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HomeMy WebLinkAbout0246 „ „ 3J5~~ ~ l r + , QUILDING D $ ' TH[S MOR7YiAGE DF.F.D. madr ~nd e:ecuced [he 1~_ d~>~ a~ Februar~r 19 ~8 by Geor~e J. Hurtmel and _Vi rgi ni a_ A. __Hummel ,__hi s_wi fe of 370 McKi nl ey, F~ rvi ~w, New Jersey 07022 ~ ~ Mninaher called ths Mortg~gor. whicA term eh~U include the Ae?rr IeRal ropresentative~, euccs~+ors ~nd aqign~ of the wid Mortgaqor w~herever the conte:t so requir~~ or admits. to TURTI.E ftEEF AS.S(~tATE5, INC., Pn. Ro: 61R. Jeneen Beach, Fl. 33~57 hereinafter caUed the Mort~gee. .vhich term aheU include che succe~sors and assigns oi the said Mat~gee w~hereve~ the conte:t ~o r~uirP~ or admits. WITNESSETH: That tor devera ~xd rnd ~•elueAle con~ideration+, and alw in eonaidentiqn ot the ~ggtegate ~um named in the promiaaory nMe of e~rn dnte here+vith i?ereinafter deorribed, the s~id Mottgagor does hereby ~ graat, bugain, se4 a6en, rrmi~e. releax. con.~ev end confirm unto thr ,~~d Nortg~gee. Aia Aeire, autcsssors and aitigns, dl the certain piece. parcel.. or troct of land, ot ~rh~ch the said Mortg~gor is now seized and posieased and inattuai po~~es~i~n. +ituate ~n th~ County ~f St. 1.ucie and Stst~ o( Fbrid~, de~cribed ~s folbws: a A 0.0769 % undivided interest in fee siir~ple absolute as tenant in comnon a m,~in t e certain real property described in the Master Form Deed of iurtle Reef ~ ~^~Condominiums 1, recorded in Offici~l Record 9ook 263, Page 2002, subject to U~ ;;divestment as set forth in said Master Form Deed and upon such divestment an a ~ ~~interval ownership consisting af Unit Weeks 7_and 8 in Condominium D-16 , _n - E ~ o,~consisting of Apartment humber D-16 and its undivided share of the ~~comnon elements of Turtle Reef Condominiums 1, as such is described in said ~ ~ S rMaster Form Deed. This is a purchase money mortgage. $7 y nN . ~ It ie furthr~ agrerd between :he pertiP~ to cAi+ mortRage that. in addition to the terma and conditions set out h~ein, it • conveyance ~houtd be. mude by the MortRsgor of the premi~s Rerein dexribed, or any part ' ` tAbreot. ~rithout first obtaining both the written con~ent of the holda hereoi, snd an a~umptioa of this • oblig~tion, in writing, by the new propoxd Crentee, tAen, end in the! event. ~t the option ot tAe Aolder hereot. 'without notite, all sum~ of money secured hereby +hail, immecfiatel~ anA concurtently with auch tonvey~noe. beeome ~ due aod p~y~bk Rnd said Note •nd MortReRe shall be in ~tefaclt. TO HAVE 4ND TO HOL[) :he Qame. togetner xitA al! and ~ingular the cenement~, he~editamente and ap~ purL~ancea thereunto bebnRing or in en~~w;ce ~eppertsini~R and tre reverv~on •nd rever~ions, nmainder ud rs maindete, rents. isauea ~nd profte th~~~- ' a~d ~iso ell che e~tate. rigfit. title. intercat, property, poaeesaion, elaim and ~ -''.J'} drmand what~oever aa ~rell in law •ity of the said MortRaKn~ end to the same ~nd ev~y part and ~ partel tAereoi unto the said MortReqeP. a~..= he:n. succe~9ors end e~~~.::~. ;n fee aimple. ~ - And said Mortgegor, for Aimself, end a,~ hPir+, ieRa! repre+entat~~•4. ~ucreyu~ro and esaigna, hereby oonvenants t with eaid MortRagee. hie heira, legal rrpr~+~rntat~ces. ~ucce~sor~ and as+iRns, that aaid Mortgagor ie indefeaeibly ~ seized ot naid Iend in iee simpie: thet :he ~aid ~tongeQor ha+ fuU po~rer end laxful right to convey ihe same in fee ~ a simple as~aforesaid: thst it ~hali be lawful tor said !1in~tAaR~e. Ai~ nevs, legal reoreeentatives. euccessors and essign~. 