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HomeMy WebLinkAbout0890 :~e~o~ TH13 MORTGAGF. D6:FD, made snd e:ecutod the o~Q day ot . 1~ 77 f~ by Donald H. _Kenny and Mildred Jean_ Kenn~r; his wife of 304 Pine St., Manistee, MI. r--' 49660 Aereia~fter called the Mottgagor. ~rhich term sAaU include the heirs. legal represeatativea, eueces~or~ ~nd wian~ ot ths said MortqaRor wherever the conte:t so tequiree or ~dmit~. ~ W TURTLS AEER A3.40CIATES, 1NC., P.O. Bo: 618, Jensea Beach. Fl. 33457 hereinafter caUed~ the Mortg~gee. which term sAaU ioclude ths auccessors aad assigtts ot the ~ eaid Mwtgagee wherover the eontext so requires o? admite• i WITNE3SETH: That tor devera Kood snd velu~ble consideration~, srtd atao in consider~tion ot ths aggrogat~ sum ` named in the promissory note ot even date herewith hereinaher described, the sajd Mortg~gor doss h~eby graat, bargaia, eeli. alien, remise. reksse, convey and rnnCum uato the said \iatgagee, his heirs. suooe~sors ud asaigns, dl the certain piece.... parceL... or t~acl.... ot land. ot which the asid Mortg~gor is now eeized and posseseed and inactu~l possession, sitwte in the County of St. I.ucie and 5tace of Fiorid~. dex~rlbed as fdbw~ q undivided interest in fee aimple ab+olute as tenant in common ia the certain n+al propeny dexribed in the amended Ma~trr Form Deed ot 7lirtk Reei Co~dominiums 1, recorded in Official Record Book 2b6. P~ga 235, aubject to ~~"O ~ m ~ divestment as xt forth in said Maater F Deed and upon ~uch div~tp~nt w ~ ~ a interval ownerahip tonsistinq of Unit weelc~ in Condominium L 14 ,'g ~ ,~Q aM ~ ~ r~ ~ consisting of Apartment Number C-14, and ita undivided share ot the rnmmon elementa ~ ~ d ot 7Lrtle Ree[ Condominiums 1 as such is dexribed in seid emended Master Form Dee~. tr This is a purchaae mone~ mortgaRe. ~,p ~ ) ~ ~-i~y ~ ~ ~N It is turther agreed between the partie+ to this mortgage that, in addition to the terma ~nd oonditioos set out !?erein, ii a conveyence should be msde by the Mortgagor ot the premieee herein deecribed. or any p~rt thereot, without firat obtaining both the written consent of the M1der he~eof, and an asswnptiou of thia ~ obligation, ia writing. by the new propoxd Grantee, then, snd in that event. at the optioa of ti~e lwWer 6eeeof. ~ without notice, aU sums of money aecured hereby shall, immediately and rnncurrently with anch oonveyanoe. beoome : due and p~yabk and said Note and Mortgage sbaU be in default. ~ ~ TO HAVE AND TO HOLD the same. wgether with all and aingular the tenements, hereditaments and ap~ 7~ ! purtenance~ there~nto bebnging or in anywi!+e appertaining snd the reversmn and reveraions. remainda u1d r~ ~ m~inders. rents. iasuea and profits thereof and also all the eatate. right. titk. interest. P*oP~Y. P~ ~ deinand w6ataoever aa well in law as in equity of the said Matgagor ia aisd ta the aame and every part end parcel thereof unW the ~aid Mortgagee, and his heirs, succesaora and assign_a, in fee simple. And said Mortgagor. fot himsel[, and hia heirs, kgal representativee. succes~ors and aaeigna, hereby oonveaante with said Mortgogee. his heira. legd repreaentatives. succeasors and assi~u. that aaid Mortgagor is i~efeasibly seized ot aaed land in fee simple: that the aaid Morigagor has tull po~rer and lawtul right to convey the ssme in fee simple as aforeesid; that it shall be ie~rfui tor said :4fortgagee, his h~ra, legal represeatetivee, suoceasors and assigas. at all times peaceably and quietly W enter upon. hold. occupy and eajoy said lsnd and every pert thereof: that said land ia free from aU incumbranoes: that said Mortgagor. hia heire, legal representativea, sucoeasora and