The URL can be used to link to this page

Home My WebLink About0854 " ` . ~ . t~UILDING "C" 4~?73~ ~ay THIS r10RTGAGE DEF.D, mads and executed ths 22nda.y ot March 1Q ~9 by Norbert M. Rich and Jac4ueline J~ Rich,_his wife of Box 733, Almonte, Ontario, Canada KOAlAO htreinatte~ caUed ths I~tort~ego~. which term shaU includs the heirs. Icgal repruew~tativea. succe~~ora and assiga~ ot the eeid I?iortgag~o~ ~?herever the con:eat a~ rtquirea o~ admita. - to TURTI.E R~EF ASSOCIATBS, INC.. P.O. Roa 618. Jenxn Beach, FL 33457 • hereinatter eslled' the I~tortgagee, wrhich term ehall includs the ~ auccea~ora ~ad a~aign~ ot the said I~fortgagee whereve~ ths context so requirc~ or ad:nits. ~ WlTNESS67'H: That tor dever~ good and valuable con~ideratiooa, and al~o in con~ideration ot the ~ggregate sum named in the promi~ory note of even date he~e~vitA hereinafter dexribed, the ~aid btostgagor doea henby ~ grant. ber~ain. ~seU, alien, remi~e, releaae, convey ~~nd tonfina unto t1:e ~aid 1ltortgagee, hi~ hein, sutceaaora and a»ign~, sU the cectain piece..., pe~cel.... o~ tratt.... ot land, ot s+Aich the said Mortgagor is aow sei:ed and ~ po~~es~ed and insctuel po»e»ion, situate in tAe County ot St. Lucie and State ot Fbrida. dexn'bed aa toUowx Unit Weeks 34 and 35 in Condominium C~18 consisting of ~ Apartment Number ~-18 , and its undivided share of the comnon # elements of Turtle Reef Condominiums 1 as such is described in the amended ° Master Form Oeed as recorded in O.R. Book 256, Page 235. • This is a purchase money mortgage. r It u further agreed between tha partie~ w thie mortgage thst, in addition to the te~ -and conditiooa ~et out herein, if a conveyance ~hould be mede by ths Mortgagor of the premi~s~ herein descdbed. or any part thereof, without first obtainiag both tl~e writtea COA~lA~ of the holder hereot. and an assumption of t}w ~ obligation, in writing. by tha newr propoxd Grantes. then. and in that eveat. at the option of th~ holda hcreof. x~ ~rithout notice, all wma of money aecured hereby shall. iaunedistely aad ooncuireatly wnt~ sueh oonveyance. beoom~ r o ~ due and payabls and said Note u~d Mortgage stiall be fi defaul~ ~ a~ 1b HAVE AND TO HOLD t6e same, ther with aII and sin ~ ~ toge gular the teaementa. 6ereditameats ard a LL puttenanew thereuato bdonging or ir. anywiee apperteining and the revenion ~nd rever~ions, remainda and re o mainder~, renb, i~uas and pmfits thereot end also atl the estate, right, title, intereat, property, po~xs~ian, daim ~nd ~ v demnnd nhatscever as well in law ae in eqnity of the said Mortgegor in and to t6e ~ame and every part and ar o parcel thercot unto the aaid Mortgagee, and hie 6eire, suecea~s and a~eig~u, ia tee simple. p~ Md aaid Mortgagor, for him~eU, and his heir~, kgal reprtsantativea, sacceasoro and a~sign~, hereby convenant~ ~ g.: d-~ w?ith aaid Mortgages. his heirs, legal reprexntative~, auece~son and assigne, that said I?lortgagor is indeieasibty ~ 3~' ~ y eeised of seid land in fee aimple: that the said Mortgagor haa full power and lawfW right to convey the eame in tee simple a~ aforeaaid; thst it ehsll be Inwful for aaid Mortgagee. hie heir~, le \p gal reprrxntativea, aucce~sors and auign~, ~ ~C ~ at aU time~ peaceably and quiedy to enter upon, hold. occupy and enjoy aaid Iand and every part thereot• ~ that aaid land ia iree irom all incumbrancea: that aaid !?iortgegor. hia heir~, legal reprexntatives, succc~sor~ and ~ ~ ~ aa~igne, aill make such further assurance~ to perfect the iee eimple title to aaid lsnd in said Mrotgagee, ' lii~ heirs. legal repreaentative~, eucce~sor~ and a~igne. ~s may reaeonably bs required• snd that said Mortgagor ; ~ does 6ereby fully watrant the title to ~aid land and every part thereof and will defend ths aame againat the ~ ~ la~rful claim~ of all person~ whom~oever. ! It i~ underotood that eaeh of the word~. "note". "mortgagor" aad "mortgagee" ~pectively and tt?