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Home My WebLink About0874 . ~ ~ ' 6UILDING "D" '~~~46 ~ 79 ~ THI3 MORTGA(3E DEED, mad~ u~d esecuted the 22~da.y oc J8n' 19 $Ur Maurice St. Louis and R~ynan~e Sa~yegh of 50 De La Grande Anse, Laval/Le Lac, Quebec, Canada H7Y1T8 MevinaftK ulld tM Mat~~. w6ieh t~m ~hall inelude tM heirs. kgal ro{xessatative~. suoeeMOn u?d u~ign~ of the eajd Mortgagor wherever the conte:t ao requires or ~dmits, to TURTLE REEF A330CIATES, INC.. P.O. 80: 618. Jensen Be~ch. FL 33457 l~einatter ealkd' the Mort~agee, wrhich t,~rm shap inelude t~e sueceasors and assigns o[ tbe s~id Mortg~ges wharever the conte:t so requira or admits. WITNBSSETH: That tor devers good u~d vdusbk co~ajder~tions. and also ia ooesideratiQn ot the ~egace snm eamed in the promissory oote of eve~ date herewith heceuufter described, tM said Mort~agor does he~+eby ~ran~ barsain. seU. aliea. remix. rekase. oonvey ~nd eonfvm unto tAe s~id Mortgases, his heirs. eucoe~sors ~nd ~r. dl the certdn pisce..,. parcel.... or tr~ct.... ot land. ot wAich tbe aaid Mortg~ is aow s~red ~nd pwMSSed and inattual possession, situate in the County ot 3t. Lueie and 3tate of F{orid~, deicribed ~s idbwt Unit Weeks 44 and 45 in Condominium D-9 . consisting of Apartment Number D-9 and its undivided share ~ of the comnon 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 further agreed between the p~rties to this mortgage that. in addition to the terms and oonditiona eet aut 6eroin, if a conveyanoe slwuld be made by the Mortgagor of tAe premiaes hereia deseribed. or any part tA~eot, witl~t tirst obtaining both the written conseat ot the bordar hereof, and an aseumptioo of this oblig~tion, in writing. by ths new propo~ed Grantee. then. and in that event. at tbe option ot ths lalder 6er~eot. without eatice. ~Il sums ot money secured hereby shaU, immediately and ooncurra~tly with such tonvey~noe, beoome dus and p~y~bk ~nd said Note ar~d Ma~tgage shall be w detault. TO HAVE AND TO HOLD the ~ame, together with all and singular the tenemeats, heredit~ments and purt~o~aoss thereanto bebngiog or in enywix ~ppertaining and the reversan and reversions. eem~indec and rs mainden. rsnts. issaes and pro6ts thereof and elso all the eetate. right. titk. interest. P~Y. P~~• cWm +nd deenand whatsosv~ as weU in law as in equity of the said Mortg~gor in and to the sarae and every part snd parosl thereot unW the said Mortgagre, snd his heirs. ~ucceasors and neaign~, in fee aimpk. And uid Matgagor. for himselt. and hie beirs. kg~l repressntativea. aucce~aors and ~saigns. Aereby aonvanants wit6 s~id Mortgagee, his heir~, kgal repre.xnutives, auccessors and a~signs, tlut said Matgasor ie indefe~sibly seired ot s~id W~d in tee simpb: that the said Mortg~gor has fuU power and lawful right w convey the aame in fee simple as aforeaaid: that it ~haU bs lawfut tor aaid Mortgagee, his heirs. {eg~l representatives, sueoessors and aseigns, at all tia~es peaceably and qoietly to et~ter upon. lald. occupy and enjoy said land and every put tlieeeof: that said land is free from all incumbranc~s: that aaid Mortgagor. hia heirs. kgal represent~tives. sucoessors and assigns, will malce such turther ass~uanoes to pertect the fee eimp4 titk to said land in s~id Mmtg~gee. his l~eirs, kga! representatives, suece~sore and aaaigns. a~ may reawnably be required: and that s~id Moctgagor ' does her~by fnUy warrant the titk to ~aid land ~nd