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Home My WebLink About0222 1~1~ BUILDING "D" ~~59~0 ~ ~ ~a~ z ~ • 1 TH1S MORTGAGE DEED, made and e:ecuted tAe ~thday ot February 1~ 78 by Louis J. Schorsch and Margaret A. Schorsch, his wife of 6326 N. Knox Ave., Chicaqo, I11. 60646 b~ninattK callsd tM Mortsa~, which term sAaU include th~ heirs, kgal repie~e~tative~, tuoc~on ~nd wiseit of tM ~aid MoKgasor wherevs~ tl~e conte:t w requiree or ~dmits. to TUBTLE REEF AS.gOC1ATE3, INC., PO. Ao: 618, Jensen Beach, FL 33s57 Meeinatter uUsd' the Mortgagee, which term shaU intiude the auccesson aad a~aiReu ot tM said Mortgsaee wherever the conte:t so requires or admits. ~ e WITNESSETH: That for dever~ R«~d and vslu~Ale consideruioae, and elao in oonsideratiQn of ths ~eg~te n~m named tn the promiasoty note ot even date herewrith hereinafte~ dexribed, the said Mottgagoe doe~ l~br srtnk pugain, seQ alien, remise, rele~se, coovey ~nd confirm unto the ~aid Mortg~gw, his hars, suoo~s~ors aad ~iti~as.: ~11 tAe cwtain pisce.... parcel.... or tr~et.... of 4nd. ot which tt?e eaid Mottgaaor u eaw ~eised and posss~a~d ~nd i~attu~l poax~sion. ,ituete in the County ef St. Lucie and State oi Florid~, deseribed ~s followx A~ % undivided interest in fee simple absolute as tenant in common in t e certain real property described in the Master Form Deed of Turtle Reef ~ ~ ~ Co~dominiums 1, recorded in Official Record Book 263, Page 2002, subject to • o ~estment as set forth in said Master Form Deed and upon such divestment an ~ a° erval ownership consisting of Unit Weeks 5,6,7,8 in Condominium D-21 , . :~o cn~ ~ .;A ~sisting of Apartment Number _ , and its undivided share of the ~mon elements of Turtle Reef ~ondominiums 1, as such is described in said ;m M~t~r Form Deed. This is a purchase money mortgage. W , K It -is (urther ~greed between the parties to thi~ rnortgage that. in addition to the terms ~nd conditions sst out l~~rein, it a rnnveyanee should be mede by the Mortgagor ot the premissa he~in described, or ~ny p~rt thereof, withont first obuining both the ~rritten consent of the holdar hereot, and aa asaumption of tAu oWi~ation, in writing, by the new propo~ed Grantee, tAen. ~nd in that event, at the optan of ths lalder hsreot. witbout notice, a!! sums ot money ~ecund hereby ahell, immediately snd concurrently writh euch oonveyanee, beooms due aod p~yabk ~nd said Note and Mortgage aAall be in defsult. 'tb HAVE AND TO HOLD the +ame. together- w~ith aU and aingular the tenement~, hereditameats and purteaances tbereuato bebnging or in enyw~ix ~ppertaining and the rever+an and reveraions, rem~inder and rs ~ m~indKS, ronta, issues and profita ther«.! and slso tU the est~te, tight, titk. interest, property, po~session. tlaun ~nd demu~d whatsoever as well in ls~v e.~ m~,uity ot the eaid Mortgagor in end to tl~e aame and every paK aad parcd thereof unto th~ said MortgaRee, and h:s heirs, successors and assifin~, in tee ~imple. And a~id Mortgagor, tor himeelf, and his heira, kgd repressntativea. +uccea~s and usisns, hersby aonvananta with s~id Mortgagee.- Aie he"vs, legal representative~. aucceesore and a~signs, that said Mortg~ot is indefeasibly seised ot saed land in fee aimpM: that the eaid !Nortg~gor hss tull power and le~rtul right to coavey the wne in fee simple aa ~tor~eaid: that it shaU be law~ful for ~aid Mortgeqee, his heir~, kg~l representatives, suceeasors and atagnr. ~t dl times peace~bly and quietly to enter upon. hold. occapy aed enjoy ~id land ~nd every p~rt theesof: tl~at said land is free hom all incumbronces: th~t said Mortg~gor, hi~ heirs, legal representatives, suocessors ~nd assigns, will make euch further es~uranoes to pertect the fee eimpk title to said land in s~id Mrotgaaes. 