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Home My WebLink About0557 ~ :iyC1~6b~ :'::S'7 ~ 1. p,e-Recard THIS MORTGAGE DEE:D, madr and r:eruttd the ~o~da~• of __J~. 19 bY l~;.t~~_L. _ ;U~'Cll - - 2718 1:. Shore lh~ive; 4'oi•ta~e, `t[ ~1~~(1~i hereinafier called the Mortgagor, w~ich term shall include the heirr. IeKal representativey. +uccessore and aa~igna oi the said Mortgagor whereve~ the rnnteal so requires or admits, • 3 to TURTL~ REEF ASSOCIATES. 1l~iC , P.O, Box 61A, Jensen Beach. PL :i;i45; j hereinafter celled the Mortgagee, which term shaU include the succe~wrs nnd assiqns oi the j said Mortgagee wrherever the context so requirea or admits. ~ ~ WITN~SSETH: That for drvcrs Koud and ~•aluahle considerationv, and alco in ~vnsideration of the aggregatx sum ~ na~ed in the promissor~ nate of even dete herewith he~einafter described, the seid Mortgagor doea hereby grnnt, bargain, seU, alien, remise, release, convey end confirm unto the vaid \ioirtgage~e, his hein, succesaoc~ end _ {ss~gns, alI the certain piece..., parcet..., c~r tract.... of land, of which thr aaid 1~lortgagor is no~r aeized and : r ~~.s~eaxd end inactual posaession. situate in the (:ounty of St. I.ucie ar.d State of Floride, dexribed e~ follo~vr. ~ ~ , p ' 0 ^ - ~ n. 1153_ _ n, undi~•cdc-d interect in fer simple ahsolutr as tenant in common ~ o ,~L ~ ~ in the certain real prupert~~ de~cribed in the amended '.ltaste ~F rm TH~r~~rtle , V' ~ ~p ~ r Reef Condomini~ms 1, ren~rded in Official Record Book X~~`3`6ge kX;6, t to • ~ i~ ~ divestment as set furth in said \laster Form Deed end upor, such divestment an _?~~0 ` interval owtsership consistinR of l;nit wreks.~3_g~__6_- in Cond~srinium , ~ ~ consistinR of Apartment tiumMr _I~-~, and its undivided share of the common elements , P~ of 'ltirtle Reef Condominiums 1 av such is descritx~d in said amendc~ ~laster Form Deed. ~ ~ This is a purchas~ m~ne~• morty;a~e. _ . ~ . t It is further agreed Mt.ween the parties to this mo-tRaRe :hat, :n additien to the terms and eonditions set . - out herein, if a con~•eyance shoutd be made by the ~~oriAaRor of the prnmi:ses herein described, or any part . thereot, without ~r9t obtaininq both the written consent of the holder he~eof, end an assumption of this obligation. in writing, by the rtew proposed Grantee, then. and in that e.•ent, et the option ot the holder hereof, w+ithout notice, all sums ot money secured hereby shaA, immediatei~• and concurrently with such conveyance, berome due and peyabte and seid Note and Mortga~:e shal! be in default. TO HAVE AND TO HOI,D the snme. together R1C}1 all and sinKular the tenements, hereditaments and ap- purtenances thereunto belonging or fn anywise appettaining and the revers~on and reversions, remeinder and re maiaders, rents, issues and profit~ thereof and also all the estate, right, title, int.~rest. property, posaession, claim and demand whatsoever as weq 'in !aw as in equity of the said MortgaRor :n ar.~f to the same and every part and parcel thereof unto the said titortKaRee, and hie heirs, successors and assigns, in fee aimple. ~ And said Mortgagor, for himself. and his heirs, lega! representatives. succ~essn.-s and assiRns, hereby rnnvenants with said Mortgegee, his heirs, legal representatives, succes9ors and assiRns, that said Mortgagor is indefensibly seized of said land in fee simple: that the said *tortgaRor has fuU power and lawful right to convey the same in fee f ~v simple as sforesaid: that it 9ha(1 be lawful for said :4tortRaRee, his heirs, 1egn1 representativea, successors and assigns, at at1 times peacesbly an~ queetl~ to enier upon. hold. occupy and enjo}- said land and every part thereof; thet said land is free from all incumbrances; that said ~tortRagor, his heirs, legal representatives, successors and f assigns, will