HomeMy WebLinkAbout0996 BUILDING "0" ~~'d~ ~ ~
TH13 MOR1'GAGE DE~D, mads ~nd e:ecuted the day at February 19 78
~ by MM. NIC~iAiL N6~TH6RCUT ~tID GIARIA L. NZRiS _
S18 Cr~~. ~l~p~.~ Mieh. i8S03 AND 5010 StoeMy Cr~~k~ N.N.~ Co~atod~ Puk, Mi 493Z1
l~teia~ttw taped tM Mortpaor. wdich term ~baU includs tM Freirs. kg~l np~e~satatlve~. ~uoawor~ and wlsaa
ot tl~s eajd Mortg~ Rl~ever tbe conte:t so requires or admits,
to TUATI.S REEF A3.40C1ATE3. 1NC.. P.O. Bos 618, Jensen Be~ch. FI. 33457
heceinattar caUed~ the Mortgagee, wrhich term ahaU include the suceessors and a~signs ot ths
stid Mortgages wherever ths conte:t ~o rnquires a~dmits.
WITNESSETH: That for devers good ~nd ~•aluabk rnnsider~tions. ~nd ~Iso in oonsideration ot the aggregate sum
named in the pro~aissory eu~te ot even date herewith hereinatter described, the said Mortgagor does l~ebr
graat, bugain, seU, ~liaa, remix, release, convey and confirm unto the aaid Mottgages, his heirs, suceessors and
~ssigns, aU the certain piece..., panel.... or tract.... of 4nd, ot which tl~e eaid Moctg~gor is now ~eized and
posseesed ~nd inactual po~.+easion, aitwte in the County ot St. Lucie and State ot Florida, desaibed as follow~
A 0.0769 ~ 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 and upon such divestment an
interval ownership consisting of Unit Weeks 12 and 13 in Condominium ~-Z3 ,
consisting of Apartment Number D-13 , and its undivided share of the ~
cortmon elements of Turtle Reef Condominiums 1, as•such is described in said
, . Master Form Deed. This is a purchase money mQrtgage.
lt is further ~g[eed between the pertie~ to thia mortgage that, in addition to the terms and oonditiooe set
out 6~ein, if s conveyance ehould be msde by the Mortgagor ot the premises henin dexribed, or ~ny part
c~ thereot, witbout first obt~ining both the written rnnsent of the holder hereot, and an aasumption of this ~
~ m~ obligation. in writing. by the new proposed Gnntes. then, and in that event. ~t the option of the IwWer hereot.
~<r witho~t notiee. all sum~ oi money seeured heteby ahall. immediately and ooncurrently with such ooaveyance. became
~ ~ dne and p~yabk and said Note and Mortgage ahall be in default.
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tn TO HAVE AND TO HOLD the same, together wnth all and sing~lar the t~ements, hereditameats and aP
> purtenanees tl~nto babnging or ia anywix appertaining and the reversion and rev~sioni. reeaainde~ aad rs~
G~ mvade~s. reats. issues and profits thereof and elso all the estate. rigl~t. titk. interest. P~Y. P~~. ctaita and
L~ dern~nd whataoever as well in law as in equity of the ~aid Matg~gor in and to t6e same ~nd every part and
parcd thereot unto the said Mortgsgee, and his heus, suceeseors and aa~ign~, in tee aimpie.
~ ~ N And said Mortgagor. tor himself. and his heiro. lega! reprosentatives, eucc~ssors ~nd ~ssigns. 6areby oooveoants
L wit6 aaid Mortgagee. his heir~. legal rePresentetivee. encoessoro and assigns, that said Mortgag~or is indefe~sibly
seised of said land in tee aimpl~ that the eaid Mortgag~or hae full powef sad lawful riaht to convey tbe s~me in fee
aimpie as aforeeaid: t6at it aha~ be lawtul for said Mortgagee. his heirs. legal repreeentativss, enccessors and usigns,
at all times pe~ceably end quietly to enter upoa. 6old. oecupy and ~joy said laad and every part thereof:
that s~id land ia tree from aU incumbrances: that ssid Mortgagor. his heirs, legat representatives, suooessors and
ai~igns, will make auch turther ~asuranas to pertect the fee simpk title W said land in seid Mrotgagee,
his beira. leg~l representatives, suecessor~ and aaaigns. ~e msy re~sonaWy bs required: ~nd that said Martgagor
does hereby fully warraat the titk to said land and every part theroof ~nd w~71 defend the same against the
lawful claime of dl peraona whom~oever_ ' -
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i It is, uaderatood that each of the word~. "note... ..mortgagor" and "mortgagee.. respectivdy and ths pronouas
~ reterring t6ereW, w6ether in the ~ingular or plu~al anywhere in tlus mortgage, shall be singular if one only and
! shaU be plunl jointly and sevenUy, it more than one. and shall be ~n~sculine. feminine and/or neuter. wherever
; the oont~t so impliea or admits. .
