The URL can be used to link to this page

Home My WebLink About0998 . , ~ , BUILDING "D" 3~?~'~ ; ~ , 3 THI3 MOR1'GAGB DEFD, m~de and e:ecuted the _Stfliay ot ~cember 19 by Edward L. Banken and Pauline C. Banken, his wife of 11001 SW 74th Ave., Miami, FL. 3315b 1?~einaft~ caUed the Matg~gor. wAich term shaU include the heirs. k~l repressntative~. ~ucces~ors and aKig~u ot tbe said Mortgagor wherever the conte:t so requires or admits, W TURTLS REiiR A3.90C1ATE3, 1NC., PO. Bo: 618, Jenseo 8e~ch. Fl. 3:t4b7 hereinatter caUed~ the MortRagee, ~vhich tetm ahaU iaclude the auccessors and anei~ns of the aaid Mortg~gee wherever the conte:t ao nquires or admits. WITNESSETH: That tor de~er~ good and valuabb considentioas, snd dso in rnnsident'an ot the ~ggregats sum named in the promi+sory note ef oven date here.vitA hereuufter de+cribed, the said Mortgagor doea hereby qrant, bugaia, sell, alien, reniix, releaae, convey end centirm unto the ,aid Maigagee, his heirs. ~ccessors ard ~asigns. dl tAe cartain piece.... p~rcel.... or tr~ct.... oi 4t~d. ot ~rhich the ~aid Mortgago~ is aow seezed ~ud possessed and inactual po„e~eion. aituate in th~ County ot St. Lucie end State o( F{orid~, describtd aa toUows: A Q•2538 % undivtded interest in fee simple absoiute as tenant in common in t e certain real property described in the Master Form Deed of Turtle Reef Condominiums 1, recorded i~ Official Record Book 2b3, Page 2002, subject to divestment as set forth in said Master Form Deed and upon such divestment an interval ownership consi ting f Unit Weeks 1 and 2 in Condominium D-6 and Unit Weeks 3 and 4 in Con~. D-38 ~ respectively consisting of Apartment Number p-6 & D-30 , and its undivided share of the ~ comnon elements of Turtle Reef Condominiums 1, as such is described in said Master Form Deed. This is a purchase money mortgage. - r it i~ further agreed between the pertiee to tAi~ mortRage that. in additioti to tAe terms and conditions set 41 O°~ ~t a rnnveyance ahould be msde by the Mortgagor of the premi~ herein described, or wy patt - ~ th~eot, writbout firot obtaining both the written conxnt of the holder hereot, and an asaumption ot this v obligatan, in writiag, by the ~ew proposed Grsntee, then, and in thst evea?t. at the option of the 6older her+eoi, ~ ~S ~ without notice. aU aum~ of money ~ecured hereby ahaU, immediately and concurrently with such eonveyanoe, beoome _ c due aad p~y~bk and aaid Note and Mortgage ahall be in default. _ ~ . ~ . o TO HAVE AND TO HOLD the +ame, together with aU and aingul~r the t~toemeata, hereditaments and aQ purtenancta there~nto bebnRing or in ~nvxix appettainii?g ~nd the' rever+~on aad reve~io~s. r~mainde~ ~ad r~ m ~ mainders. renta. isaues and profita thereof and slso dl tbe estate, right. titk. interest. ProP~*tY• P~ion. elaim and ~ 0 dem~nd whatsoever as weU ie lew es in equity ot the said Moctgagor in and W the same ~nd ev~y part snd ~ paroe1 th~reot unto t6s said Mo =n rt(Cagee. and hi~ hein. succes~ors and esaigna. in fee simpk. ~ And said Mortgagot. tor Aimself. and hia heira. kgal representativa. auccesaors and assigns, he~ebr ooavenants , with said Mortgagee. hie he've. legel repre~entative~, aucceesors and aasiqns, tlut said Mortgagor is indefesa~bly aeised ot asid land in fee aimple: that the naid. Mortgagor h~a tull power and Iswtul right to oonvey the nme in fee aimple ae aforeaaid: that it ~hall be 4wf~! for said Mortgagee, his heira, legal representatives, auccessors and a~aigns, at all times peecesbly snd quietly to enter upon. hoW. occupy and e~njoy said land aad every part tAereof; that said laed is tree from all incumbrsaoes: that said Mottgagot. his hara, kgal repreaentativee. sueoessors ~nd asaigua, wilt make such further a~suranoea