HomeMy WebLinkAbout0829 ~
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. BUILDING "C" 4~~28 ' ~j
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TH[S MORTCiAGE OEBD. tpa~ and e:ecuted tbe ?Otha.y or ~une 1g 79
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by Lester A. Hanneman and Maril n R. Hanneman, his wife of 1006 Cobble Hill Ct.,
H ffman Estates I11. 60195
Aeroin~ftsr esUed ths MortgaRor~ whlch tum ~h.U indud~ ths heirs, lega! eepreesnt~tivss. successor~ ~d asd~eeu
of tht aaid Mortg~gor ~rherever tM context so requirea oe admit~, u
to TURTLE REEF ASSOCIATES. INC.. P.O. Box 618. Jenxn Beacb. FI.' 33~57
herelnatter caUed' ths Mo~tgag~ whkA term shaU includs t6s sueces~ors and a~i
said Moetgages ~rherwsr th~ coate:t so req~irh or ~dedcs, ~8~+ ot tM
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WITti'ESSETH: Tlut tor deven good and v~luable con~idtntions, and el~o i~ ton~i~~~p ot th~ ~'d
tiamed ia the promjsaory note ot even date here.vitA hereinatter dexri ~A ~j
graa~ bugain. veU. ~lien. remi~. n~N~. ~nvey ~nd con6rm unto the said'~jblor~ ~'d 1?lortgagor doea
assig~ns. all the tert~in pieee.... parceL... or tr~ct.... ot 8~8~• h~+ 6eir~. suooeaw~s and
Pcs.+s~.sed ~nd iaactual ~d. ot ~?tich the aaid Matgagor b eww seiud u~d
poaae~~ion, situste in the Couaty of Sc. Lueie a~d State ot Florida. drxribed ~,s tolbwx
Unit Weeks 37 in Condominium C-3 -
consisting of
Apartment Number ~'3 , and its undivided share of the cormwn
elements of Turtle Reef Condominiums 1 as such is described in the amended
Master Form Deed as recorded in O.R. Book 256, Page 235. •
m This is a purchase money mortgage.
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~ It ia lurther agreed betwesn the rties W this mort
~ ~ 8~8e in addition to tbs terma and c~ditions~ snt
~ ~ out hereiei. it a oonveyanee slwuld b mad~ by ths MoKgagor o[ ths premi~ss herein descn'bed~ or awr p~
v~ i6e:eoi. w~ithout 6rat obt~ining both the w~ritten consent of the boldec bereot and an a~ ot ~
e`obligatioo. in wrItiag. by t6s aew proposed Grantes. thea. u~d in that sven~ at ths optio4 of t1u bolda beieoL
,n. ~ q~ without aotice. aII sua~., of mon•r sec~ubd h~ebr sbail. im~oediacely and oona,rrmd
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dw aad psyable md s~id Note and Mortgags sludl bs ~n dsfayit
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O I ` 1~0 HAVE AND TO HOLD t6s ssma togathe~ with all and
1~ G~ therennto beb he:editamsnts ~nd ap~
~ . ~ m~in'~d
.~nas nb. bsues and p
fgs thereot ar~d also~e~°agtate.d hte. titl~re~ reversion0. rnnsinder and re-
i' ~:v s~d ~?hatsoever aa weU ir? law as in ~quity oi t~e said Mort P~'O~Y. Po~xs~ioo. claien and
~ y ~ tdereof unto the seid Mort 8~8'~ ~ and fa t6e same ~nd every part ~nd .
~ c~~ gaRee. ~nd hia heirs. snccessora ~nd a~~igcu. io fee aimpte,
U M Md said Mortgeg~or. !or him~elf. and hia beirs. 1e8a1 representattves. auoaasoca and aasign~. hereby coaveaaata
th said Mortgsges. 6i~ heire. legal reprexntatives. successon and asaigns. that said Mortgagor i~ indefessibly
p ~ ot said land in fea sunple; that tha said Mortgagor hes fu11
s~mple as afore~aid: that it shall be lawful for aeid Mort a ~d <D tOnvey the sam~ in ~ee
~ ~at all times 8 6~. his heirs. leltal r'eP++e~entativee. successors aod assign~.
