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HomeMy WebLinkAbout0246 ' BUILDING "D" ~16~,~6 THI3 MORTGAGE DEED, made snd e:ecuced tAe 23r_da.r of AU9• , 19 by W. Worth Coooer and Mar,~.~i Cooper, his wife of 9825 SW 63rd Ct., Miami, FL. 33156 l~eina(te~r called tA~ Mortgaew, which term sA~ll include the Aeirs. k~l e~eprossntatives, euctsseors and usigns ot the said MoKgasor w~Aerover the coote:t so tequires or ~dmita, W TURTLE REEF AS,SOCIATE3, 1NC.. P.O. Bo: 61R, Jensee Be~ch, F[. 33~57 hareinatter caUed the Mortgagee, which term ehall include the ~ucce~sors and aeaign~ ot the said Mort~ges wherever the conte:t ~o requires or ~dmita. WITNESSETH: 71tat tor devers good and valusbk considerations, snd •lao in conaiderati4n ot the egqre~te etm ~ ~ ~ ~ ~ named in the Qromiseory note of even date Aere~vith hereinattrr dexribed, tl~e aaid Mortgagor doea hernay e grant, bugain, sell, ~lien, remise, rekax. convey and confirm unto the ~aid Matgagee, his hei», ~uccessoro a~~d s all the certaia 1 or treet.... ot land, ot which the s~id Mort e ° ~ ~saign • piecs•••. parce g gor ia now xir.ed and c o~~ posaeesed and inactual posx~sion. aituate in thP County ot St. l.ucir and Stat~ 0/ Fbrids, de.+criMH at ~n~t~x.- ~ c ~ ti ~ Uni t Weeks 37 and 38 i ~i Condomi ni um D-17 - ~ o - - - - - N ~ ~ consisting of Apartment Number D-17 and its urtdivided _ ~ . a a- - ~ ~r of the comnon elements of Turtle Reef Condominium I, as such ~ 'n he Master Form Deed re~orded in Official Reco~_` descr~bed i t , ~ ~ `"263;. Page 2002. This is a purchase money mortgage. ~ It is turther agreed between the partie~ to this mortRage that, in nddition to the terms s;d con^itic~~ ~ ~ ' out bprein, it • conveyance ehould be msde by the Mortgagor of the premi~es herein described. or aav tAereaf, writhout firat obtaining both the written consent of tlie holdar hereot, and en. as~umption o: :;~s , lA~lobli~'tion, in writing, by the ne~r proposed Grantee, then, and in that event, at the option ot the hoMer he:ent. ~ gwitAg~t notice. ~Il aums ot awney secured hereby ahall, immediately end ooncurrently ~rith auch rnnveyance, bec~r.~e , i. ~ du~~ad pqabk aud uid Note and Mortqage shall be in default. TO • - : • o` ~ ~LD HI~VE AND TO HOLD the ssme, together .aith all and aingular the tenements, hueditaments and a¢ a o puf~#enances thereunto bebnging or in anywix appert~ining ~nd the reversan end reversionp, rrmainder snd re~ ~ ~~m~mdecs. rbats. issues and profits ihereof and alao al! the eat~te. right. titk, interest. PropertY. posaession. claiin end q < deea~fd wbatsoever sa weU in ?aw as in equity of the said Mortgagor in and to the same and every part and ' ~ ~ parcei, the»of unto t6e uia MertRaqee, and his heiro, aucct~~ore and esaign+. in tee ~impk. n p~ l~d s~id Mortgagor, tor himself, and hi~ he'v~, kgal repressntative~. ~ucceaaora and saaigns, Aereby convenants ~ with c~aid Mortgagee. Ris heir~. {egal reprexntative~, sueeesaors and a~signa, that said Mortgegor ia indefe~sibly seise~of eaid land in tee aimpk: that the aaid Mortgagor hss full power end lawfiil right to convey the same in fee simpk aa •toresaid: that it shall be Iewriul [ot eaid MortRagee, hie heirs, kgel representativta, succe~sors and auiqr:s, ~ ~ ~t all times pe~ceably and quietly to entet upon, hold, occupy ~nd enjoy ~aid land and every pert therc+c~f: ~ Nat said land is free from aU iucumbrencss: th~t said Mortg~gor, his heirs, legd ~epreeentatives, succeseoro and aasigns, will auke sucA further assunnoes to perfect the fee ~impk title to eaid land in eaid Mrotgagee, ~ his he'us, legal representatives. ~ucceseora and aaaigna, a~ may reasonabiy