HomeMy WebLinkAbout0198 /
1 ' BUILDING "D" 3~5~15 ~ ~
THI3 MORTC)AGE DEF.D, mads and e:~cuced the ath day ot February ~g ~8
by A~0 FLOR6ANI o! 1685 BREZITYOOD~ ST. JOSEPH, MICH._ 49085
h~einaher eallsd tM Mort~~. which cerm ahall include th~ heirs. k~l represent~tive~. succe~on aad aMigiu
ot ths aaid Mortgagor wh~ever the conte:t so requires or admlts.
to TIIRTI.E REER AS.SOCIATES, INC.. P.O. Bo: 61e, Jenxn Be~ch, FL 33457
heroinafter eal{sd~ the Mortgagee, which ternn shaU iaclude the eucceseors and aseigns of the
aaid MoKg~ges wherever the conta:t so roquires or admits.
~
WITNESSETH: That to~ dever. good and valusAk rnnaideratione, snd ~4~o in rnnsiderat'an ot tAe ~~~ts sam
named in the promissory ~ote of even date herew~ith hereinaher deacribed, the said Mortgagor doee hereby
gnnt, bugain, xU. aliea. remiee. rele~x, rnnvey and confirm unto the .aid !Nortgagee, Au heiro, aucoeasore and
assigns, aU the ~ertain piece..•. parcel... ~u tract.... ot land, ot which the s~id Mortgagor is now ~ei:ed and
posseesed ~nd in~etual po~session, situate in the County et St. Lucie and State ot Fbrida, dexribed'~e tolbws:
~`~A`"• 0.0769 % undivided interest in fee simple absolute as tenant in corrmon
in,t e certa~n real property described irt the Master Form Deed of Turtle Reef
Condominiums 1, recorded in Official Record Book 263, Page 2002, subject to
. ~ivestment as set forth in said Master Form Deed and upon such divestment an
cnv ~~nterval ownership consisting of Unit Weeks 49 ~ SO in Condominium ~=7 ,
y y
~~on~isting of Apartment Number p_7 , and its undivided share of the
~~o ~,~omnon elements of Turtle Reef Condom~niums 1, as such is described in said
~ o ~,~laster Form Deed. This.is a purchase money mortgage.
A o It ie turther agreed bei~reen the percies to thi~ mortRage that. in addition to the terms ~nd rnndition~ set
ca ~ ~out h
e
r
e
i n, i t s conveyance a hou l
d b e m e
de by t h e M o
r t g s g
o
r o f t h e p
r
e
m i e e a h e
r
e i n d
e
x ri b e d, o
r a
n
y p a r t
"m c~therwt, withos~t fust obuining both the wrritten conaent oi the Aolder hereot, and ao aesumption of ttis
~ l i
g
atioa, in writin g, b y tl~e new p
r
o Q oaed Grantee, then, and in that event, at the option of the ho{der hereoi,
. without notice, sll aua?s of money secured hereby ahaU, immed'utely end concurrently with auch eonveyence, become q'
doe u?d payabk and said Note and Mortgage shell be in deiault. ~
TO HAVE AND TO HOLD tAe +ame. together ~rith sll and singnlar the tenement~, hereditamenta and ap
purtenaace~ thua~nto belonging or in any~vise ~ppertaining and the rrver+ron and revet~ioae, remsu~der ~ad re
maindt~, rents. isaues and pro6ta thereof and al~ aU the eatate. right, titk, intem~t, property, possesaion, claim aed
demand whatsoev~ aa weU in law es in equity oJ the aaid Mwtgagor in end to the sarn~ and every part and
parul thereof unW the said Mortgaqee. and hia heirs, successors ~nd ~asign+, in tee simpk.
Aad said Mortgagor, for himsetf, and hi~ heira, legal repressntatives, suecesaora and assigns, hereby oonvenants
with eaid Mortqagee, hie heirs, kgal repre~entativea, auccessors and assi~?~, that said Mortgagor is indefe~ably
seised oi said land in tee aimple: that the aaid Mortgagor lus tu~ power and lawtul right W convey the same in tee
eimple as ~toresaid: th~t it shaU be lawful for said Mortg~gse, his heire. legsl repreeentatives. ~m~sors and aseigns,
at all times peace~bly end quietly to enter upon, hold, oecupy and enjoy aaid land and every part thereof:
t6at aaid land ie free from all incumbrances; thet ~aid Mortgagor, hia heirs, legal represeetatives, sucaseore and
asai~u, will meke auch further ¦asuranoee W pertect the fee simple title to said land in said Mrotgagee.
