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THt3 MORTGAGE D~F.D, mads ~nd executed ths .~,~day ot _ February ~p ~7 ~
by WilLiam ~ hlor n nd Celest~_~. Horan. h3s Wife of 361 Shedd Ave.,
yelbourne, Fl. 32901.
b~indt~ calkd ehe Mortg~gor. wAich term shall include chs heirs. Mgal repre~entat~ve~. ~uoce~sors aud ~
of tbs ssid Mortgagor ~rherever the coote:t su require~ or admita. ;
to TURTLE REEF A3.40CIATE3, 1NC., P.O. Bo= 8t8, Jen~sn Be~ch, FL 331b7 ;
e
hasinatt~ called' tbs Mortgagee,. ~vhicA term shaU includs ths wccewon and assigtu ot tA~ '
sdd Mort~aes whsnver the conte:t so requires or admics. ,
WITNE3SETH: That for devera Rood-~nd vduable ooa~iderations, and alao in oonsider~tan of the ~te sum ~
named in ths promissory note oi eveo date here~vith hereuuiter described. tAe said Mortg~gor dw~ Aeroby
graat. barg~ia, ss4 alien. nmise. releaae. oonvey aad coaMn unto ths eaid ~lortg~aes, his beirs. mooeaors aod
assigas, dl tAe certain piece.... parceL... ar tr~ct.... ot Iand ot w~hich tl~ eaid Mortgagot ia now ~eired and
pos~sssed and inactual posxaabn, eitwte in the County of 3t. Lucie and ~tate of F{orida, de~eribed u M~lowx
' ' p 0. 0384 ~ undivided inte~est in tee simpk sbsolute aa tenant in oowmon t t
'I C`' in the certain re~al property dexribed in the ~mended Masur Form Deed of 71~rtls v O {
t ,
Reet Condominiume 1. recorded in Otfici~l Reeord Boolc ?b6. P~ge 23b. subject to {
I ~ dives~mant as eet forth in said Mait~er Forn~ Deed and upo~ sneh diveetmeut an
, o
interval owmerehip consisting of Unit wee101 11 in Condominium C-1
; ~ ~
> ~ coa~isting of Apartment Number C'1 , and its undivided a}ure of the oorntnon ekmeats
t- of 7Lrtk Reef Condominiums 1 as such ia dexribed in seid smended Mast~er Focm Deed.
i~ c.
L'
. ~v '17~is is e purchax money mortgage.
It ia fnrther agreed betw~een the psrties to thie mortgage that, in addition to the terms and onnditioo~ set
out herein, it a ooaveyance should be made by the Mortg~gor of the premixa hereia described, or any p~rt
tl~reot, witl~out firsi obtaining both the .Mtten eonsent ot the Iwlder hee~eot, and an assnmption of tbis
obligation, ia writing, by the new proposed Gnntee, then, and in that event, at the optan of the Mider l~ereof,
wit6ont aotica, all sum~ of money ~ecured hereby shall, immediately and ooncurrently with auch oonvey~noe, bsooms
! dns and payabk and eaid Note and Mort
I gaRe ahall be in detsult_
~ TO HAVE AND TO HOI.D tl~e same, togethcK with atl and singular the tenementa, hereditameats aad ap
purtenaaoee thereunto bebnging or in snywiee appertaiaing end tik rsveraion and revereions, rsmaindar ~nd rs
' mainders. rents. issues and profits thereof and aleo all t!u estate. right. titk. inte~t. ProP~Y. P~. c1~im and
dem~nd wlutsoever as well in lawr as in equity ot the said Mortgsgar in and to tRe ~ame and every p~tt and
paroel thereof unto the asid Me?rtgagee, and his heirs, aucce~sore ~nd aasigns, in fee simpk.
And said Mortgegor. for himself. and his !,eira. kgal represeatativea, sucress~ra and asaigns, berebp oonvm~nits
with s~id Mortgagee. hi~ heira. kqal representatives. succeaeors end aasigna, t6st aaid M
seised of said land in tee simple: that the eaid Mortgagor har tull wer and Iswful ~~f
~y
po right W oonvey the sams ia fee
aimple as ~foresaid: thst it ahall be lawful for aaid Mortgagee, his hene, legal •epreae~tatives, snooeasors and ~ssigos,
at all timee pe~ce~bly and quietly to eater upon. bold. oocupy and enjoy aaid land and every part tl~ec~sof;
that s~id land is free from aU incumbrances: that said Mortgagor, his heirs, {egal repreeentatives, e~ooessors and
assigns. will make euch furiher assuranoes to perfert the fee aimple tit{e to aaid lend in said Mtotgagee,
his heirs. kga~ *ePrexntativee. ~coeasors and asaigna. s~ may re~sonably be reqnired: and that said Mortgag~a
doea hereby fully warrant the title to aaid land and every part thereof and w71 defend t6e same against the
Iawhil cisiau of all peraon~ whomsoever. .
