HomeMy WebLinkAbout0982 ' ~ BUILDING "D" $~$'~~4 f ~
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THI3 MORTGAGB DE~O, mads and sseeut~d tM ~~day ot November 19 '
by ALbert Athey and Esther Athry, his wife of 628 Cherokee St., Kalamazoo, MI. 49007
h.r.iuatc.t causd cA. Morc~.~. .eich cRm .A.u inetua. cb. e.ir.. kpl repr..w~attw.. .uoc.nor. .ua
of tM ~aid Mortsa~ wherwer tbe oonten ~o requirs~ or ~dmlca. ~
to TUR7'I.E AEEF A3.gOCIA1'E3, iNC., P.O. Bo= a18, Jeasen Se~ch, FL 331b7
he~ein~it~t caUsd' the Mortg~ges. whieh term ~haU ineluds tAe successon and ~ssign~ ot tAs
aaid Matgagr,s ~?herever ths conte:t so requires o? admits.
WITNESSE7'H: That tor devars good aed valu~bk coniideratiooi. ~nd dso ia ooasider~tioa of ths ag~e~ts sam
naa~ed 'w the promiasoty note of even date Ae~ewith hereinrtter describsd. the said Mortaagor doas l~ereby
8ran~ bu8ain. se11. alien. remise. rele~ee. convey ~nd confirm uato~ the s~id Mortgrises, hIs heirs, e~ooesso~s ~ad
as~ns. all the eertaia piece.... paroel.... or tr~ct..., ot land. of w6ich tAe s~id . Moctsa~cr is now ~eir~ed ~ad ~
posseased and inaetual poasession, sitwte in the County of 3t. Lucie and 3tate of Florida, deseribed as fdbwx
A 0.0769 % undivided interest in fee simple absolute as tenant in cammon
in t e certa~n real property described in the Master Form Oeed of Turtle Reef
Condominiums 1, recorded in Official Record Book 263, Page 2002, sub~ect to
divestrtient as set forth in said Master Form Deed and upon such divestment an
interval ownership consisting of Unit Weeks 3 and 4 in Condominium 0-7
~
~ ~:consisting of Apartment Number D-7 , and its undivided share of the
= cortmon elements of Turtle Reef Condom~niums 1, as such is described in said
i~ Master Form Deed. This is a purchase money mortgage.•
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, - It ia turther agreed betwreen the parties to thia mortgage tl~at. in addition W the terme and oonditions sst
out he~eia, if a oooveyance should be made by the Mortgagor ot the pre~nisss 6erein deecribed. ar ~nY part
~ D thet~eof, without 6rst obtaining both tl~ writt~ con~ent of the boider he~eot, and ~n assumptioa of ttis
o, ~ o; obligatioo, in writing. by the aew prupossd Grantes, then. aad in that svd~~ ~t the option ot tAs boider Meof,
`D~ m witliout notice. all eums of money aecured hereby sAaU. immed'utely tad eoncvrrently witb sueh oonveyanoe. beoome
A ~ due aad abM ~nd said Note and Mat
p~y n gage shall be ia detauh.
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~ TO NAVE AND '!b NOLD the ~ame, ta~gether with a11 and aiegular ti?e tenements, 6ereditaments ~nd ap
purteaance~ therennto bebnging or in anywrise appe:taining and t6e reveraan aad reversions. remaiader and rs
m~indars. rents. iss~ea and profits thereof and dso dl the estate. right. title. iaterest. P~opertY. Po~a~pn. clajm and
de+nand wlutsoever ~s we1! in 4w se en equity of tha said Mortga~g~nr in ~nd to the sacne u~d every p~rt aAd
pareel thereof ~ww t6e aaid Mortgagec. and his heirs. enocessors and asaigns, in fee aimple.
And said Mortg~gor. tor hiQUelt. ~e~d his heiro. k~l np'sNnt~tivee. succeseors and usi~ns. barsby oonvaunti
writh s~id Mortgagee. hts l~eirs. kgd rep~entativss. suecesson ~nd ~asig~s, th~t atid Mort~a~ ia indefa~a~bly
se~ed of said land in !ee simpb: that tM aaid Mortgagor has fuD power and l~wful ri~ht to convey t6e same in tee
simple as atorenaid: tlut it ~hall be IawiW tor ~aid Mortg~gee, his hsirs. k~al rq~re~entative~. su~sors ~nd assigos,
at all tiaies pe~ce~bly and quietly to enter upoa. hoW. ooevpy and eejoy uid land and every p~rt tl~aeof;
that s~id land is tree from all incvmbranoes: tlu~t uid Mortg~~or. his heirs, legal represeaqtivea, snooesson and
asaigns. will mdce soeb futtber asnuances to pertect the Eee ~impie titie to s~id land in said Mrotgagee,
his heirs. legal reptesent~tivcs. suectssors and assigns. ae may reawnabtp bs required: and that said Mo~tgag~or
doee hereby fnUy warrant the title to s~id land and every part thereof and w~71 defend the sams against tbe ~
lawtul daims of all peroons whomsoever.
