HomeMy WebLinkAbout0907 :~E~8S14 APR ~ ~ ;~n ~ f
THIS MORTGAGE DEF.D, made ac~d e:ecuted ths 20t~y ot __A~i ~ , l9
~ bys iERRY A. YiLS~N & C~THEgiNE ~.~_I~iI1.St1~~IS~FE OF 8461 PnATAGE
ONBRAMA, MICHIGAN 49675 ~
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heroin~fter caUed tht Mortgagor, which term ehaU inctuds th~ h~rs, legal reFxesent~tlve~, sueowson sad a~dgM
ot ths said Mwtgagor wAetevsr the conee:t so requires or sdmits. ' ~
to TURTI.S AEEF ASSOCIATE3. 1NC.. P.O. Bo: 618, Jensen Beach. FG 334b7
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h~einaher called' the Mortg~gce. +rhich term ehall ioclude the successon and assign~ ot ths
s~id Mortgagee wh~eve~ the conte:t ao requires or ~dmits.
WITNE3SETH: That tor devers good and veluab{e conaider~tione, and al~o in oonaide~ation of the aggregate sum
named in the promissory note ot even date herewith bereinafter deecribed, the eaid Mortg~gar doss 6ereby
grant, bargain, eeU, aliea, remise. rebsse, convey and co~fir~n unw the eaid Mortgs~eo, 6i~ heirs, suoosssoes and
assigas, aU tlte certain piece..., parcel.... o~ tract.... ot 4nd, ot which the said Mottgagor is aow ssiud aad
~ ' pos~eesed end inactual posse~sion. aitwte in the Couoty of St. Lucie ~nd Stste of Florid~, desaibed as fdbwx ~ Q~
: 76
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1~ ~ undivided interest in tee aim k abwluce aa tenant in common x z c~
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in the certain real property dexribed in the amended Master Form Deed ot Turtk c~ o~
; Reef Condominium~ 1. recorded in Oifkial Recocd Book 256. Page 235. sabject W
y. Q~, diva~tment ~a eet torth in said Msste~ Form Deed snd upon such divesta~ent an ~
,;_o z infsrval ownerahip consisting ot Unit wreel~(_I(1.____~ in Condominium G-12
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m ~ oonaisting ot Apartment Number _ C" ~~i and its undivided share of the common element~
~ of ltirtk Reat Condominiums 1 as such is dexribed in said acnended Master Form Deed.
~ • ~ -o ~e
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Thia i~ • purchsse money mortgage_
it ia further agreed_between ii?e pariie~ to thi~ oiorrtgage tbst. in a::::~::on to ti?2 E~t~ ~u$ eri~t#iii~as ^ 3~'~
out herein, if a conveyance ~hould be made by the Mortgagor of tl?e premisea Lerein descri6ed. or tnY P~+t ~
thereot, without fie~t obtaining both the written conaent of the Iwld~ hereof, end an ~ssum~?tion d this
obligation, in writing, by the new proposed Grantee, then, and in thet event, at tbe optan of the ho{der 6ereof, o" ~
witlwut notice, all sums of money aecnred hereby ahall, immediately and concurrentty with 8ach oonveyanoe, beoome ~
due and peyable and said Note and Mortgage shall be in detault. ~
TO HAVE AND TO HOLD the same. wget6er writh all and singular the tenements. 6ereditaments and ap~
purtenances thereunto bebnging or in anyw+ise appe~taining and ihe reversion and reveraions, remainder and rs
m~ind~s. rents. isaues and profite thereof and alao all the estate. right. dtle, interest. ProP~Y• P~ cltim and
demand whatsoever ae well in law ae in equity of the said Mortgagor in and to the aame and every part and
pen~el thereof unto the aaid Mortgagee, and his heirs, aucceseors and asaigns, in fee simpk.
