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Home My WebLink About0778 BUILDING "0" ~y~~1~ ~ / I TN1S MOR1'GAGE DEFO, made and eseeuced the 22 d~y ot November , 19 by Vincent R. QeStefano and ~1~ir~_L. DeStefano, his_wife of 48 Faywood Ave. East Boston, MA. 02128 hereinaker callsd tM Mortp~or, wAich term ~hall u?dude ths heire, legd repee~eatatives, sueeesaor~ and uaign~ ot the aaid Mortgagor whernver the conte:t ao requires or admits, to TURTLE RE~F AS.SOCIATES, INC.. P.O. Fio: 618. Jenxn Beach, Fl. 33~57 hereinafter caUed' the Mortgagee, wrhich term shsU include the ~ucceseora and assiRns of the said Mortgagee wherever tAe context so requires or edmita. WITNESSETH: That for devera g~ooii ~nd valuebk consider~tioa~, snd aL~o in rnnsidention ot the ~ggregate eum named in the promissory note oi even date herew~ith hereinafter dexribed, the said MoKgago~ doea herebr gnnt, bugain, xU, stien, remi~e, releaee, convey and confirm unto the sRid Mortgages, his heire, aatceesors and assigns, al! tAe ceKain piece..., parcel...- or trect.... of land, ot which tAe eaid Mortgago~ is esow seir.ed and possesxd ~nd inactuel pos+e~~an, aituste in the Ceunty ot St. Lucie end State ot Fbrid~, described as foUows: ' A 0.0769 % undivided interest in fee simple absolute as tenant in common in t e certaiR real property described in the Master Form Deed of Turt]e Reef Condominiums l, recorded in Official Record Book 263, Page 2002, subject to . divestment as set forth in said Master Form Deed and upon such divestment an - interval ownership consisting of Unit Weeks 16 and 17 in Condominium D-30 , ~~consisting of Apartment Number D-30 , and its undivided share of the ~~;comnon elements of Turtle Reef Condominiums I, as such is described in said n_~ Master Form Deed. This is a purchase money mortgage. ~ ~ ~ v`~ It ia further agreed between the partie~ to thi~ mortgage that. in additio?~ to the terms and condition~ set S out herein, if a conveyance ahould be mede by the Mortgagor of the premi~es herein deseribed, or eny part g~ thereot, ~rithout fitat obtaining both the written rnn~ent of the hoWer hereot, and an aasutnption of this ~N obligation, in writing, by the new propoxd Grantee, then. and in that event, at the option ot the-lalder hereof. : withoat notice. ~11 aaau of money xcured hereby ~hall, immediately and concurrently ~rith auch eonveyanoe, beoome due and psyabk and said Note and Mortqage shall be in detault. TO HAVE AND TO HOLD the ~ame. togetAer with all and ainguLr thr tenement~, hereditamenis aad a~ purtensncd there~nto bebnging or in anywrix ~ppertaining and the reverswn and reversions, remainder and re maindafe. rents. issues and pmfta thereof and also aU the estate. right. title. interest. PropertY. Poseession. cl~im and demand whataoever as wetl in law es in equity of the aaid Mortgagor in and to the aame and every part and ' parod thireof unw the ~aid ~lortgagee, and hi~ be'u~. ~uccessora aad aasig~,, in fee aimpk_ ~ Md said Mortg~gor. for himself, end his he'vs. legal repressntatives. euccessors and aesigns, hereby wnvenants ; with said Mortgagee. hie heu~. legal representativea. successors ~nd assigns. that said tr[ortg~g~oT is indefe~aibly l seised oi aaid la~d in fee ~impk: thet the said Mortgagor haa full power and law~ful right to convey the same in fea - aimpk aa afore~aid: that it ~ball be lawful tor esid Mortgagee. his heirs. legal repreaentatives. succesaors and assigns. at ~11 times peaceably and quietly to enter upon, hold, oocupy and enjoy ~aid land aod eve~y p~rt thereof; that said land ia free from a0 incumbrsncw; that aaid Mortgagor, his heir~, kgal represeetatives, enooeaeors ~nd ' w~igns, will maice aueh [urther asaunncea to perfect the fee eimple title to ~aid land in said Mmtgagee, ~ his