The URL can be used to link to this page

Home My WebLink About0864 i . . BUILOING "D" 4~74~ ~ THI3 MORT(3AGE DEF.D, made e ecu th 12th da ot ~~h 79 Donald S. Shanis and ~onn~e ~.~3Tian~s, ~'~~raves Lane, by Philadelphia, PA. 19118 Mniaatter taUed tM Mortga`or. which term shaU inctuds tM hsire. kgal repee~sat~tivss. suecsewn and aNigeu ot tlis ~tid Mortsagor wrA~errer the conte:t so requiros or admita, to TURTLS BEEF A3.90CIATB3, INC., P.O. Bos 618, Jeesen Be~ch, FL 33~57 Meeirutter calied' the Mortgagee, which term shall include cAe ~ auocessors aad aseigns ot the s~id Mat~ges wherever ths eontext ~o requires or ~dmite. WITNE3SE'PH: T1ut !or devers good and valuabk consider~tans, and al~o in coneidentiQn ot the aggreg~te sam O aamed tn the promiesory note of even date herewith hereinaher described. the eaid Mortgsg~or does I~ereby ~ ~ / 6rant, bu~o, se11. alien. remiee. rekese. oonvcy a~d confirm unto the uid Matgagee, his heir~. successors and a~ns, aU ths certain piece..., partel.... or tntt.... of laed, ot which eRe said Mortgagor is oow aeized and l possessed and inacfual poesesaioe, situete in the County et St. Lucie and Stata ot Florida, deecribed ~a foUowr. Unit Weeks xX and 50 in Condominium D-11 consisting of Apartment Number D-11 and its undivided share of the common elements of Turtle Reef Condominium I, as such is described in the Master Form Deed, recorded in Official Records Book 263, Page 2002. This is a purchase money mortgage. It is turtAer ~greed bet~veen the perEies to thi~ mortgage that, in addition to the term~ ~nd conditions set out 6erein, it • eonveyanee should be made by the Mortgagor of ~he premisee herein described, or any p~rt therout, without t~rst obtaining botA the written rnnsent ot the hoidar hereof, and an aaaumption~ of thie obUgation, in writing, by t6e aew proposed Grentee, then, and in that event, at the option ot the 6older hereof, without notice, aU aums ot awney eecured h~r~eby shaU, immediately and concurrently writh such conveyanoe, beoome due ~nd p~yabk ~nd ~aid Note and Mortgsge shdl be i~f detault. ~ TO HAVE AND TO HOLD the ~ame, together with all and aingular the tenemeats, hereditameats and ~p- pucteoanees thereunto bebnging or in anywrise appertaining and the rever,ion and rever~ions. renuinder and r~ maindars. rents. issues ~nd pw6ts thereof and also ~Il the estate. right. titk. intemst. P~~Y. P~a~ claim aad demand wDatsosver as weU in law as in equity of the aaid Matga~ in and to the same ~nd every part and p~rcel thereof unto the said Mortgeqee. and his heir~, aucces~a and essign~, in tee aimpk. - And said Mortgagor, tor himselt, end his heirs, kgal repressntatives, ~uccessors ~nd asaigna, hereby convenanta with eaid Mortgagee. his t~eirs. kgal reprexntatives. ~ucoeseors and assigns. that said Mortgagor is indete~sibly . ~eized ot said land in tee simpk: that the a~id Mortgagor !ua fuU power and lawiul right w oonvey the same in tee sunple as atoresaid: that it ahall be lawful for aaid Mortgagee, hie heira. legal representatives, sueoeseors end aseigna, ~t dl times peaceaMy and quietly to enter upon. hold. occupy and enjoy seid land end every part tl~eof: that wd land is free trom ell incumbrsncp: that seid Mortgagor, hi~ heira. legal represent~tives, eucoe~eors and aasigne, w~71 make sueh turther assuranoea to perfert the tee aimpk title W said laad in said Mrotgagee, his beirs, kgal npresentative~. succeseor~ and assigna. es may reasonably be required: aad that