HomeMy WebLinkAbout0361 i ~ , . .
' 45446~ j3 _
' BUILDING "D" ~
THiB IitOATOA(i8 DgSD. m.a..~a .~aa ce. 7~ a.~? o~ ~ 1~ 79
James J. Malone and Mn T. Malor~e, his Mife of 2548 Hutchinson St.,
Chicago, I11. 60618 ~
b.nio.tta au.d cb. 1ltarcpaor. ..hid, c.~ .I~.n iaelua. cb. e.irs. Mga! npe~...naaw.. w~oo...or. .na ..aM
o~ tlw Mid Mort~or wM~er~ tb~ oontut ~o nquirM oc admita.
to 7'lJR'1'I.S AESF A830C1A7'ES. INC.. P.O. Bos 618, Jeaa~n BNCh, FL 9s4b7
h~e~inatt~ edMd' tM Morta~`ss, wt~3el~ cwm ~ull inel~ t~ woosaocs and aaians at tb~
Mid Mat~e~ wb~ee~ev~ tM oontest ~o r~quiiw ar admits.
WI?PIB83E7'H: 7'bat tar dwers aood ~nd valwW~ ooaaidKatioa~. aad also ia ooaiid~ntipa o! ths ~ee~cs w~m
wm~d io !M peemi~y nou ot eve~ d~te harowith M~inaftee dMCribed. tM aid 1No~y~oe doe~ Merbp
iran~ b~ain. Nq. a1wn. r~mias. r+baM. ow~vey ~nd ooafirea w~to the s~id I1[oetaa~, his b~in. w~oo~on aod
a~d~s~. all tM e~etaio pi~ea.... p~rov....' a~ traet.... ot 4nd. ot which ths pid ~tatsa~oc i~ now Nisd aad
po~wd and ia~etnai pweMSion. sitwte in the Couaty ot 3t. Uxk and 9t~ta ot t+7o~id~. dweeibad u to0ow~ -
Unit Weeks x and ZO in Condominium D- 23 and Unit Week 21 in
Cond. D-24consisting of ApartmentsNurt~er D- 2~ and~~_2en~L~s~uni~~vfded share
of the comnon elements of Turtle Reef Condominium I, as such is
~ r~
described in the Master Form Deed, recorded in Official Records Bc,~k
- 263, Page 2002. This is a purchase money mortgage. ~ o y~
n
. ~ x ~
. It L fnrth~r ~r+s~d 6etw~sen t6a puties to tAis mottgags th~t, in additioa to tJ~e term~ ~nd coaditions set ~ 3° ~
:oat b~nin. ii a ooaveyaaoe sbouW be in~de by ths l~atsag~or ot t1~e ~
_ t6~not. ..itbouc !in! P~~ hareu, d~acn'bed. or anr p~rt N o• J~ ~J
_ obtainins both the written eoaiant ot tbs 6oW~r he~~wt. wd an a~aamptioa of t6i~ a o
~ i: obii~tioo, in. writio~. bT tbs nrw propo~sd (ir~ntee. tbea. and ia tLas event, ac tbs optioe ot tbs noWar h~eo~ E a a T~
i wit6ouR notiee. aIl wm~ of moasy ~eaued hereby ~haU. immediatdp ud ooneun+ently with nxh ooovh?~noe. bscaa» '~o
~ dw aed pqabls ~nd raid Note and Atort~s d~all be la dsfault. s
< i N 0
• 7~0 HAVB AND TO HOLO ths ssma tosethe~ with ~11 and singular the teasmenti. l~eeediqme~ ~nd aP ° ~
p~trtro~aoM tMnnalO bdooaing or ia anywise apprtaining aad t6e rewraion ~ad revessiop~. remrinder ~erd rs ~ ~ t, o
m~ind~r~. rbq. i~w~ ~ad protita tbeeeof and also ~U tbs e~tate. *i~ht. titls. inte~rst, pmperty~ pwreMion, cfdm ~nd ;
dam~nd whataow~r u well io 4w as in equity of tLe s~id Mortgagor in u~d w tbe sams and evecy part and ~$c
pae~eel tberwt .nato tb~ s~id 1Kortg~aee. and his heirs. s~oo~ssors aud assigns, in tee aimpie. _-"'c i
Md nid Mert~~. for him~slt. and his heirs. M~1 repe'e~entatives. wa~ssora and assi~as, lbnby coawoaata
with e~id Moctgage~, hi~ heirs. le~at npnseotatives. suoa~ors ~nd assi~s, t6~t ~id Maet~ is indsfeas~bly
adsed of Mid laad 'w tes aiaapls: th~t the Mid Mataaaor hu !n8 power and I~wful riaht to conw~r t6~ s~~ in fes
an~ls u atoee~id: t6~t it a6al1 be law[ul lar a~id Mart~~aes, hL hwrs. Mg~l ~epeweat+tive~. a~oeewoes and a~~igeu,
at all time~ ps~ee~bly and quiatly to enter npon, hold. ooeup~ and eajoy s~id laod a~ werr p~rt tl~eof:
th~t nid la~ is hee Erow all incumbranosx that wd Mortgaaor. his lrus. M~1 npre~sntatives. wooss~ors ~nd
asdg~. w~! enalce wch further assuranoes to perfeet the fee ampie titls to s~id land in aid Mrot~aes, ~
