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Home My WebLink About0119 4 5 ,5'R ~ y BUILDING ~~o~~ 3~~?~?8 ~ 3~ THIS MORTGAGE DEF.D, made ud e:~cuted the _~T.~ld~y ot December , 19 ey ~acc;uplyn...~~ Brewer of 2175 Gl encoe Hi 11 s ~r; Ann Ar~r, (li~ 48104 I~ninatt~ e~llsd tM Mo~or, whicb term shaU include ths heirs, iegat eeprssenqtive~. suens~ws ~nd wign~ o! tbe »id Mort~or whersver the coate:t so requires or ~danits, W TURTI.B REEF ASSOCIATES, lNC.. P.O. Eb: 618, d~nxn Be~c~. RL 33459 hereinafter callsd the Mort~gee, ~hich t~m shaU include the ~uccessors aad assigne ot the aaid Mortgasee wAerever the contezt so e~equires or admita. WITNESSETH: 7~at tor devera good and valuabk considentioaa, end al~o in eonaideratan of the ag,greq~te sum named in the promissoty note of evea dete herewitA A~einatte~ described, the s~id Mortgagot does hereby gnt+t, b~rgaia, xU. aliea. ~f:--.~x, release. convey snd confirm unto the ~aid Moetgages. his heirs. euecas~ors and aasians, all the ce~tain piece.... parcel.... or tract.... ot land, ot which the e~id Mortgagor is now seised ~nd po~seseed and inactual pos~esaion. sitwte in the County ef St. Lucie and Sute of Fbrid~, described ~a tolbws: A ~ undivided interest in fee simple absolute as tenant in cormwn in t e certain real aroperty described in the Master Form Deed of Turt]e Reef Condominiums 1, recorded in Official Record Book 263, Page 2002, subject to divestment as set forth in said Master Form Deed and upon such divestment an interval ownership consisting of Unit Weeks 5 and 6 in Condominium D-11 , consisting of Apartment Number p_~~ , and its undivided share of the ~ comnon elements of Turtle Reef Condominiums 1, as such is described in said m Master Form Deed. This is a purchase money mortgage. - ~ 3~ ~ ~ ~~j It is further ~greed between the psrtie~ to thi~ mortRege that, in addition to the terms and conditions aet out berein. it a conveyance abould be msde by the Mortgagor of tl~e premi~ea herein deecribed, or any part ? ~ tl~eteof, without fir~t obtaining both the written consent ot the holder hereof, and an aasumptioa of thie 0 obligation. in writing, by tbe new proposed Grantee, t6en, and in that event, at the option of the lwider her~eof. y LL without aotiee. all sum~ of aaney eecared hereby ~l~aLL immediately and coneurrenNy .rith auch conveyana. beoome r due snd pryabk and said Note and Matg~ge shall be in defauic. ~ TO HAVE AND TO HOLD the san,e, together with all and ~inguler the tcnements, hereditaments and a~ F ~ N tber'eunto beb - porteeunces nging or in aaywix appertaining and the rever,~on and reversions. remainder and rs mainders. rents. is~es ~nd profiW thereot and dso all t6e eatate. right. titk, interest. Prop~rtY. poeeeaaio0. cl~im ~nd dea~nd w6atsoever ae weU in Iaw a~ in equity ot the ~id Mottgagor in and to the aame ~nd evety part and p~rcel t6ereot uato t6e said Mortgs~ee, and Ais heirs, succeasors and assign+. in fee simpk. Md said Mortg~gor. for himsdi. ~nd hi~ Aeira. kgal rep~essntatives. ~uccea~ors end assiges, hereby oonvenants . with s~id Mortgagee. his 6eirs. iegal r+epre~entatives, suceeasors aad asaigaa, tlut said Matgag~or ie indefa~sibly seited of aaid I~od in fee simpk: tbat the aaid MoKgagor haa tull power end lawful right to rnnvey the aame in fee simple as aloreatid: ihat it ~lull be Iewiul for said Mort~gee, his heira, kgal represenutives, successore and aseigns, at ~ll times pe~ce~bly ~nd quietly to euter upon. hold. oceupy and enjoy eaid 4nd and every p~rt tl~aeof: that s~id land is free from ~U incumbrancex ttut said Mortgagor. hia heirs. kgal represeetatives. sucoessors and .ssigns, will make