I f~ peaee~bly and quiedy to enter ypon, lw~d, oceupy Mjoy ~d l~nd and every part th~eot;
I t6at said land Is tr~e trom all incnmbrance~; that said Mortgagor. hie heira, kgsi npnxp~~~~~ w~a~s
gs
I ~+~6~. ~1 malce ~uch turthe~ a~su~ra~ea to perisct the !ee aimpk tit4 to eaid land in said Mrot8~8~.
~ bis bein. legal reprexntativea. succe~ors and a~igna as may rason~blY bs reqnired: and tlut ~aid Mortgagot
does bereby fully ~varrant the title to said land and every part thereof and w~l defend ths same against the
~ lswful claims oi all persons whomaoever.
~ It ia naderstood thht ach ot the word~. "note". ••mortg~go~ • and Nmortgeg~e» respectively aad th~ proeaun~
~ refening thereto. whether in the ~inguiar or plural anywhero in thi~ mortgage. sh~n be singul~ ~ ons ody aad
i shdl be phual joindy and severaUy. if more than ons. and sbaU bs raasculin0. feminins aad/or neuter. wberrver
~ the oontezt w implies or admita.
Aad said Mortg~goT for bimself and his Iuirs, kgal repe+ss~ntative~. ~uocaao'e and assigns, 6ersb~? oovenants and
~8~~ to and wr~th said Mort8e8~es. 1w legal repressatatives. suocesaors and asaignx
l. To pay aU and singular the principel and interr~t and ths vuious and aundry sum~ of money payable by
virtue o[ eaid promis~ory aote, and thu mortgage, each and.every, prnmptly on the daya reapectivdy the san~ ~
severaUy Mcome due.
2. To pay aU and aingular the ta~ces, aax~~ments, kvies, liab~ities, obligations a~d iaeumbranees of every
aature end kind now on said dexribed propeety, and/or that heresher ~my be impoxd, suffetrd, plsced. lavi~
~ ar aa~es~ed thereupon. and/or that hrreafter mey be levied or aexseed upon thiu mortgnge and/or the indebtednrai
secured hereby, each and every. when due and psyeble according to law. betore they beoome detinquea~, and
~ betore any interest attaches or any penalty u incurred; and in ao tar any thereof L+ of record ths a~ms diall bs •
promptly aatis~ed •nd dixharged ot record and the original otficial docuq~ent leuc6 aa, for instanoe, the t~uc
~ receipt or the satiefaction paper ofticially endoroed or eertined) ~hall be plACed in the IfADl~! of safd Mortgages
within ten deys nert ~fter payment: and in ths event that any thereo! ia t~ot so paid, satufied and dixharged,
~ said Iltortgagee may at ~ny time pay the eame or any part theroot wfthout waiving or aHetting~ any option,
~ lisn, equity or right under or by virtue of t!w mortgege, and the fuU amount of each aad evetp such puyment ehaD
~ be immediately due and Dsyabls and ahall bear intere~t lrom the date thereot unt7 pdid at the nte ot ten pe:
~ eenturn per annum and toget6er writh auch intere~t efiall be savred by the liea oi tl~ie mortgage.
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s 3. . To plece nnd continuouely kcep on the bu~dings no~r or heseafter situate on aaid land C~re and w~ind~torm
~ in~uranee in .the ususl atandsrd policy forra, in s aum not less than the amount dus Aereon. in ~uch co~opsny
~ or compsnie~es may tie approved by said Mort
~ intereat therein or psrt thereot, in the a ~d ~~u~ P°L~~~° on .rr ot .,~e e~~i;~., ,,,r
~ ggregate sum aforesaid or jn ezceaa thsreof, ahaU oontain tbs uwal
~t~nd~rd mortgegee tleu~e malcing the lo~• under seid poticies. each and every. pey~bls to sa[d Mortgag+e~ aa hL
~ interest may ~ppe~r. •nd ach and every eucb policy ehell bs pr,omptly delivered to and beld by safd Mortgagw
~nd. aot lese t6en ten d~ys in advance ot the s:p[ration ot eseh poliry~ to ddiwr to ~aid Matg~~e~s a e~wal -
thereof. together with a recsipt for the premium ot such renew~l; and thae shu11 be no such insurnncs plaosd
on ~ny ot e~id building~. any interost tMrein or p~rt theroof, unbs~ in ths iorn~ ~nd wJth t1~~ bas pay~bls ~a ' ~
•foreMId; and in ths event ~ny eum ot mofley become~ payable uAder ~uch poL'cy or policiea and said Mortg~gs~
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B~!~K e'~E O~~