HomeMy WebLinkAbout0984 ~
~ BUILDING "C" 1~19n2~ ~ ~
,
THIS MOATGAGE OEBD, made ~nd e:~cuNd th~ ~_d~y ot Seatember ~ 19 78
6y Marian M. Kendal l of 1460 N. W. 181st St. , Miami , Fl . 33169
Mreinafter eallll~ed W~ Mortaagor. wRich term shaU ineluds th~ 6eir~, kaa! eqx~watativss. ~ucowor~ and
oi tM eaid Mortg~gor wAarsver the oontext so raqutre~ a admita, ~
to TURTL~ REEF ASSOCIA7'E3, INC., P.O. Bo: 618. Jenx~ Be~ch, FL 33459 /~O
beceiiuR~ caUd'ths Mortgagee. which eerm ~hall inctude th~ ~ ~J
said Mortgage~ whemvsr t!?s conteat so rrquire~s ot admits. ot th~ ~
WITNES3ETH: 1~t tor deveh good and valuabk oonsideration~, aad also in ooeuideration ot tl~s ag~regaq wa~
named in ths proeaisaory note of even date he~ewrith bereinaher deutt'bed, the s~id Moetsag~or dob beteby
S'ran~ bu8ain. ~4 alien. remi~e, rde~se~, oonvey and eonC~rm unW the said MoKgage~, hi~ hsirs„ ~uooeMOrs aad
~ssiga0. all the certaw piece.... parcel.... or tract.... ot land. ot whict~ the said Mort~gor i~ aow ~eisd aad
poa~es~ed and ia~ctu~l pos~e.ssion, aituate ii? the County ot S~ Lucie ~nd State ot Fbcid~. desen'bsd u tollow~
Unit Weeks 47• 48 in~Condominium C'12 consisting of
Apartment Number C-12 , and its undivided share of the connwn
elements of Turtle Reef Condominiums 1 as such is described in the amended
~laster Form Deed as recorded in O.R. Book 256, Page 235. • ~
. ~ 7his is a purchase money mortgage.
IE is turiher ~greed betweea the parties to thie mortgage that, in additiou to tbe terrna and oonditioos set
~ out hstein, it a conveyance ahould be made by ths Mortgagor of the premiaes Aerein deeat'bsd, or any p~et
t6ereot. without first obtaining both the ~rritten eons~nt eE t~e lwlder Mreof, and aa aasumption ot tlu~
~ obligation, ia writing. ~by the neMr propo~sd Grantes. tben, ~nd in that eveat, at t6e option ot tM hoW~r berecf, ~
~ N withont notica aD aum~ of money secured hereby sball. iaunediatel~? and ooncnrrendy with sueh oonv~a~rance. beooao~
_-y ~ dn~ and piyebb and said Note and Mortg~gs ahall bs in dsfaul~
~
- TO HAVE AND TO HOLD the sams, togethe~ with aii and singuLr the teasm~nW, beeedetamwq and a~
~ ~n ~ th~nto bebngeng or in anywix appertaining and the reversion and reversioas, remaindv ~nd re~
. < l maioda~s. reat~. issues and pcofits thereof and alao aU ths eatata. ti8!?t. title. iatere~t, property. pwxssion, claiin and
_ demand whataosver ~a well in law aa in equity ot t6s said Mortgagor in and to the same aad every part and
psrod t6erso[ unW the aaid Mortgagee, ar~d hia heirs, suece~soes and aasigas, in fee aimpl~.
