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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