It is understood that each o[ the word~. "noce", •.mortgagor" and ..mortgagee.. rea~ectivdy and the p~o~ns
nterring thereW, whether in the singular or plural anywhete in thi~ mortgage, shaU be ~ingul~r if one oaly tud
shdl be plunl jointly and severaUy. it more than one. and ~hall be mssculine. teminine and/or neuter. wl~ever
the coate:t ~o implies or admits.
__a _
' O Md eaid Mortgagor tor himself and his heirr. Iegal repreeentatives. suoceseor~ and esaigne. hereby oovenante ~nd
~p ~ agrees to and writh ~sid Mortgagee. his legal representative~. succesaor~ and aasigns:
~ - ~ 1. To ~
o pay sll and singular the principai end intereat and the various and sundry sams ot money p~yable by , j;
: virtue of said promiasory note, and thia mortgage, e~ach and every, promptly on the daye respectiydy t~ sams
- , 1 t t ~r~y ~~e due.
.
2. To pay aU and singular the taues, aasea~menta. levies. Wbilities. -
a`'~3~T• natnre and Icind now on eaid deacribed ~~tione and incumbrancea of every
P~~Y. and/or that her~fter may be imposed. anffered. pleced, levied
,~~'-.t.~'.~,~' or aseeseed thereupon. andlor that hereafter mey be levied or asseased upon this mortgage and/or tbe indebtednsss
~ecared 6ereby, each and every, w6en due and peyable aaording to lew, be(ore tbey becams delinqt~~ ~nd - r-
beforo ~ny interest attechee or any pe~ulty is incurred: ud in so fu as anq ther~eof is of reoord the sams shdl be '
PwmPt1Y satisfied end dixharged ot record and the original official doeument (auch as, tar inetanos, ths taz
; e~aipt a~ the eatisf~ction p~per officially endoreed or catifiedl shall be plac~ed in the hands ot said Mart~ages
i; i~ wfthfei ten d~ys n~t after p~yrneat: and in the event that aay th~reof is not so paid, satisfied and diubarged,
~=~aid MoKgaBee may at any time p~y tbe aame or any p~rt tber~eof withont waiving or affecting ~ny optioo.
- = lisa. eqaity or right ander or by virtae of this mortgage. and the fWl amount of esch and evary snch p~ymeat shaD ;
l! i t i~'smmsdfately due end pay~bk and ~hall bear intereet from the date tl~ereof unW
p~id at the nte of tes per
omWrn per annum and together with auch intereat slull be eecured by the lkn of thie matgage.
3. To plaoe and coatinuously kesp on the buildings now or l~ereafter sitwte on said land fira and windstorm
insuranoe in the usual standard poticy fortn. in a sum not leas than t!?e amonnt due hereon. in saeh oomp~nY
or oompanies as may be approved by eaid Mortgagee; and all ancl~ insuranoe policies on any of said b~iWing~, ~
interest therein or part thereof. in the aggregate anm aforesaid or in eues~ thereof. s6a11 oont~in t1w asw!
~tandard mortg~gee clauae making the lo~r under eaid policies. eech and every. peyabb to said Mactgag~es a~ hi~
intarest may ~ppear. aad each. and evrry suc6 policy shall be pranpdq ddiv~eeed to and held by ~aW Moetp~ .
and. not leas than ten daye in advaaoe of ths s~ir~tion of eac6 pdky. to deliv~r to a~id btpt~~ ~ esa~wr
_ th~reot. Wget6er with a recaipt !or _the prtnainm ot auch renewal: and t6e~+e sl~ll bs no such i~unranoe pbpd
on ~ar ot said bnildings. any intereestt therein or p~rt thereof. uakas in t6e farm aed with tbe bss p~yabie as •
atan~aid: aad in the rvent any sum o( moeey becomes payable under such policy or pdicies and said Mo~tg~gM -
RECEIVED i IN PAYMEIR OF TJU(E:
~ ~ ~u~ ~n. • « 2b6 P~~ 824 ~
PURSUANT TO CI~A''~' 7i-13~. ACTS OF 19)1 E;•'t ,4
k[i:• F 2 POITRAS ~
c~F~ c~-,.:n~ ~_,,~~r ,t. ~dCiE , ~
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