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HomeMy WebLinkAbout0859 . 36~OS ~ c~ / TH13 MOR7'GAGE D~ED, made ~nd e:ecuted tAe 6th ~y p~ MdrCh ~p ~ br Wentworth Prentiss_and Geraldene Prentiss, hlsr~fe of 9660 SW 106CT. Miami, fL. 33176 _ MninaRa tdfed tAe Mong~gor. which t~m shaU include tbs hsir~. 1eRd ~epress~tativsa. sna~on aad wiaar ot the e~W MortBagor whe~evec the rnnteY~ ea ~equir~ o~ adsaits, to TURTI.6 REEF A330C1ATfi& 1NC.. P.O. Bos 618. Jeasen Be~ch. PL 33457 l~ecetaatte~ eal{ed' the Mo~tgagee. ~rhicA term aball includs tla succes~on u~d ~ ot the said Mort~~ges wherever the contest so requires or admits. WfTNE33ETH: 7'f~at fot devers g~ood and valuabk mnsideratioas. and aL+o in eoosider~tion o( tM sg~regate wm named ia the p~nissay note ot even dsce .herewitb h~reinafter deecribed. the aaid Mortg~or doe~ l~eby aranc, bugain. seU. alieo. eemise. rele~ae. aonvey and rn~Crm unto ths a~id Mortg~ges. hi~ heire, auoowors ~nd asai~ns. ~U the ceruia pisoe..., p~rceL... or tract.... ot land. ot whicA the said Mortgssor b ao~r ~ed aad ~ possessed and i~uctual pa+aesaior, situate in tfie County ot 3t. l.ucie aad State ot Florid~, deseribsd n tolbws: A _~:6 undivided interest in tee simpk absolute es tenant in oomnwn ~ a ~ in ihe c~tain reaf property described in the amended Ma~te~ Form Deed ot 7Lrtk ~ $ Reef Condominiums 1, recorded in O[ticial Recotd Book 2E6. Psge Z3S. ~bjeet to divestment as set torth in said M~ster Form Deed aod upon such _ t an interval ownerahip con~iating ot Unit vwel~/__ 3 in Condominium ~ conainting ot Apartment Number ___Se~a, and its undivided sherc of the commoa elemente ot 7Lrtk Reet Condominiums 1 a~ such is deacribed in ~aid amended Master Form Deed. ~ 71~ia is a purcha~e monep awrtgage. M~~ ~ It u further agreed between the partie~ w this mortgege that. in addition W the terms and ootwitions ~at ont herein. it a conveyance should be made by the Mortgagor ot the pKrnises hanin desuibed. or any Put 3 5 thereoi, without first obtaining both . tbe wrritten consent of the Mlder h~reof, aad an ~ssumption ot thts oblig~tan, iu writing, by the new peoposed Grantep, then, aad in that event, at the option ot Lhs boWer he~~sot. witbout ootice. ali eume ot money secored hereby shall. immediately and concurrently with auch oonveyance, beooms due and p~y abk and asid Note and Mortgage shep be ia detault. TO HAVE AND TO HOLD the same, together with aU aad aingular the tsnea?ents. haeditaments and aP p~urteaanoee tl?ete+inW bebnging or in enyaise aPpertaining and the ~everaion end reversions. reu~ainder ~nd rs maiad~s. reacs. iss~s and profit~ thereot .nd elso all che eat.ce. right, ticle. incc~resc. propercy. posseaaion. cWm .ed demand whatsoever u well in law ae in equity ot the aaid Mortgagor in and to t6e same and every part ~nd p~roel t6ereof unto the said Mortgagee, and hie beira, ntcce~.+ors and asaigns. in tee ~impk. And ssid Mortgagor. for hi~welf. and his heire. iegal represeatatives. sucreasors and asaigns, hereby oonvenante with s~id Mottg~gee. hia heire. {e8a! *eP~e~entatives. succeasors and assigns. thst ~aid Mortgagor is indefea~ly aeized oi aaid land in fee simple: thst the aaid Mortgagor haa tull power and lawtul rtght to oonvey the ssme in tee simpls ~s afor~said: that it shaU be la..ful tor said Mortgaqee. !~s heir~. legal repr~esentatives. suoeeseors and asai~s. •t a11 times pe~ceably and quietly to enter upon. hold. occupy ~nd enjoy said W~d aad every patt t6ereof: that said land is ine from ail incumbrances: tbat aaid Mortgagor. Ais i~e+rs. kgal representatives. ~soro and assigns, will make auch further ae+urarwee to perfcct the tee simple titk to said W~d 'w said Mrotgages. his ~ k~l reP~esentatives. successors and ~asigna. aa may re~eooaWy be required: aad that aaid Mortgagoc does fiereby fully warrant the titk to said land and every part therbof and wn'll defend the sa~ae ~gainst Lhe lawful claim~ of all per~ona whom.9oever. It is undersWod tMt each of the words. "note'.. .