HomeMy WebLinkAbout0496 j.
BUILDING "D" ~~57`6
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THIS 1rtORTOACiS DEED. ~n«M and es~eated tM 13th o~ JU~~/ ~8.
~ Robert J. Doolqy and Marie M. Dooley, his wife of 655 Riverside Dr., Palm Beach
Gardens, FL. 33460
e.r.ia.rc.r e~Wd th. Nore;.~a. wt~icA t,e~m .hau ;netaa. ch. neir.. M~al eea...nativ«. .uoe...on .na ...isn.
d tJM sdd Mort~teor wl~evw taw eonte:t eo requjres or adaJt~. ~
W TURTLB RBSF A390CIA7'E8. 1NC., P.O. Bo: 618. Janaen Be~cb. FL 33~57 i
~tNr ca14d' tM l~torts~gei?, which term eh~U taclade tM snoose~ors aad aedgns ot th~
~aid Ma~ta~ wAenvr t!r eonteut so require~ ar admita. ~
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WITN833BTH: Tl~t tor d~ve~s ~ood aed valuabk ooasid~~tjoae. ~nd ~lso in eaasider~tiQo ot tM ~regate aim O
n~msd fe tbe pt~i~y aote at even date herewith l~reirufte~ dsscribsd. tbs said Mortgagor does Me+ebp i
~~0~. ~lt~0. Mn. a~. !'!lAIM. il~E~lM. COIIVly eBd OOAC1t111 pA~O LFl! .MOTf~aaMl. ~~M. ~f0['~ ~
vI ~M qf~Ll ~!Cl.... ~tll.... Or ~tlCl.... O~ O~ wA~t~f Cb! Mb MO!'CSt~Of I~ D0~1 N~Lld ~Od
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= po~d and ii~aetud poas~ion, sitwte in the County oi 3t. Lueie and 3tate ot P'lorid~, d~ibed u foUow~ ~ N~
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. Unit Weeks 22 and 41 in Condominium D-13 ~ N
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consisting of Apartrtient Number D-13 and its undivided share ~ x
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' of the comnon elements of Turtle Reef Condominium I, as such is ~
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` described in the Master Form Deed, recorded in Official Records Book
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~ 263, Page 2002. This is a purchase money mortgage. - ~~'H
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It u further ~~reed between the parties to this tnortg~ge that. in additioa w the terms and conditions set
out b~eein. Ii • oonveyaace sbouid be made by the Mortgagor oi the premisee Derein descn'bed. or any P~rt t
tl~eot. witl~ont first obtaining both tbe written consent ot the holdar F~e'eot. and an assumptio~ ot tbit ~
ob~iaatba. in writioa. by t6~ new pra~po~sd Gnates. then. and ia ttut event. ~t the option ot ths 6oider Be~rof.
wit6out notiee. all sums. ot modsy sseured hereby ahall, immed'utely and eoneurreatly wit6 sueh oonveyanoe, beooms -
dw and pay~bis ~nd s~id Note and Nortgags slull be in default.
'lb HAVE AND TO HOLD the sama, t~ogethat with all and singular the teabments. l~ee~editamsnts and
purt~oanoa~ tlwr~mto b~baging or in anywise appertainiag aad t6e rever~on and revereion~. remainder ~nd rs
maindK~, reota. i~sues and profits tliereof and also all the estate. rigAt. titk. interzst. PropertY. Fos~ession. eWm and
de~n~nd wbitaoever as well in l~w ~s in eqaity of the aaid Matgagor in and to the same and avery- part and
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p~roe~l tl~eof nnto th~ aaid Mortg~gee. and hi~ heirs, snecessors aad ~ssigns. in tee aimpk. -
And Mid Mottgasor. for himself. and hia heirs. legal repr~eatativ~s. successon and ~esigns. heceby oonveo~nb
wit6 ~aid Mortg~~ee, his beirs. iega~ *ep~entatives. ~ccessors and assigns, tlut said Mortg~r u indefeas~'bly
~eised of s~id land in fee ~mpk: tAat the said Mortgagor has fi~U power and lawdul ri~ht W ooovsy tbe s~me in fee
aimpls u dores~id: tAat it sluU be I~wful for said Mottg~aee, his heirs. legal representatives. woeeseors and a~signs.
