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Home My WebLink About0869 l . ' / ~ . 6UILDIN6 "D" ~~744 THI3 MORT(3AGE DE~D, mads and e:ecuced the 22nd~y o~ Jd11. 19 79 by Maurice St. Lou1s and Raynande Sayegh nf 50 De La Grande Anse, Laval Sur Le Lac, Quebec, Canada H7Y1T8- ~ h~ninatt~ ealbd tM Mortsa~, wdieh term ~haU iaelude tM heirs, legal cspreseatative~, sueees~o~s and ~aign~ ot tlN taid Mortgagor wherevet the conte:t so requires or admits, to TUATLE REEF AS.St)CIATE3, INC., P.O. Bo: 618. Jsnsen Be~eh. FL 33~S7 Mninatter eaU~d' tha Mortg~gee, whieh term shaU include the sucoeswn and ~ssigns ot tl~e s~id Mort~aas wRerever the conte:t so rcquires or ~dmits. , WITNS3SETH: 71ut for devero good and valuaDle coasidentions, and also in ooaaider~tiQa ot the ~gareg~ce sum . named in the ptomiswry ~ote ot even date herewith hereinaEter deseriMd, tbe said Mortg~g~or does l~ereby arant. b~rgain. ssU, alisn. remise. release. oonvey and confirm unto the aaid Mo~tg~aes, his heirs. successocs and aaians, all the e~rtain piece..., p~rcd.... or t~act.... of l~nd, ot ~rAicA t!?e eaid Mortg~ is now ssiud aad possss~sd a~d inaetual poasessan, aitwte in the County ot 3t. Lucie and State o[ Florid~, deacribed a~ tdbw~ Unit Weeks 49 and 50 in Condominium D-27 consisting of Apartment Number 0-27 and its undivided share Q~ of the common elements of Turtle Reef Condominium I, as such is described ir. the Master Form Deed, recorded in Official Records Book 263; Page 2002.- This is a purchase money mortgage. It is turther ~8reed between the pertie~ to this mortgage tlut. in addition to the terms and canditions aat out herein, if a conveyance sbould be made by the Mortgagor of tlie premisee herein described, or any part t6ereot, withont first obtaining botl~ the wrritten consent of the holdar hereof, and ~n aasumption of this obti~ation, in writing, by the aew proposed Grantee, then, and in th~t event, at the option of the holder l~eeeof, wituoat aotice, ~11 sums ot mouey sscured hrrsby sh~ll, immed'utely and rnncurrentty ~ritb sueh eonveyanoe, beoome dns ~nd p~yabk aad s~id Note and Matgags s}up be in defeult. TO HAVE AND TO HOLD the aame, together with all and ~ingular the tenements, her~ditaments and purtentnees thereunto bebnging or in anywix appertaining and the rrveraion and reveraions, ~emainder and ro ~ rante. i~sues and pro6ts thereoi and also dl the estata right. titk. interest. ProPMY. P~~ claitn ~nd demand whatsoevet as weU in law sa in equity of the aaid Mortgagor in and to the ume and every p~rt and p~rcd t6ereof unto the said Mortgegee, and hi~ heiro, successors and esaigna, in tee simple. Md said Mortgagor, tor ~himself, and hi~ heire, legal repres~ntative~, aucceaaore aad aseigns. I~ereby oonvenanta with s~id Mortgagee. his heir~, kgal repre.+enutives. ~uccessors ~nd assigna. tlut said Mortg~gor is iadefwsibly - ssised ot said land in fee ~impk: that the aaid Mortgagor has full power and lawtul right to convey t6e same in fee ample ~s aforeeaid: that it shaU be la~rful for s~id Mortgagee, his heirs, legal representatives, soceessore and aaaigns, at all times pe~ceably and quietly to ~ter upon, hoW. occupy and enjoy said land aad every part the:eof: , that said land is free from ell incumbrances: that said Mortgagor. his heirs. kgal represeat~tives. successoes and ; asaigns. wiD malce euch furthe~ as~ranoes to perfect the tee simp{e titk to said 4nd in s~id Mrotgagee. ~ his Mirs. kgal represent~tives. sueceseors and aaaigna. ea may reasonably be required: and