!us heirs, kgal reprexntatives, successoro •nd assign~. aa may reasoo~bly bs required: and that said Mortgagor
does hereby tully wsrrant the titk to ~aid land and every put thereof ~nd ~n71 defend t6e aame again~t the
lawful ctaims of all persons whomaoever.
It is uaderatood that each o( the word~. "note". "mortgagor" aad "mortgagee" respcctrvcly ~nd the prawum
I reterring thereto, whether in the sinRuler or plural anywhere in this mortgage, shaU be singular if one only and
` shall be ptunl jointly and aevereUy, it more than one, and ahall be maeculine, feminine andiar neuter, wherever
the eonte:t so impliea or admit~.
And s~id Mortgagor tor himxti and hia heirs, kgal representatives, euecessors and assigna, hereby covenants and
agrees to ~nd with said Mortgsgee, hia legd represent~tives, succsssora and asaigns_
1. To pay all ~nd einRular the principal snd intere~t and the various and ~undry aum~ of money payab{e by .
virtue of said promissory note. ~nd thia mortg~ge, each and every, promptly on the d~ye respectivdy the ~ame
xverally become due.
2. To p~y aU and singulu the tues, assesamente, kvies, liabiltties, obligations and incumbnncea of every
naturo end kind now on aaid dexribed property, and/w that here~ft~r msy be imposed. suffered, plaoed, kvied
or assessed thereupon, andlor that h~reafter may be kvied or ssseased upon this mortgage aad/or tAe indebtedness
eecured hereby, each and every, when d~e and payabk according to la~r, before thay become ddinquen~ and
~ betore any iateroat etteches or any penalty is incurred: snd in so t~r as any thereof is ot reoord the eame swaU be
promptly sati~fied sad discharged of reoord and the original official document Isuch as, f~ iastanoe, t6e ta:
reosipt or t6e astisfeMion paper officiaDy e~orsed or certifiedl slull be pl~aed in tAe hands ot ~aid Matgages
pithin ten d~ys ne:t afur p~ymeat; and in tAe event that any thereot is not so paid. satisfied aed discharged,
said Mortgegee may st any time p~y the ame or any part thereof witl~oat waivieg or atfecting any option.
lien, equity or right under or by virtue ot this mortgage. and t4e full ~mount of e~ch and every auch p~ymeat shall
bs immediately due and p~yabk and shaU bear intereet Erom tbe date thereof unt~ paid ~t the nte of ten per
oenturn per annum and togather witA auch interest shall be secured by the iien of t6is matgage. •
3. To pi~ce snd continuously kesp on the buildings now or hereafter sitwte on said land fire aad windstorm
insunnoe in the usual sundard policy form, in a eum not kss than the amount due hereon, in such compaay
or companies es may be appmved by said Mortgagee: and al! wch inswanoe policies on any ot said bui7dings. ~ny
interest therein or part thereof. in t1?e aggregate ~m aforeaid or in ezoess thereof. ~hall oontain t6e uwul
standard mortgagee ct~use m~king tbe los~ under eaid policies. e~eh and evary. P~Yable to s~id Mortgagee as ~
intere~t may ~ppear. and e~ch and every sucb policy ehaU be promptty delirered to and held by iaid Mortp~ .
aad, not less than ten days in ~dvanoe of che ezpiration of e~ch pol~ey. to ddivsr to uid titatp~ • na~wd
thereot. toget6er with ~ reoajpt tor t6e pr~nium of such renswal: and tl~ars shal~ be no sncb inwt~nos Pi~e~d
00 ~ny ot said building~. any incerest tlbran or put thereot. uniMS in tbs form urd wit6 tM loa p~yabk ai '
Jatewid: and in the svsnt any ~uin oi mooey beoomes p.y.bk under wch polity or polick~ ~nd ~ai~ Matp~
~ ,
- • . r - . _ ? . - qnrP.~v~ 4 ~~1 ~eYfTleflt a TSX~
,
• . ~ + . ~ , . ~ R r O~~p ~n Class '•C•. Intang~ble Psrson8lPropertr.
6'JOK ~AvE P~,.~.~~n~ To Chsptsr 71. 134. Acta O~ 1971. ;
, ; ~ 0 {i ~ ' • - - ~ ROGER POITAASc~/ ~ f
~ Clerk ~itcuit Court, SL luC1t,,, C~s,,, i-L~.
~
~
~ a,.. _ ~ . : - - . _