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HomeMy WebLinkAbout0135 i.~ ' ~ 6UILDING "D" ~ - ~ I THIS MOR7'GAGE DFFD, nu~de snd e:eruced tAe 5th day or _~~~ber 19 by_James A. Crowhurst and Judi S.__Crowhurst, his wife of 445 Albatross St., Merritt Island, Fl. 32952 _ hereinatter called ths Mortg~~w, which term sMdl include ths heir~. lega! repressntatives, aucceswro and assigni ot the said Mortg~gor wAerever the conte:t so requues or admits. to 7'URTLB REER A$.SOCIATES. INC., P.O. Ro: 618, Jenaen Beach. FI. 3:145? heceinatter ealled the Moirtgagee. ~rhicR term ahaU include the aucceseora a~d asaigns ot the aaid Mort~gee ~rherever tAe co~te:t ~o require~ or admit~. W ITNESSETH: That tor devera Qood snd valuable considerationa, and also in rnnsidetation of the sggreRate ~m named in the promissory nnte of even date he~ew~ith hereinafter dexribed, the seid Mortgagor doea hereby grant, bargai~. aell, alien, remise, releaae. com•ey snd contvm unto the ~aid Mortgagee. his heir~, sueoeesors and ss~igns, all the certain piece.... parcel... or tract.... ot land, ot which the aaid Mortgaqor is aow seiud and posxssed end inaMual pi+s~ession, situate in the County of St. I.ucie and State ot Floride, dexribed ~a folbwa: A 0.0384 `K undivided interest in fee simple absolute as tenant in common. in t e certa~n real property described in the Master Forni Deed of Turtle 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 Week~/ 47 in Condominium D-4 , consisting of Apartment Number 0-4 , and its undivided share of the comrr~on elements of Turtle Reef Condominiums 1, as such is described in said Master Form Deed. This is a purchase money mortgage. ~ It is further agreed between the percies to this mortRage that. in addition to the terms and condition~ xt m~ out herein, it s conveyance ahould be made by the Mortgagor of the premixs herein described,~or any part ~ thereot. wricho~t first obtaininq both the written consent ot ttie hoWer hereof, and ~n assum an of thi~ ° oblig~tion, in writing, by the new propo.+ed Grantee. then, and in that event, at the option ot tAe 6oWer bereof, - withoat notice, aU sums of money eecured hereby ~hall, immediately snd concurrently with auch conveyanoe, become ~ ~ due and p~yable sad said Note and MortRage shall be in def~ult. ~ ~ o . - o . TO HAVE AND TO NOLD the same, together w~ith dl and ~ingulsr the [EDli[IC[f~l, hereditament~ and aR r` ' nces therrunW bebnging or in enywri~e- sppertaining and the revereion and rever~ione, remsinder and re . ~ P~ t•:.: mainders, rents, i~~es and profite thereo[ and also all the eatate. right. title, interest, property, poasesnion, cWm and - demand whataoever a~ well in lea ns in equity ot the aaid Mortgagor in and to the same and avery p~rt and percd thereot unto the uid MortRagee, and his heira. ~uccessora and e~igns. in fre simpk_ Aad eaid Mortgagor. for him~elf, end his hPirs. legal representative~. succe~~or~ end aaaigna, hereby convenante ~vith aaid Mortgagee. hie heirs, legal reprexntative~, ~ucce~.wre and assiRns, that said MoKgagor is iadefeaaibly seized of said land in fee simple: that tlie said Mortgagor has tull power and la~vfiil right to convey the aatne in tee aimpk a~ sfo~esaid: thst it shall be la~rful for aaid Mortgagee, hia heira, kgsl repreeentatives, successon and aseigns, at dl time~ peaceably and quietly to enter upon. Aold, occupy and enjoy seid land and every pert tt~ereof: that ~id land i~ tree from aU incumbrances: that said Mortqegor. his heire. kgal representatives. eucceeeors ~nd ' se~i~?