that said Mortg~gtx ~ ' doee hereby tuUy warrent the titk to asid land and every pert thereof end will detend the same againat the ~ l~w[ul elaima of all peraons whom~oever_ p 3 It is understood that each of the word~. "note". "mortgag~ur" and "mortgagee" respectively and the prononns ~ e w referring thereto, whether in the singular or plura) snywhere in thi~ mortgage, shall be aingulu it oae only and ~ ~hall be plural jointly arid severally, if more t!?an one, end s1~all be m~eculine, teminine snd/or aeuter, wherever ~ _ t6e coate:t so implies or admita. • Aad said Mortgagar tor himxlf and his heirs. iegal represertativa. suoosssors and asaigns. hereby covenants ~nd ~ ~ ~ agrees to and with ssid MortgsAee. hi~ legal reprexntatives, successors and assigns: . ~ 1. To p~y all and sinRular the principal ~nd interest snd the various and sundry sums of money p~yable by ~i 3 virtue of aaid pmmiasory note. and this mortgage. each and every, promptly on the daye reapectively the aams ~ xveraUy become due. 2_ To pay all and singular the tues, esswameats. I~vieb. liabilities, obligationa and incumbr~noe~ of every ~ ~ nature and kind now on ssid dexribed property. and/or that hereaft~er msy be imposed. sufferod, placed. lavied ~ Q or assessed thereupon, and/or that ha+eafter may be levied or aasessed upon this aartgage ~nd/or the indebtedness ` secured hsnby. e~eh and evcry, wl~en due snd p~ysbk according to law, before they beoome deWpuen~ and betore any intereat ettachee or eny penalty is incurred: snd in so fu aa any thereot ie of record the eams sdll be pramptly satiafied and dixharged of record and the originsl official document Isuch aa. for inatanee, tLe t,~z reoaipt or the satiafaction p~per otficially endorsed or eertifiedl ehall be plaead in the handa of Nid Matgages ~ w~ithin ten days ee:t after p~yment: snd in the event that eny thereof is not eo p~id, s~tisned ~nd dischargsd. - said Mortgagee may at ~ny time p~y the same or eny pert thereof writhout waiving or effecting any option. ~ lien, equiCy or right under or by virtue ot this ~ortgege. ~nd the tuq amount of eech and every auch p~yment s6a11 ~ bs immed'utely due ~nd pay~bk ~nd shall besr interest irom t6e datc th~reof uatil paid at the nte of teo px R cm?t~un per aanum and together w~ith such interest shall be secured by the lien of this morigage• ~ ~ 3. To place end rnntinuously keep on the buildinge now~ or !?ereafter sitwte on said land fire and w~indstorm ~ iniurance in the 'uaual atandard policy torm, in e aum not kss than the ama~nt due hereon, in ~uch oompany ~ or coasp~nies ae may be approved by said Mortgagee: end all euch insurance poliaes on any ot said bw'Idings. any interest therein or part thereot, in the eggregate sum ~foreaaid or in ueess thereof, ~ha0 oontain the uwd ~ standard mortgagee clause making the bse under said policies. e~ch and every, p~yabk w said Mortg~gee ~ts inte~t may appear. and each and every euc6 policy ~6all be pwmptly dslivered to and 6eM by s~id Mortp~ ~ aad, not kss than ten days in advance of the e:p'uation of e~th policy. to dsliwr to ~aid 1Kort6~ia •~v thereof, together witA a reoeipt tor tM premium of such reoewal: and thee'e sh~11 bs no such ~mnaoe P~~od 0o any ot said buildings. ~ny intereat therein or p~rt thereof, unie~s in tbs form ~nd with tlis bss p~yable as Jore~aid: ~nd in the event any sum of money becomes p~yable nnder such poliey or polieies ~nd said 1Natg~~ + ~ ~ ~u~K312 ~~~E 86 7 _ . . . _ . 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