HomeMy WebLinkAbout0885 BUILDIN6 "D" ~
45(~'751 ~
THI3 MORT(iA(iS DEED, mads uid e:ecuted ihe 21S~j, ot ~y 19 78
by David l. MacCuish, a single man of 1608 SW 13th Street, Ft. Lauderdale, FL 33312
e.r.~.te.r ~.usa cb. ..e;~n e~ .b.u ~n,ae cb. n~. ~ ~...oaa~?e.. .ua
o! the aid Mortg~or wherever tM conte:t so reqniree or admits.
to TURTLS AESF A3~OCIATE3. INC.. P.O. Bo: 618. Jeasen Aeach, FL 3345~ ~ _
h~einattar caUed' the Mort~gee. which tetm ahaD include the suoeeesors aad aseigne ot the
said Mottg~aes wherever the conte:t s~ requiros or admits. .
WITNE33ETH: '1'h~t tor devers good ~e~d valuabb coneidentia~s, and also ia ooasidentiQn ot the aggregrte sum
aamed in tAe promissoqr note of even date herewrith harsinaftar described, tbs said Mortgagor doea he~eby
aran~ bargain. ssU. alien. reeniss. release. oonvey and cont'irn~ unto t!?e said Mottga~es, his heirs. euooeesors and
a~n~, ~ll the eertaio pisce..., paroel.... or traet.... of 1and. ot w6ich the said Moctg~ is now eeized and
posssssed aad inattwl posseasioa, aitwte in the County of 3t. Lucie end Sute of F'lorida, deecribed sa tolu+we:
Unit Weeks 49 and 50 in Condominium D 19
consisting of Apartmer.t Number D 19 and its undivided ~i;:~_
of the comnon elements of Turtle Reef Condominium I, as such is
described in the Master Form Deed, recorded in.Official Recor~~
263, Page 2002. This is a purchase money mortgage.
It is turt6er agreed betwaen the partie~ to this mortg~ge that. in addition to t6e terma and toncitio:~s x_
out - berein. if a oonveyance should be nude by the Mortgagor of the prrmises be~ein dexn'bed. or an~ ~r'
tbareoi. wit6out first obtaining both the written coaeent ot tbe holder hereof. and an aeaumpti~a of Ltie
obligation, in writins. by t6e new proposed Grantee. then. and in chat eveat. ~t the option ot the hoider here~f.
witl~out notios. ~11 wme ot a~oney seenred I~eeeby alull. immed'utely aad ooneumntly with auch eonveyanoe. beoome
due ~nd p~yabls ~nd iaid Note ~ad Mortg~gs shall be in default.
TO HAVB AND TO HOLD the same, together wiLh all and singular the teoementa, hereditamenta and eR
p~rteetanoe~ tl~arsanto bebaging or in anY~~ ~PP~~B aad tAe reveraion and revereions. remainder ~nd re
oo~indecs. rsnis. iswes ~nd profits thereof and dso all t6e estate. right. title. interest. P*~P~~Y. P~mn. daim and
deta~nd wlutsoever as weU in Isw s~ in equity of tbe said Mortgagor in and to tAe same ~nd every part ud
p~rosl thereof unto t6e stid Mo~tgagee. snd his heirs. successors and assigc~, in tee simpk. Q
And seid Mort~agor. for himself. aad his hein. legal reprssee~tatives. ~cce~soro and assigne. heceby rnnvenants ~ i
witL s~id Moctgages, his hei». legal rep~utives. euooessors aad assigns, that eaid Moctgagor ie indefeas~bly ~
ssised of s~id land in iee ~impla that t6e s~id Mortgagor has full power and lawful risht to ooavey the aame ia fee ~
simpb as afaresaid: t6at it ahaU be lawhil tor s~id Mortgagee. his heirs. legal representatives. wccessoro and assigns, p~•
~t dl tia~ss pe~ee~bly aod quietly to eater upon. bold. oavpy and enjoy aaid land wd every part thereof:
that s~id laad is hee from all incum~: chat said Mortgagor. !us Mirs. {ega! ropreeenutives. succeaeors ~nd
~ssigns, w71 make suth further ~ assuranoes to pertect the fee simpk titk to s~id land in s~id Mroigagee. ~
!us heirs, legal represent~tivea, euceeseora and asaigns, as may re~~ontbly be required; and that aaid Matgagor
does 6aeby tuUy warrant the titk to said land aad every part thereot ~nd w~71 deteed t6e same againat the ~ ~ ~
lawful tlaime oi ~ll persons whomsoever. ~
; ~ ~ 3
~ It ia underatood that e~ch of the worda, "note". "mortg~gor" ~nd "a?ortgagee" respectively and t6e pconouns
~ referring t6ereto, whether in the aingular or plural snywhere in this nwrtgag~e, shall be aingulu ii one only and ~ ~
ehall be plural jointly and xve~ally. if mare than one. and shall be m~scnline. teminine and/or ~uter, wl~erever ~
the oont~t so implies or admits. ~
Md stid Matgaaor tor himselt and his heirs. legd reprasent~tives. suoees~ors ~nd as~igns. hereby covenante ~nd ~ ~
agrses to uid wit6 said Mortgagee. his iegal rep~sentatives. eneeessors and assigns: .