every part thereot and will defend the same against tbe ~ iawhil cWms of all per~ons whomaoever. I i ~ ~ It is understoo~ that eath of the words. "note". "mortgagor" and "nwrtgagee" reepectively and Lbe prononm E referring t6ereta. ~rlfNher in the singular or plural enywhere in thia mortgsge, ~haU be aingular if one ody and ~haU be plural jointly and severelly. ii nare than one. and shall be ro~eculine. teminine andlor ne~iter. wl~eva ~ the oont~t so implies or admits. ~ ~ Md ~aid Mortgagor tor himeelt ~nd his hrirs, legal representatives, suoceesors and assigne, hereby oovenants and ~ ~grees W and with said Mortgaqee. hia legal repreeentatives. aucce~~oro end aeeigns: ~ g ~ • ~ 1. To p~y a11 and aingular the principal and interest •nd the v~rio~~ and snadry eums oi money pey~bie by [ virtue of said promiesory note, and this mortgage, each end every, prompdy on the day~ reepectivdy the sams ~ ~ ~ aeverally beeome due. - 2. To p~y all •nd singutar the tazes, assessmeats, leviee, liabilitiee. oblig~tions and incumbrances ot every ~ ~ ~ aature and Icind now on said dexribed propMy. andlor that her+e~ft~ may be imposed, suftered, plaoed, levied ~ ~ ~ ar aseessed tbereupon, andtor that here~fter msy be kvied or aesessed upon this mortgage ~nd/or the indebtednep ~ ~ secured hereby. each and every, when due and p~yable according W law, before tbey beoome delinquent, wd ~ before any intereat attachea or ~ny penalty is incvrred: and in so far as any thereof is of reoord the sams sl~U be ~ promptly satisfied and. diseharged ot record and the original official document Isuch as, for inetanoe, the taz rooeipt or t6e satiatsct'an p~per officially endorxd or certifiedl shall be plaoed in the haade of said Mortgages ~ ~ ~ within taa days ne:t ~fter p~yanent: snd in tht event that any thereof ia not so paid, satisfied and disch~rged. ~ ~ z said Mortgtgee may et any time p~y tt~e sa~ne or any p~rt thereot without waiving or ~ffecting any option. ~ lien. equity or right uader or by virtue of this mortgage. ~nd the fuU amo~nt of e~eh and every eucb payment shall ' ~ ~ bs itomediately due •nd p~yable and ahall be~r interest from the date iheraof until p~id at the nte of ten per ~ ~ canwrn per annum and togetl~er with auch interest ahall be secured by the lien nf thi+ mortgage. ~ 3. To pl~ce ~nd continuonsly keep on the buildings now or here~fter sitwte on said land fire aed w~indstorm insurance in the uaual sundard po6ey form, in ~ sum not kss than the amount due hereon, in such oompany 4 or compenies ss may be approved by ssid Mortgagee: and all suc6 ineuranc~ policies on any oi said building~, any ~ interest therein or part thereot, in the eggregate sum aforesaid or in ucess thereof, shall oontain the unW ~ ~ndard mortgagee claux malcing the bu under said policiep, e~ch and every, p~yabk to said Mortgagee ~s hi~ ~ int~sn~t m~y ~ppsu. and e~ch and every sucA policy sha:l be promptly ddive~~ed to and 6e1d by aaid Mortga~ u~d, not {ess than ten days ia sdvance of the ezp'v~tan ot e~ch policy, to deliv~r to said Mortgs~ ~ t~wd tliereot, together with a receipt for the premium ot euch renewd: and thers sluil bs no euch iawranos pl~ad ~ on ~ny o( said buildings. any iwterest therein or part thereol, ude~~ ia t6s form ud with tM bss p~yable as afore~aid: and in the event any sum oi money beoome~ pay~ble under snch policy or policies and s~id Mortg~gM ~ i ~ - ~coK312 eaGE 87Z ~ z>_.~.~ ti~ - . _