4 ~ Y: at all time~ peaceablp and quietly to enteT upon. hold. occupy and enjop said lsnd and ev~ery part the:'eof: ; that eaid land is fm from ell ince.mbrancea; thet said ~1ortRagor. Aia heu.. legal repreeent~tives. euceessors and ' ; ~ ~ assigns, wrill make such further assurence+ to perlect the (ee ~impk title W said land in said Meotgagee. `'x 1 hia heiro, leg~l reprexntative9, wcces~r+ er.3 a.siRns. e~ may reaeonably be required: and that said Mortg~go~ j ; does hereby fuqy wsrrant the title co sa~d !ar.d and every part thereof end wrill defend the asme againat the i - lawful claim~ o/ sll pPrvo~~ whomaor~•er _ r ~ ~ ~ ,r. It is under~tood that each ot e he ~•orug. "note". "murtqagor" and "mortRaRe+e" reapectively ~nd tbe pro~wuns ' ,y R~ ~ ~ reterring thereto. whethez m the s:nkala: •~r plure) am~where in thi~ mortfLaqe. ~~ell be aingular if one only and ~ ~hall be plural jointly and se.~ere1;.:. more then one. end ~hall be ma~culine, feminine ~nd~or neuter, wherever the conte:c so implivq or a~imitv. ~ ~ _ L And eaid 1lfortgeRor tor hir..+eif nnd hie hev~. ieRa! representatives. ~ucceeeoro and •eeigt?~. l~enby tovenants and agreee W and ~vith sa~d '-IortKa~. h~a legat reprP+encative~. succes~oro and sseiRns- I. To pay ~U and ein¢u!nr the principal and interest and the various ated aundry sum~ ot money psyabk by virtue of said prorru~~ory note. and tAis mortqaRe. each and every, promptly on the days reapectively the eame xverally become due. 2. To pay aU and ~in~ilar the taze~. e~~es9ments. teviea. liabilities. obGgation~ and irtcumbrences of every naturc and Itind naw :,n ~aid dexnbed propect~•, and or thst herealter may be imposed, euftered, placed, ievied or aeseesed thereupnn, and or t::et r.ereaEter may tw 1e~•ied or aeseaxd upon thia mortgsge eadlor the indebtedness secured hereby. e~ch end every, ~vAe~ due and payable eccording to law, betore they become delinquen~ and before ~ny interest sttache~ or any penelty is incurred: and in eo far a~ any thereof is ot recosd the eame sl~all bs promptly satisfied and dixharRed of record and thp oriRinal officie) dor~ment Isuch . as. for instancs, the tu r+eceipt or the satiefaction paper officiaUy endoracd or certifiedl shsll be placed in the hends of eaid Mottgagee within ten daye ne:t •fter paycnent: and in the event that eny thereof is not ~o paid, aati+6ed and disch~tged. . said Mortgegee m~y at any time psy ihe same or any part thereof without aaiving or affecting any option. lien, equity or right under or by ~-irtue ~f thi~ mortRaRe. and the full amount of each end every such payment shal! bs imtnediauly due and payable snd aha0 besr interest trom the date thereof until paid ~t the nte of tes per centurn per annum •nd togeiher with ~uch interest shail be ~ecured by the lien of thi~ tnortgege. 3. To place snd continuouely keep on the building~ now or hereafter situste on eaid ltnd firt and ~vindstorm insurance in the uaual standard poGcy (orm, in a aum not leas than the amount due hereon, in auch ~any or compenies sa may be epproved by ~aid Mortgagee: and all auch rneurance poticiea on any of ~aid buildingt, any iuteresE therein or part thereot. in the eggtegete sum atoreseid or in e=ceas thereof. ~hall rnntain the awal ~tand~rd moKgagee clause malcing the ioar under said po6cie~. each and every, payabk to ~aid Mortgagee as !~L intee~t ta~y appear, snd e~ch ~nd every such policy ~hall be promptly ddivered to and held by said Mataa~c ~nd, not less than ten dsye in edv~nce of the e:piration o[ each poUcy, to deliv~r ta ~aid b[a~tisS'M • tseswv tbereof, together with e receipt for the premium of such reneaal: and there shall be no such inwranos pVo~d oa ~ay ot ~aid buildinge, eny interr.t therein or part thereot, unle~s ie ths form and wit6 ths loa p~yable u a[orssaid: and in the event any eum ot money become~ payable under such policy or ~polici a uid Mo~tg~~ Reeslwd ~ ~ M Payn~en Of Ta~tN ~ Ou~ On Cless .•C•. Intengible PsraonslPrOpKlr~ ~ppK !7 P p~.•.~8nt To Chapter 71. 134. A~Ctt O~ ~71. ROGER P0ITRAS ~ ~ - - C~~ Clrcult Court. St. lucte. C9.,~s. ? _ . _ _ . - _ v..