~ pronoune t ~ referring thereto. ~rhether in th"e ainguler or plural anywhero in thie mortgage. ahall be aingular if one onty and shall be plural jointly and severeUy, if more than one. and s6a11 be maecvline, teminins and/or neater. wherevsr j the oonte:t eo implies or admits. 1 ~ And said Mortg~goe tor himself end hi~ Aeirs, kgal reprosentatives. n~ooesea'e and~~s~igns. 6e~sby oovenaats and •grees to ~nd ~vitb said Mortgsgee. hi~ 1ega1 representatives. eqcee~sors and aaaignr. l. To psy aU ~nd aingular the principal snd intereat and the vuiou~ and sundry sum~ of money payable by _ virtue ot eeid promissory note, and thi~ mortgage, each and every. pmmptly on the days reapectively the sams severally become due. 2. To psy aU and eingular the taxes, e~ae~~mente, leviea. Wbilities, obligatioes and incumbrance~ of every ~ nature and kind now on said dexribe-J pmperty. andlor that hereafter may be impox'd, eutfered, placed, levied , or a~~eeeed thereupon, andlor tAat hereafter may be levied or asse~eed upon this mortgege and/or the indebtedne~~ I ~ E eecured hereby, each and every, when due and psyeble according to lnw, before they beoome delinquent, and betore any intereat attache~ or any penalty ia incurred: and in so far any thereof u of record the satns ~hall be G promptly ~atisfied •ad dixharged of record and the original otficisl document leuch as, tor instanc~ the taz ~ receipt or the eati~faction paper ot[icially endorsed or crrtified) sheU be pLced in the hend~ oi uid ?dortgagee . within ten deys nezt after payment: and in the event thst any thtreot i~ not so paid, eatisfied and dixharged, ~ ~ snid Mortgagee may ~t any time psy the eame or eny part thsreof without iveiving or a[fecting, aay optioa, ' ~ lien, equity or right under ar by virtue of thi~ mortgage, and the full amount of eac6 and every auch psyrnent ahall i; ~ be immediately due and payable and afiell bear intera+t from the d~te thereof until paid st the r~te oi ten per ~ ~ centurn per ennum and together with auch intere~t ehell be secured by the lien of this mortgage. ~ ~ 3. To plece and continuouely i:eep on tha bu~7ding~ now or !?ereafter situste on said land fire and ~rind~torm 4 ~ in~urance in thr uyusl standerd policy torm, in a sum not leas than the amount due hereon. in such company ~ ~ or compsnies e~ mey be approved by aeid Mortgages: ~nd all auch imrurance polities on any ot uid buildings. any ' intere~t therein or p~rt thereot, in the aggregate sum afore~aid or in ezcesa thsreol. shaU oontain ths unW ~ ~ ~tandard mortgegee cleu~e uulcing the los~ under said poGcie~, cech snd every. pe,yable to seid Mort~sge~ u 11I~ ' ~ intereet msy ~ppear. ~ad each and every euch poL'cy ahall be promptly delivesed to and beld br sald biortgagsr. • ? ~ •nd, not Irae t6an ten days in advance oi the e:piration of each poticy. to deliv~r to ~aid Mottga~ a rennral ~ ~ thereof, toget6er with ~ teceipt tor the premium ot such renewal: and thae duU be oo sutb insuranes pLod ~ ~ on •ny of esid buiidings. •ay intere~t th~rein or part thereof, uaSeas in ths torm ~nd wltL th~ b~~ pay~bk ~toreeaid: end in the evant any sum ot m~msy hecomee paYable under ruch policy or polieiea ~nd saM Nortgag+s~ . # ' ~~,00 ~ 2 E!; )K ~ PA~E 85~, ~ ~ . _ ~ _ _ .