heiro, legal representativee, ~ccessore snd ssaigne. as may teasonably be requind: and that aaid Mortg~gor ~ doe~ hereby tully wartant the title co said lsnd and every part thereof and will defend the same againat the lawful daims ot all pereona ~vhomsoever. It i~ understood that each of the word~. "note", "mortgsgor" and "mortgagee" respectively and the pronouns ~ reterring thereto, whether in the singular or plu~sl anywhere in thia mortgage, shap be aingulu if one only and shell be plurat jointly and ~everal~y, it more than one, and ~ball be tnas~iline. Eemin[ne andlor net~ter, wA~v~ :,;~3~ t6e codt~t so implies or admit~. i - 'r Z And said Mortg~gor for himself and hia htira, kgal representatives, auoceseore ~nd asaigns, hereby covenanta wd E i l;~m agreee to ~nd with ~aid Mortgaqee. hi~ legal representatives. eucceseors ~nd ~snigna: ~ = x • ~ 1. To all and ein lar the ci ' .i ; pay Ru prin pd and intereat •nd the various and sundry sursL+ of money payable by i ! virtue af said proauesory note. and thi~ tnortgage, each end evay, prompdy on the days reepectivdy the same ; ~ severelly become due. i ' ~ _ ` ' t;r[-1 ~ 2. To p~y all and ~ingulu the tazee, sssessmente, ievies, liabilitiee, obligationa and incumbnncea ot every ~:•-l-~ neturc and kind no~v on said de~cribed property, and/or that hereaft~er mag be imposed, suffered, placed, ie.wied 3~,~ or a~seased thereupon, andtor that hereafter may be levied or ~aseaeed upon this mortgage and/a the indebtednese secured hereby, each and every, when due and p~yebk according to law, betore they become deWpuent, and - L~ before any interest atteches or any penatty ia incumd: ~nd in so far as any thereof is of record the sams sl~ll be ~ ?,1, ti~, promptlr aatia8ed and discharged o( record aad the original official docume~t Isuch as. for inatance, the tai reosipt or t6e aatis(action p~per officially endorsed or certifiedl shaU be placed in the haade of said Mortgagee within ten daya ne:t after payment: snd in the event that eny thereof is not so paid, satisfied tnd diacharged, eaid Mortgegee m~y at •ny time pey the eame or any part thereof ~rethout waiving or affecting any aption, lien, equity or right under or by virtue of thia mortgage, and the full amauni of each and every euch payment s6all be immediately due and p~yabk aad ahall bear int~erest from the date the~+eof unta'1 paid at t6e nt~ of tm per eeaturn per annum ~nd together w~ith such intereat ahall be xcured by the liea ot tltis mortgage. 3. To place snd continuouely Iceep on the buildings now or hereaft~r situate on said land fire and wiodstorm insuraooe in the usnal atandard policy torm, in a sum oot k~s than the aawnnt due hereon, in anch oompany or oomp~niea sa may be spproved by eaid Mortgaase: and all such insuraeoe polieiee on any of said bu~7dings. ~ny inter~est thereen or part theteof, in the sggregitP a~m aforesaid or in e~ess thereof, ~hall oontain tbe aswl st~ndard mortgagee clause making the losr under said policies. esch aad every. p~y~bk to said Mortgagoe as his interest may appe~r. and e~ch and every such poticy s6all be promptly delivered W and held by said Matp~ . ~nd. not lesa tl~an ten days in adv~nce ot c6e s~iratioa ot e~c6 poiicy. to dsliwr to a~id INocip~ • noswd ' , tbereot. togatber with a recapt tor tbe premium ot such renewal: ~nd Rhers slull bs ao wch inwranos pl~ad ~ oa any of said buildings. any intereat tl~erein or p~rt thereof. nds~~ in tl~s fam aod wit6 tM iop paqabie u ' ~ ato~aid: and in tbe evwt any n~m of ma~ey beoomes p~yabk under wch poticy or poticis~ awf said Mortga~ a~-eivwr} s v 1~t Pay11N~1t Of TexAs ~i Q ~r~ ~ ~e O.. - ~ ;ss - - fntenpibl~pbr'~ofNlPrvpsrt~r ~~0!l~~C7V f'I4GE / ' °~rsu<~ni To ChaDte? 71. Aph ~ ~87~. - ~oc~R Parw?s ~ P r~en+ Grcuit Caurt, St. LttciQ, Gp., ~},p,