And eaid Mo~tgagor. for himself. and his heiro. legal repre~tatives. g~ucessnrs and aasigae. 6rreby oonv~ants
with eaid Mortgegee. t?is heira. kgal repre~entativea. suoces~ore end assigas. that said Mortgagar is indefeasi`bly .
aeir,ed of said land in fee sunple: that the said Mortgagor ha~ full power and lawful right to wnvey the eame in tee '
simple as atoreaaid: that it sMll be tawtul tor ssid Mortgagee. his heira. 1ege1 repre~entativea. euoc~ors and aesi8os.
at all timea peacesbly and quietly to enter upon, hold, occupy and enjoy eaid lsnd and every pert t6eieof;
that ~aid lead 'u free from aU inc~mbrances: that said Mortgagor. his heira legal representetives, sucaessore and
assigua, will malce such farther sasuranoea to perfect the fee aimpk title W eaid Liad in said Mrot6~8ee.
his 6eire, legal repreaencativea. auooeaaors and assigns. as may reasoaably be *'eqnired: and tlut s~id Mortgagor
does hereby fully warrant the title to aaid lend and every part thereof and ~riU defend the same againat the
law[ul cleims of aU person~ whomaoever_
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~ It is understood that each of the words. "note". "mortgagor" and "mortgagee" reapectively and the pronouna
f referring thereto, w~hether in the sinR?ilar or plurai snywhere in thi~ mortgage. shaU be singular if ot~e on1Y and
~ shall be plural jointly and severally. ii rnore then one, and shell be masc~iline, feminine andlor oeuter, wbe~ever
! the conte:t so implies or admits_
E And said Mortqagor for 1?imself and his heirs, legal repre~entatives, succt~sor~ and asaigns, hereby oovenante aod
~ agrees W and ~rith said Mortgagee, his legal representaEive~, succes~ors and aseigns:
~ 1. To pay all and ~ingular the principal and intereat end the variou~ and aundry sua~.+ of money payable by . ;
virtue of said promiasory note. and this mortgage. each and every, promptly on the days reapectivdy the eame
~everally become due.
2. To p~y all and singular t6e tues, asses~ments, leviee. liabilitie~, obtigation~ and incambrancea of evay
nature end kind now on said dexribed property. end/w that heresfter may be imposed. saffered. pl~ced. ievied
or teseased thereupon, and+or thst hereafter may be levied or asxased upon this mortgage and/or the indebtednese
secured 6ereby, each and every, when due and payabk aocording to law, befae~e t6ey become delinquen~ end
• bsfore any interest sttaches or any penalty ie incurred: and in so f~r aa any thereof ie of reoord t6e same shaU be
~ promptly eatisfied and dixharged ot record and the origin_a_lJ offic~ial d-ac~ment Isuc6 ae,_ for instanoe, the tu
~~~/4 V~ «O O~LtOi6~~iii~i ~~w~i~~ g.'~~'i'~viii -v
~i ~ ~~~-s~~~[~ ~:'i~1 LF ~ t~ ~~~RS4D {fi ~ ~~g~s~~
~ wk6ia tea days ne:t after psyment: and in t6e event that any thereaf is not so paid. satiefied and discbarged.
said Mortgagee msy at any titne psy tbe same or any psrt t6ereoi wit6out waiving or effecting any option.
~ liea, equity or right under or by virtue of thia mortgage, snd the tull amount of each and every snch p~yment e6sII
be immediately due end p~yeble and shall besr iat~eat from the date t6ereof unttl paid at t6e nte of ten pcrr
~ ceaturn per annum and toget6er with such intereat shall be secured by the lien of this mortgage.
~ 3. To plaoe and uontinuonely kesp on t6e buildinge raw or her~ftet sitwte on ~aid laad fire u?d windstorm
~ ins~rance in the usual atand~rd policy torm, in a eum not kna t6an the amount due hereon, in auch ownpany
? or companiea as may be approved by esid Mortgagee: aed aU eac6 insursnce policiea oa any oi said Mu7dingt. any
~ intereat therein or part tAereof, in the aggregate sum aforessid or in e:cese thereof, ahall oontain tbe nwl
standard mortgagee clause making the losr under said policies. e~ch end every, peyabk to eaid Moctgsgee u hi~
~ iatere~t may appear. and eech and every euch policy s6all be promptly delivered W and he3d by uid Mort~~c •
~ ~nd, not iess t6an tau days in edvanoe of tbe ezpir~tion of eac6 policy, to ddiwr W ~aid ~[atta~ a e~e~wa1
t,6awf. together with a receipt for t6e pe~eminm ot snch renewal: ud thera sh~11 be no weh insuranos Pl~od .
~ on a~? of said M~ildings. any intereat th~rein or part thereof. unleas in the lorm and with tbe loss p~yable as
aforeMid; ~nd in the event any sum of mw~ey becomes peyabk undnr euch policy or policies ~nd ~aid Mortgagw ~
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