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Home My WebLink About0111 , BUILDING "0" 3q 19 ~ 3 I~ THIS MOR7Y:AGE QEFD, made and e:ecuted the _~th day ot Januar~r , lg ~8 by Floyd H. Bruton and Ruth K. Bruton, his wife of 66 S. Solandra Dr., Orlando, FL. 32807 hereinait~r caUed ths Mortgagor, which t~rm shall include the Aein+. kgal rop~esenutives, succeswrs and assigeu ot the said Mortga~or wherever the conte:t so requires o~ ~dmita, to TUATLE REEF AS.SOCIAT~3. INC.. P.O. Bo: 818, Jensen Beach, FI. 3345T h~reinafter caUed' the Mortgagee. ~rhich term aMU inelude the auccassore snd ~seigna dt the aaid Mortgagee whereve~ the conte:t ~o requirea or admita. WITNESSETH: That tor dever~ good snd vslueble rnnaideration~, end al~o in conaidention ot the ag~e~te sum named in ihe promiasory note ot even date herewith hereinafter de~cribed, the ~sid Mortgagor does hrreby gnnt, bargain, aeU, alien, remi~e. releax, convey end confvm unto the said ~lortgagee, his heirs, auueaaora and aasigne, all the certain piece..., parcel.... or tract ot land, of wRich the aaid Mortgagor ia aow neized and posxsxd and in~ctusi po++es~ion. aituste in thP County ot St. Lucie and State ot Fbrid~, described as foUowa: q 0.0769 undivided interest in fee simple absolute as tenant in common in t e certain real property described in the Master Form Deed of Turtle Reef Condominiums 1, recorded in Official Record Book 2b3, Page 2002, subject to divestment as set forth in said Master Form Deed and upon such divestment an interval ownership consisting of Unit Weeks 35 and 36 in Condominium D-24 , , consisting of Apartment Number D-24 , and its undivided share of the 1 comnon elements of Turtle Reef Condominiums 1, as such is described in said ; o Master ~orm Deed. This is a purchase money mortgage. , - c - It is further sgreed betwreen the psrties to this mortRage that, in addition to the terme and oondition~ xt j ~ Q out lKrein, it e conveyance ahould be mede by the MoKgagor of the premi~es herein dexribed, or any part thereot, without first obtaining both the w~ritten coasent of the hoWer hereof, and an asaumption of this ob~tion, in writing. by the new propoxd Grantee, then, and in that event. ~t the optioa ot the holder hereot, S$ without notece. all ~uma of money secured hereby sha0. immediately end ooncurret+tly ~rith auch conveyance. become _ o~ due and payabk end said Note and Martgage ~hall be in dei~ult. ^N TO HAVE AND TO HOLD the +ame, together with all and singular the tlDE1f1l~t~, hereditamente and aR , partenaaces th~reunco bebnging or in envwi~e apperuining and the reven~on and reversions, remeindet and rt maindera, rents, isaues and profits thereof end alao aU the eatate. right. title, interest, property, poseeasion, claim and deaund what~oever •s weU in law+ as in equity of the said Mottgagor in and to the ume and every psrt and parcel thereof unto the said Mort~tegee. and hi~ heir~, sutcessors and esaiRn+. in fee simple. And said Mortgagor, for himself. and his heira, kgal repressnt~tives. succesaor~ and •ssigns, hereby oonvenants with said Mortqagee. Ais heir~, kgal repre~entativea, aucceesors and as~iRns, that said Mortgagor is indefesaibly xized of said land in tee simple: that the said Mortgagor has tuU power and lewfiil right to oonvey the s~me in fee aimpk ~foresaid: that it ~heU be lewfi~l (or eaid Mortgsgee. his beirs. legal repreeentative~. euccessors aod tssigna. ~ ~j at all times peaceably and quietly to enter upon, hold, occupy and enjoy said land and every p~rt tl~eof: I that said land ia free from aU iacumbrances: that ~sid Mortgagor. hie heirs. 1ega1 repreaentat~v~s, eucceaeo~s and k auigna, will make such fwther assurances to pertect the fee eimpk title to said l~nd in ssid Mrotgagee. r his l~eir~. leg~l reprexntatives. eucce~.