HomeMy WebLinkAbout0070 ~ ~
1~ .
, BUILOIN6 "D" 450311
TH13 MOBT(iA(38 DEED, ~.a..~,a e:.~cea c~ 24a.y or November 19 78
by Robert J. Lowe, Sr. and Patricia R. LoMre, his wife of 1732 Creek
Crossing Rd., Vienna, Va. 22180
Iwerin~hK alMd tM Matr~. whith t~+cto ~AaU include th~ hsirs. ksal npreseotative~. ~uoaNO:~ ~nd a~si~ .
oi tlN eaM Mort~agae whKevK l:~s contest ro require~ or admits.
to TUR1'i.S AESF A390CIATE3, INC.. P.O. Bo: 818, Jeassn Beaeh. FL 33457
Ae~dnattat caUd' tM Mo~t~aee. which teran shall inclnde ths sutcessor~ and assigns ot tbs
a~id Mort~ses wherever tl~e ooateat so requ~ or admits.
WITNE3SETH: 'Ibat tor devers good and valu~bk oonsid~ations, and also ia ooasidsratiqn of the ag~eg~te sum
n~med in the pwmissory note ot even d~te herewith hereinahec described. tbs said Mort~goc does hereDy
~nna~ b~rsain, se4 alia~. remise. reisase. oonvey ~nd rnntirm uato the s~id Morta~es. his heirs, euocassoro and
a~ns, al! tha cartain pisee.... p~reel.... or tnct.... ot land. ot whicR tLe s~id Mortgsaor is aow eeised ~nd
T:;~NS~ed and inaetwl possesaion, sitwte in the County of 3t. Lucie and Stata ot F{orida, deacribed ~s tolk?wx
. Unit Weeks 44 and 45 in Condominium D 26
: consisting of Apartment Number D 26 and its undi~yided share
~ of the common elements of Turtle Reef Condominium I, as such is
~ described in the Master.Form Deed, recorded in Official Records 8~~~°~.
263, Page 2002. This is a purchase money mortgage.
It is furtAer asreed between: the perties to this mortgage tlut. in addition to the t.erme and conditions x:
oat ~n, ii a eonveyanoe slautd be made by the Mortg~gor of the presniss~ herein described. or anY pari
thereot. witbont flrst obtaining both the w~ritten consent ~t the hold~ h~sot. uid an aaenmption of this
obliaat.io~. in writing. by ths nsw proEw~ed Grantee. Wen. :nd in that event, ~t the option oi the bolder Aer~eof.
withont aotiee. ~D wms of monsy securad hereby sh~U, immed'utely and ooncurrendy with such waveyanoe. beoome
dw and p~yabk aad eaid Note ~nd Matga~e shall be in default. .
( ~ -
`7 TO HAVE AND TO HOLD the sama toBether with dl and siog~lar tl~e tenements. hereditameats and ap
5, ptvuoanoe~ t6arounto bebnging or in anywix appertaining aad the rev~r~ion aad reversioaa nmainder and rs ~ ~
~ m~nder~. rents. i~we~ and proRts the~eof and also aq t6e estate. right, title. iutereet. P~Y. P~•
dem~nd whatsosver as well in law a~ in equity ot the said Matgagor in and to the same aad every p~et ud M'
p~rosl thareot unW tM said Mortgagee. and his heirs. suceessors u~d eesign~. in tee simpie. ~
~ And said Mortg~gor. tor himself. ~nd his heirs. legal reP*esentatives. successon and assiaas. 6aeby ooove~unts a ~
with s~id Mo'rtgases. 6is heirs. kgd rep~sent~tives. suceesson and ~asigns. . tAat s~id Mortsagor is inaefeas~'bly ~ ~
° ~sired of. s~id Wrd in tee simple: that tbe eaid Mortg~gor hu full powa and Iawful right W oonvey the e~me in fee
a simple as donsaid: tlut it s6a11 be lawfiil for said Morigagee. Li~ heirs. legal repres~ntatives. snccessors ~nd aseigns.
