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HomeMy WebLinkAbout0517 BUILDING "D" 4'78 TH18 MORTGAGE DEED, made and a:stated the 13day of ~ , lg 78 . Francis A, Zaino and Kathleen A. Zaino, his wife of 470 Canterbury St., Westbury, Yew York 11590 . hareinatter called tb Mortgagee, which term .hail include tM hero, legal repreeentativee, aoeceeeore and assigns of the acid Mortgagor wbrever tM contest .o regains or admiu, to TURTLB REEF AB.S0CIATEB, INC.. P.O. Bo: 818, Jensen Beach. FL 3s~S7 Mrrirtatter called' tM Mortgagee, which term shall include tb sueeseson and assigns of tb acid Mortgagee wherever the come:t so regains a admib. WITNE83ETH: That for devere Rood and valuable oottaiderations, and also in ooneideratiQn of tb aaresata sum Hamad in the promissory note of even date herewith hereinafter described, tb acid Mortgagor does hanby grant. bargain, sell, abn, remise. rekese, convey and eonfum unto the said Mortgagee, his heir, sueasssors and assi~rts. all tb certain piece..., parcel.... a tract.... of land. of which the said Mortgagor b now seised and , possessed and inaetual possession, sitwte in the County of 3t: Lucie and State of Fkxids, deea~ibetl as Mliows: Unit Weeks 14 and 15 in Condominium o--7 consisting of Apartment Number D-7 and its undivided share of the common elements of Turtle Reef Condominium I, as such is described in the Master Form Deed, recorded in Official Records Book O~ ~ ' 263, Page 2002. This is a purchase money mortgage. It i• further agreed between the parties to this mortgage that. in addition to the terms and oonditioas eat out berain. it a oonveyanos should be made by the Mortgagor of the premises herein described. or any part tbreof, without first obtaining both the written consent of the bolder hereof, and an asntmption ~ this obligation. in writing, by the new proposed Grantee, then, and in that event, at the option of the holder hereof. without notice. aD sums of money secured hereby al?aQ immediately eWd rnneurrentiy with such wnveyanoe, booms dw and payable and said Note and Mortgage shag be in detiult. TO HAVE AND TO HOLD the earns, wgether with all and singular the tanements, hereditamenta and ap- purtenanoss thereunW bekutging or in anywise appertaining and the reversion and reversions, remainder and rr msirtdars. rents. iaarree and profits thereof and also all the estate. right. titb, interest. Property. poseee~aion; claim and demand whatsoever as well in law as in equity of the said Mortgagor in and to the same and every pact and parcel thereof unto tb said Mortgagee, and his heirs, successors and assigns. in fee simple. And said Mortgagor. for himself. and his heirs. legal representatives. successors and assigns, hereby coveenanta with acid Mortgagee, his heirs. legal representatives. successors and assigns. that said Mortgagor i. indshastl>ty saved of said land in tee simple: that the said Mortgagor has fitU power and lawful right to convey tb same in tee li simple a. aforesaid: that it shall be lawfitl for said Mortgagee. his heirs, legal representatives. atoosssors and assigns. at all times peaceably and quietly to enter upon. hold, occupy and enjoy said land and every part thereof: that acid -land is Tres tram all incumbrences: that said Mortgagor. his heirs, legal representatives. wooeesors and assigns, will make each further assurances to perfect the tee simple title to said land in said Mootgages, his heirs. legal representatives. successors and assigns. as may nasoaabiy b required: and that said Mortgagor does hereby fully warrant the title to said land and every part thereof and will defend the same against tb lawful claims of all persons whomsoever. ~ It is understood that each of the words. ..note.., "mortgagor" and ..mortgagee.. respectively and the pronouns _ J referring thereto, whether in the aingulsr or plural anywhere in this mortgage, shall be singular if one only and shall b phtral jointly and severally, it more than one, and shall be ntasculins, feminine a~lor antler, wherever _ _ , r ; the oonte:t so implies or admits. s And said Mortgagor for himself and his heirs. legal representatives, ntooeeaors and assigns. hereby covenants and { ~ agrees to and with said Mortgagee, his legal representatives, successors and assigns: " - , ~ ~ , ; 1. To pay all and singular the principal and interest and the various ud sundry sums of money payable bq ~ virtue of said promissory note, and this mortgage. bch and every, proatptly on the days respectively the same ~ severally become due. ~ . [ , Z. To pay all and singular the fazes. assessments. levies. liabih'ties. obligations and iaeumbrYnces of every ' l - . ~ ~ nature attd kind now on said described property. and/or chat hereafter may be imposed. snHered, placed. levied ~ _ . ~ or assessed thereupon. •nd/or that hereafter may be levied or assessed upon this mortgage andlor tb indebtedness f ' scented hereby. each and every. when due and payable according to 4w, before they become delinquent. and ~ before any interest attaches or any penalty is incurred: and in so tar as any thereof is of record the seine shall b r peomptly wtisfied and discharged of record and the original official document laueb as, for instance, the tors receipt or the satistactiod paper officially endorsed or eertifiedl shall b placed in tb hands of said Mortgages s within ten says wzt after p.ymenc: and in the event fiat any thereof is not so paid. satisfied and discbrged. said Mortgagee may at any time pay the same or any part thereof without waiving or affecting any option, ~ r a ~ lien. equity or right under or by virtue of this mortgage. and the tali amount of each and every such payment shall i b immediately due and payable and shall bear interest from the date thereof until paid at tbs refs of ten per . , oenturn per annam and together with such interest shall b secured by the lint of this mortgage. e 3. To place and continuously keep on the buildings now or hmeafter situate on said land fire and windstorm ~ insuacncs in the usual standard policy form, in • sum trot less than the amount doe hereon, in such company i or oDmpadss as may b approved by said Mortgages: and all such insurance policies on any of said buildings. any ' s interest therein a part thereof, in the aggregate .sum aforesaid or in ezossa thereof, shall contain the uswl standard mortgagee clause making the loss under said policies. each and every. payable to said Mortgages as his intareet may appear. and each attd every such policy shall b promptly delivered to s~ held by said Moryassac . and, not less than ten days in advance of the expiration of each policy. to deliver to said Martpgss a eseswd tbreof. together with • receipt for the premium of such renewal: and there shall b no such iowrranos placed on a~ of said buiWinga, any interest therein or part thereof. unless in tb form and with tb kras payable u aforesaid: and in tb event any sum of money becomes payable under vetch policy or policies and acid Mertpgse