+ors ~nd a~aigna. as may re~sonably be required: and that said MoKgagor E doe~ hereby fuUy warrant the title to said land and every part thereof and will defend the ~ame againat the ~ ~7 lawful dsim~ ot sll peraon~ ~vhomeoever. e •S ~ [t i~ understood that each of the words. "oote". "mortgagoY' end "mortga8ee" reepectively and the pronoune e ~'J referring thereto. whether in the sinRular or piural eny~vhere in thia mortgage. shall be singutar it ane anty snd ~ha11 be plural jointly and severally. if rtwre than one, and shall be m~sculine, feminine andlor neuter. ~?hereva the conte:t so implies or admic~. ~ ~ Aad said Mortgagor for himself and his heirs. leg~l repneentatives. euooessore and ~sailsn~. hereby rnvenante ~nd ~ ' agrees to and with said MortReRee, hi~ legai repreaentativee. aucceseor~ and aeaiqna: ~ J 1. To pay all end ainRular the principel end inter~st and the varioas and sundry sums of money peyable by . ~ virtue of uid promissory note. and this mortgegt. each and every, promptly on the day~ reepectively the same ~ xver~ily bccome due. ~ 2. To pay all and singular the tuee, asse~aments, levies. liabilitiee. ob6gations and incumbr~nce~ of evayr ~ nature and Icind now on asid dexribed property. and/or that hereafter raay be impoeed, suffered, plaoed. levied ~ ' or ~sseased thereupon, end!or thet hereatter msy be kvied or asseseed upon this mortgage andlor t6e indebtednesa secured hereby, each and every. ~vhen due and psyabk aceording to law, before they become delinquent. and before aay interest ettachea or anY penalty is incurred: and ia so tar any tl~ereof is ot reoord tbe same shall be ~ promptly ~atisfied and dixharged ot record and the original ofCcial docume~nt teuch as, for inatanoe, tbe tu rsceipt or the s~tistaction peper offici~lly endorsed or certifiedl sha11 be pl~ced in the haeds ot s~id Matgagee ~ ' within te~ days ne:t ~fte: payment: and in the event that any thereof is not so paid. satisfied u~d disch~r6ed. said Matgsgee may at any time pey tlfe same or any p~rt thereof writhout waiving or aitecting anY oQtion. tien, equity or right under or by virt~e of this mortgage. and the tull amonnt of e~ch and every such p~yment ahall be immediately due ~nd p~yable and ~hall bear int~ereat from the date thereof unt~ paid ~t the nte of ten per " cmturn.per annum and W~et6er with such intereat ahall be ~red by che lien of this mortgage- ~ 3. To pl~ce and continuouely ~eep on the buildinga now or l~ereafcer eituate on ~aid land fire and windstorm insuruke in the uaual standard polity form, in • sum aot kss tLan the aaw~nt due hereon, in such company or oompsnies sa may be approvcd by eaid Mortgagee: and all euch insune~e polieies on ~ny oi said b' ' anY s`=:; intereat tAerein or part thereot, in the aggregate sum atoresaid or in e:cess thereof, ~hsll contain Ehe usual z:' ~ standard mortgagee clause making the lo~ under said policies, e~ch and every. p~yabk to aaid Mortgegee u hi~ " ~'7 inte~t may appe~r. aad e~ch and every such policy shall be pro~ptly dslivsred to ~nd heid by said Mortp~ - . . and. eot kae than ten days in ~dvanoe of tbe e:p':ration ot e~c6 policy. to d~liv~r to iaid blactga~s~ • rw~w~l r' tbe~eoi. together wit~ a reoeipt tor t~s p~emiu~n of sueh renew~l: ~nd thees s6all be no weh inwru~ce pl~o~d ~ on any ot said building~. any interest therein or part t6enof. unls~s in ths form and with tAs loss payabls as - Joreraid: and in the event wy sum ~t mooey beoomss p~y~bk under snch policy or policiss and said MoctgagM ~ R.e.wsa a ~ Y b ~~~ne Of T~ b~ i~ti+~ A~ ~ Ow On C1au "C" MMMrbMllle~oirlh~Iw P w~.~,«+~ to a~.ve..7t,1s~. a tpt. - - 110oi1t /~plwlli Ct~f Clrerlt Owp ~I. ti+~lti 0~.~ _ ~ - - - -