~, will mske euch further aa~urances W perfect the fee aimpk titie W said land in eaid Mmtqagee. ~ Aie heiro, legal repre~entatives. ~ucce~aora erts! esaigns, e~ may reasonably be required: and that said Mortgagor ; does hereby fuUy warrant the titk w said Isnd snd every part thereof and w+ill defend the ume again~t the k lawful claima of aU peraon~ whomsoever. ~ ~ ~ r".? It is underetood that each of the .vords, "note". "mortga~or" and "mortgagee" reapectively and the pronoune ~ referring thereto. ~rhether in the singuler or plural anywhere in thi~ mortgage. ~haU be ~ingular it oae only ~nd ~ ~~hall be plural jointly snd ~everaUy, it more than one, and shaU be msxuline, feminine andlor eeuta, wherever the rnnte:t eo imp6es or admit~. ~ !tt ` And eaid Mortgagor for himaeli and hia heiro, legal repreeentatives, suoeesaors end essigna, hereby covenante and ~ ~.•',f ~grees to and with said MortRaRee. hi~ legal representatives, succe~~ors and asaiqns: ~ `'r . , . ~ 1. To psy aU and ~inRular the principel snd interest and the various and aundry sum~ of money peyable by . virtue of said promiesory note, and this mortgage, each and every, promptly on the dey~ reepectively the ~ame ~ ~ , xverally become due. ~ ~ 2. To pay all and ~inqular the tuea. asaessmente, leviee. liabilities. obligationa and incumbr~nce+ of every ~ ~ mture and Icind now on ~sid dexribed property. and/or that hereafter may be imposed. euffered. placed. levied y or asxased thereupon, and~or that hereafter mey be kvied or aaseesed upon this mortgage andtor t6e indebtednese ~ ' secured hereby, each and every, when due and p~yabk according to law, before they beoome delinquent. ~nd before any intere~t ettaches or any penalty ia iecurred: and in eo hr as any thereof is of rccord the same ehall be ~ prompdy aatis6ed and dixharged of record and the originel officid document leuch as, for inat~noe. the tu ~ r+ecsipi or the satistaction paper officially endor~ed or certifiedl shall be pleeed in the haads ot sald Mortgagee ~ wit6in ten daye ne:t after psyment: and in the event t6at any thereof is not eo paid, satisfied and discl~arged. said Mortg~gee may et any time pey the eame or any part thereof without waiving or effecting any oQtion. ' lien, equity or right under or by virtue of this mortgsge. and the tull smount ot e~ch and every such p~yment shall be immediately due end payabk and sha{I bear intereat from the date thereof uatil paid ~t the rate ot t~en per centurn pa annum snd toget6er with wch iatueat shell be secured by the lien ot thi~ mortgage. , 3. To pl~ce end continuouely keep on the buildings now~ or hereaher sitwte on eaid land fire snd windstorm ~ insuranee in thx usu~l standud poticy torm, in a eum aM kss than the amount due hereon, in such oompany or com nies •e me be e ved b said Mo and all such inaurance oa an of said bu' an Pe Y PPro Y ~1~~ P~ Y ~8~• Y interat therein or part thereot, in the aggregate ~m etoresaid or in ezcess thereof, shall oontain the aiwl - standard mortg~gee clause m~kiag the b~ undet said policies. esch and every. p~y~bk to aaid Mortg~gee as 6is ~ intere~t may ~ppe~r. and e~ch aad every such policy shall be pomptly deliverod to and 6eld by said Moetpg~ - and, not kas tlun ten daye in adv~nce ot the e:piration ot e~eh policy. W de8v~ to said Mortg~8e~ a t~wd ~ thereot. together with a receipt for the premium of sueh reoewal: uid thee's sh~11 bs ea e~eA i~wranoe Pl~od . ~ on anr of aaid bui{dings. ~ny interest therdn or p~rt tl~ereof. uale~s m t6s torm and witb the {oss p~yable as F'k ~ dorewid: and in the eveat any sum ot maory becomes payabM under such policy or poticiss ~n wid Martgass~ ~ U ticr,elwH1 9 M~~K a T~~ ; C R Oup `.~n CIaSS ••C•• ~~tU11~1b~Prf~OflN~h. 80oK2~~ PAGE °ursuant To Chpptw 71. ~r a~m. - Roc~ Pan~?s ~P ~T ~ c~ c~,n ca,n, st u,c~, c,~.. f:. v~< _ _ _ . . . .