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HomeMy WebLinkAbout2152 J . _ BUILDING "0" 459243 i THIS MORTGAGE DEED, tsade and s:acutsd the ~Lday of August 19 79 by F~rankl i n R. Fedor and 'rlanda H. Fedor his wife of , 961 Beectlfern Lane, Rockledge Florida 32955 Mninatter called the Mortpgor. which i:srm ahaD include the heirs. kgil representatives, aucceason and aasi8rsa~ of the said Mortgagor wherever the Conte:t so regains or admits, to TURTLE REEF ASSOCIATES. 1NC., P.O. 13os 618. Jensen lieaeh, FL ~3~57 hersiaatter called' the Mortgagee, which term shall include the sueoc»«s and a»i8as of tht acid Mortgagee wherever the Conte:t so requires a admits. WITNE33ETH: That for dsvers flood and valuable naideratiooa. and also in coasidentign of tM sggregsb arm named it tM promissory Hots of even date henwi4~} hereinattar described, tM said Moetgag« doss Mrsbr grant, hatpin. salt, aGcn, remise. release, convey and confirm unto the said ~tortgsgse, bin heirs„ sutoaasors cad assigns. alt !M Certain piece.... parcel.... a< tract..,. of land. of -which the- said hlortgagoc- is now sa4ad std poaseassd and iaaetual possession. situate in the County of St. Lucie and State of Florida. dasedbed sa fbMwe: Unit Weeks 35 and 36 in Condominium D- 13 ~ consisting of Apartment Number D - 13 and its undivided share of the common elements of Turtle Reef Condominium I, as such is i described in the Master Form Deed, recorded in Official Records Boo!: . 263, Page 2002. This is a purchase money mortgage. y o _ ~ / ~ . '1' 1t is turiMr eared batweea the parties to this moctpp ebaL in addition to the terms and oeaditioes set sift hareia. it a eonvayanea ahouW be mach by tM Morigsgoe of ~a premisae brain dasaibid, « aqy pall thrsot. without llrst obtaining both tM written consent of the boldr benof. asd as aasamptioa d fhb _ ob4ptiow fa writing. by thta crew proposed Grantaa. then. and L that swat. at tM option of tba boWar bae~ . without antics, all sums of moray seeurad 6se+eby shall. immediately and ooacurrwttly with web ooawyanoa~ 6aooms dw and payable and said Nob and Mortgap ahaII be t4 datauh. TO HAVE AND TO HOLD the same. together with aD sad siaguLr tM tenemests. bsesditamaata and ap purtaaanoai thrs~mto belonging « in anywise apprtainiag sad tM rwersan and nvardosa. remaiadar sad t+? maiaders, teats. issues end profits thereof and also aD tM ssbb. right. title, interest. proprtr. poaeeaeioa4 ,Lim and demand wMboevar a weft in law as is equity of tM said Mortpgor in and to tM 'same sad sung pact sad pared theeeot Hato the said Mortpgee, and bin belts. wteessora and assigns, in [ee simpia. /?ad said Mortpgor. for bimsalf, and his heirs, iesal repreeaatativss. sueoeseoes sad assigas~ baraby toavssasla with acid ldortgagee. his heirs, legal repr+essntativea, wteesson asd assigns, that said ltaetgagar b ~'Wr aaitd of said Lod in tea simple: that the said Mortpgor has full power sad lawh$ right tq toaver tM same in tea aimpit as aMe+asaid: that it shell be lawful for acid ~ blortpgee, his Mira. lssal eeprsaeutatiwa~ weaasorw and aseigo4 at aD flow peitaably and quietly to angr upon. bold. oocnpy sad aajor said land sad evq part thereof; that acid land is hen tram all ineumbraertau that said Moetgagor. bin heirs, legal raprssaatativee, asoaaaas sad assigns. wt~! stales web further usruauae to petted tla fin simple titL W said Lod is said lllratgagsa~ his heirs. legal representatives. weeesaors sad assigns. sa may reawablr be ngsind: and that said ldaetgag« does hereby telly warrant tba tills to said Lod and every part tbarsot sad will defend tM won agaimt the lawltiti claims of as persons whotosower. c ~ 1 1t b nndarstood that sash of tM .rordsL °nota". "mortgagor- sad '~ortgagse" rsapeetiwiy sad the ~ referring thatch. whether is the singular ar plural anrwrhare iA thta moetgags, shall be dngsLr H one on~? shall be phnral jdatly and awrsllr, J more flan one, and sbaD b masco>;aa. tamioise aadlar natttae, e-1 ~ • the eoata:t so itapliee « admits. wad said irlortgagvr rot himseU and his Min. legal repneesbthrsa. wtocesors sad asdgas, hereby oevsrtaab ~ agrees to and with said Mortpges, his legal eepesaeetativas. weoeaaors and ensigns: - 1. To pay all and singular the principal and interest and tM various and sundry soma of moaap payable virtue of said promissory note, and this mortpge, each and wry. promptly on the days nspeetivsb? tb 3 swerally become due. c ~ ~ Z. To pay all and singular the tares. asseastnents. levies. WbiGties. obligations and iaeumbraaoea of ~Q nature and lrind now on said described property. andlor that hereahar may be imposed. wftend. placed. a assessed tbereapon. andlor flat hereafter may be levied « assessed epos this matpge andl« tM m ~ Q escvsed hereby. each and every..when dw sad payable aoooediag to law. bafas they baoome debogwst, sad ~ before any interest attaches « nay penalty V incumd: and L ao tar as nay thereof is at saoord tM was shall ba ~ . promptly aatistied and disehargad of record and the original oflkW doeament btaeh au, t« iastaaae~ tM tar receipt or the satisfaction ppar officially endorsed « certified shall be placed in the bands of said Mortgagor within ten days as:t after payment: and is tM event that am thereof b not ae paid. utiaRad and discharged. acid Mortgagee star at any time pay tM same or any part thrsot without waiving « atf~d6tg nay option, lien, equity « right under « by virtue of this mortgage. and tM toll amoaot o! eatb sad every sorb payment ahaD be immediatdr dw and parable and shall bear iabnat from tM dab tbraot snW paid at tM nb of tea pr testura pr annum and togetbar with such iabrset shall be scented by the lies of thb'mortgaga. 3. To pLee sad continuoselr 1<aep os the but~diags now « hreattr sttuab a said Lod fin and wiadstatm insusance is flu usual standard policy form. b • sum not lne than tM amount dw henna, L web company a companin as tear be approved br said M«tgagee: and all web insuraaa poSeia aw nay of said buildings, a~ interest therein « part thereof. in the aggregate wm aforesaid or is aacesa tbarsoL sbaD eonbia tM utntd standard mortgagee clause making the loos sadar acid policies. each and eery. parable to saW Mortgages as 6ia laterset roar appear. and each sad every such policy shall bs promptly daYvseed to sad bald br said 1+[artgagsac and. not less tMs tea days L advance d the espintion of aacb policy. to defivsr to said Martgagse a eanswal thereof. toptMr with • receipt for tM premism of wcb rwwak noel tbtes aW be w web Wastanos planed on any oI said buildings, ear isbrest tbaraia « part tMreef, aslew to the torn sad will, the foes payable v atotessid: sad ifs tM want nay sum of money becomes payaDis md« sash policy « po8eiss sad acid Yartgagse j ce~~, s~ i dt1~X J~~ P~6E~5G f