6is beirs. kg~1 reprexntativea. succe~swa and ss~igns. a~ rtuy nasonabiy be required: and tAat e~id Moctgrgot j does Aereby tuUy warrent the titk to ssid land and cvery part thereof and ~rill defend the aame against the i lawful claims of eq per~ons w+hom~oever. ~ It i~ understood that each of the word~. "note". "mortgegor" end "mortgagee" respectively and ths pronouns reterring thereto, ~rhether in the sinRuler or plurel anywhere in this mortqsge. ~hall be singular if one only and ~hall be plurd jointly and severellv. i( more thsn one, and ahall be mascvline. feminine aadlor aeuter, wt~ever the coate:t so implie~ or sdmit~. Aad said Mortgagor (or himxlt •nd hi~ heirs, kgal rcpresent~tives, auoeeesors ~nd assigns, Aereby ooveaants ~ad ~ ~greea to ~nd with said Mort~aRee, hi~ {egal repre~nt~tive~. ~nccee~ors ~nd aesigns: 1. To pay ~ll and ainRuler the principal snd interest snd tha vsrious and sundry eume ot money p~yable by virtue of aaid promie~ory note. and thi~ mortgage, e~ch end every, promptly on the d~ys respectively the same sevetatly become due. . ~ 2. To p~y all and eingular the t~ee, sasesamenta, levies, liabilities, obligation~ ~nd incumbnnces of every nature and icind no~v on said dexribed property, endlor that here~fter msy be itnpoied, suffered, placed, bvisd ~ or ~esessed thcreupon, and~or that herafter may be levied or aesessed upon this mortgage ~nd/or the indebtednsss secured beteby. each and every, when due and psysble ~ccording co law, before they beoome delinqueat, and ~ befors any interest attaches or any penalty is incurred: and in ~o f~r as sny thereof is ot record tbe ~ame sh~ll bs ~ promptly satisfied and -dixharged of record and the original otCcial docvment Isuch ss, tor iartanoe, the tu rsc~ipt or t6e satisfeetion p~per otficully endorxd or certifiedl shall be p4eed in the hands oi ~ajd Martsa~ss ~ within ten days ne:t •fter p~yment: end in the eveni that any thereot ia not so p~id. wtisfied and discharaed. ~ said Mortgagee may ~t ~ny time pay. the same or ~ny p~rt thereot without waiving or atteeting aey option. ~ lien, equity or rigfit under or by virtue ot this mortgage, and the fuU amount oE e~ch and every auch p~yment ~h~D b~ immediately dae ~nd p~y~bk and ahall besr interest from the date tl~er+eoi until paid at the nte of tea par oenturn per ~nnum ~nd together with euch interest shall be secured by the liea of this mortgaae. 3. To pbce •nd continuouely kesp on the buildings aow or hereeft~er situate on eaid land fire ~nd wind~ta~m ~ inaurance in the uswl standard policy fam, in a eum not kss than the amount due hereon. in eucA oom~ny ~ or eompanies as may be approved by said Mortgagee: ~nd ~11 euch insur~noe_ poliaes on any ot wd bu~dL?~. any ~ interest therein or part thereot. in the aggregste sum aforesaid or in uoe~s thereot. ~hall oontain t6e uwal ~tandard mortgaaee claux malcieg the los~ under said policiea, e~ch and every, p~y~bk to said Mortgages as ~ ~ iat~eee~t m~y appear. and e~ch ~nd ev~ry such policy shall be pranptly delivered to urd beld by ~aid b[ortp~c ~ ~nd. not kss than ten days in ~dvaaee ot the szp'v~tion oi e~eh policy. to ddiwr to ~aid Mertp~ a ere~wd ~ tbereof, togethe~ with a roceipt tor the premiam of such renewal: and th~s shaD b~ no ax~ i~nao~ P1~e~d ~ on any ot ~aid building~. any interest therein or part tl~sreof. uak~t in t!r tonn and with tb~ lw~ p~y~bM u ~ doreNid: u~d ie the evsnt any ~um of mooey beoomes p~Yabls under wch policy or polieia and Mortaa~ Rec~lwd • In Peym~nt Of Taxes ~ ~ . , i~-• - ~ ~ ~ ' ' . . 0 R Q Oue On Class'•C••'~nW~pibNP~wnsiPropsrty. ; BOOK ~V~ PACE pu?suam To Chapter 71,134, Asts 1g71, ~ . . . ~ : 3. ~ o - R~ER ~ Cie?k Grcuit Court, l~ae. 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