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HomeMy WebLinkAbout1234 ' ~ 3~ BUILDING "D" 4E~23f)~i 1 THIS MORTGAGE Dl:ED, male and ea<ecuted tAe 8th day of October I8 ~9 b~ Hedwig Seldner of 2661 is. E. 43rd St., Lighthouse Pt., F1. 33064 herainatter called the Mortgagor, wAicA term shell include the heirs. legal rcpreseatatlves, auccesaore and aasigns- of tAe said Mortgagor wherever the Contest so requires or •dmita, to TURTLE REEF ASSOCIATES, I!sC.. P.O. Bo: 618, Jensen BeacA. FL ~3;37 heroiaatter called' tAe Mortgagee, which term shall include the wcceasors and assigns of the _ said Mortgagee wherever the contest ao requires or admits. ~ WITNESSETH: That for devero good and valuable considerations. •nd also in consideratipn of the egllregttt slam named in the promissory note of even date herewith hereinafter dexribed. the said Mortgagor does hereby grant, bargain, sell, alien. remise, release, convey •nd confvm unto the said \lrtgagee, his heirs, successors and assigns, all the certain piece..., parcel.... a tract.... of land, of whicA tht said Mortgagor b now stied and possessed and inactual possession, situate in the Gounty of St. Lucie end Sate of Florida, dtsrn'bed u toMwa: ~~,M Unit Weeks 51 and 52 in Condominium 0 - 7 M ~ p consisting of Apartment Number D - 7 and its undivided share •.p of the common elements of Turtle Reef Condominium I, as such is :-1 j.~ - described in the Master Form Deed, recorded in Official Records Boo!:. o~~~ 263, Page 2002. This is a purchase money mortgage. ~ C' - it is turtAtr agreed bttweeri the parties to fhb mortgage flat, in addition to the terms and conditions set i x out herein. u • convtyancs should be made by tAe Mortgagor of the premiata heeein desert'bed. or say part K thereof, without first obtaining both the writtta consent of the holder Aeteol and an assumption o[ this _ obligation. is writlag. by the new proposed Grantee. then, and in that went. at the option of the bourse heteol without notiu. an soma of money secured hasby shall, immediately and coocurrantly with wch oDawyaaa, btooma due sad payable and said Note and Mortgage shall M is default. TO HAiIE AND TO HOLD the same together with all and singular the tenements. hereditamtata sad ap purtaaande thareuato belonging . or in anywise appertaining and the reversion and reversions. remainder noel rs mainden, rests. iaats and profits thereof and also all the estate. right, title. interest, Property. potateeio4 eaaim sad demand whatsowtr as well is law as in equity of the said Mortgagor in and to tM same and every part and parcel thereof unto tht said Mortgagee. and his hews, successors and assigns, in ice simple. Asd acid Mortgagor. for himaeU, and his heirs. legal representatives. successor and assigns, hsraby oonwoaab with acid Mortgigee, his heir. legal representatives. wccesson and assigns, that aid. Mortgagor L iadeftasably seised of said land in tee simple: that the said Mortgagor hu fun power and law[d right tq convey the same io tea simple as aforesaid: that it shaD be lawful for wiA Mortgages, ius heirs. icgai representatives. successors std assigns. at an times peaeably and quietly to enter upon, hold. ocrnpy and enjoy said land sad every part thereof.` j that said land b tree hom all iacvmbranoesc that said Mortgigor. his heir, legal rePeestntativee, eueotssors sad assigns. wall make such further assurataeee to perfect the tee simpb title to aid Lad- in said Mrotgagee, F his heirs, legal representatives. wceessors and assigns. •s may reasonably bt required: and that said Matgigoe does hereby Inlly warrant the title W said land and every part thteot and well defend the soma against the lawftiil calms of ail persons whotasower. It b understood that each of the woods, "note". "mortgagor" and "matgagea" respectively std tba pronouns referring thereto, whether is the singular or plural anywhere in this mortgage., share b singular it ors oejy earl .shall be plural jointly and severally. it ttaoee than one. and share bt mescaline. famiaiae andlor awtar, whteMSr :'the oonu:t eb implies or admits. . And said Mortgagor for himself and his heirs, legal representatives, sa>onssors std assigns, herby oovenaale sad agrees to and with said Mortgagee. his legal representatives. waessore and assigns: 1. To pay all and singular the principal and interest •nd the variws and sundry wma of money payable b7 virtue of said promissory note. •nd iris mortgage, each and wary. promptly on the days respectively the soma swerally become due. . 2. To pay all and singular the to:es, assaasments, levies. liabilities, obligations and it:cumbranas of every ~ nature •nd kind now on said dexribed property, and/or that hereaher may 1» imposed. eutfered. placed. levied or asxssed thereupon. and/or that hereafter may be levied or •asasd upon this mortgage and/or tM iadtbtedntw secured hereby, eae6 and every, when dw and payable according to law, before they beoorta ddingoent, and baton •ny interest attaches or any penalty b itxvrred: •nd is so tar as any thereof is of record the sass aFan be promptly satisfied and dixharged of record and the original official document Isncb as, for instance, tM tae ~ receipt or the wtisfaction paper officially etdorsed or certified) shell be pLced in the hands of said Mortgages s within tin days as:t after payttaent: and is the went that any thereof is not ao paid. satisfied and dixhacgsd, ~ said Mortgagee nay, at any time pay the wma or any part thereof without waiving or attesting any optio4 lien, equity or right under or by virtue of this mortgage. and the fnn amount of each and wary such payment span bs immediately du• and payable and shall bear interest from the date thereof nnW paid at the me of ten per ceoturn per annum and together with such interest shall be secured by the lien of thb'mortgage. 3. To plan and continuously keep oa the bualdinga now a bereatte: situate oo said Lnd fin std windstorm ~ insurance in the usual standard policy torte. in • sum not less than the amount dw hereon, L wch company ~ a companies as may be approved by said Mortgagee: and all wch insuratau poGcia oe any of wid bualdirtgs, stay interest therein or part thereof. in the aggregate sum aforesaid or in escess thereof, shah corals tbt usual standard mortgagee clause nuking the loan under said policies, wch and every, payable to said lNortgigee as his r and each and ev such shall M delivseed to sad held by said Mortgsgssc interest may appea . cry polity' P~P~ and, not Itss than ten days it advance of the t:pintion of each pofiey. to deliver to said Mortgagee • raaewsl tAeTaot. together with a reoelpt for the premium of such naewak std bate shag be sic such lasutstaos p4ad on soy of wid buildings. any iottrest tMeeia or part thereof. uoltaa to td tare sad with tM bas payable y sad said ii[aetgsgaa aforesaid. and is the weal any sum of morale becomes payab4 amdte each PdAicy? e«f polkisa sn:zi~.S~~ n.r_c~F