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HomeMy WebLinkAbout0929 ~ 41899U ~j ~ BUILOING "D" ~ . TH13 MOR7'GAGE DEED, made and a:eeuted the 20tha,y or Sept. , ~9 ~8 by J. Bruce Weaver of 4114 Anderson Rd., Coral Gables, FL. 33146 Mranatter caUed th~ Mort~gor. which te~ sAall ie?eluds t2~e heirs, kgd reprsesntative~. suecessors ~nd usigeu I'7 of ths said Mortgagor whereve? tl~e co~te:t so requires or admits, W TURTLE REEF A3.SOCIATES, INC.. P.O. Bo: 618. Jen~en Heach. FL 3345T hereinatter tallsd~ the Mortgagce, which term shall include the aucceseors and aasign~ of the aaid Mortgaase whersver ths conte:t ~o requires or ~dmita. WITNESSETH: That tor devers good and valuebk considentiona, and alao in conaiderati4n of che aggreg~te eum named in the promias~ry note ot even date he~e.vith hereinaher deecribed, the said Mortgaqor doea hereby grant. bugaia, seU, alieA. eemise. release. oonvey snd confirm unto the ~aid Mortg~gee, hi~ heirs, aueaasore aad assi~s, dl the certaia piece..., parcel.... or tr~ct.... oi land, ot which the said Mortgagor ie now eeized and poassssed and inactu~l possessan, aituate in the County ot St. Lucie end Statr ot Florid~, dexribed sa folM.?~: Uni t Weeks 43 and 44 i n Condomi ni um D-20 consisting of Apartment Number D-20 and its undivided si;~r~ of the comnon elements of Turtle Reef Condominium I, as such is ~described in the Master Form Deecl, recorded in Official Recores 2b3, Page 2002. This is a purchase monPy mortgage. It is fu`th~r agrced between the peniea to thi~ mortgage that, in additan to the term~ snd conditio:u ae: ~Lerein, i( a conveyance shou{d be mede by the Mortg~gor ot tAe premix~ herein deacribed, or any pari t, without first obtaining both the written conxnt of the holder Aereof, snd ~n aasumption of thie 0~11igatioa, in writing. by the new proposed G~antee, then. ~nd in that event. ~t the optaa of the hoMer hereof. fiithatt notice. dl sums of aaney aeeured hereby ahall, immediately and concurrently witA euch conveyance, beoome . aod p~Yable aad said Note and Mortgage ahall be in default. TO HAVE AND TO HOLD the aame. togcther with -~11 and singular the tenemeata, hereditameete and ~p~ ' ti n~~ ~nto bebeging or in ~nywix appertaining ~nd the revtraion end reversione. remainda and re ~~pj~Indars, rents. issues ~nd profits thereot and aL~o aU the eatate. right. titk. interest. Prope*tY. Poseeasioa claim and Y~ ~mand whatsoever as well ia law a~ in equity of the said Mortgagor in end to the same and every part and ;a ~ p~reel thereot unto t6e said Mortgegee, and hia heira. ~ccesaors and asaigns, in fee simple. m a And s:id Mortgagor. for himselt. and hia heirs. kgd representatives. ~ucce~.+ors aad sasigne. hereby convenante ~h said Mortgagee. his Aeir~. legal representative~, succeaeors and as~igna, that said Mortgagor is indefessiblY • seised ot said land in fee aimpk: that the said Mortgagor has tuU powrcr end lawfiil right to convey tl~e same in fee eimpk as aforesaid; that it ~h~U be lawful for said Mortgagee, his l~eirs. legal reprceencatives. succesaors and as~igns. at a$'timee pe~ce~bly and quietly to enter upon. hold. occupy and enjoy aai~ land and every part thueof: --Eii~=6aid 4nd is tree irom all incumbrances: that said Mortgagor. hi~ heire. kBd npresentatives. eucceseo~ and ~ssigns, will enake euch further assuranoes to pertect the fee eimpk title to aaid land 'w eaid Mrotgagee. hia 6eire. kgal represez~tatives. succeseors ~nd aaaigns. a~ may te~eon~bly be cequu'ed: and that said Matgagor