•mortgagor•. aed ••mort8aeee•• respectively and tl~e pronouns G' refe~ring tAeteto, whether in the singuler or plarsl any~rhere in thi~ nwrtgage. shall be singuiar ii one ody ~nd ~ ahall be plural jointly and ~eversUy, if rnar than one, and ~hall be mssculine, feminine and/or neut~er, wl~evet ~ t1~e oontr~t eo impliea or admits. Md eaid Mottgagor tor him~elf and his heiro. kgal reprenentatives. ~+ors and asaign~. he~eby aovenante ~nd ~grees to and writh said Mortgagee, his legal representatives, suecea~ors and assigt~s: 1. To pey all and ~inquler t6e principal and iaterest and the varioua and aund=y aume of money psYabk bq . ~ virtue of eaid pmmiesory ~ote. and this mortgage. each and every. prompUY on the dsys respectively W~e aat~ ; xverally become due. r 2. To p~y ~U end singular the tues. assessmente. kviea. liabilitiea, obligations aad incnmbrances of every n~ture ~nd Icind now on ssid described pmperty. aad/or that hereafter msy be imposed. enffered. plaaed. levied or sssessed them~pon, and~or that hereafter may be kvied or asses.~ed upoa this mortgage and/or the fndebtedt~ese secured hereby, each end every, when due snd payabk according to Lw, before they bee.ome ddinque~~ and • beforo any intereet attaches or any penaltp ia incarred: and in so far as aay theceof is of record tbe ume shaa be ~ . promptly satisfied and disc6uged of record and the original officW document (auch as, tor it~stanos, ths taz e~oei~ or the satiefaetion pepeT offici~lly endorsed or certifiedl ahaD be pl~ced in tbe hands of s~id Mortaagee wkhln ten days ~zt after payment; ~d in tl~e event tbat any thereaf is not so paid. eatisfied and disch~r~ed. sdd Mo~tgagee may ~t any time pey the same or any part tbereof wit6out waiving or aifecting any optian, tiea. equity or right under or by virtue of thie mortgage, and tl~e fiill amount of esch and every such p~ymeot slu~! bs immediatefq due and p~yable ~ad ahdl bev iatereat from the date thaeof unW p~id at the nte of ten per asnqun per annum aad wgeth~ with ~uch intereat shall be secured by t6e lien of t6is mortgage. • 3. To pl~ce ~nd continuouely Ice~p on t6e buildiags now or here~iter aituate oa said lend Cire and windstorm instvana in the nswl standard policy tonn. in a wm not les~ t1~n the amoant due hereon. in snc6 oompnY or c~omp~nies aa m~y be approved by aaid Mortgagr,e: a~ all such iawcane~ poticies a? anq ot said bui{dings. any interest therein or part thereof. in the aggreptate aum aforesaid or in ezoesa thereof. s6aU oontaia th~ nwW ~ndard mortgagee elaux making the lo~ under said policiee. e~ch ~nd every. p~Yeble w said Mortg~ges d Lis inte~e~t may ~ppear. and eaeh and cvery eueh polity sha11 be prompt}y dslive~+ed to aod beW by Mid Maet~~p« • ~nd, ewt lsss t6an ten da~?s fn advanoe ot t6e e:Qiratan ot eaeh poliey. to ddiv~ to ~aid ldart~ates • e~awai ~ tbee+eo~. together witl~ • raoeipt tor tbe preminm of sucb renewd: ~nd there s6a11 be ao sue6 inwvmoe Pi~ad on a~ of said bnildings. any jnterest t6erein or part thereof. onkae in t6e farm and w[t6 tAe las p~yabls ~s ~foew~id; and in tbe ewnt my sum of money becomes psyabk under sach policy or policies and aaid Mortgagw ~ STATE F~r'1RIG~ ~ . ~ n~CUMEN~ARY,~~- SzkM~ T~: > ~ ~ :,E?(. Of f!Ei'E~U£ ~l.;;-~ ~ - - ' ~ Q~ - P.Y. - Ai'N-3'~J~`~~i : O S. 9 O ~ ~ PAGE ~ = ~1~02 ' ' - ~ . . . : - _ -~a"r'~~ '..,.xs.i.,.a,GV ~.~.'-YuY.~^4..~h ~ _ _ _ _ .