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THIS MOR7Y:AGF DEF.D, made and executed the 7~Iay ot ____Anri 1 19 ~
by John J. I~~_ and Sandra Js_ K~nny. h1s wif.e_of ckney, MI.
48169
hersin~iter c~lled the Mortgaqor, .vl~ich term shaU include the heire, {ng~l representatives, aueeeuors u~d udgm ~
ot the said Mort~gor ~rherever the rnntext eo requirea or ~dmita, :
W TURTLE R~EF AS.40ClATF.S, INC.. P.O. Bo: 61A. Jeneen E4sch, F[. 33457 ~s ~
hereinatter caUed~ the Mortgagee, which term ahaU include the succeseen aad assigns ot tM 3'~ '
s~id Mortgagee wherever the conte:t so requirea er admite. ;
WITNESS~TH: That tor devers Rood and valuable rnnsideration~, snd also i~ oonaideration of the aggreg~ts sum ~
named io the promiseory note ot even date herewrith herein~fter described, the said Mortqagor does 6ereby
grant. bugaia, seU, alien, remiae, release, convey and conCvm unto t1~a said Mortgagee, hIs 6eirs, s~oosssors and
aesigna, all the cert~in piece.... parcel.... or tract.... of 1and. oI which the ssid Mortgagor fs naw seised aud
poseeased and inactud possession. ~ituat~+ in the County ot St. Lucie end State of Fbrida, described ~s toUowx
A ~ undivided interest in tee simple ab9olute da tenant in ootnmon ~
~ in the cettuin real property deacribed in the amended Msste~ Form Deed ot 1Lrtk
. Reet Condominiume 1, recorded in Otficial Record Book 256. Page 235, subject W
~ divestment as ~et forth in said Maeter Form end upon such dive~tment an
om
interval ownership cunsistinR ot Unit weel~ 1 ia Condominium C-12
c. consisl.ing ot Apartment humber snd ita undivided share of the common elementa
1` of 'itirtie Ree( Condoininiums t as such is deseribed in said a:stended Mester Form Deed.
c~';
'R?is is a purchase money mortgage.
, It is further agreed between the partie+ to thi~ mortgage that, in addition to the terms aod oonditiotts eet
out herein, if a conveyance should be mede by the Mortqagor of the premisea herein dexribed, or ~ny part ~ ~ o~
thereof, w~ithout first obtaininq both the written consent of the holder hereot, and an sssumption of this .'z~ ~
obligation, in writing, by the nea proposed Grantee, then, and in ti~at event, ~t tha option ot the lalda heteoE. ~ o~
wit6out notice, all sums ot money secured hereby sha4 imm~diately and concurrently ~vith auch conveyance, beoome ;q
due end psyable and said Note snd Mortgage shall be in de/nult. ~ y~? ~
. o~~ 1~
TO HAVE AND TO HOI.D the same, together ~rith all and aingulaz che tenement~, hereditaments and qs ~e ~ A t
purtenances thereunto belonRing or in anywrix appertaining and the reversiun and reversiona, nemainckr and rs
m~indere. renta, iaauea end profits theraoi and also ull the sstate. right. title. interest, property. possesnion, ~1~un and _
demand whatsoever e~ well in lavr a9 in equity of the said Mortgagor in and to the same and every pari aod _
parcel thereof unto the said Mongagee, and hi~ he'us, ~uccessora and assign~, in fee simpk.