I
~ Aad said Mortgagor for himself and his hars. bgal represeetatives. s~ocessors and asrigns. heceby toveaants aod _
agrees to and with said MortgaRee. hia kgd represenutives, succeasors and assigns:
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~ 1. To pay all and aingular the princip~l and interest ~nd the varioaa and sundry sume ot money payab{e by , ~'z
~ virtue of eaid promiesory note, and this mortgage, e~ch and every. promptly on the daya reapectivdy the same - tn
eevenlly beoome due. _ ' °
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2. To p~y all and singnlu the tuea, assessmente, levies, liab~7itiee, obligations and incumbrancea oi every ~ i
nature and lcind now on ~aid dexr'bed property. and/or t6at heeeafter may be imposed. ~Hered, plaeed, ievied t t? i~
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~ secured 6ereby. each and every. whea due and p~yabk aceording to l~w. before t6ey baoome definqnent, and ,
~ be[oro any intenst attaehes or any peoalty is incurrod: and "m so f~r ~s any thereof is ot reoord the ~ams sh~ll be ~f i
promptly aatist~ed aad discharged of reoord and the original offici~l document Isucb as, for itwi~noe, the tas ,
~ roosipt or the satinfattan p~per of6cia11y endor~ed or certifi~dl shall be placed in the hands of said Mart~ages
~ wit6in ten d,ys ne:t after p~~nnent: and in the event that any tt~ereof ia not eo paid, saWfied and di~cl~reed, _
~ s~id Mortgagee m~q ~t any time p~y the eame or aay psrt thereof witl~out waiving or affecting any option,
~ tieo, eqnity or right unda or by viKue of this mortgage. and tbe (uU amount of e~ch and every suc6 p~ymeat shdl ~
~ ~ bs immediatelq due and p~y~bk and ehaU be~r interest from the date thereof untll paid at the rate ot teo per t; l, ~
_ / canturn pet annum a n
d t
o~
a
t
b e r wit h suc 6 inter~st s h a ll b e s e c u r
e d by t b
e l i~ o
f t l d s mortgage. '
r P ry
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3. To placs and oontinuonsly keep on tbe M~ildings now or 6sre~fter situate on said land fva and windrtorm
^ insnranos iu t6e nsud standard policy form. in a sum not leas tban tbe ~maant due 6ereon. in ~ch oos~ny
o? oompanies ~s may be approved by said Mortga~ee: and ~11 wch insuranoe poliaes on ~ny at sajd bu~dinga, any
z inter+est thenin or part tbereot. in t6e aggregate eum etores~id or in eiosss t6ereof. shall oont~in tLe uswl i
~ atandard nwrtgaaee clause m~king the lose under s~id policie~. e~cb ~nd everp. P~y~bk to eatd Mortgsges u hb
~ intere~t may appe~r. and e~e6 ~nd every wch poliey shaU bs pnomptl~ dslivered to and beld by aid Moryssa~c .
~nd. not lsas tb~n ten days in adv~noe of ths azpiratioa of ~eh polie~. to ddiwr to wid Nortp~ • r~w~l
~ tl~ersot. togethar with a reo~pt [or tbe preminm oi such ranew~l: ~nd tbeee shall b~ ao svch Inw~rmos pi~ad
~ on ~nr ot sa~d baild;ngs. any interest tLerein or part tbereot. unkN in t6~ torm and witb th~ ba pay~bis u '
~ doree~id: ~nd in the eveot ~ny ~um ot polky or policiM and aid Ma~tp~
~ moosy b~eoms~ payabls nndrr wuh
~ ~.o.w.e • •~'3 w, ~rr,~,.~K a T.~
~ ~ R- a,s a, c:a.a ~c~• inan~ie~.'w,~onw ~q,
~ B o~K Pl~cF ~ ~u?warn To C1wp1~r 71. 1 u. /?e1~ a
~ AOOEN ~011'AA.3
CN~ Cle~o~lt t~{,.~. ~MOi~ Gor. ~
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