HomeMy WebLinkAbout0143 BUILOIMG "D" ,
39i893
TN1S MORTGAGE DEt:D, m~de e~d e:ecuted the 3~th dey ot Movemb~r ~g 7~
by William T. Wagnon, Jr._and Kathleen B. Wagnon, his wife of i210 Daniei Court
Merritt Island, FL. 32952
hereinahet caUed the Mortgagor, wrAicA term ahall include ths heir~+. kgal rspreeenqtivc~, auccessore and auigns
of the said Mort~gor ~rAetevM the conte:t sa requires or sdmit~,
• to TURTLE RE~F AS.S(~IATES, 1NC., Pn. Hoz 61R, Jensen Beach. Fl. 33457 .
heroinalter called' the Mortgegee. ~rhicA term ahaU include the succeaeoro and ~saigns ot the
eaid Mortg~gee whe~ever the conte:t ao requirea or sdmit~.
WITNESS~TH: That tor de~•ers Rood and valuable con~iderationa, and sl~o in con~ideratan ot tl+e egAre~te awn
named in the promissory note of even dete herewrith Aereinatter deacribed, the aaid Mortgsgor does hereby
grant, bargain, xU. aGen, remix, rnleax, convey and contum unto the ,eid !1lortgap~ee, hia Aeir~, ~uccessors and
sasigns. ~ll the certaun piece..., parcei.... or tract.... of land, of wAich the uid Mortgagor is now eeized snd
pw~es~ed art~ iaactual pos.4e~eion, situnte in th~ County of St. I.ucie and State ot Fbrids, deacribed as tolb~rs:
q 0.0769 p 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 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 18 and 37 in Condominium D-18
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' consisting of Apartment Number ~-1$ , and its undivided share of the
m d comnon elements of Turtle Reef Condominiums 1, as such is described in said
- c~' Master Form Deed. This is a purchase mon~y mortgage.
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a ~ It is further agrced between the perties to this mortRage that, in addition to the terms and conditions set
A; out herein, if s conveyance should be made by the Mortgagor o[ the premiaea herei~ de~cribed, or any p~rt
a:_ thereot. ~vithout first obtaining both the ~Mrritten consent ot the holder hereof. ~nd ~o sssumption ot this
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obiigation, in writing, by the aew propoxd Crantee, tAen. 6nd •in that event, at the optiod oi the Aolder l~ereof.
? writhout notice, all surtu of awney xcured hereby aha4 immediately end concurrentty with ~uch conveyanoe, bacome
due and p~yabk and said Note and MortRege ~hell be in default.
TO HAVE AND TO HOLD the +ame, together with ell and singular the tenetnent~, hereditamente ud a~
purtenaneea thereunto bebnging or in anywri~e eppertaining and the revers~on and rever~ione, remsinder and r~
maindazs. renta. ustte~ ared profita ther~r?f und slao ~U the e~tate. riRht. title. interest. property. poseession, cl~im and
demand whatsoever as weU in law as in equity oi the said MottgeRor in and to the same and every part and
parcel thereof unto the aaid ~lortgagee, and his heira. auccessor~ and sasi~s, in fee simpk.
Md said Mortga~, for himseif, and his heire, kgsl representative~. ~urcessor~ and ea~igns, benby oonvenarts
with said Mortgagee, hie heus. legal teprexntativq, succeaaors snd sari~s, that said Mortgagor is indefeaeibly
~eized of said land in tee simple: thet the aaid Mo~tgegor ha~ tull power and Iawfu! right to convey tl~e ~sme in fee
~impk es doresaid: thst it ~hall be Iawiul tor aaid MortReRee. hia heirs, legal repreeenqtivts, succeseora and aseigne,
~t ~11 time~ peaceably and quietly w eater upon, hold. occupy and ~joy said land and every psrt thereof:
that aaid l~nd i~ free trom all incumbrences: tRat ssid Mort~egcx, hi~ lieira, ie~tal representatives, aucoeseore and
s~igns, will meke such further assuranoes to perfect the fee simpk titk to said land in said 1V(rotgagee,
hi~ heirs, legat repeesentatives, aucce++ors and a~signs. a~ may re~eonsbly be required: and that eaid Mortgagor
does hernby fuUy warrant the titk to ~aid land and every part thereof a~ wrill detend the sern~ against the
lewful claim~ of aU per~on~ whomsoever.