does hereby tully warrant the title to naid land and every part thefeof and wiU defend the ume against the ~ I~wdul claims of all persona whomsoever. _ I ~ It ia underatood that each ot the ~rord~. "note". "mortgegor" and "mortgagee" reepectively snd the pronoune ~ referring tAereto, whether in the ~ingutar or ptural sny~vhere in this mortgage, shall be aingular if one onty and i ~Aall be plurd jointly and ~everaUy. it more than one, and shall be masculine. tetninine andlor neuter, wherever the oonte:t so impGes or ~dmits. And said ll~artgagor for himxit ~nd his heirs, kgal representatives, suoce~ors and assigns, hereby covenapta and ~ a~ees to and with asid MortgaRee. his legal represenutives, succes~a and aseiqns: ~ I. To p~y all ~nd ein~iutar the principal and interest and the various ud s~ndry sume of money payabk by ~ virtue of said promissory note, and thie mortgage, each and every, promptly on the daye re~pectivety the same ~ xvetally betorne due. 2. To p~y all and aingulu the t~es. assea~meata, leviee. ~liabilities, obtigation~ and incumbrsnces of every n~ture and kind now on said dexribed property. and/or that hereafter may be imposed. suftered. placed. kvied or ~eseased thereupon, snd/or that heroafter may be levied or. asseseed upon this mortgage andlor the indebtedneas - sscnred hereby, each •nd every, wheo due ~nd p~yabk aceording to laa. before they beoome delinquent, ar_d ; before any intereat attaches or ~ny pendty is incurred: and in eo fu as any thereof is of reoord tl~e eame ehall be ~ promptly eatisfied and discharged of record and the original official document lauc6 es, tor inatanoe, the taz ~ reoefpt or the aetiafaction p~per of~icially endor~ed or certifiedl ahall be placed in the handa of esid Mortgngee wit~ia ten days ne:t aker payment: and in the event thet eny thereot ia not so paid. satiafied snd dixlur~ed. t aaid Mortgagee may at any tuee p~y the eame or any p~rt thereof witbaut waiving or affecting any option. lien, equity or right under or by virtue of this mortgege. and the full amoant of e~ch and every auch payment shsll - bs imined'utely due and p~yabk aad ehall bear intereat trom the date thereuf until paid at the nte of ten per ~ o~wrn per annum and togatber with auch intenst shall be ~ec.vred by the lien of this mortgage• ~ ~ 3. To place end continuously keep on the bui3dings no~v or heraftef aitwte on ssid lend fire and wrindswr*n inaunnce in the ueusl atandard policy form, in a sum not iess than the amount due hereon, in ~uch oompany or companies sa ~may be approved by said Mortgagee: and dl ench insurance policiee on any of said buildings. any ~ interest therein or part theroof, in the eggregste sum eforea~id or in e:cess thereof. ~haU oontain the uwd ~ st~ndard mortgagee clause making the los~ under ~aid policies. e~ch aad every. p~Yable w ssid Mortgagee as his interert m~y appe~r. and e~c6 aad eyery such policy sball be pmmptly deliverod to and held by said Mortgags~ ~ ud, not kss than ten day~ in advance oE the e:pbntion ot e~ch polky. to deliv~r W seid Ma~tB~~ss a r"°~wv t6eneot. together with • receipt tor the premium ot sueh renewd: and LMee slull be no saeh Insurance pl~osd ~ on ~ny of said buildinga. any interest therein or part thereof. nnle~s in t6s torm and witb tM loes p~y~bk ae aforeMid: and in the eveat ~ny sum of moaey bscomes p~yable under a~~r Po ~ MO ~T~~ ~ ~ Ou~ On CNM "C" i ~W1~i~lwaoiMilPlnOp~Nl. ~ 3vRr F~~c runuant To CMp~ 7t.134. 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