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Home My WebLink About0861 . ~f~484 . $ ~ THI3 MOR7YiAGF. DEF.D, m~de end e:ecuted the 19 _day ot Februery ` , '1" ~ by_____ArSh~r~~nn-.- S~Brnnk~L~ceet,__~1as~onhur~.S~nn- pbn~s j~ Aeceina/ter caUed ths Mortgagor, w~hich ternn shaU include ths heirs, leg~! repressntatives, ~uecss~on and w~n~ ~ ot tbe said Mortgagor wherever the conte:t so requfres or ~dmits, to TURTLE REEF AS.SOCIAT~S. INC.. P.O. Bo: 61A, Jensen Be~ch, FL 33457 ~ # hereinaher caUed tbe Mortgagec, ~hieh term ahall include the successon and assign~ ot ths said Matgagee wl~erever the context so requir~ or sdmits. WITNE3SETH: That tor deve?s Rood and valuabk con~iderationa, and s19o in rnneideration ot ths ~ggreg~te wm named in ths pmmisaory note ot even date herewith hereinafter dexribed. the eaid Mortgagor does he~eby ~ Q~ ~aat, bugain, se4 alien, remise, releaee, convey end rnntirm unW the eaid M 7~ atg~gee. his l~eirs. s~o~esso~s aod ~ssigas. ~11 the certain piece.... perrcl.... or tract.... ot land. of ~vhich tAe said Mortg~g~or b aow aeIsed and ~n . poaseased and enactua! posaeasion, sitwte in the County of 3t. Lucie snd State of Fbrid~, destribed ~s idlowx ~f ;2 ~ , ~ o A 0.115 3_._ undivided interest in fee simpte abwlute as tenant it~ commo~ ~ z 0 ~ w the certain real property described in the amended Maater Form Deed of 'Ilirtk i-+ ~p : ~ ' R e e t C oa d omiaiums 1, recorded in Official Record Book 2b6. Page 23b. aubject to o" It; 3 divesttaent as set forth in aaid Msster Form D~d and upot? suc6 diveatmeat aa a+ ~ U ~ incerva! owmerehip rnnsisting of Unit weeks 15 in Condominium ~-9 . _ _ - and unit weeks 3 and 4 in Condominium C-16 Apt. C-16 ~ f ~a con~i~ting of Apartment Number a~nd ite undivided s~are of tha eommon eletnents ~ ' ot 7tirtle Reef Condominiums i a~ auch dexribed in said amendcd Maste~ Form Deed. ~ ~ :J ~ ~ S -Sa . „ '11ii,+ i~ a purcha~e money tnortRage. ~ - lt is fnrther agreid bet~reen the parties to thi~ mortgage that~ in ~ddition to the ternna aad oot~ditio~ne set aut herein, it a eonveyance should be n~ t,y tt~a ~,t~rigsgar af L2~.e gr~r.;sas A~rsin descr;bed, or any put ~ thereof, without first obiaininq both the written rnn~ent oi the MWer hereot, and an ~saumption of this obligation, in arriting, by the new propoaed Graatee, then, and in that event, et the optaa oi the 6oidar l~eot. witbout notice, aU sum~ of money secured h~reby shall, immediately end rnncurrently ~vith suc6 ooaveyance. beouuie due end peyable end said Note and Ritortgage sheft be in default. TO HAVE AND TO HOLD the same, together with all and singu~er the c,eneements, herediume~te and ap. pllT~llthCeS LAEfBIlI1~0 ~{Opgtlfg or in anvwix appertainiag and tue reversion snd reversans. remanider ud z+e~ maindera. renta. isauee and pro~ita thereof ued al~o a!1 li:e estata. rig!?t. title. interest, property. posse~sion. cWm and deaund wtut~oev~ weU ia law as in equity of the said Mortgagor in and to the same and every p~tt and parcel thereof unto the said Mortgagee, and hia he'vs, sucte~sors aad sssigns, in fee sumpk. And aaid Mortgagor, tot himsetf. and his heira. lega! rep~eaeatstivea. sucressors sad as~igas. h~reby oo~ve~nb writh said Mortgagee, hia heire, legal representatives, aacceseore and assigaa, thet said Mortgagor ie indefeu~'bly eeised ot ssid land in fee simple: thet the said Mortgagor haa fuU power and lawrful right to oonvey the same in fee aimpie as aforeaaid: that it shaU be Iswful for asid Mortqagee, his he'va, tegai rrpreeeatatives, ~ors and aeeigns, at aD times peaceably and quietfy to enter apon, hold. occupy and enjoy said land and every put the~eoi; thst s~id lend i free f*ee! ell