It is understood that e~ch of the worda. "note", "mortg~gor" ar~d "mortgagse" r~pectively and tl~e prawum
referring thereto, whether in the aingular or pfural anywbae in this mortgage, shall be aingular if one only ~nd
shall be ph~ra) jointly and severally. ii more than one. and shaU be n~sculine, feminiae ~ndlor neuter. wherever
tba oontezt so implies or admits.
And said Matgagor for himself and hi~ bars. {sgal npre~sntatives. at~ee~wn at~d apiga~. Mreby ooveoanU and ~
a~ree~ w and wic6 ~~id Mortgagee. his kg~l rapresentative~. t~cccs~~as and atsiger.
T
1. To pay dt snd singutar the princip~l and interest and ths various ud
sundry suma of money PeY~~ bY .
~ virtue of ssid promiesory note. and this mortgags. each and every. p~omptly on tbe daya respectivdy the aams
:
, severally become due. -
S~
, Ti 2. To pay dl ~nd eingulu the tues. asaeaaments. kvies. liabilities. obligationa u~d iacumbranoes ot ev~y
natun and kind now on said describsd property. and/or that hee+sREter may be impossd. saffered. pl~ee~i. ievied
or ~ssessed thereupon. and/or thst bereafter uuy be levied or as~es~sd upoa this noortsage and/or Lhe indebted~o~ess
seeured 6ereby. each and every. w!~ due and p~yabk aooordins W Lw. bsta~+e tl~ep bswme delinqueat, and
i bafone any mterast ateaches or any psnalty i~ incnrred: and in so fa ~s t}~ereot is ot reoord ths ~am~ sMD be ~
" ' promptly aatisfied ~nd di of reoord and the - - ~ ~ -
p omptl sclurged original oftkW document Isaeh as. tor inst~nos~ tbs tu
noaipt or t6e satisf~etion paper offiiciilly sadorsed or certifiedl ~h~tl be plsoed in the lund~ of ~aid b(ortgsges
'.~ichia cen day. ne:c .tcer t~rmeat; a~d in cl~e evenc c6.c .ny cbeneot i. noc so paia, s.ci,5ed and di.el~ar~ed,
_ s~id Mortgagse m~y ~t ~ny w~ne p~y the eame or aay part t6u+eot witl~out waiving or affeeting ~ny option,
lisa. equity or right under ar by virtue of this mortgage. and t6e tuD ~mount of e~ch and every such payment s6all
bs immedi~tely due ~ad p~yabls and shall be~r interest from the dats t~eof unt~ pRid ~t the nte of teo per
osnturn per aanum and to~stl~er with snch intareet s}ull be securad by t6e Uea oi tLis mortga~e.
3. To pLes and continuoasly kesp on the b~Ddings now or h~eaher ~q~ate uo said luid itre and windsWrm
insurance in t6e usual atand~rd poticy form. in a sum not leis t6an t6e ~mo~nt due hereon. ia ~uch eompany
or oomp~nies ~s may be appmved by said Mortga~ and aII auh iasurancs policiea on any ot wd b~u7dings, aay
intere~t theroin or p~rt t6ereof. in the aggregate eum aforesaid or in aue~ thereoi. ahap coatain t6~ uwal
~tandard mortga~se clause au~king tbe lo~ under s~id poticie~. esch and avary. P~Y~bk W sdd Mortsag~s a hi~
~ intere~t m~y app~ar. and wch ~nd every wu6 poliey ~hap bs pe~omptb? dsliv~rd to ~ad 6eld br aid Maetp~wC -
and. not lsa tlun tere dar~ fa advanca af tM upiratio~n of e~cL polfey. to dd[wr to ~aid Mart~yw • nio~wd
rj ~ ther~wt. to8et6er with a nc+~ipt fot tbs pee~aium of sncb r~w~t: and th~re duD b~ no wxh ~ pl~o~d
on ~ny of said bnildi~s~s. any interert tbaein or prrt tMreot. naiMt ia tlw form and witb tM loM payabb u .
~ dore~aid: and "m t6~ e~vwt ~ay nua ot moosf D~ooms~ p~yabb nnda w~ch po~lic~ or`~ aad a~d lMtatsys~ .
Reqhrod i ` ~ 41 ~INA1t 01 T~~
DIM V~~ V.~w ~V kI~Y~~f~Ofl~~fh/
ao~ 27'9 ~~f 9~, ~ To ~ »~f.