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Home My WebLink About0855 ~f . , 3~8~80 ~ TH13 MOA7'CAC~ D~FD, made and e:ecuted the Z1SLday ot ~~j 1.~ 19 by William 0. Norwood~Jr. and_Karen J._Norwood, his wife of 1295 Leslie Or., 3 Merritt Island, FL. 32952 - _ ~ ~ Ae~tnaRK ulisd ths Mortg~gor. which tenn shall intlude the heir~, kgd represeatatlve~. ~u~~ and wi~a~ of tl~e said Mortgagor w~l~erever tl~a rnnie:t so oequices or admits, W TURTI.B REEF A3.SOCIA7'E3, INC.. P.O. Bos 818, Jeoxn Beach, l~I. :3345? he~ein~ite: c~lled' the Mortgagee, which term shall include the successor~ and aseigas ot tbs eaid Moctg,~ges wherover the conte:t ao requires or admits. WITNE33ETH: That tor devers good a~ valuabk eonaide~ations, and ~leo in consider~tioa ot the agsregate sum named ia the pmmi~sory note of even dste herew~ith hereiaafter deecribed, the s~id MoKg~gor does t~ereby graat, bargaia, seU, aliaa, remise, release, convey end eonfirm unto the ~ald Matgagee, his heiro, wocas~ors and ~ssigns, d] the ce~uia piece.... p~rcel.... or trect.... ot land. of ~vhich the said Mortgagor ia now ~air.ed ~nd , poseessed and inectud po~.+esaion, ~itwte in the Countv oi St. I.ucie snd State of Florid~, deseribed as tdbwx ~ Q . ~ ~ ~ T o~ . .,n p __°'r undivided intereat in fee simple absolute as tensnt in common ~ in the certaia real property dexribed in the amended Maater Form Deed ot 7ltrtk o y Reet Condominiama 1. recorded in Otficial Reeord Book 2S6. Pege 235. subjeet to i~ divestment as eet forth ia said Ma~ter F Deed and upon auch di~i an OO ' ~ interval o~merehip conai~ting ot Unit w~elc~ ~3 in Condominium y~ ~N _ 'D ~e _ oonaisting of Apartment Number C' 18, end its undivided ehare of the comiron elementa ~ j ot 'ILrtk Reef Condominiums 1 as such is dexribed in uid amended Master Form Deed. ~~^~'Z ~ 71iis ia a purchase money mortgage. It ia further agreed between the psrcies to this mortgage that, in addition W the terma and oonditione sst ~ oat herein, if • conveyance shouW be made by the blortgagor of the premieee herein deecribed. or anY P~'~ t6ereof, without first obtaining both the wnitten coneent of the hoider l~er~eof, and an essumption ot thia oblig~tiun, in writing, by the new propo.9ed Grantee. then, and in that event, at tbe optan oE the holder i~eof, ~ witbout notice. all ~ms of anoney secured hereby ahaU. immedietely and rnncurrently with euch conveyance, beoome A dne and p~yabk and said Note aad Mortgage ahail ba in detault. ~r TO HAVE AND TO HOLD the saa~ together with all end singular the ceaeznents. hereditaments and ap~ parteaances the~eunW bebnging or in anywise appertaining and the reversion and revereioas. remainder and rs m~ndan. reats. isaues and profits thereof and elao all the estate. riRht. title. interest. ProP~Y. P~- cLim and de~nand whateoever as we11 in law as in equity ot the eaid Mortgaqor en and to tl~e same and every pat and parcea thereof unto the asid Mortgagee. and tie heire, suc~xssors and assigns, in fee simple. . . ir-'-'~e v_ e......e.e.... an.1 ~~~:ew~ l..a~{nr mnwe~~nfi f111d sif~ itiiUii.~a~ili• ifii iliiiibi2ii• a3SU fuJ •~~:ata. acg.si :ajsacaaauw~ssz:s. :s::'": - with s~id Mortgagee. his heira, legal repreeentatives, aacceaeora ~nd asaigna, that said Matgagor ia indefeesi'bly seiud of said land in fee aimple: that the said Mortgagor has full po~rer and lawful right to oonvey t6e same in fee aimple as doresaid: thet ic 'shall be lawful for aaid Mortgegee. hie heir~, legel reprexntativea, aucceseors and amigna. at all times peacesbly and quietly to enter upon. hoW. oaupy and enjoy said Wid and ev~y part thereoi: that s~id land ie free from all incumbrance~: that aaid Mortgagor. his heirs. legal representatives, wcees.