incumbra:ece•: thnt ±aid M~xtgagor, hi, heirs, legal repreaentatives. auooeseors and assigos. will make such further assurancea to perfect the fee aimple titk to aaid W~d in aaid Mrotg,~gee, ~'ss lseus• Zegal r~x.zis»`ves, succeseors and aaaigns. as may reaeonebly be required: and t6at a~id Ma~tgagoc does hereby fully warrant the tetle Lo said land and every psrt thereoi and w~l defend the same agRinst the lawiul claims of ell persons xhomsoever. it is undecstood thet each of the words. "note". "mortgagor" and "dwrtgagee" respectively and t6e pcoaw~ns referring thereto, whether in the singuler or ptural aaywrhere in this mortgage, shall be aingular if one onty and ahall be plura! jointly and severalty. if more than one, and shall be mesculine, feminine andlor ne~ter, whe~ever the oonte:t so impGes or admits. And eaid Mortgagor for himself and his heira, legal repre~entative~, suocessoro and s~igns, hereby oovenante md agree~ to and with said Mortgagee, his legal representativea, successors and assigns: 1_ To psy all and aingular the principal and interest end the varioa~ and sundry aums of money payable by virt~e of asid promissory note, and this mortgage, each and every, promptly on the days respectively the eame ~ xverally become due_ 2. To psy all and singular the tues, aasessments, levies, liabilities, obligations and incumbra~ee of rvety natnre end kind no~r on said dexribed property. end/or that hereafter msy be impo~ed. saftered, placed. ievied ar ~esessed thereupon, and/or that hereafter may be levied or aaseased apon this mortgage ar.d/or the indebtedneas axured berebp, eaeh and every, when due and payabie according to la~v, before t befoce any mterent attache~ or any pemlty ie iacurred: and in ao far as any thereof of reoord the same ahall be ~ promptly astisfied and dixhuged of record and t6e origind official document fauch as, for instanoe, the taz no~fpt or the satiefaction peper officially endorsed or certifieell shall ba plac~ed in the hands of said Moetgagee wlthin ten daqs ne:t aft~ peyment: and in the event that any tbereof is not so paid. aatisfied aod discharged, eaid Mortgagee duy at any time psy the eame or any pert t6ereot witl~oat waiving or affectiog any opt~on~ tiea. equity or rig6t under or by virtue of this mortgage, and the full amount of esch aad every auc6 ptyment sha11 be immediate}y due and payable and shall basr intereat fmm t}~e date thereof until paid at the nte of ten pet ceatarn per annum and together with auch intereat ahaU be secured by t6e lien of tbis aartgage. 3. To pl~ee and continuousty keep on the buildings now, or herea[ur situate oa ea~ W~d fue and windstorm inaurante in the veual standard policy form, in a amm ~ot Iess t6an the amount due hereon, in such oompany or compsnies ae may be approved by eaid Mortgegee: and dl such inauranoe policies on anq of eaid bu~ldings~ any int~rest therein or part thereot, in the aggregste sum aforesaid or in ea~oesa tl~ereof, shap oontain the uw~1 ttandard mortg~gee clau~e making the ber under ~aid poiicie~. each and ev~ery. peyable to eaid Mortgages ~s Lis interesc m~y appear. and e~ch and every auch poticy shall be P~~PVY ~vered W and held by said MatB~'MC - ~nd. not less tLan ten daya in sdvance of the ezpiration ot e~eh poticy. to dsliwr tu said Mactgs~es • ewrwal tbereot. together with e receipt for t6e premium of euch renewal: snd there e6a11 be no such tusaranoe pi~o~d an anr of said buitdings. aay intereat therein or pert thereof. unleaa in the torm and wiib tbs loss p~y~ble ~s ' afore~tid: and ia ihe rvent any eum ot money become~ peynbk under such policy or policiee and s~id Mortgage~ :4 BOOK ~ p~ ~ . 859 ~ ~ _ _ . _ .