to pe~fect the fee simple tit3e to said l~nd in s~id Mrotgage,e, his heirs. legal repre~eatatives. successors and sssigns. es may reaeonabty bs required• end tlut ~aid Moctgagor does hereby fuUy w~rrant the title to said land and every part the~eof - snd will defend the aame egainst t6e lawtul claims of ~11 persona whomsoever. It i~ understood that each ot the words. "note". "morigagor" and "mortgagee" respectively and tbe pronouns referring therew, whether in the sinRuler or plural snywrhere in this mortgage, shsU be singuLr if oae onty and ~~hall be plursl jointly and aeveraUy, if more than one, and shall be m~scnline, feminme andlor neute.r, wheeeara ~ the tonte~tt so implies or admits. i - And aaid Mortgagor for himself ~nd his heirs, kgal representatives. svoceerore and a~signs, he~eby oovenants and r.~ ' agreee to and with said MortRsRee. hia leRal reprexntstives. auccessore ~nct aaaigna: ~ 1. To pay all and sinRular the principel end intere~t and the varioua and aundry sums of monry pey~ble by _ virtue of s~id promi~~ory note. end this nwrtga(~e, each and every, promptly on the dey~ reepectively the same .,t ` ~everdly become due. ' ~ 2. To p~y all ~nd singular the tuea, essessmenta, leviea, liabitities, obligatioaa and iacumbnnces ot rvery ~ nsture and kind now on uid de~cribed prvperty, and/or that hen~fter msy be imposed, euff~red, pbeed, levied + or asse+sed thereupon, and~or that hereafter msy be kvied or aasessed upon this mortgage and/or the indebtednees secared h~reby, each and every, when dae and payabk according to law, before t6ey beoome detinqueat, aad ' befora any intcrest attaches or a~nq .penalty is incurred: end ir? ao tar as any thereof ia of reoord the srme s~11 be ~ ` pnomptly satiefied and dibcharged of record and the origind official document lauch as, for iaat~noe, the ta: : reosipt or t6e sstiefectan piper officially endorsed or certifiedl slull be placed in the hands ot said Martgagee w~ithin ten days ne:t ~fter peyment: and in the event that any tl~ereof ia not eo p~id. eatisfied and discbarged, said Mortgagee may at eny time pay the eame or any part thereof witlw~t waiving or aKecting any aption, ; lien, equity or right u~er or by virtue of thi~ mortgage, snd the full amount ot e~ch and every suc6 p~yment . s6aII be immed'utely due and p~y~bk ~ad shal! be~r iaterest from the date thereot uatil paid ~t the rate ot ten per oeaturn per annum and togetber with euch intaest s6all be xcured by the lien of t6is mortg~g~e. .-t 3_ To pLcs and continuouely keep on the buildings now or hereafter situate oa asid tand fue and wrindstorm insuranoe in the usual atandard policy form, in • eum not kss than the amount due hereon. in such company or companies as may be spproved by e~id Mortgage~ and all sucl~ insurance policies oa aay ot s~id bw7dings, aay inGerest therein or part thereof. in the aggregate sum aforesaid ar in ~oess thereof. ~hall oont~in t6e nwal standard mortgagee clause malcing the u~det said policies. e~ch aad every. P~Yabk to aaid Mortgagee as hi~ - A intere~t m~y appear. and eacL ~nd every auc6 poliey shall be prompcty ddiv~ed co aad held by s.id M«tg~~wc • and. not kss tlun ten days in adv~ncs of cbe e:piration oi e~e6 pdiey. to ddiwr to ~aid Nat~a~w a raewd tharsof. tog~ether with a receipt for the premium of wc6 rensw~l: and tlwe+s shall bs oo sueh inwn~s pl~ad ~ oo any ot said bu'ldings. any juterest therein or p~rt thareof. unka io tbs torm ~nd wit6 tM b~s qynbls u . afore~aid: ~nd in the event any sum of maoey becomss p~yebk under wuL policp or Mortp~e R~ahred • Yin Rayett~t Of TaooN 0 R Dus On C1as "C" ~ntMpibMPw~rlPhcp~q. BOOK~~ ~ Pursu~nt To CA~pw 7t. f 3~b Aolr tY71. , RO~'~Ew POIZMB ~ M~ /~ar. J. I~~..~. c~. ri._ i. _ r. _