And aaid Mortgagor, for himself, end his heira, lega) tepreeentativea. surressor~ aad a y~
with said Mort a hi~ he;ra, sa~gna. ~eby oonvensote ~ ~
g gee. legal repre9entatives, succesaora and assiqns, that aaid Mortgagor is indefeaat'b1y $ $
eeized oi said land in tee simple: that the said Morigagor hsa full powes and la~vful right to oonvey the aame in fee s ~ ~ ~
aimple es atoreaaid: thst it shall be la.vtul for said Mortqagee, his heire, legal representatives, successora a~ aesigas. ~ r '
at all timee peaceabiy end quietty to enter upon, hold, occupy aad enjoy ssid lsnd end every past thee~eof; ~ ~c
that asid Lnd is free from aU incumbrence~: thet said Mortgagor, hia heirs, legal reprexntatives, ancces.~ors aerd ti~
asaigns, will make auch further a~saranoes to perfect the fee simple title to eaid land in eaid Mrotgagee, `
hie heirs. kgal repreaentativea. succes~or~ and as~igna. aa may re+saonaMy be required: end that eaid Mortg~gor ~ ~
does hereby fnlly warraat the title to said land and every part thereof ead will defend tbe aame againat the
lawfiil claimr of aU persone whomsoe~•er.
It i~ understood tAat each of the words, "note", "mortgagor" and "mortgsgee" respectively and the pronouna ~
referring thereto, ~vhether in the sinRular or plurat anywhere in this mortgage, shall be singular if one only and
shall be plural jointly and severaUy, if more than one, and shall be masculine, feminine andlor neute~, wt~erevet
the oonte:t so implies or admits. .
And said Mortgagor tor himxlf end his heirs, legal repreaentatives, suocesaor~ and saeigne, hereby covenanta and
agrecs to and with said Mortgagee, his leqal representatives, successors and assigns:
1. To pay eU and sinRular the principal and interest end the vsrioua and ~undry suma of money payable by . 4
virtue of said promis~ory noce, and this mortgage, each and every•, promptly on the days respectiveiy the same
xveraily become due.
2. To pay all and singular the tazes, asse~sment~, levees. tiabilities, obligation~ and incumbrance~ of every
mture and kiud no~v on said dexribed property, andlor that I~reaftst may be imposed, auffered, pisced, levied
ot ~sxs~ed thereupon. and/or that hereafter may be kvied or aseeseed upon thia morigage andlor tbe indebtedne+e
secured hereby, each and every, when due and payable accotding to la~+, before they beoome delinquent, and
~ before any inttrest attaches or any penalty ia incurred: aod in so far as any thcreof ie ot record the same sheill be ~
pmmptly aati~fied and discharged of reoord and the original officiei document fs~ch ae, for instanoe, t6e taz
nosipt w the eatisfectan paper off+cielty endoreed or certi6edl shall be placed in tbe hands of eaid Mortg~gee
witl~in tan daye ne:t efter payment; and in the event that any thereof is not ao paid, setisfied and disc~rged,
seid Mortgagee may at any time psy the• aame or any pert thereof ~vithout waiving or affecting any o~ption,
lien, equity or right uoder or by virtue of thia mortgage, and t6e fuli emount o( eac6 and every such payment ehaII -
be immedietely due end payabk and ~hall bear intereat hom the date thaeof unt~ paid at the rate of ten per ,
oentura per anaum and together with s~ch interest ahall be aecured by the lien of thia mortgag~e.
3. To place and continuousty kesp ~ the buildinga na~v or ~fter situate on seid land fir8 and windstorm
insuraace in the u~al atandard policy forno, in a eum not less than the amount due hereoa, in auch voa~ny
~ or compenies ae may be approved by aaid Mortgagee; end all auch inaurance policies on any ot said bu~dings. aay
interest th~rein or Rart thereof, in the aggregate aum eforesaid or in ezceaa t6ereof, shatl oontain ths nswi
standard mortgagee ctauae making the lox+ under said policies, each and every, psyabk to aaid Mortgsgse ~s hir
interest ~nay appe~r, and e~ch and every auc6 policy a6aU be promptly delivered to ~nd held by a~id Mat~g~ •
~nd, not kss tlun ten days in sdvance of the e:p'vation oi e~ch poticy, to ddiwr to sdd Martg~aes a e~wri
t~eC~sof, togetha with s reuipt tor the premium of euch renewal: and there s6at1 be no wch insnranos pl~pd ~
00 ~ny of said buildings. any interest therein or part thereot. unle+a in the form and wltb the losa p*yabie ee •
dorewfd; and in the event any sum of money become~ paysble under such policy or policiee and aaid Moctgages .
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