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1. To p~y all and singuler the principal and intereat. and the v~rious ud sundry sums of monry psy~ble by
virtue of s~id promissory note, and this mortg~ga, eech and every, promptly on the days respectivdy the snme
xveraUy becoene due.
~ 2. To p~y all and eiagulu the tazes, aasesements, levies, li;bilities, oblig~tions and incambrances of rvery
~ nature and kind aow on said described pmperty, andior Lhat 6ae~tter rwy be imposed, euffered, plaoed. {evied
or aseessed t6ereupon, and/or that here~fter n~y be levied or asseesed upon this mortgage and/or the indebtedneas
sscured bereby, each and every, when dne and payabk aeoording to Isw, before tbey become delinquent. +:~c+
~ before any intereet attachea or any penalty is incvrred: and in so tu aa any thereof ie of record the aame ehatl tx:
~ prompttp atisfied and dise6uged ot reeord and the origind offxid documeet (s~ch ae, for inatance, the t~z
e~scaipt or tbe satistsctan ptper oi5cially endorsed or certifiedl shall be plaoed in the handa of said MortgaRe_
~ wit6in t~sa days ae:t after payment: and in the event that any thereot is not so paid, satiafied and dixhergod.
- said Mortgagee may at any time p~y the eame or ~ny part thereot witho~t waiving or affecting any- option,
~ lien, equity or right under a by virtue of this mortg~ge, and tlu fi~ll ~mount of each and every auch peyment ~hell
~ bs immediately due and p~y~bk aad s6~U bear interest from the date t}kreof twta'1 p~id ~t the rate of ten per
~ oentutu p~ ~anum and togetl~er with suth interest ahaq be sec~red by the lien ot this mortgage.
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~ 3. To ptace and continuously kesp on the bnildinge now or he.re~fter eituate oa said land fve end ~vindatnrn+
~ insur~noe in t6e usual atandard poliey form, in • eum not kes than the amount due hereon, in such oompany
; or companies as may be approved by said Morigagee: and all euc6 insuranae policiea on any of uid buildinga, any
s interest tlierein or part thereot, in tbe eggregate sum atoresaid or in ezcess thereof, shaU rnntain the usual
~ staadard awrtgagee clause making the b~ under ~aid policies. e~ch and every. p~Y~bie to said Mortgagee ~a hia
~ iatere~t m~y appe~r. u~d e~ch and every suc6 policy slull be promptly ddivered to and held by said Mortgag9e:
u~d. not less tban ten day~ in advaace of the e~ir~tion of e~ch policy. to delivK to ~aid Martgagee • e~eoe+r~
~ thereot. together with a recaipt for the premium of such rsaewd: and t1~s sbaU be no each insurance pta~c'
on any ot said buildings. any intereet tl~erein or part thereof. ualeas in tbs form and witt~ the lose payat~7e ..e
~ ~foresaid: and in the evsnt ~ny sum of mooey becomes p~yabk under soch policY or policies and eaid Mor~6agac
i g~~x 312 Fa~~ 883
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