It is underatood that each ot the word~. "note". "mortga~or" snd "martga~ee" respectively end the pr~wuaa
referring thereto, whether in the sinRular or plurel anywhere in tAis mortgege, ~hall be aingular if one only and
~~hall be plural jointly and severally, if more than one, and shaU be maxvline, feminine and/or neuter, wherever
~ tf~e coete:t eo implies or admits.
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: And said Mortgagor for himxlf and his heirs, kgal repreeentativea, auoceesors and aseigns, hereby covenanie and
_ aqrees to end witA aaid MortRaRee, his IeRal repreaentatives. ~ucce~ora ~ad asaq~na:
~'r l. To pay sll end ~inRular the principal and intereat and the verious snd sundry sums ot money peyable by ,
~ virtue oi said ptomis~ory note. and this mort~ge, each and every, promptly on the days reepectively the same
•~•i~' xverally become due. -
K` ' •
~ 2. To pay a0 and aingular the tuea, sssea~menta, levies, liabilitiee, oblig~tiona end incumbnnce~ of every
nature and kind now on said dexribed property, snd/or that here~ftet mey be imposed, eutiered, plscbd, levied
or ~saeased thereupon, and~or that hereefter may be levied or aasea~ed apon tl~is mortgage andl~ the indebtednees
secnred hereby. e~ch end every, when dne end p~yabk according w law, betore they become delinques~t, aad
~ before aay inteTest attachee or any penalty is incurred: and in so f~r ae any thereof ie of reoord the same ehall be
;i+ promptly satisfied and dixA~rged of reanrd end the origiml officiat document fsuch aa. for instanoe, tbe taz
~ rsceipt or the aatisfection paper oftici~lly ersdorxd or certified! shall be pboed in the hsdds of said Matgagee
wit6in ten days ne:t after payment: and in the event thsc any thereof ia not so p~id, aati~fied u~d discharged,
s~id Mortgagee msy at sny time pay the aame or ~ny pert tl~ereof writl~ont waiving or affecting any option,
lien, equity or right under or by virtue of this mortgage, and the full ~mount of e~cA ~nd every such peyment ahall .
' be immedeately due and payabk and ahsll besr interest from the date ther~eof until paid at t~e nte ot ten per
, arnturn per annum and together with euch int.erest ahall be ~ecured by the lieu ot this mortgage.
3. To place snd continuouely keep on the buildings now or here~fter eituate on aaid land fin and windstorm
insorance in the u~ual standard policy torm, in a sum not kas than the amouat due hereon, in such comp~ny
or companies es may be epproved by said Mortgagee: and dl sacb insurance policiee on any of said bn~dings, any
inter~et therein or part thereof,- in the aggregate wm etoresaid or in e:ceas thereot, shatl contain the unut
st~ndard mortgageie clause makinq the los.• uader s~ed policies, e~ch ud every, p~yabk w asid Mortgagee as 6b
intefe~t may ~ppe~r. ~nd e~ch and evety euch policy ah~ll be ptomptty delivered co ~nd held by wid Mortgag~ •
and, not kss than ten days in advance of the ~p'v~tion of e~ch policy, to deliwr to said M
e c ortgaae~ a ~rwd
~ tbereoi. togethet with a receipt to~ the premium of eucl? reoewal; ud thecs shail be no such inwnt~os pl~ad
on'any ot ~aid buildings, any iwterest therein or part thareof, unles~ m tbs form and with t6e bss payable as '
Jores~id: ~nd in the event any sum of ma~ey beoomes p~yabis under ~uc6 povcy .or policies and aid Matp~
~
~~oMNO • M ?rNn~nt Ot Taxw
Ow On Clw "C' Ina~q~ls tirsa~lpr~h.
~~o~ 281 Fn~~ ~.42 To
- ROGER POITRAS
cie?t~ C~rcuit Coun. St t.e,cis. c~._ F~.~