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Home My WebLink About0849 ~i . 3fi84'~s ~p ' TH13 11iORTCiAGE DEE D, mede snd e:ecuted t!?e _29thlay ot _~ri ~ ' 19 77 by _ Oonal d M. Mal ott and Juani ta l. hlal,p~ hi s~i fe of~~65' A1 an ~ Dr. . Ti tusvi 11 e, F4. - ` 32780 l~einatt~ called the Mortg~gor. ~rhich term shall include th~ heirs, legal repreesntativss, snoasMrs and assian~ ot tbs wid MoKg~o~ wherever tAe rnnte:t so requiros or ~dmits, . , W TUR'PI.E REEF A3SOCIATE3, 1NC., P.O. Bos 818, Jeneea Bsach, FL 33457 liet~ein~ibr caUsd' the Mortgagee, which term shaU include the euccesson and assign~ ot tbs said Matgages wherover the rnnte:t so roquires or admita. WITNESSETH: That tor devera good and vsluabk consideretiona, and also in consider~taa ot tbs aggregate sum named in the promis~ory note ot even date herewith hereinafter described, the said Mortg~gor doei hereby graat, bargain, seU, aliea, romise, release. oonvey aad cont'um unw the eaid , Mortgugee, hie heirs, suc~essors ~nd • assigas, dl the certain piece.... parcel.... or tract.... of land. ot w~!?ich tM said Mortgagor ia tww ~eised ud poassssed and inactual posscssion. ~ituate in the County ot St. I.ucie and 3tate of Fbrid~, deecn'bed ~s tolbwx p 96 undivided intere~t in tee simple absotute as tensnt in rnmmon ~ ~ ~Z~ ~i in the certain real property dexribed in the amended Master Rorm Deed of 'ltirtle ~ o v v, Reef Condominiums 1. recorded in Official Recotd Book 266. Pege 235. aubject W _ g a divestment aa set [orth in ~id Master Form I)eed and upon auch diveatment an ~ ~ ~ iatervd ownerahip conaisting of Unit week/ ~~L-__ in Condominium C-3 ~ ~ 1~ . ' ~ ~ ~ro rnnsisting of Apartment Number __C'3 , and ita undivided ~hare of the commoa ekmente o ~ oi 'itirtk Reef Condominiume 1 as such is described in said amended Msster Form I)eed. 'f~ _ ~ `~Q 'l1~ia is • purchase money mortRage. ~ _ , :y p~ ~ ~ ~ ~ ~ a It ie turther agreed between the parties to this mortgage ths~. in additan to the tarms and oonditions set $ t h~ein, if a rnnveyance ahould be snsde by the Mortgegor of tt~e prer,~ises herein dexribed. or aay p~rt ~ $ ~t, without Hrat obtainiag botA the written consent of the hoWer hereof, and an asaumption of this ' obligation, in w+riting, by t6e new proposed Gnntee. then, and in thu event, at the option of the 6older I~eof. ~ without aotice, all aums ot aooney secured hereby ~hall, immediately and concnrrently writh auch conveyanoe. beoome ~ dne and payabye aad said Note and Mortgage shall be in default_ ~ TO HAVE AND TO HOLD the same. tog~ether with all and singular the cenementa, hereditaments aod a~ purtenances t6ereunW bebnging or in nny~vise appertaining sad the reversion and reversione, remainder aad re maindere. rents. iseues wd profite thereof and al~o all the eetata. right. title. intere~t. Penpe~tY. poseessan. cWm and demand whatsoever sa weU in laav es in equity ot the aaid Mortgagor in and to the same and evety part and psrcd theteof unto the s~id Mortgagee. and hin heirs, auccea~ors and assi~ma. in fee simpk. w.~.i .ri.l Mnrta.v~r_ fnr him~+elf_ snd his heira. 1et~a1 representativea. successnro and aasigne, hereby oonveaante with said Mortgagea. hia heira. 