; i And said Mortgsgor. tor bimaelf. and his heirs. 1e8n1 r*Pres~ntativa. suooe~aors and ~saigns, b~rrby eonvsaant~
zr; wpth said Mortgages, hi~ heirs. legal rcpreaeutative~. auoce~on aud as+igm, t6at said Moctgagor . is indateaa~bly
~ized of ~aid land in fee simp[e: that the a~id Mortgagor has fiili powec and Taw[nl right to coavey tM same iew fee ~
pis ~a aforesaid; that it ahall be lawful for eaid Mortgag~e, his hare, 1ega1 reprasentatives, sooceseora ~nd ass~gns,
~all time~ peaceably and quietly to enter npon, hold. oceupy and enjoy ~aid land and every p~rt tAere~f:
t said laud is free irom all incumbranoex that said Mortgago~, tiu heirs, kgal re~ressntatives, ~u~on and
ae~igna, will mslce auch turther as~uraaoe~ W perfect the fee simpie titk to said land in eaid MrotgageR
his beirs. tegsl reprexntstivea. auccessor~ and a~igna. as znaY reasonablp bs required: and that said Mortgagcx
doe~ hereby fully warrant the title to said land and every part the:eof and w~l deEead the ~me again~t the
lswhil claim~ ot all pereoa~ whom~oever. "
It ia uaderatood thst eac6 ot the word~, ••note". "moKg~gor" and ••mortg~gee•• reapectiveiy and th~ pron~ns ~ -
referring thereW, whether in the ~ingular or plural seywhers in thie mortgage, shaU be aingulat it ons only end
~hall be phtral jointly and severaUy. if aare than one. ~nd ehall be inasculine, Een~iniae ~ad/or ~nter. wt~araver
ths oonte:t so impGes o~ adcnita. - ~
And said Martg~got tor 6imself and his heirs. Ie8a1 teP~swabtivs~. w~oos~sars and assigus. hersbp oovenaata and
agrees to end with said Mort8a8'es. lw l~a! *'ePresent~tires. auocee~ors aad a~signs: -
1. To pay ell rnd singular the principal aed inter+est and ths various and sundry aums ot monep payabls bp ,
virtue of said promis~ory note, and thia mortgags, each and every. procnptiy oa tbe days respectIvdy the s~a~
seversUy beoome due. ~
2. To pay aU and eingulsr the t~e~, aexs~ments, levies, Wb~ities, obligations and incumbnnce~ of avery
i wture and kind now on said dexribed property, aad/or that habafter may bs impoeed, wfiered, placed, levied
~ a` or aaseesed thereupon, end/or that ~ereafter may be levied or e~aessed upon tlus mortgags end/or ths indebtedneu
g~ iseeured hereby, esch and every, when due and payeble according to law, before they bsooms delinqt~ent, and
~~~~before aay iaterest attachea or any penalty ie incurred: and in eo t~r as ~ny thereot is of record t6s sams shall bs
~ ~promptly eati~fied snd dixharg~ed of record and the originai official documeat lauch as, to~ inetanoe~, the taz
~ eeoeipt or t6e sati~faction paper of6cially endor~d or urtifiedl sluD be plaosd in t6e hands o[ said Mortg~gea
~ rnthin te~ days ne:t after payenent; and in ths eveat th~t sny t6ereot is not so paid, eatiafied and dixharged,
~ . ~ said Mortgagee mey at ~ny t~me pay ths sa~ne or any part thereof witl~ont waiving or affectin8 ~Y ~d.
~ j~ lien. equity or right under or by virtue of this mortgage, +tnd tha fuit amarat of escL and ever~ suc6 payment aball
~ bs immediately doe end payabls ~Rd shall bear jnterest from ths date tl~eof unt~ paid at ths rate of ten pef
j~ ~ oeaturn per annum and together ~rith such interest ~hall be eecared by? the tien of this mortgaga
~ ~
3. To p4ce ~ed continuouely keep on ths bw7dings now or heneafter atuate on aaid Vnd fire and wind~tor~
~ inauranoe in the usuel atendard po~icy form, in • sum aot less than the amount due Asreoa, in sueb oompany
~ or oompanies as msy be approved by said Matg~ges; and all such insurnnce pohcies on ~oy ot said bwldings. ~ny
wtsrest therein or part thereof, in the aggregate sam sfore~aid or in ezees~ _thereot, ahaU oontain t6s usual
Q ~ ~tandard mortgages clsuee malcing the loa~ under said poGcies. e~ch a~ every. psY~bls to said Mortgages u DL
intuest may appear. tnd e~th and every euch polity sball bs p:o~nptlp ddiveesd to ~nd held bqr aaid Matga~ ~
~nd, not less than ten days in adv~nce of tbe e:piration oi eneb policy. to deUvR to said Mortp~ a e~orwd
thersot. together with • receipt tor the premium of wch renswd; and thero ~h~ll bs no suc6 f~uurancs piaad
on aor ot srid buildings, aoy intsrsst tb~rein or part thec+aof, unlea in tb~ form and wii6 tb~ bas payabls u '
aforsNid: and ia ths evant anr sum of mowr becom~s p~y~bb nndK acb polie~ or policiai Rnd ~aid Mort~agw
~ ~ ~
.~t ~ y~ ~ ~
_ ' - - - ,V