HomeMy WebLinkAbout0491 . .
BUILDING "C"
. ~
. 450514
TNIS MORTOAGE OE£D, mad~ ~nd ~zecuted th~ 8th~,~r oj NOV. 19 ~a
+ ~ Gary W. Davids and Laurel M. Davids, h~s wife of 8501 SW 41st Terrace, Miami, FL.
- 33155
hereinahK e~Ued th~ MorRgaRor. .nt~ie!? tum ~t?a0 inelud~ th~ Aeir~. kgal sep»s~ntativ~s. suepsso» aAd aMi~na
of the said Mortssgoe whshvar t!~ con;est so tequiros or admits.
to TURTLE REEF ASSOCIATE3. INC.. P.O. Box a18. Jen~en Beacb. FL ~ ~3457
Mra~nattes eaUed' tM Mortgsg~. ~rhieh tecro shaU tncl~d~ tDs ~ueeesso~s and assigaa ot t1a
wd Mortg~ge~ ~r~.tb~ coateat so requi~w or admits. .
' i~ I! 1 I! 1~~ OO~ WIT:~IES3ETH: TAat Mr deven good ~e~d wluabb oonsid~rationa. and also iu eons;dendon ot tt~ ~gat~ sum
= m aam~d in tht pcomissoqc aot~ of even date here~rith .h~retnafter dsscribed. tb~ said Mort~agrK dws bereby
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d eon finn unto t he a a i
d Mo~t~~ga~. 6ta 6ein. waaaso~s and
3 assi~a, dl tM oert~io plece.... pan~el.... or tnc~t.... ot land. - oi w2~b t6~ said Moet
Posws~ed u~d ia~ctud S~* is now aeired and
• m~Zm poas~~,7iou. sitwte In the .County Oi S~ Lutie ~nd $tat~ pt Fbrida. dyptbd a~ jdbw~
m~~ ~ U n i t N ee k s 43 i n Condomi ni um C- 2 0 consi s i f
. tngo
-n Apartment (~umber C-20
f~' ~ , and its undivided share of the caman
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ip~ elemeots of Turtle Reef Condominiums 1 as such is described in the amended
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~;a. Master Form Deed as recorded in O.R. Book 256, Page 235. •
: v, ~--~G7
; o'yp This is a purchase money mortgage. ~
It !s turther agred b~twesn the .pirties to this mortgaget tha~ in addition to tM terms ud oonditioos aet
out btrein. it a oonwpanoe should bs mad~ sy t1u ~oetgagor of ths p~emias~ bersin deaan'bd. or aWr part
thereo~ without &st obt~ining both the ~itten ooas~nt of tAe 6old~c hr~ nsd an asauo~ttoa ot tbis
obligation. in wrJttng. bY ths aew propossd Grante~,, tDaa. end in tbat rwnt. at tlr~ optioa o! tM bolder beero~
without aotic~. a11 aums ai a4onhr sec~ved herebp s6a0. immediat~dp wd oooaareat~jr with aneh oo~ranoR beoonw
dw ~d payabL and aId Not~ aad Matgag~ ~hdl b~ in d~fanlt. ~
7~0 HAVE AND TO HOLD tbs wmsi. tog~tha~ witb ~II and ~iogular tbe t~aemencs, 1~aditammts and ~p
p~urteoanon th~+aunto bslongit~g os in snywiee appertaiaing and ths rrwrsion and rrverstoas. re~aaiader and ra~
msi~s. rentt. isaw~ and profits thenof and dso all the ~stat~. r[ght. titb. interest. ProPeKy. P~~+pn. elaLu a~
~ demand wbatsosver as ~reD ia law as iu dquity o[ t~s said Mortgagor in ~ad to the aam~ and eve~r p~rt and
parod tbe~eof nnW tht wd Mortgagee, tnd his 1~eirs. sutoeasot~ and as~igt~s, in tee aimpl~.
~ And said Mortgago~r. ior ldiaseU, and his heirs. k8d teP*esentativea. succes~ors and assigns. 1?erebr eonvenants
~rith satd Mortgagsa. hb l~eirs. Iegal re~rce~eedative~. smces~ors and assigns. tlue said Mortgsg~ is indefe~ai'bly
~sed oi said lsnd in fes simpl~ that the said Mortgagor haa full power and lawtnl right to convep the sams jn fee
dmpb as atoresaid; t6at it ahall be lawtW for aaid Mortgagse. hia Aeirs, Iega1 repre~entatlvss. succ~eoh and as~~~
at a11 times peaceabty aad quietly to enter npon. hotd oavpy aad e~jop said land and every part t6e~eof:
that said ~tand Is f~ee from all incumbrancex that ~aid Mortgagor. hi~ 6eirs. kgal repreaentacives. ~uceesson and
as~igns. w~l make ~uch tnrther aasurance~ to pertect the fee simpis titk to said ~ Iand in ~aid MrotS+sB~•
= c ~',.j° l~ejrs. kgal rrpresentalives. suooe~ora aad
' aseigna, a~ may reawnabir bs reynired; aad tlut said Moctgagor
~ 4 0" does heseby tull~? warrant t6e title to said land and every part theeeoi and wilt detepd the iaao~ againrt th~
i ~ IawiW claims ot aII persons wrhom~oeva.