' at dl tin~ P~~Y ~ 9uietlY ~ W eatar upon. hoid. ooeupy and enjoy s~id lu~d u~d eveqr p~rt t~ereot:
t6at wd land is irse from all intumbrances: that said Mortgagot, his l~eirs, iegal represent~tives, suooes~on ~nd
w71 m~ke soch turther ~ssurancaa to perfect the fes simpk title to sa~ Wid in s~id Mrotgagee,
hir bsirs. leg~l tepeesent~tivee. sutceasors and aseians. ~s nuy rea~onably bs required: and tl~at wid Malg~gor
' doe~ hereby fnlty warrant the titie to said land ~nd every put thereot ud wn7l defend the same a,gainst ths '
' Iawiul elaims of all persons whom.+oever. ! i~ t I~`. ~1 O~ `
~ It is understood that e~cA ot tbe word~. ..note.•. •.mort6~8o~•• ~••~B~Be~•• ~P~tively and t6s pcooounr •~C~~
~ raterring thereto. whether in the ~ingular or plursl anywhere in thie mortgage. sLaU be aingular if one ody ~nd N# i l l T• D`
~ s1~a11 be plura) jointly and xverdly. if mare than one. ar~d sAall be m~sctiline. fp•,+~~i~ ae~Jor aeucer. wl~ever 4 m~m--~
f tbe ooat~st w implies or admits. ~ r`~~2
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j And wd Mortga~ tor himseH aud his heirs. legal repre~ert~tive~. euocessors and as~igns. 6ereby oovenants ~nd " i~O D;
j~;,_~ n.
~ree~ to and with said Mortg~gee. his {egal rspresentatives. succeasora and assigns:
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1. To p~y all and sinRular the principal and tntsrest and the various and sundry wms of mooey PsYabk b~? 1+:~:~.~f '`p T i
virtue of s~id promissory note. and this mortg~ge. each and every. pro~nptty on the daye respectivdy the sams "''''~w
s id ' = -
sevenlly become due. +1 ! ' `~r
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2. To p~y all and singulu the tues. aeseaameats. kviea. liabilities. ohligationa and incumb~ances of eve~y ~
u~ture and Icind now on said described property. and/or that l~ereafUx may be unposed. euHered, plaoed, lsvisd
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~ ar as~eared t6ereupon. snd/or tlut hereafter msy be kvied or assessed Upon this m~ge andlor the indebtedness ~
sscvred hereby. e~ch and every. when due end p~y~bk socording to 1aw. before tbey beoome delinque~k ~nd j O
beforo any iaterest ~ttaches or any penalty is incurred: •nd in so fu as any thereof is of record the sams s6~11 be
prompttr satisfied and diacharged ot cecord and the original oftuial document Isoch as, fa iustanae, t6s tu
no~ipt or t6e satistactioa p~per otficiaily endoreed or certifiedl shall be pi~ced in the lunds ot ~ald Mortgagee
~ ~.~chjn cen d.y ne~cc .tcer p.y~c: ¦na ~ ct~e ~?e~c chac ~ny thereot ~s noc eo sac~srsd ~;sch.reea, -
wfd Mort~agee may at any time pay the same or any part thereof without waiviag or affecting anY apti~on.
tien, equity or rigbt under or by virtue ot this mortg~ge. and the fu11 amount oi e~ch and every such payment sbaU
~ b~ immediately due ~nd p~yable aud s6a11 bear interest from t6e data tl~ereof until paid at t6e nte of tm per
~ oenWrn per annum and cogsthet with such int,~rest shaU be see.vred by the liea ot this mortgaae.
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~ 3. To pl~ce and continnousty kesp on the buildinge aow or 1ser~fter sitwte on said land fire end windstorm
~ inwrasee in t6a unul standard poliey torm, in a sum not les~ thaA the amount due hereoa, in euch oo~ny ~
~ or oanp~nies ~s rnar be approved by said Mortgage~ and all such insuranoe policies on ~ay ~ot eafd b~ildingr. any
~ int~t tharein or {wt tber~eof. in the aggregafe sum aforesaid or in e~osss thereof. shall coatain t6e unLl I
~ d~ad~rd anortgagee clause n~king t!~ bss undez eaid policies. each and every. P~Yabie w s~id Mortg~gee as !~L
int~rMt may app~er. and e~ch ~nd every sueh policy shal! bs promptJy ddivered to and bsld br afd Mo~t~c
~ind. not !a~ ttya teo days in adwnce of the e~iration ot e~eh poficy. to delivK W~aid btartg:~ • tw~wd
tb~e+wf. t.osetber witb a recaipt for the premium of sneh renewal: and tl~e ~6~11 b~ oo wch ins~n~nos pi~ad ~
oa any of safd buildiag~. aoy iaterest thee+ein or p~rt thereof. nn1Ma in t6s tona and wit6 tlw ba payabM as
~ aforewid: aad in tl~e ev~nt any sum of money becomes p~yabk uader wu6 potiep or policla and qid Mart~ J
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