be required: and thet ~aid Mortgaqo- c ! does hereby tully ~rsrrsnt the titk w eaid land end every part thereof end will defend the ~ame aRainat ttw ~ lawf~l claims of all per~ona whomsoever. ~ ~ It is underetood that each of the word~. "note", "mortgagor" and "awrtgagee" respectively end the •pronoune : referring thereW, whether in tfie singular or plurs! any.vhere. in thi~ mortqsge, ~haU be singuler if one onty and i ~ shall be plurd jointty and xvereUy. if more than one, and ahall be m~scaline, feminine and~or neuter. wherever ~ the ooate:t so imp6es or edmita. 4 And said Matgagor for himxlf and hia heiro, kgal represent~tives, suoeeesors and assigne, hereby covenanta and ' ~ agrees to ~nd wit6 aaid MortgaRee. his le~l reprexntative~. successor~ and aeeigne: _ ~ ~ ~ I. To pay ~0 ~nd singular the principal and intereat and the verioua and ~ndry auma of money pay~bk by ~ virtue of ~aid romie note. and thia mort each end ev m on the da e ree tivet the aame : ~ P ~Y B~l~. a3'. ~ PuY Y PK Y xverally become due. . : ~ ~ 2. To p~y all and singu4r the tues. aseeaamenta, kvies. liabilities, obligatione add incumbrances oi every ' ~ nature and Icind now on said dexribed property. snd'or that here~ft,~r may be imposed. euffered. placed. kvied , = or aexesed thereupon, snd~or that hereafter may be levied or assesxd upon thi~ awrtgage and;or t~.e indebtednesa ~ r`. ~ secured hereby. each and every, when due and psyabk according to law, before they become detinQuent. ?~d , i- _ before any interest attaches or ~ny penalty is incurred: snd in sb far a~ aay thereot ie of record the eame ara;l bc . ~ promptly a~tisfied and discharged of record and the oriqinal official dacumtnt I~uch ae, tor ir.•t.anrx. tne u.s s receipt or the satisfaction p~per ofCicially ~endorsed or certifiedl ehell be placed in the h~nd~ of sa;d Sto.?th• ~e ~ within teo d~ye ne:t after p~yment: end in the event that any thereof i~ not so paid, eatisfied aad dixherged. ' said Mortgagee m~y at any time pey the eame or ~ny pert thereof without waiving or atfecti~g cny op*_i • Lien, equity or right, under or by virtue ot thi~ mortgege. and the full ~mount of e~cA ~nd every such pay~nent a~~ii . ' bs immediately due •nd payabk and ehall bear interest irom the date thereof antil paid d the ratz of ter. Fer ; centurn per annum and together with auch interest ehell be secured by the lien ot thia mortgage. ~ 3. To place and continuously {ceep on the buildings now or herewfter aituate on s~id lend fire and windst.nnn insurance in the uau~l standard po6cy torm, in a aum not kas than the ama~nt due hereon, in such comp;.n~ or compenies ~a may be approved by eaid Mortgagee: aod all euch insurance policies on any of said buiTdinge, eay ~ :;1 intereat therein or part thereof, in the aggregete ~um sforeaaid or in e:ceaa thereof, shaq contain the usual - stand~rd mortgagee tlause making tl?e losr undet ~aid poiicies, each and every, p~yeble to :~aid Mortgagee aa his interest may appear. and e~ch ~nd every euch policy shall be promptly detivered W and held by said Mor,qa~r: and, not kss than tea day~ in ~dvance ot che e:p'vation oi e~ch policy, to deliv~r to said Mortgagee a reee-c~ thereot, together with a receipc for the premium of eueh renewal: and there shall be no euch inaura :ce pir on any ot aaid buildings. ~ny intere~t th~ein or part thereof. unless in tbe tor~n ~nd ~ritb the {o~+ paye~~r ~ •toresaid: ~nd in tfie event aay sum ot mooey beoomes p~y~ble under such policy or policies and said Mo~ ~ ; . ~ ~ ~ 3CCr ~g4 P~~E 2 - - - _ - F - ' _.,3 b 5y~. ~'~a^~~c+,~-s.~s~.T*-.,..f'S:tz°i%9"~-n'~s.-.3~'s,.; ~'..?vFv'~T's~~~~"r~C.*