HomeMy WebLinkAbout0127 BUILDING "D" a~~,~ I'~ ~
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THl3 MOR7'GAGE DF.F.D, made and e:ecuted the lOtll d~y aj DeC~@T' ~ 19 ,
by _ Frank V. Dooley and Marie M._Dooley, his wife of Laurelwood Dr. , Col ts Neck, N.J.
Q7722
!?ersinafter u?Ued tAe Mortg~gor. w~hich tarm shaU include the heire, kRal ?epresee~t~tives, succ~sso~s aad ~rigni
ot the esid Mortgagor ~Aerever the conteat eo requires o~ ~dmits.
to TURTi.E REBF AS.SOCIATES, INC., P.O. Ho: 618. Jenxn Be~ch. FL 33157
herein~fter called the Mortgagoe, whieh term shaU include the auccesaoro and aeaiRr?s ot the
s~id Nort~gee wherever the conte:t so rcquires or admits.
WITNESSETH: That for devers good and veluaAle rnnsideretions. and aL+o in con~ider~tion ot the ~ggregate sum
named in the promissory note of even date herew~ith her~inaher dexrised, the aaid lllortgagor doea hereby
~ant, bugsin, ae4 aGen, remise, relea~e, mnvey and confirm unto the ~aid ~lortg~gee, hie heir~. sucaessore and
sssigns. ~11 the certait? piece..., psrcel.... or tract..., ot I~nd, of which the said Mortgagor ia now seized and
posxsxd and inactual pos+eeaic?n. +ituate in thp Cnunty ~f St. Lucie end Stete ot Florids, described ~a toUows:
q 0.0384 % undivided interest in fee simple absolute as--tenant in common
in t e certa~n real property described in the Master Form Deed of Turtle Reef
Condominiums 1, recorded in Official Record Book 263, Page 2002, subject to
divestment as set forth in said Master Form Deed ~~d upon such divestment ar~
interval ownership consistiny of ~r~~ we~~; in Condc~iniur~ D'29
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consisting of Apartment Number D'29 , and its undivided share of the
M comnon elements of Turtle Reef Condominiums 1, as such is described in said
~ Master Form Oeed. This is a purchase maney mortgage.
~
ot? It i~ farther aqreed between tAe partie~ to thia mortgage that, in addition to the term~ end conditiotts aet
S (,~j out herein, if a rnnveyance should be made by the Mottgagor of the premises herein dexribed, or any part
= g~ . thereof, witbout first obtaining both the ~vritten conxnt af the holder hereof, and aa ~eaumption ot this
r. obUgation, in writing, by the ne~r proposed Grantee, then, end in that event. ~t the option of tbe Aoldtr l~re~t,
without notice, a11 sums of money ~ecured hertby aA~ll, immediately and rnncurrently with auch rnaveyance, become
due .and payRbk snd said Note and Mortgage ~hall be in detsult.
TO HAVE AND TO HOLD the seme, together with al! ared singnLr the tenement~, heredieamettte ~r~d ap-
purtenances tt~ereupto bebnging or in enywri~e appertaining ~nd the rever+ion and rever~iona, remainder ~nd ~
tnainder~, reaW. issues and profita thereof and aleo all the eaute, right. titk, interest, property, pos~essiuu, claim ~nd
demand what~oever ~a weU in taw ae in equity of the aaid Mwtg~ga~ in ar?d to the same and every pnt and
parcel thereot unto the said Mottgagee, and his heir~, succeasors and assign+, in fee simpk.
Md aaid Mortgagor, tor Aimaett. ~nd hia hein. 4ge1 repressntativea. ~uccessora ~nd aaaigns, hereby oonvenants
writh s~id Mortgsgee, his heirs, legal representative~, auccessoro and a~igna, that eaid Mortgagor ie indete~aibly
aeized oi asid land in fee ~impk: that the eaid Mortgsgor haa fnll power and lswdul right to eonvey tlu eame u? fee
simple sa afore~aid: that it shall be lew*tul fof eaid Mortgagee, his Mirs, kgal repres~mtatives, eucceasors and aseigns,
at aU times peaceably snd quietly to enter upon, hold, occupy ~nd enjoy said land aad every part thereof:
that naid land is free hom all incumbrancer th~t uid Mortqagor, hi+ heirs, kgat representativea, enca~asors aod
a~signs. ~vill make wch farther a~suranoea to pertect the fee simpk titk to said lend in eaid Mrotg~gee.
his Aeirs. legsl repre~entatives, succs~sor~ snd asaigna, a~ may re~sonably be required: and that e~id Mortg~gor
dxe hereby fuUy werraat the title to ~aid land and every p~rt thereof and will detend the same against the
lawful claims ot ~U person~ whomsoever.