+ors and aasigna, will make auch further aasuranoas W perfect the fee airnple title to said land in eaid Mrotgagee. his beirs. legal rePreeentative~. saccessoro and assign~. sa may r~sombly be required: and t6at ae~ Mortgagor does hereby fiilly ~varrant the title to ssid lend and every part thereot and aill defend the aame a~gainet tM lawfiil tlaims ot all peraon~ whomsoever. ~ It i~ uaderatood that each of the words. "note". "mortgagor" and "tnortga8ee" reapectively and the pro~ouns E referring t6ereto, whether in the singuler or plural any~vhere in thia rtwrtgege. shall be aingular if one onty and ~ ahall be plural jointly and severally, if more than one. and ahall be maxuline. teminiae and/or neuter. ~I~ever ! t6e oontezt so implies or admits. j Aad ~aid Mortg~gor for himself and hi~ heirs, legal representatives, suoceseora and sasigns. hereby rnvenanta and ~ agrees to and writh said Mortgagee, his legal repre~entativee, ~uccessoro and assigns: a ~ 1. To psy all and singuiar the principsi and interest and t6e various and sucHiry suin+ of money payabie by . virtue of said promieeory noce. and this mortgage, each and every, promptly on the days respectively the ~ame xverally become due_ 2. To pay all and aingular the ta=ea, as~easments, leviea, liabilitiea, obligations and incumbrence~ of every ~ nsture and kind now on said dexribed property, andlor that hereafter mey be imposed. euHered, placed, kvied or ss~eaeed there~pon, snd.~or that hereafter msy be levied or aseessed upon thia mortgage and/or the indebtednese ~ secured he:eby. eath end every, w}?en due and payable according to law~, before they beoome ~linqu~~ and before anq interest attachea or any penalty ie incurred: and in so fu as sny thereof is of reoord the eame ebaD be ~ promptly eatisfied and discharged of record and the original official document Isuch as, for instanae, tLe t~ ~ ncefpt or the satiaf~ction paper otCcially endor~ed or certi~iedl a6a11 be plsced in the hands of eaid Matgagee within tea days nezt after payment: and in the event that any thereof is not so paid. eatisfied end dixh~r6ed. ~ said Mortgagee may at any time pay the same or any part thereof ~vithout ~raiving or affecting any option. lien, equity or right under or by virtue of thi~ mortgage, aed the full amount of each and every snc6 peyment shaU ~ be immediately due a~ payabk and shall bear inter~est from the date thereof until peid at the nte of tea per ~ oenWrn per annum and together with such intereat ahall be ~ecured by tbe Gen of thia nwrtgage. ~ 9 3. To pl~ce and continuouely keep on t6e buildings now or hereafter situate on said land fire and windstorm ~ insurance in the uswl atandard policy form, in a eum not less than the amount dne hereon, in such oompany a or companies aa msy be approved by said Mortgagee: ~nd all such inaurance poticies on any of said bu~dings, ury ~ intereat tAarein or part thereof, in tbe aggregate ~um atoresaid or in euess thereof, ahall coatain tLs uwal ~ ~ sta~rd mortgagee clause making tl~e losn under said policies. eac6 and every. PeYabk to said Mortg~gee u hN intettist m~y apQear. end each and every such polky shs0 be P*~P~Y deliversd to and Leld by said M~ - ~ and, not kaa t6an ten dsya in advance of the e:piration of e~ch poliey, to ddlv~r to said U[ort~~ a e~o~wa1 ~ tbereof. togeth~ with a roo~pt tor the premium ot suc6 ronew~l: and t6s^a shall be no sneb iasntanos pl~csd ~ on any of said buildings. any int~erest therein or part thereof, udesa in the form ~nd with the bss payable aa ' ~ dors~aid: and in tbe event any sum oi mooey becomes pay~bk under wch policy or policies and said Mortgages ~ BUOK ~ PII~E 8~ ~