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Home My WebLink About1116 . ~ „ „ 450887 ~ ; . BUILDING D THI3 MOR7Y3A(3B D~F.D. mads u~d e:ecuted the ~~lv ot NoV _ ~18 78 . by M.A. DesRocher and Marie M. DesRocher, his wife of 5010 Harrison St., Hollywood, Fl. 33021 Mreinatter called tM Mortg~gor, which t~n shall inetude the heirss, kgal repressntatives, succeseors aad aaiga~ of the said Mortgagor aherever the eonte:c eo requires or admits, to TURTLS REEF AS.SOCIATE3, INC.. P.O. Bo: 618, Je~?se~ Beach, FL 33~57 . he~einatter caUed' tAe Mortq~gee. ~rAic~ term ahall include the ~ucceaaors aad aseigns of the ~aid MoK~gee wherever the conte:t eo requiree or admite. • - WITNSSSETH: That for devera good and valuaAb rnnsideratiocu, end also in oonsideration ot tM aggregate sum named ia the promissory note ot even date herewrith hereinafter dercribed, the satd Mortg~gor does hereby 6r~nt. bu'Bain, seU. aliea. remise. rekase, convev end conf'vm unto the ~aid Mortgagee. his heire. auocessors ~nd assigns, all the certaiu piece.... parcel.... or tract.... ot land, of wAich the said Mortg~gor is now seised ~nd possessed and inaetud po~+ession, aituate in the County of St. Lucie end State of Fbrida, deeaibed ~s tolbw~ A 0.1923 % undivided interest in fee simple absolute as tenant in co~ ' in t e certa n real property described in the Master Form Deed of Turtle Reei~ ~ Condominiums 1, recorded in Official Record Book 263, Page 2002, subject to a divestment as set forth in said Master Form Deed and upon such divestment an ~ s t i nt~erv~l ~~n~s~ i p co~s ~s t~i ng of Uni t Weeks 35, 36 i n Condomi ni um D-12 , j and Unit Wee s n Con - respectivley 8 consisting~of Apartment Number D-12 b D-6 , and its undivided share of the ~ ~ comnon elements of Turtle Reef Condom~niums 1, as such is described in said ~ ~ Master Form Deed. This is a purchase money mortgage. o~ n ~ ` It ie further agreed between the parties w thi~ mortgage that, in addition to the terms and conditions eet ~ ~ ~ out herein, if a conveyance ahould be msde by the Mortgagor of the premiaee herein described, or ~ny part : ~ thereof, without first obtaining both the ~vritten rnnxnt ot tbe holder hereof, and sn ~esumption of this ~ vri obUgation, in writing, by the new pmposed Grantee. then, and in that event, at the optan of the hoWer hereof, ~ M~ ~ withoat notice, all suma of money secured hereby ehall, immediately and coneurrently with soch eonveyance, beoome ~ due and payable and said Note and Mortgage shall be in default. TO HAVE AND TO HOLD the +ame, togetl~~ writh aU end aingular the tenementa, hereditaments ud ~R Q~ purtenaaoes t6ereunto bebagiag or in anywnx appertaining ~nd t6e rever,ion and reversiona. remainder and r~ ~ maindere, rents, issues aad profiLs thereof and also all the estate, rigi~t, titk, interest, property, possession, claim and demand what~aever se well in law as in equity ot the said MortgaRor in and to the same and every part and p~rcel thereot uoto the uid Mortgagee, and his heira, succeseors aad aaaiRn~. in fee simpk. And said Mortgagor, tor himself. and hi~ heira, kgal representativea, euccea~oro and aaaigns. hereby ea~venants with stid Mortgagee. his heir~. legal repr~+entatives. aucceasore and s~iqna, that aaid Mortgagor is indefeaa~'bty seized of said land in fee aimple: that the e~id Mortgagor has fnll power and law~tul right to convey the s~me in fee aimpk ss doreeaid: that it shaU be law~tul for aaid MortRaRee, hia heira, legal repreeent~tives, aucceaeors and aeeigns. at all tia~es p~ceably and quietly to enter upon, hold. accupy and enjoy ~aid land aad every pert thereof: tMt said land is free from all incnmbrances: thst ssid Mortgagor, hia heire, kgal