said Mortgagor doee berebq fully warrant the titk to aaid land end every part thereof and will detend the ssme againat the ~ g f l~wtul claima ot all persona whomaoever. o~ ~ 3 It is understood that each ot the worda. "note". "mortgagor" and "mortgagee" respectively and the pronouns ~ ~ referring t6ereto, whNher in the singular or plnnl anywhere in thia mortgage, ehall be singul~r if one only ~ed w ~ ahall be plurd jointly ~nd ~everally, it more than one, and shall be maec~line, teminine andlor ne~ter, wl~er~ver ~ ° the ca~te:t so implies or admita. ~ f~ ! And aid Mortgagor for himeelt ~od hie heira. kgal represenatives. euoeessors and assigns. hereby covenants and ~ ~ ~gree~ to and with aaid Mortgagee. hia lep~al repreeentatives. aucce~~ors end aesigns: ~ 1. To pay dl and singular the principsl and intere~t snd the veriou~ end sundry eum~ ot money psyable by • viri~u of ~aid pmmiasory note, and thi~ mortqage. each and every, promptly on the day~ reepectitely the same ~ 3 ~ xveraUy become due. ~ ~ ~ 2. To pay all and singular the tues, asseaaments, levies, lubilities. obligetion~. and incambnnce~ of every ~ ~ nature ~nd kind now on eaid dexribed property, andlor ihat hereafter may be imposed, suffered. Plaoed, ievied ~ ~ ~ or aasessed thereupon, end/or thst hereafter may be levied or a~seseed upon this mortgage andlor the indebtednese ? secured hereby, each and every, when due end payabk eccording to law, betore they becorn~ delioquent, and • ~ ~ before any intereat atuche~ or any pcnaity ia incurred; snd in ao fsr as any thereot i~ of record the same ebaD be . promptly satisfied and dixharged of racord and the original official document Isuch as, for inatanae, the tu ~ receipt or t6e sstistactan p~per otficially er~dorsed or certifiedl ehall be placed in the 6anda of said Mortgagee ~ within t~ d~ys ne:t after p~yment: and in the event that any thueot ia not ~o paid, eatisfied and dixturged, Y s~id Mortg~gee m~y at any time pay the same or sny part thereof writhout ~v~iving or affecting any option. ~ lien, equity or right under or by virtue of thie mortgage, and the full amount of ~ch and every aucA payment shall ~ bs immediately due and p~yabk and ehaU bear interest from the date thereof until p~id at the ate of ten per $ ceaturn per annum and together writh such interest shaU be secured by the lien ot this mortgage. z ~ ! 3. To place and continuously keep on the buildinge no~v or heresfur situ~te on ssid land ~re snd w~indstorm insurance in the uewl standard poGcy form, in e sum not lee.+ than the amount due hereoa, in ~uch oompeny ~ or oomp~nies •s may be approved by eaid Mortgagee; and all such inaurance policies on any of said bu~dings, any ~ iaterest therein or part thereof, in the Aggregste sum eforesaid or in e:cese thereof, shaU rnntain the uiwl ~ stand~rd mortgagee clause melcing the los~ under aaid policies, ach and every, payebk w~aid Mortgegee as bL interert m~y ~ppear, and e~ch ~nd every such policy eiull be promptly delivered w and heid by ~aid Mortgag~s; and, uot kss tAan ten days in advance of the e~ir~tion ot e~ch poL'cp. W deGv~ to iaid Mortg~~ss • rao~w~l thereof, together with • receipt tor the premium ot such renewal: ~nd th~e ahall be no euch inmrarue pl~od 0o any of eaid buildings, any interc~t therein or part thereot, ueileae in the for~n ~nd with the bss p~yable aa atoresaid; and in the • evbnt any sum of money becomes p~yabk under such policy or policies ~nd said Mortgage~ i g:1~K31~ e~~E 862