Li ~ ~ ~ ~
at aD tia~ pe~oe~bly and quietly to enter upoe. hold. oecupy and es~joy said l~ad and e~very p~rt thereof; ~
tlut said land is free trom aU incumbr~t~oa: that said Mortgag~o:. his heirs. kg~l represnntatives. wcoessocs and
assigns. will m~lce sueh torther assuranas to pertect the fee simple titie to said land in aaid Mrotgagee. ~
'~i his hein. 1eaa1 representativee. euceessors u~d assigas. aa m~y eeuoaably bs required: aad that s~id Matgagor . ~
~ does bereby fiilly warrant tbe title to said l~nd and every pert thereof aed w~l defend the same agalnet the a V
! t~wtu! cWms of all per~ons whomsoever.
~ It is undastood tLat each of the words. "not~.. ..mortgagor" and "mot'-BuBee" rosPectivdy and the pronouus ~ v r ~
~ reterrin g t6ereto. whether in tht singular ar plurd anywrhere in this mo~tgage. shaU be singular if one oaly and
! shall be piural jointly and eeverally. it mae than oae. tad shall be inasculine. teminine andlor nauter, wberever
t b
e contest so imp
l i
e s or a
d m i t s. ~ ~
~ O ~
~ ,
~ Aad a~id Moctg~~ for himself and his f~eirs. kgal represert~tiver. e~ooeasors ~nd aisigns. hsnby oovenante nd
agres~ to and with said Mort~qee. his legal representatives. sueceaeors and ~eigns:
1. To pay ~U and singuiar the principd u~d intrrest and the various wd sundiy sums of money PsY~bie t?Y
virtue oE said prnmissory note. and thia mortg~ge. each and every promptlY on the daya reepectivdy the esme
eeveraUy beoome due.
~ 2. To p~y atl and singular the tues, assesamente, kvies, liabilitias, oblig~tioas and incumbrancea ot evexy
~ nature and kind now on eaid described" P~PMY• and/or that hereaher may be imposed. euffered. placed. ievied
ar as~e~sed thereupon. ~ndlor that heredter may be levied or ~eseased upon this mortgage and/or the indebtedneee
secured 6a~eby. e~ch aad e.rery. when due aad payabk according W law. before theY beoome delinquent, snd
~ befors any iut~rest •tt~ches or any pen~lty is incurred: aad in so fer as any thereof is of_reoord the same ehall be
promptly satisfied and disebarged of reoord and the original official document Isuch as, tor inetanoe, the tu
~ noeipt or t6e satistaetan p~per officialiy endorsed or certit~cdl sball be pLced in the hands of ~aid Mortgegee
y w[thin ten d~ys ne:t after payment: and in tl~e event that ~ny thereot is not so p~id. saWfied and diacharged.
~ s~id Mortgagee may at any time p~y tAe same or ~ny p~rt thereoi wit6out waivitig or affecting any aptioa. .
~ lien. equity or right undsr or by virtue of this mortg~g~e. and the fuU amonnt of each ~ every auch p~yment ahall
be imtnediately due ~od p~yabls aad s6all bsv int~erest irom tl~e data thereof nnW paid at t6e nte of ten p~
~ oeawrn per annum and together with such intereat sh~U Ms secvred by tbe lien of this mortgag~e.
~
~ 3. To place and continuo~siy kesp oa the buildings now or hereatter aitwte on said land fve a°d w'°det°r~n
~ inrunnce in the usual sundard policy form, in ~ sum not kss t6an the amount due hereoa. in euch oompanY
~ ot companiea ss may be ~pproved by said Mortgagee: aad-~Il such ineurauoe policies on any of said Mu7dings. any -
interest t6erein or part thereot. in the ~g~regat~ sum ~foresaid or in ~cess tAereo(. shaU oontaia the usual
stand~rd mortg~~se clause makin8 tl~e los~ under said policies. each ud everY. P~Yabk to said Mortgagee ~ his
int~ere~t m~y ~ppMr. and e~ch and every e~c6 policy s6all be pmmptly deiivered to and heJd by said Mortga~e:
and. not iese than teo d~ys in advance of cbe e:piration of e~ch poliey. to deliwr to ~aid Mectga~ ~ raorwd
t~ereot. togethar with a eeeaipt tor t6s pre~nium ot sueh rsnsw~l: u~d tMre ~haU be ao 'sneb tnsunnoe plaosd
on any of said buiMin~. any interest tbeeein or part thereof. unlM~ ia ths form and wit6 tM ioss paYabk ae
dore~aid: aad in the evsnt aoy sum. of mooey becomes p~yabie under wch policy or policia and said Mortgagse
r
t
~ a:~~ 3~.2 .70 ~
~ ~ .
,
.
_ ~
~ . ~