hi~ beir~. l~al npc~snt~tives. w~ooee~ors ~nd usi~nna, u mq narooabtp bs rquired: and t6at a~id Mat~ag~or
dop 6arebp tolh? warrant t6e titls to s~id . hnd and every put thareot ud w~l dstand t6s a~ms agaiast t6e „L ,
' lawfnl cLim~ of all peraons ~
~ O
~ It is understood tlut each ot the words. '.not~.•. ..mortgagor.. and ••mortgages•• re~psetivel~? and t~ pronoud
i refetring t6ereto. w6etlkr in the aingular or ph~nl ~nywh~re in this moetg~ge. shall be singular. it ooe ody and
slu11 bs plural jointly and ssverdly. ii more than ~e. and sLall be nnuculins. femiaine and/or nwtar. wbee~ever
! tbs oonf~st ~o implie~ or admits. • _
~ Md Mid NoctRa~ tor himseN and his heis~. lesd *sPr'NSnqtive~. soa.+es~o~s aad ~gas. Mrabp oov~aota and
a~w~ to and wlt6 nid Mortgagee. his kgd rep~entatives. aooes~ors and iMigm:
1. To p~y ~ dl aad singular the prinGpal and intereet ~nd ths vufws snd s~ndry sums of maney p~pable bp
~ virtus of said promissory note. and this mortaags, e~ch and every. promptly on tbe days respsttivet~ tl~s s~ms
ssveraUp become due.
~ Z. To pay dl and singul~r tbe taze~. as~essmeots. Isvies. liabilities. obliaationa and ieeumbranas of every
oatws and kind now on said descn'bed property. andlor tlue her~eait~ may be impo~sii. wffered. pl+eed. isvied
or ~s~~sd thereupon. and/or tlut lut~eafter m~y be Isvied or ~s~eaed upon this mortg~ae aadlar tbe indebtedae~s
~ecnrad hereby. eath ~ad every. wbas due ~nd p~rabie ~ooordina W l~w. betore tbey beoome ~t, and
befacs ~ny interest attachs~ o~ .nr ~cr ~o~a: .nd iw so far as ~ny tbeeeot is ot recacd t6s sams sh~11 be
pro~ptlr aatit6ed and dis¢6a~ed ot ncord and tbe origieal otticl~l docwmeut Iweh a~. for inatanos, t6e t~
rsaip~ oe the sawtaetion p~per of!'iaalty endased or ~ oertifiedl ssap bs pl~oed in t6e hands of nid Mcrtgagee .
wft6ia t~n day. nac .tce: p.~c: ana in c~de evenc ch.c .ny therwt i~ noc ,o pajd, s.tisr~sd .nd di.cbar~ed.
g aid Mortsagee m~y at any tlme pay ths s~me or ~ny p~rt t6aeaot witbout w~ivin6 a+~ft~tin8 any aption.
~ li~n. equity or rjght uad~r a br virtw oi tLi~ mortgage, aad tbe full amount of e~eh ~nd evarr sncb p~yment shall
~ b~ immediately dne and p~yabis aad ~6a~ bs~r intere~t irom the date thereef uatil p~id ~t tbs rate ot tea per
~ asaWrn per innum and co~sthe~ with snch inierest shall be sec~red by ths lien of chia mortgaas.
~ 3. To plau u~d continuauty ke~p oo ths bm7dfnss now or 6ere~ft~ eiwate on ~aid land fire and ~rind~torm
iswranos in tbe nnul ~tandard policr form. ie ~ rmm ~ot ka tl~an tbs amount due hareon. ia snch oom~pany ~
or ooodpanie~ u m~y b.ppr~oved by .aid Mortg~x ~nd all web in.uranoe poi~ea on anr ot raid bu~7dinp, any
intere~t therein or p~rt tber+eol. in the aggregate ~um atoe~id or in esoeM thereof. s6all oontain t~ w~l i
~ndard mortga~e clatu~ n~kina th~ IoM nnder s~id polic3M. e~ch and evee~. p~Yabls w a~id Mortgtgee ar hL
inteewt mq apqar. ae~d ~se6 and every wuh pdky alwll bs pro~tly ddiwe~sd to and 6eW by aW Mart~ i
~nd. not ka tAan ten d~r~ ia dvanos ot c~ upiratbn ot e~ch poiiey. ta ddivar to Nid Mort~~ a ereswd • '
t6Rrol. tosetb~r with ~ naipt tor ti~s pee~ium ot sneb rsnswal: ~ad tMn ~0 b~ no wxh insnranos Dl~ad i~
on a~r ot uid buildin~s. any int~e+eat tlwRwn ar p~rt tbaeot. ndNt-pa tb~ farm aad with tM bs~ p~yabie ae ~
Jorewid: and in ch. ev.ns aar .nm of mooey b.eoma p.y.bls und~ wub poBey ar poiki~. :ad .aid . b[ovt;agw
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