svch furtt~e~ a~ranoea to perfect the fee simpk titk to said l~nd in said Mrotg~gee. hie heira, kgal repreatntativee, successors and as~igna. aa may reasonably 6e required: and that said Mortgagor doee hereby tully wamnt tAe title to aaid land and every pert thereof and will defend the same sgainst the lawful claims of dl persone whom~vet. lt is uaderstood that each ot the words. ..note.. ..mortgagor.. and "mortgagee" reepectively and the praauns referring thereW, whether in the singular or pluni anywhere' in thia morEgegr, shall be aingular if one only and ~c'~ ~luB be plunt jaintty and xveraUy, if more than oae. snd shall be m~sculine, feminine andlor ne~ter. wherever v tbe oonte:t so impliea or edmita. c~t Aad s~id Mortgagor for himxlf and his heirs. leaal npresentatives. su~sors end ~ssigns. her~by eovenants and ~gree~ w and with ~aid Mort~gee. lu+ kgal repreaentativ~. succassore and assigns: . ? 1. To psy all and ~inRular the princip~i and interest ~nd the variou~ and sundry sum~ of money pey~bk by . ~ virtue of aaid pro~~ory note, aud thi~ mortgage, each end every, promptly on the day~ reepectivdy the same . xveraUy become due. . 2_ To p~y a0 and aingalu the tues, asxssmeoW, kvies, liabilities. obligatione and incumbnnces of every , nature and kind now on said dexribed property. aad/or that hereafter may be imposed. suffered. plaoed. kvied or aa~essed ther~pon. andtor thst hereafter may be kvied or sesessed upon thie mortgage and/or the indebtedness , seeured hveby. e~ch and every. w6et? due and p~yebk aecording w law, before tl~ey became delinquent, and - i'; before any interest •ttaches or ~ny penalt~ is incurred: a~ in eo far ae aay thereof is of record tbe sams shtU be m' promptly satisfied and discharged of r~cord ~nd t6e original official don~ment Isuch as. tor instanca, the t~ " roaipt or the eatisfaaioa p~per offidally endorsed or eertit~dl shaU be plaoed in the 6ands of ~aid Mortgages wit6in tee days as:t ~her paymeot: und in the event that ~ny thereot ia not so paid. satisfied and discb~rged. , . nid Mortgsaee may at any time gay tbe same or any psrt thereof withont waiving or ~Hecting any option, ~ tieen, equicy or righc under or by virtue of ch;~ moregage, and the tull amount of uch snd evexy auch payment e6a11 bs immed'utely due and payabk aad ~haU be~r inte:est from the date thereof uintil p~id ~t the nte of ten per oeaturo per annum and together wit6 ~uch interest slull be secured by the lien of this mortgage. 3_ To pLce ~nd oontinnoueiy keep on the buildings oow or Mre~fter aicuata on said land fve and windstorm insunaoe in tbe uaual standard poiicy torm, in a eum not kss than the tmount due hereon, in 9uch oomp~ny or oa~up~nies ~s may be approved by said Mortgagee: a~ all eueh ineiuance policaes on any of aaid buiMings, any interest tberein or part tbereof, in t6e ~te snm aforesaid or in escese thereot, s6aU oontain tha uaW . standard morta~ee c4use malring the losr uader said policies. e~cb and every. p~Yabk to said Mortgageie u hL incere~c m.y appe.r. and e.ch .nd ervaq? such pdity .6aII bs prompciy ddiveced co aad Aetd by aeld Mortp~.~ • ~nd. not iess t6an teu di~r in ~dvaaoe of cbe e~irstiou of e~eh pulky. to d~liv~r to said Matp~ ~ nerwd th~not. toe'rther with ~ raoeipt for the peaminm ot tneh eenswd: and tliaee s~ll bs rw we6 iniuranee pl~ad oa ~ny of said buildinp. ~ny intKe~t tberein or part tl~ereot. udss~ ia tb~ torm and with t!~ loa p~y~bls . . ~ Jore..d: and ia t6e rveaot ~a~ sum of mooey beooa~.. p.y.bM ander w~cb polic~ or policie. .nd nid Mars;ap. t `1 . aPCR~wxt 4_~;..iyZ_tn Payn~a OI TaM j~. 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