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Home My WebLink About0044 ,3 t ~ BUILDING "D" 4~3~~ THI3 MORTGAaB DEED, mads ar~d esecuted the 25tf6.y ot • 19 78 sy A1berL J. Assad and Mar~orie H. Assad, his wife of 1461 Billington Rd., Eadt Aur~ra New York 14052 h~ninatt~ uUd tM Moetpaor, which teRO sl~d) iaclude tM heirs. {egal rspre~saativas, sueeeswn ~nd assign~ ot ths ~aid Mort~gor whe~ever tAe ea+te:t so roquires o~ admits. . W TURTLE RE6F A330CIA1'E3. 1NC., P.O. Bo: 618. Jenxn Be~ch. FL 33457 Mreitutter calld' the Mortg~gee, which term shall inelude the eucceaeors and ~seigne of the said Mort~ges wherevsr the rnnte:t so requires or ~dmits. WITNES3ETH: That !or dever~ good and v~luable coneiderations, and aleo in oonsiderati4n of ths aggregate sum named ~t? the promiswry note ot even date here~vith hereinafter deeeribed, the sald Mortg~gor doe's hereby gtan~ b~rg~ia. sel1. alien, eernise. re{s~se, oonvey ~nd eonfirm unto the aaid Mat~ages, his heirs, sucosssors ~nd c•~isnt, all tAs eertaia pisee.... pareei.... ar t~~ct.... ot bt~d. ot whicA tl~e said Mortgagor is now seized and ;"poss~s~ed and inaetud poa~easion, aituate in tha County ot St. Lucie and State ot Fiorid~, deseribed es foUnw~ ~ C ~ ~ g ; ` Unit Weeks 29 and 30 in Condominium D-25 o~~~ . ~ ~ p ±o cons_isting of Apartment Number D-25 and its undivided shar~ q ~ • ~i d Q v? ~o of the cortmon elements of Turtle Reef Condominium I, as such is ~ o~~ o a ~ ~ ~ described in the Master Form Deed, recorded in Official Records Po~~~:. ~ g~°' e ~ f~ W ~ ~ N 263, Page 2002. This is a purchase money mortgage. ~ ~ ~ It i~ further agreed between the parties to thia mort~ge that. in addition to the terma and conditions aet• ~ F ~ oat herein. it a conveyanoe should be msde by the Mort~gor of the premieee herein dexribed, or any part ' tbereof, without Rrst obtaining both the wrritten rnneent ot the hold~ hereot, and an aesumption ot ~ V ` obligation, in writiog. by the oew propo~ed Grantee, tAen, and in that evait, at the option ot the Aolder hereof, ~ witLout notice. dl sums of money se~vred he~eby shaU. immed'utely and concurrently with such oonveyance, ~ ~ dt~ and payab{s and iaid Note and Mortgags ehall be in detault. u TU HAYE AND TO HOLD the aame, together with dl and singular the tene~neeta, hereditamente and qa Putt~noN the~eunLo bebnging or in anywise ~ppertaining ~nd the reveraion and reversions. rem~inder ~nd rs ~ m~Indecs. renta. issue~ wd profits thereoi and also all tbe ea~-t.e. rigAt. titk. interest. P~Y. P~~ claim ~nd ~ dernand whatsoever as well in law ae in equity of the aaid Mottga~ in and to the aame and every put and partd thereof unto the eaid Mortgagee. ~nd hi~ heire. ~ucceseora and ~seigns. in fee simple. Md ~aid Mortga~, for himself, and Ris heirs, kgal reprosez~tativea, successoro and aasigns, Aereby oonvenants with said : Mortgagee, hie heirs. iegal etipresentatives. succeesora and a~igna. th~t eaid Mortgagor ie indetesaibly seised oi said land in fee aimple: that the aaid Mortgagor has full power and tswrful right co convey the s~me in fee simpie as atoreatid: tbat it aheU be law~ful for eaid Mortg~gee, his l~eirs, legai repneentatives, waessoro and ~seigns. at a11 times p~oe~bly and quietly to eater upon, hold, occupy u~d enjoy said Lnd and every part tAereof: tlut said fand is free irom all incumbrances: ti~at seid Mortgagor. hie l~eirs. kgal repreeentatives. eucceaeoe~e and assigu~, will make such further ss~renoes to perfect the (ee simpfe titk to said land in s~id Mrotgagee, his beurs. legal