It is understood that each of tfie xords. "note". "moKgagor" aind "mortgag~ee" reapectively and the pronouns
referring thereW, ahether in the singuler or ptural enywrhere in this mortgs~e, ahaU be singuler if one oniy and
~ shat! be ptu~al jointly md se~•eraUy, if more than one, and shall be maxutine, feminine s~lor ncvter, wl~reva
~ the tonte:t so irepliee or admit~.
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~ And said Mortgagor tor himxif and his heirs, kgal representativea, suoc~ssors end assigna. hereby covenanta and
agrees to and with r~id MortgsRee. his legal representatives, autcessora and aasigna:
O
1. To pay all ~nd sinRular the principal and intere~t and the varioua and sundry suma of money payable by .
virtue of aaid promisaory note. ared thi~ morigage. each end every, prompdy on the deys respectively the eame
; n~,~' xverally become due_
f~ ~
` ~ . :
, 2. To pay all and . singular the tues, assessmenta, kviea, liabilitiee. obligatioaa aad incumbrances ot rvery
mture and Icind now on ~aid described property, andfor that hereafte~ may be imposed, suftered, pl~ced. ievied
- or asseaeed thereupon. and.~or thnt hereafter may be kvied or essessed upon this mortgege andlor the indebtednees
' secured hereby. each and every, wbet~ due snd p~yabk ~ceording to law, before they becoene detinquent, ~nd
- ' before any interest attaches or any penalty is iacurred: and in so far as any there~f is of record the same ehdl be
prompity satisfied and dixbarged of reoord and the origiaal oN'~cial document lauch as, for instanoe, tbe tu
rsoeipt or the eatis(~ctan paper officially endor~ed or cartifiedl shall be pl~ced in the iunda of a~id Mortgagee
wit6in tes days ne:t ~fter p~yment: and in the event that any t6ereot is not so pa~, satisfied snd disc6araed.
~ ' said Mortgagee may at any timc pay the eame or any p~rt thereof witbout waiving or aHecting any option,
, J lien, equity or right uader or by virtue ot thi~ mortgage, snd the full amount of each and every such p~ymeat a1W1
be im,ned;acely due aod p~yabk and shall bear interest from t6e date th~reof unt~7 p~id ~t the race of ten per
_ centurn per annum snd Wg~ether wit6 such intereat ahail be secured by the lien of this mortgage.
3_ To pl~ce and rnntinuouely keep on the buiWii?gs now or here~fter aitwte on said land fire and windstorm
iwsuranoe in the usua~l standard poliey torm, in a sam not kas than the amonnt due hereon. in such comyoY
or oomp~nies aa mey be ~pproved by said Mortgsgee: aad all auch insunnoe policiee on any ot said buildings, any
interest L11q'Eiq or part thereof. in the aggregate sum sioresaid or in e:oea+ thereot. ah~U oontain the usw!
standard mortgagee cbu~e malciag the lou~ under uid policies, e~ch and every, p~yabk to said MoKgagee ~s hi~
intera~t m~y ~ppear. end e~ch and rvery eueh polky a6aU be promptly dsUvsred w and 6etd by wid Mort~ •
and, not less than tan days in edvanoe of the e~iration ot e~ch poliey, to ddiwr to said Matgyw • no~wd
theroo(. together w~ith a reoeipt for the premium of sueh reoewd: ~nd tMe shafl be no snc6 inwrmee ptrad
/ on any ot aaid buildings, any ioterest therein or part thereof. unle~~ in tb~ form .nd wich cM loa p.ybis u '
\_`7 dore~~id: and ia the event any sum of mooey beoomes p~yabls ~ such policy or policies and taid Mortga~e
u
~ ~ a ~Q ~QCe ~ Ye~ _ _ f
~ Payment vf Taxp
600K4v~ PAGE ~ ~con~(',jq3~••~..~ncanpible~non~~Prop~q.
pu~suani To ChaptK 7~~ ~34~ Ap~~ a 1~71.
Roc~t Po+nus q
c~•~ c+?a,it court, s~ t.c,cie, co., F±e-