1eBe1 representativea. auccessors and a~igna, that said Mortg~gor is indefeaa'bly seised of eaid lend in fee aimple; that the said Mortgagor hae fvil power and lawrful rig6t to oonvey the same in fee simp{e as aforeeaid: that it shall be lawfui for said Mortgegee. hIa heirs. I~.t representatives, auctessors and aaeigns. at all times peace~bly and quietly to enter upon. hold, occupy and enjoy said land and every part thenaof: tbat said land ie free from all incumbrances: t6at said Mortgagor. hi~ heira, legal repreaentatives, eucoesaora end assigns, will mal~e auch further ass~uancas w p~tect the fee aimpk title to esid 4nd in eaid Mrotgagea his heir~. legal representativea. auccesaors and asaign~. aa aaay reasonably be required: and that said Mu~tgegor does hereby tully warrant the title to said land and every part thereof snd will defend the satne against the i lawful t4ims of all persone whomsoever. I i It is nnderatood that each of the w~ords, "note". "mortgagoi ' and "mortgagee" respectively end t6e pmnouns ~ reterring L6ereto, whether in the singular ar plurel anywhere in this mortgege, shaU be singulsr if one onty and ~ eball be plural jointly and severaUy, if more than one, and ~hall be maxuline, feminine andlor neuter, wherever ~ t6e cont~t so impliea or admits. Md eaid Mortgagor tor himself and hi~ heirs, legal representatives, succeasors and assiga~. hereby covenante and ~ agrees to and with aaid Mortgagee, his iegal representatives, auccessor~ and assigns: ~ 1. To pey all and sinqular the principal and interest and the varioue and sundry sum~ of money payable by . virtue of said promis~ory note. and thia mortgage. each and every, promptly on t6e daye reapectively the same severelly become due. 2. To pay all and aingnlar the teaea, as~esaments, levies, liabilities. obtigations and incumbrancea of every nature aad kind now on ~aid described property. and/or t6at heresfter may be imposed. suffered, place~, kvied or ae~eseed thereupon, and/or that hereafter may be kvied or esseaaed upon thia mortgage endlor the indebt~edness eecured he~eby, each and every, when due and payabk according to law. before t6ey become delinquent, and ~ ~ betore any interest sttachee or any penalty ie incurred: and in so far as any thereof is of reoord t6e eame s6a11 be promptly satiefied and dixharged of record and the original official document Isuch ae, for ieetance, t6e taz noeipt or the satiataction psper officially endoraed or certi6edl ahall be piaced in t6e handa of said Mortgagee ~ wtthin tea days n~t afttr psyment; and in the event that sny thereof ia not so paid. aatisfied and disc}~tBed. sdd Mortgagee may at any time pay the same or any part thereof w~itlwat ~raiving or affecting any optan. liea, eqnity or right under or by virtue of thia mortgage. and the fiill emount of each and every such paya~ent ahall 4 bs immediately due and psyabk and ehaU bear interest from the date thereot until paid ~t t6e rate of t~ea per ~ centurn per annum and together writh such interest ahall be secured by tbe lien of this mortgage. 4 3. To pl~ce and contiauoualy keep on the bu~dings now or here~fter situate on said land fire and windstorm % inso.rance in the ueual atandard policy form, in s sum not leae than the amount due hereon, in such company ~ or companies ae mey be approved by naid Mortgagee: ~nd all euc6 insuranoe po6cies on any ot said buiidiags. any ~ interest therein or part thereof, in the aggregate sum aforesaid or in e~cese thereof, shaU contain tM usual ~ ~tandard mortgagee cleuse making the ioer~ under said policis~. each and every. peyabk to said Mortgagee as hi~ ~ interest m~y appear. and e~ch ud every such policy ahall be promptly ddivered to and held by said Mortp~ • atd, not kss than ten days in advance of t6e ezp'vation ot e~c6 poW.y. w deliver to said Matt~aes a reawal ~ t~ereot. to6et6er with s recdpt [or the premium of such renewd: and tl~ere shaD bs no sueh insuraace pl~od . ~ oo anp of ~aid buildings. ~ny interest tl~erein or part thereot. uniese ia t6e fom? and with t~e lo~s payabie aa ~toresaid: and in the event wy sum of money beoomes p~yable ander suc6 polky or poUcies ~nd said Mortgagse ~ s~2b~9 ~ 847 ~rv, . : _ - - _ ~ . _ _..Y.. t_ ~