r~epresentetives. successore and aaeigns. a~ may reasoe~Wy be requ'ved: snd that eaid Mortgagor doea hereDy tulty warrent the titk to s~id land and every pert tAereot and will detend the aame againet the j lawiul cWm~ oi aU per~ons whomsoever. i ~ it is understood tlut each of the word~. "note". "mortg~gor" and "mortgagee" respectively and the pro~wuna ` reterring thereto, whether in the aingular or piural anywhere in this mortqege, ehall be aingul~r if one only and shaU be phual jointly and severaUy, it nwre tlun one. ~nd ahaU be mascuWse, temiaine andlor neuter, wMrever ~ tbe eonte:t so impiies or admita. , ~ Md said Mortg~~ for himselt ~nd his heirs. iegal represertatives. auoceseors and assigns. hereby rnvenante ~nd ~ ~grae~ to and with ssid MortgaRee. his leg~l representative~. aucceasora ~nd aseigns: 1. To pay dl and aingular the principal and intereat end the varioa~ and eundry eums of money peyab{e by virtue of said promieso.ry note, end this nwrtqage. each snd every, prompfly on the daya respectivdy tl~e eame xverally lsecome due. 2. To p~y all ~nd singutar the tues, sasesamenta. kvies, liabilities, obligstions and incumbrance+ of every natun ~nd kind now on said dexribed property. and/or that 1?ere~fter may be imposed, euffered, placed, kvied or ~sses~ed thaeupon. end/or that here~fter may be kvied or assessed upon thie mortgage endlor the indebtedneee secured haeby, each and every, when due end p~yable according to l~w, before they become deliseQuent, ec~d before ~ny intereat attaches or any penalty is inrurred: and in so tsr ~s any thereof ie of record the saine ahall be promptly satisfied. and discharged of record and the original otficul document leuch es, for instance, tht taz r+soeipt or the satist~ction p~per officially endorxd or certifiedl ehall be pl~ced in the hande oi said Most~agee ~ within ten days ne:t ~fter payment: and in the event that ~ny thereot is not eo paid. eatiafied and discharged. t said Mortgitgee m~y ~t any time p~y the same or any p~rt thereof without wsiving or dtect'sng ar.y option. ~ lien, equity or right under or by virtue of this mortgage. and the full amoant ot e~ch and every such payment ahall ~ bs imraedi~teiy due ~nd payabk end slull beu intenat from the date thereof until paid •t the nte of t~en per ~ canwrn per annum and toget6er ~rith such interest ahall be ~ecured by the lien of this mortg~ge. E ~ 3. To pLce ~nd continuouely keep on the buildinga no~v or here~fter aituate on said land fin and wrindstorm ' insurance in the nsud standud poticy form, in • eum not kss than the emount due Aereon, in such company ~ or oomp~aies ~s may be approvsd by said Mortgsgee: and aU such insurance poticies on any ot said bui7dings, any g intereat therein or part thereot, in the aggregete sum atoreaaid or in e:cess thereot. ~hall contain the uaud . ` ~tandud mortgagee elause making the los~ under said policies, e~ch and evay, p~yable w~aid Mortgsgee as !ua fntere~t m~y appear. and each and ev~ry such policy shall be promptly ddivered to ~nd held by said Mortgagss: and, not les~ than ten days in advance of the e:p'v~tion ot e~ch policy, to deliwr W~aid Mortga~ a*~orw~1 tl~e~eot. together with ~ reoeipt for tAe premium of such renewd: ud thete a~all bs no euch inaunnce pl~ced an any of a~id buildingi, any iuter+est therein or part thereof, ude~e in t6s to~ and with the losa p~yabk ae do~aid: ~ ~nd in the event any tum ot enoney becomes p~yable under such poliey or policies and aid Mortgagse ~ ~'~k~ 312 ~acf '44 ~ , _ - - - - :Y.~- . . _ . . :