HomeMy WebLinkAbout0844 36~3'78 , ~j ~
TH13 MORT(;AG~ UF.F:n, made •rx1 e:~~c~d che 6th d.,, o~ _____March ~ R_, 1~ ~
by__ Richard Lee Jeruzal and Rosema_ry__Jeruzal:_his_wife_ of 525~ K~2amazoo SE _ ~
Grand Rapids, MI. 49508
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lNninatt.~r caUed tM Monga~. whicA term ~hall it~clude tM he'ua. le~l repre~entative~. ntetewor~ and ~Ni~m
ot tM eaW Mottgagor wherovsr tha~ contr:~ so n~qulre~ or ~dmit~. -
W TURTLE R£EF A3.SOCIATF.S. INC.. P.O. Bo: 618, Jeoaen Be~rh, ~1. 33;b7 ~
Mreieatter caUed the Mortgagee, which term shall includ~ the ~ucceswrs and asdgns ot tM ~
~id Matg~~es wherever tAe conte:t no nquires or admits.
WITNESSETH: 'f~at fo? dever+ good ~nd ~~sluabk rnnsid~ations, end ~lao in coniider~tio~ of ths aggregate swo t
named in ths promisswy note nf even date here~rith hereinatter described. ths ~aid MortRag~or doss Aereby
~ant, bargiin. seU, alien, remise, rele~se. convey and coaMa unto tM aaid Mortg~gee, hii hein. succeao~ and
assiaeu, ~1) the certain piece..., p~rcel.... or tract.... of land. oi which tbe wid Mortgaaor u aow ~eised and
pos~sssed ~nd inactud posxssion, eitwte in the Caunty ot 3t. l.ucie ,~nd State of Rlwida, described u toUow~ O
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A_~ 'b undivided interrst in (ee aimpk abwlute ~s tenanl, in oommon
in the ccttai~ real property de+cribed in the amended M~~ter Form I)eed of 7Lrtk
~ Reet Condominiums 1, recorded in O(ficW Record Book 258, Pege Z35, ~ubject to 6~'
v dlvestment aa set forth in said Alaster p~ ~eed end upon aueh divestment ~n ~
~ interval ownersAip.consistinR ot Unit ~reeks ~1~C1~_12 in Cor.dominium C-1Q ,
~ c consisting ot Aputment Number C-1~and ita undivided sharc af tAe common ekments
ot 7Lrtk Reef Condominiums 1 a~ such i~ dexribed in said amended Ma_ster Form Deed.
71us u a purchase money mortgage.
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r; ~ ~ It is further aRreed betwren the part~es tc? thi~ mortgage that, in ad~litan W the t~a~s and ooaditions sst
~ Q~t herein, it a conveyance ~houid be made bv the' Mort~gor oI t6e ~nises herein dsscrtbed. or ~ny p~rt
tbereof, writhout first obtaining both the written conxnt of the holder hereof, ~nd an assumption oi thL -
~ligation, in writing, by the new propo~ed Grantee. then. and in that e~•c•nt, at the optioo ot the hoider bereof.
, without ootice, all suma ot money aecured hereby shall. immediately and concurrently w~itA sucA conveyanoe, beoome
! doe ~nd payable and said Note and MortRaqe sh~U be in deteult. -
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( TO HAVE AND TO HOLD the seme. together rrith aU aad aingular che tenements, hereditaments ~nd ap~ -
purteoaates thereueto bebnging or in anywise appertaining and the rrversion and roversions, remait~der and rt
~ mainders, rents. issues •nd profits thereof and al~o aU the eatate, right, utk, internst, property, possession, tlaim ~nd
demand whatsoever aa w~eU in la~r as in equity of the said Mnrtgagor in aad tu the same and every p~rt and
p~rcel thereot unto the aaic! MortRaqe~, end his heire, ~ucces~e and aasigna, in fee simpk.