repreeent~tives, wooessore wd ~ a~.sigee, will malce sueh further assuranoes w per(ect the fee aimpk title to eaid laad in eaid Mrotg~gee. !us heirs, lega) repnxntatives, successors and es~igna, aa may r~eonably be required: and that said Matgagor I does hereby fuUy warraat the title to said land and every part thereof snd wiG defend the ~ame against the lawtul claima of all peraons whomsoever. It ia undet~tood thst each of the words. "note". "mortg~gor" and "mortgagee" respectively and tl~e prawane ~ € referring thereto, whether in the singular or plural anywhere in thia mortqsge, shall be singulu if one only aad ~ ahall be plural jointly end severslly. if more than one. and ~hall be masculine. feminine aad~'or n~ter. whaever ' the concext so implies or admit~. ~ And eaid Mortgagor for himaelf snd hia heire, legai representatives. suooeasoro and aseigns. hereby rnvenants a~ ~ ` agreee to snd with eaid Mortgagee, hia legal reprexntetivea, suooessors end aasignr. 3 ~ 1_ To pay all end ainRular the principal end interest and the varioua and sundry aums of money payabk by . virtue oi said promissory note. and this mortgeqe. each end every, promptly on the days reepectively the same " ~ ; ~ xverally become due. , • ~ - - 2. To pay ~q and aingulsr the taze~, s~sesamenta. levies, liabilitiee, obligations and incumbnnces of every ~ s nawre and kind no~v on ~aid dexribed property, andlor th~t hereehe~ msy be imposed. auffered, placed, ievied or ae~essed thereupon, andlor thet hereafter may be levied or asseased upon thie mortgage and/or the indebtednese j aeeured hereby, each and every, when due end p~yebk aecording to law, before they become delinquent, and before any interest attaehes or any penalty ia incurred: and 'u~ so fu as eny thereot is of record the same sh~ll be ~ ~ promptly satisfied and discharged ot record and the original officid doceiment leuch as, for iaatanoe, t6e taz r J }-T rsosipt or the aetistaction p~per officially endoreed or certifiedl aha11 be plseed in the handa of said Mortgagee ~ within ten daya ne:t ~fter p~yment: and in the event that any thereof is not eo paid. eatia6ed and discl~arged. ~ said Mortgagee m~y ~t any time p~y the eame or aay part thereof witlwat waiving or affecting any option. ~ ~ lien, equity or right under or by virtue of thie mortgage. and the tull amount of e~ch and every euch p~ymeet a6a11 ~ •.r. be immed'utely due ~nd payabk and shall bear int~rest from the date th~reof unW paid at the nte of ten per ~ - anturn per annum and Wgetber with such interest shall be ~ecured by tM lien of this mortg~ge. ~ 3. To pl~ce and rnntinuoaaly Iceep on the buildings now or I~e~ft~ eituate on aaid tand fire end windstorm insuranee in the usuel atandard poticy torm, in • eum eot less tlun the amount due hereon, in such co~any ~ ot companias as m~y be approved by said Mortgagee; ~nd all aucb insurance policies on any of said buiWings. any ~ interest therein or part thereot, in the aggregate sum aEon~aid or in acess thereof, shall oontain the uwal st~ndard mortgagee clauee m~king the be~ under said policies. dich and every. P~Yabk to said Mottgagee as hL interest may ~ppear. and e~ch and every such policy shall be ~ompdy delivec~ed to ~nd held by said b[atgagMC - J ~ ~nd, not kss than ten days in advu~e of the e~irsiion of e~ch po8cy. to ddiv~ to said Matgaass a e~o~wd i t~. togetber with a re~ipt fa the p~nium of such renew~l: and th~ s6a11 bs no sne6 hia~rmos p~o~d + on any of said buildings. ~ny intereat therein or part thereot. udess in tbs form and with tAs bss payabie as ' ~ doreMid: and in the event ~ny sum ot mooey beoomes p~yabM under wch policy or polieies ~nd said Moctgsg~ i i E ~~~'~K 312 ~~~f ~114 . _ _ _ . ~ . ~ ~ .