aaaaea will make auch further assurances to pertect the tee aimpk tatle to eaid land in eeid_ Mmtg~Bee. his 6eira, Iegal representativea. succeseors and asaigns. a~ may reaeonsbly be required: end that aaid Mortgagor does hereby fally ~rarrant the title w said lend and every part thereof and wiU defend the same again+t t6e ~ lawfiil claim~ ot all person~ ~vhomscever. I IC i~ understood that each of the words. "note". "mortgagor" and "mortgagee" respectively and tbe proooune E referring thereto. ~vhetAer in the aingular or plural anywhere in thia mortgage, shall be singular if one only and f ahall be plural jointly and xverally, if more than one, and shaU be nasculine. feminine and/or neuter. wt~ev~ t6e oonte:t so implies or admits. ~ And said Mortgagor for himself and his heirs, legal representativea, succes~or~ and asaigna, h~eby oovenaata end ~ tgrees to and writh said Mortgagee. hi~ legal representatives, successors end assigns: ~ 1. To pay aU and ~inRular the principaf and interest and the variou~ and auedry aums of money p~yabM by . ~ ~ virtue ot aaid promissory note, and this mortqege. each and every, promptly on the daya re~pectively the same severally beoome due. ~ 2. To pay all and ~ingular the t~es. assesament~. {evie~, liabilitiea. obligations and incumbraaoea of every mture and kied no~v on said dexribed property. end/or that hereatter roay be imposed. auftered, plaoed, levied or sssessed thereupon, and~or that hereaftet may be levied or asses~ed upon this mortgage andJor the indebtedneea secured hereby, each and every, when due and payable according W law, before they beoome delinque~t, and • betore any intereat attache~ ur sny penslty is iacurred: end in so fu ae any thereof is of record the eame ebaU be ~omptly eatiafied and discharged of record and the ori~nsl officid document Isuc6 as, tor inatanoe. tLe taz noaipt o~ the ~atiefaction paper officiaUy endorsed or certifiedl sball be plaoed in t6e hande ot said Mortgagee wttbin ten days ne:t after payment; end in the event that eay th~eot is not so paid. satiefied md disch~t8ed. ~ said Morigagee may et any time pay the same or any part t6ereof withoat waiviug or affecting any optioo. ~ liea, equity or right under or by virtue of this mortgage, and t6e fuU amwnt of esch and every auc6 p~ynoe~at s6a11 ~ be immediately due and peysbk end ahall bear intereat from the date t6ereof unt~ paid at the rate of ceo per ; ~ oeaturn per annum and together with such interest sbap be secured by the lien of this awrtgage. - ~ ~ 3. To plece and continuouaiy keep on the buildings now or hereafter situate oa eaid land fire and windswcm ~ ~ insurance in the uaaal atandard policy form, in a sum not le.~s than the amount due hereon, in such oo~any ~ or ownpaniea s~ may be approved by seid Mortgagee: ~nd ~11 anch insuranoe poljcies on any of said bu~7dings, any ~ iaureat t6erein or part thereof, in the eggregate sum aforesaid w in e:oeas thereof, a6a11 oont~in ths nswl & otandard mortgagee cLu~e mdcing tl~e lo~ under said policies. ~ch and every, peyabk w eaid Moctgages ~s hi~ ~ iatare~t msy appear. and eech and every euch poliey ~heU be promptly delivered W and hdd by said Mortgag~ - m; ~ ~nd, not less t}un ten daye in advance of the espiration of eac6 poljcy. W deBver to said Moct~ass • noawd t~eof, Wgether with a receipt for the premium of suc6 renewal: and there ahaU be ao sueh ins~r~nos p1~t+d . ' ~ on any of aaid buiWings. eny interest the:ein or pert thereof. unlesa w tbe form ~nd wit6 the bss p~yable ~s ' ~ JoreMid: and fe the event any sum of money b~eomes payabk under such policy or poUciea and said Ma~tg~gee U ~t ~n ~ Bo~x r„V~ PAGE SS$ . _ -