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6U I L OI NG "C" L~a~Q,455
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TH1S MOR7YiAGB OS6D. mad~ and exec~tted tA~ 17 d.r ot ~cember 19
AnthonN_P~lerna and Alice Palerna, his wife of 900 River Ave., .
~ lakewood, N. J. 08701
b~~ein~ftsr cdled tM Most~agor~ whkA term sh~U inelud~ tL~ b~'u~. kgal rsp»sNntativea, tucpaors and a~iga _
o~ the uid Mortg~gor whKwe~ tM context so reyuires o~ ~dniits. ,
. to TURT[.E RBEF AS.90CIATES. 1NC.. P.O. Bo: 618r Jeaaen B~aeh, FI.' 33457
A~retnaitK caUd' tl~ D+Iorts~e~ Mhkh t~rm ahaU includ~ th~ ~uccesaon aad aisi~na ot tM
~iId Mortgage~ ~rherw~ t1N oa~t~st so requires or admits. ' ~
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WITNE33ET~I: TAat ta~ devera goo~i ~nd valuael~ coa~id~ratioaa. and ~lw in eoasidentbn o[ th~ ~g~rert~ snm f
~ aaaeed la tl~~ p~anissoe~c e~ote ot even date he~ewtth hereinafter deacri~ed. tM said Moetg~gor don ber~b~r
~*an~ bargaia eell. ~li~a. raaise. relwss. coewy ~nd eoaC~rm unto tl?e ~aid Mortgage~. D~a S~irs. wcoessors ~nd
usigaa, aU the tertaio . pisoe.... parceL... or tr~ct.... ot l~nd, ot rvhieh t6e said Mort
pos~es~d ~nd iaictwl S=8'~ is aow set:ed ae~d
po~sion. sitwte in the .County of 3~ Lueie ~nd Stat~ of Fbcid~, dpar[bed u~ollow~c
Unit Weeks 50 and 51 in Condaninium ~-19 consisting of
Apartment Number ~'19 , and its undivided share of the conmon
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; elemer~ts of Turtle Reef Condominiums 1 as such is described in the amended
` Master Form 0eed as recorded in O.R. Book 256, Page 235.
This is a purchase money mortgage.
It is fiuthee ~greed betwesu the parties to thi~ mortg~gs . tha~ in addition to tl~s terma and oonditioas aet
ouc lurein, it • oonvayanos s6ould b mada by th~ Matgagor oi ths -prea~is~s herein dnaibed, o~ _ aq~r put `
thereol. without &st obtdntng both the written oo~s~nt ot the 6oldee h~nof. and an aasu~tio~ ot tWs
obligation. in rritina. b~? tbs nnn propcasd- Graate~. Weo. aad 6? Nat ~a~ at ths option oi tb~ holder 6ee~so~
wlthaut eotice. all mma ot mon~}r seeuired hersby sha0. immsdLt~elr and oancurreat~? writh sueh oonvqraoo~, beoom~ r
dw aad pqabl~ ~and said Not~ and Matgags ~6sD b~ in detanh. ~ +
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TO HAVE AND 1~0 HOLD t6s ume~ toget6~ with all and singnlar t6e t~asments. l~sditaments and ap i
pnrt~nanees therwnto bebnging or in ~nywlss ~ppeirtaining and the raver~ion and cevers~ns. rem~inder and re-
1 msindees. rents. iswa aad protits thereot and dao alt the asNt~. right. title. iaterest. property. po~ion. claien ud
demand whatsosvu w weU ia lsw as in t~quity ot tM said Matgagor in aad to the sa~as and ~ve~y p~rt and
~ p~n~el the~eoi anto tbe aaid Mortgagee, and his beics. snoas~ora ~nd a~igaa, in tes simple.
Md said Mortgag~or. for 6Inaelt. and his l~eirs„ Isgai repre~eetativw, suooesao» and asstgos. Aere6r eonvrnahts
wich satd Mortg~gea. l~is heirs. k8d teprexntaEi~res. suce~swrs and asaigas, t6at ~aid Mortgagor is indefeui'bly
~e~ed ot saW land in fes amplr: that the a:id Mortgagor 6ss full power and IawfW righc to coavrp the same id tes
simple as aiore~aid; that it s6aU be la~rful tor eaid MoKgagee. his heiro. IeRal r+ep~e~ntativs~, suecea~ors an~i as~gns.
~ ~ o„ at al1 times pe~ee~bly and quKtly to enter upoa. lwld. accupy and snjop said land and eveqr part tbec+eof;
- c M ~ tlut satd land is iree from all incnmbranoes: that eaid MoK his l~eirs,
~ ~ Sa8'n. 1~8s1 sepre+entative~, wcces~ocs and
< assigos. wn~l make avch fariha ~asura~ to perteet the tee simpk title to ~aid land in said Mrotg~ge~~,
j 6i~ heirs. kgal representativea. sncoes+ors and assigns. a~ may msonably b~ raqnired; and that said Martgag~or
' _ does 6aeby fulip warrant t6e titk to said land and ~very p a rt thereof and wID detmd the same a
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~ s t t
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~ ' LwIW elaims ot all persom~ whomaoever.