I And ~id Mortg~gor, for himxlt, and his heira, kqal repreaentatives. successn-~ ~nd assign0. hereby oonvenants
I with s~id Mortgaqee, hia heirs. kqd representatives, snccessors and wigns, that aaid blortgagot is udete~eibiy
~ ~eized of said land in tee ~impk: th~t tbe~ said Mongagor hss full power and lawful right to convey t6e same in fee
~ aimpl~ as aforesaid: thet it ~hsll be Iswdul tor ssid MortRaRee, hie heir~, ~eg~l repreaentatives, eucc~ors and assigns, y
~ at aU times pe~ceably end quietly to enter upon, hold, occupy and en~oy aaid land and evay part. theneof:
i' th~t ~aid tsnd is free from aU incumbre~: that ~aid Nortgagor, his Ae+rs, kgal representatives, ~coeasors aod o~~~~~
usigns, will make auch (urther aaiuranca~ to pertect the [ee aimpk titk to eaid 1~nd in eaid Mrotg~gee, w
~ hi~ heirs. kgd reprexnutives. succeaeore and araigns. ax msy re~sonably be required: end tlut eaid Mortgagar ~
doee hereby tuUy watrant the title to said Iand and every pert thereot and will defend the eame against the ~
~ lawtul claim~ of atl peraons .rhomsoever. f~
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~ it ia underatood that each ot the words. "note". "mortgagor" •nd -"mortgagee" respectively and the prot~ouns s J~
~ referrinq Ebereto. whether in the 9inRular or plural anyw~here in thi~ mortRage. ~hall be aingulu if one only and
` ehall be plural jointly snd severally. ~f mMe tAan one, and shaq be mssculine. (eininine andlor neuter, wl~,tevv
the contast so implies or edmits 3~~'' ~
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~ And said Mortgagor for himxlf and hi~ heir~. le~l representativee, succeasor~ and anrigoe, haeby covenanta ~nd
~ ~grees to ~nd with said ~1ortRa~ee. his leRa) repre~entatives. succe++or~ and asaigns: ~ ~
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~ 1. To pay all end sin~ular the principsl And intereet and the variou~ and eundry wms oi mon~ p~yable by t
, virtue ot said promi»ory note, and this mortRage, each and every, promptly on the day~ reapectively the aame
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! s!vlra~y blCOme dUt. S ~ ~ ;
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f 2. To pay aU end singular the -tazes, aase~~ment~, kviea. liabilities, obtigatan~ and incumbrances of every
~ nature and kied now on said described property, endlor that heresfter may be impoeed, euttered, placed, lrvied
j or assessed thereupon, end'or that hereafter may be {evied or asxaxd upa? this moKgage andlor the iadebtednees :
~ secured hereby: each end e~erv. when due and payabk eccording ta Iaw, beforc they become ddinquent, and
~ before ~ny intere~t attachea or any pemlty i~ incarred: end 'w so far as any thereot ia oi record the sams al~ll be ' ~
i promptly satieC~ed end diech~rged of record and tbe original official documeat Isuch as, for inatanoe, tbe tu
{ t~c~ipt or the satiataction paper otficiaUy endorxd or certifiedl shall be pl~ced in the lunds ot said Matsage~ :
I ' wtthin t~a days ae:t ~fter p~yment: and in the event that any thereof is not so paid. satufied and diich~rged,
; qid Mortgagee m~y at any time p~y t6e same or any part thereof witl~out waiving or ~Heeting anY optioo,
lien, equity or rigl~t under or by virtue of this mortgage, and the fu0 amwnt of e~ch and every such p~ymeat shall
bs immediately due ~nd p~yabk and ~haU bwr intereat firom t6e date thereo! until paid at the rate of ten per
osaturn per aonum end together writh such interest shaU be secured by the lien of this mortgaae.
3. To pLte and contiauously ke~p oa t6e buildings now or hereafter sitwt,e on aid land fin ~nd windstorm
' insuranee in the usual stendard policy tone, in a aum not kas than the aawunt due hereon, in such ~ny
or co~pp~niea as may be approved by eaid Mortga~ee: and ~Il svch insurance policies on aoy ot raid buDdings, any
interest therein or part thereof, in the e~regate sum sforcuid or in exceas thereoi, shaU oontain t6~ uwial
• Kandard awrtgsgee clause making the {oa~ unda said policie~. e~ch and every. payabk w said Mortg~g~ u hi~
inten~t ~y ~ppear. ~nd e~ch and every suc6 poiky ahall be proa~ptljr derivared to and beld by saW lilottp~ •
~nd, not le~s tAan ten days ia ~dvaece of the e:pir~tion o/ each polk~. to ddiv~ to ~aid Moctppe ~ nrwnl
th~not. tosstb~ with ~ receipt for the premium ot such e~eoewal: ~nd thee~s shall bs no wch iAaurmo~ pbad
00 ~a~ of aaid bniWings. any interest therein or part thereof. unkss in tbs tonn and wkh ths loss p~yabk as ' .
atorewid: ~nd ia the evant any ~um oi moeey become~ payabk under such policy or policies and said Mortgagre
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