make such further assurances to perfect the fee simple title to said land in said Mrotgagee. ~ his heits, legal representatives, successors and assiRns, as rtea.v reasonably be required: and that said Mortgagor ~ dces hereby fully warrant the title to said land and even• part thereof and wil! defend the same against the lawrful cleims of all persc~ns whomsoever. . i ' It is understood that each ot the words. "note", "mortgaRor" and "mortRaRee" respectively and the pronouns ~ referring thereto, whether in the 'sinKular or plural an~~ahere in this mnrtRa~e, shall be singular if one only and i shall be plural jointly and se~~eralh•, if mo:e ~han one. and shaU be masculine, feminine and'or neuter. wherever the rnnte=L so implies or admits. i • ~ Aad ~aid titort~agor for himself and his heirs, legel representatives. successors and assigns, hereby covenants and aqrees to and with said ~to~tKaRc~, his teRal representatives, successors and assigns: 'i ~ 1. To pay all and sin~ular the principel and interest and the various and sundry sums of money payable by . j ' virtue of said pro' isson• note, and this mortRaRe, each and e~~en. promptly on the days respectively the same ~ severaUy become d . i ~ 2. To pey and singular the taxes, assessments, levies, tiabilities, obliQations and incumbrances of every nature and ki now on said de5cribed property, and•'or that hereatter may be imp~sed, suffered, placed. kvied or eax~aed thereupon, and or that hereafter may be levied or assessed upon this mortqage and/or the indebtedness ` ~.rured hereby, each and every, wlien due and payable according to law, before they become delinquent, and ~ before any interest attaches or any penalty is incurred: and in so far as any thereof is of record the aame shall be promptly satisfied and discharged of record and the original official document Isuch as, for inetance, the taz rsoeipt or the satistaction paper officially endorsed or certifiedl shall be pleced in the hands of said Mortgagee within ten deys nezt after payment; and in the event that any thereof is not so paid, satisfied and dixharged, said Mortgagee mey at eny time pay the same or sny part thereof without waiving or affecting any option. lien, equity or right under or by virtue of t3~i~ mortgage. and the full amount of each and every such payment shall be immediately due and payable and shall bear interest from the date thereof until paid at the rate of ten per centurn per annum and together with such interest shall be secund by the lien of thia mortgage. 3. To place and continuously ~eep on the buildings now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than the amount due hereon, in such rnmpeny or companies as may be approved by said Mortgagee: and all such insurance policie~ on any of seid buildinge, eny intere~t therein or part thereof, in the aggreqate sum atoreseid or in excess thereof, shell concain the ua~a1 standard mortgagee clause making the losa under seid policies, each and every, peyable to said Mortgagee as hia , interest may appear, and each and every such policy shall be promptly delivered to snd held by said Mortgage~ - and not lesa than ten dey~ in advance of che ezpiretion of each poticy, to deliver to said Mortgag~ee- • reoswal thereof, together ~vith a receipt for the premium of euch renewal: and there shall be no such insurance pLqd on any ot said buildinga, any inureat therein or pert thereof, unless w the form end with the lo~s psyable a~ ' ' aforeeaid: and in the event any sum of money becomes payabie under such policy or policies and said Mortgagee ~ i.A -P.ecard ~~~E, : -~x',i4-'"-~-' ~N PAYMENT OF TAXES 4UE ON Cl: S C' {MTAIt6;iLE PfJt50NAl PROPERTr, .p PUIIiUANT TO ~NAiTER 71•13~. ACTS Qf 1811. BG(1~(~ ~'k;~E ~t PotTw?s 0 R ~p ucRa ~r t~u~r~ sT• u~ct c~o.. w~ dC;K~ iQ PAGE~~ ~