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' ~ z'q It i~ w~derstood that tac6 ot the word~, ••note••~ ••morlSiBor' and "moetBaBs~~ t~specttvslf and tb~ pronouns
~ H ~ CI tafaring thueto. ~rhethee ia the ~ingular or plural anywben ia this mortgage. ~}uII be siaguLr if ons a~? ~nd
~ a=" shaU bs plural joindy and s~venlly. ii awm than oa~. and s6a11 bs aaasadin~. teminine aad/or nsutss. wbanret
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~ r~' °0 t!~ oootu! so implia or admits.
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a p~ y o; AIId K~ ~OT~$ag~ tOr ~II~f e[l~ ~115 ]It$i~ [l~t~lM~l~iYl~. qi0~lNOh tDl~ ifslglls. OOVllfatlC~ a~
~ o a~ a~ess to and ~?ith said 1Rortgages, hi~ legal repe+eMmtattvs~. auaessors and assignx -
~ a..°, 1. To psy aR and sjngnWs the principd and interest and ths various aud wndry snm~ of mone t
virtus of said promissory zwte. and thi~ mort each and 7 WYable by . ~
~ SaBe. Pi'omP~Y on the day~ tespectivdy ths ~am~
N aeverdly bcorae du~. ~
4. To pay aq aad singular the taxes. asxa~ments. levie~. Wai7iti~s. obligations a Ineumbranoes ot every 3
natute and kind pow on said dexribe~! property, and/or that l~aeaher tmy bs Irnpo~ed. wttered. pisced, levisd ~
or aases~ed thereupon. andlor that hereatter may be levied or aa~essed upon thia mortgage and/or the iudebtedneas ~
secvred hereby, euh and every. ahen due and .psyable aecording to 1ew. befors ther becaiae dslinquen~ and
~ befora any interest attacha or ~ny penalty is incurr~cl: and !n so tar ~ny thereot is of reeord tbs suas sluU b~ ' _
prou~ptly sati~fied and d~~charged ot record and the original otfia~l doeument (euch as, tor inatancs~ ths taz ~
~ receipt or ths satistaction p~pcr oificially endorsed or esrtifiedf ~haU bs pLced in the henda ot ~aid Matg~gee '
i
: wttldn ten days ns:t after p*y~nent: and in t6s event thst any tAe~reot is not ~o paid, sat'~['isd and discharged,
~ said Matgages may at ~nr time psy the eams o~ any part thsreof without ~raiving or atfecWig. tay option. ~
~ Iiea, equfty or right nnder or by virtue ot thi~ mortgsge. and the tuU amoupt ot eacb and every such psymeM shal! 7
bs inunediately dus aud perabk and afiaU beer iaterest tmm the date tl~ereot nnt~ patd ~t t1~s rate o! ten p~
~ oenturn per annum and togeLher ~vith euch intere~t shaU bs secnnd by ths lien oi t!w mortgags.
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~ To place ~nd ooatinuouely keap on tl~e buading~ now or bereaEta situate on said land fire aad ~vindatorm '
~ iniwance in the uyual atand~rd policy forn?, in • ww not lese than t~e amount dus 6sreon. in iuch compaay ,
or tompenie~ ~s may be approved by said MortgageK and ~U sucb inswanos poUciea on ~nr oi ~ald btu7dings. an~? . i
interest therein or part tbereot. in the eggreg~te aum etoresaid or in ezcssa tl~ereot, ~hall oonWn tM uwal ~
~tandard mort8egee cl~u~s malcing the bx under said policte~. each and every. payable to said Mort~sges u Ni
inte~t toay sppe~r. ~ad eacb and eve~? such poliep shaD bs pranptly dalivrred to and beW b~+ ~aW Moct~a~sr; •
" ~nd, aot leae tbsn t~n da~n in edvance ot the sspiratba ot esch poUcp, to deliwr to ~aW ~Iorigsaeis • tsoe+~ra1
thereot. together ~vith a nceipt tor tAe preinium ot auch tsnew~l; and thee+s ~hull bs no wch iowrane~ pl~osd
on any of s~id 6uildings. ~nr intsrest tharrin or part tberoof, unbs~ in tbs torm ~nd wltb th~ bas pay~bk a~
? ~loresald: and in ths event any sum of ~onsy becomss payabls undsr such poliq or policia and safd ~~ort,~s~
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~ Bo~~ 312 ~a~E 344 - ;
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