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~ ~ o N It b nade~stood that euh of tba words, ••not~••~ ••martgrgor° aad "mortgager» resPsetiwl7 and tlM p~oaouns
~ _ ~ teterring thereto. ~rhether in the singulu or pfural aaywhen !n this moetgage, ~lull be singular it mis onlp aad
~ ~ sha11 b~ Phual ~o~nt1Y md ~?ua1lY. if ioore than ons. aad ~~all bs ma~c~lin~. 4minin~ ~u?d/oe nwtet. wbetiver
: ' ~ tM ~o~tezt ao impl~s or ~dcotts.
H ~ Y ~
; ~ n ~Id k~ ~O[~
,o • m_ gago~ fa~r himsstf nnd his hars„ kgal repreMntativeR suocas~ois and assigns, barbr oovenaata aad
A n+ z s~ees to and ~rith said Moctga8es,. lu.+ 1e8a1 reP~+es~atatiws. ancceswn and ~ssignx
~ ~ .
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~ l. To pay sU and singular the principel and inte:est ~nd ths vuious and sandry aums of money p~yablt by
a o~~ virtue ot seid procnissory note. aad thi~ mortgage, each and every. pe+omptly on tbe daya seap~ctivdy the ~am~ ~
} o~ T severalty b~come due.
~ 2. To p~y aD aad singular the t~e~. aex~amenta. kvies, liabi7'itia, obligationa a~d ineumbranta of ~very
~ H aature and kind now on aaid dexribed property. aad/or tlut Aereaftu may bs impwed. suffered, placed. Isvied
o~ ~ases~ed thereupon. and/or that herea:ter may be levied or as~eseed vpon tbis mortgage and/or t6e indebtedaes~
~ secured hereby, each and every. when due and payable according to Iew. befors they beeame delinquen~ and .
~ betore ~ny intereat attachea or anr penalty is intnrred: and ia eo _ tu ~e thereof is ot retord t6s sams sha11 bs
~ pmmptiy satisfied and di~~charged ot record and the original otficiai doenment leuch as, tor instanos, tbs tas
teceipt or the satufaetion papet ofCiciaity endorsed or errtified) ~hall be pLced in the hand~ ot ~aid lrtatg~ge~
~ wtthia ten days nezt aEter p~ymeat: and in the event that any thereot is not so paid. satis5ed ~nd discharged.
raid Mortgagee may at ~ny tims pay the saroe or any part thenof without waiving or aHectin8. any optjon.
~ 4en. equltr or right nnder or by »rtue of thi~ mortgage. and the tWl amount of ach and every such peyment ~haD
~ bs immsdiately due aad payabls and stiall bear intereet h+om the date thereof nnW paid at the nte of ten p~
g uaturn per annum and together with euch intere~t shaU bs secured by ths liea oi t6ia n?ortgege.
~
y To place and continuouely keep on the buildinga now or hereafter situ~te on aaid land t'u~e ~nd wind~torm
~ ina~rante in the u~ual atandard poUcy torm. in ~ sum oot Ieaa tMn the amouat dus hereeu. in ~uch oanpany
or wmpsnies a~ ~oay be approved by seid MoctgaqeK and all ~ucb iusuranos policiei on .nr ot ..cd ~8,, u,r
intsrest therein or part thereot. in the aggregate aum aioreeaid or in ezceas tAsreof. shdt oontain tbs niual
~tandard mortgagee clauie uuking the b~.• under said policie~. each and every. paY~bb to said blortQege~ u 1il~
int~rs~t rruiy ~ppeu. wd each and e~•ery sucb policy shdl bs PrnasPtly daliv~ed to and beld bp rajd Mortga~ .
~nd, not leas tb~n ten dayi in advance of ths e:piration of e~tb policy, to delivK to ~aid Matp~ss a ewrwd
theseol, together wtth a rsceipt tor ths prrmluw of wcb teasw~l: ~nd t6rrs inap bs ~ aueh Inwnna pLad
on rny .ot s.id buildings. ~nr iaterest tl~arejn oc part th~reof, unbs~ ia tbs form ~ad wJt6 th~ bss F+ayabk a~ '
~forssald; and in ths evsnt any ~vm of mousy betom~s payabl~ und~r svcli poUcy or pol~ciea and aald ~tort~sgs~
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~ ~ ~ D ~ 312 ra~t 489 • ~ -
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