The URL can be used to link to this page

Home My WebLink About0151 EiUILDIN6 "D" ~wi.a~ / TH13 MOR7'CAGB OBFD, made ~nd e:ecuted the 3O d~y a~ December ,~g b,, L1ovd L. Sherrard and Irene B. Sherrard, his wife of 285 Sunrise Dr., Key Bisca~yne, F1. 33I49 Aereinah~ e~lkd the Mortgagor, which term shaU iaclude the heir~, kgai ~esxesenutives, succeasors aad assign~ ot ths said Mortg~qor wherever the conte:t eo requirae or admits, . to TURTLE REEF AS.SOCIATES. TNC.. P.O. B~ 618, Jenxn Beach, Fl. 33lS7 Aereieutter called' the Mortitegee, .vhich cerm ~hal1 inetude the auccessors ared assigns of the aaid Mortgagee wherever the rnnte:t ao requires or admita. WITNESSETH: That tor devers Rood and vsluabk coneideratane, and elao in considerstion ot the ~ggrephte auta named in the promiaeory note ot even dete herew~ith hereinatter dexribed, the eaid Mortgagor does hereby grant, bargain. sell, alien. remix, releax, com~ev end conf'vm unto the uid Wlortqagee, his heirs, aucoesaors and ~s~igne, ~11 the certain piece..., parcel.... or trsct.... ot Iand, ot w~hich lhe said Mortgagor is now s~ixed and . pos+e~xd and in~ctual poa.e~~ion, +ituate in the County ot St. T.ucie and Stat~ ot Floride, dexribed ~s fdb~re: a 0.1538 % undiviaed interest in fee simple absolute as tenant in common in t e certa~n 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 51 and 52 in Condominium ~ D-12 , and Unit Weeks 30 and 31 in Condominium D-1 consistiny of Apartment NumberD-12 and D-18/,~~~s~PL~rYdivided share of the comnon eiements of Turtle Reef Condom~??~ums 1, as such is described in said • m~ Master Form Deed. Th~s is a purchase rr~r.ey mortgage. ~ ~ ' it is further agreed between the parties to this mortRage thst, inladdition to the terms and conditions set out herein, it a conveysnce shoutd be msde by the Mortgagor ot the premixs herein dexribed, or ~ny part thereot, without firot obtaining both the wrritten rnnsent of tl~e hoider hereof, and sn aasumption o/ ttti~ obligatan, in writing, by the new proposed Grantee, then, and in thst event. at the optan of the hoWer Aet~eot, witho~t notice, all aums of money aecured hereby ahall, immediately and concurrently ~vith such conveyance, become due and payable and said Note and MortRa~e ~hall be in defenlt. TO HAYE AND TO HOLD the same, together writh all snd singular the tenements, hereditamente and ap~ purtenances thereunto bebnging or in anyaix ~ppert~ining and the. rever.ron and rever~ione. remainder and r~ maindet~, reat.~+, issues and profita thereof and el~o aU the estate, right. titk, interest, propercy, poaaeeaion, claim and demand whatsoever ~a well in la~v as in equity o[ the eaid Mortgegor in and to the same a~nd every part ~nd parcel thereof unto the said Mortqaqee, nnd hi+ heir~. ~ucceasor~ and assign+, in tee ~imple. And seid Mortgagor, tor himaeli. and hi~ heir~, legal repressntatives, succe~ora snd aesigna, htreby convaunts rrith said Mortqagee, hie heir~, leg~l reprexntative~, auccessora end assiRna, that aaid Mortgagor is indefe~sibly seised ot said land in fee aimpM: that the asid Mortgagor h~a full power and lawrful right to coavey the same in fee aimpk as aforeaaid: that it shall be lawful tor ~aid MortRaqee, his heira. IeRal reQreeentatives, succeasora and aseigns, ~t all times peaceably snd quietly to enter upon. hold. occupy aad enjoy aaid tand aad every part thereof: that eaid land is free from elt incumbrances: thet ~aid Mortgagor, his t~eira, legsl representatives, euccessors ~nd •s+igns, will m~e such further aa~urance~ to pertect the fee aimpk titk w said land in eaid Mmtgagee. ~ hia heirs, Iega1 repreaentative~, suece~~. ~nd a~sip~ns. a~ may reasotuWy be required: and that s~id Moctgagor does hercby tulty w~rrant the title w aaid 4nd and every p~rt thereof ~nd w~t defend the seme against the Iawful claims ot at1 per~ons whomsoever. ~ It is nnderstood that each of the worde. "nole". "mortgagor" and "mortgagee" reepectively snd the praauas f~ referring thereto, whether in the sinRular ar plurel any~vhere in thi~ mortgage, shall be ~ingu4r if one only and ehall be plural jointly snd 'everally, if more than one, and ~6aU be mascnline, teminine and/or neuter, whereve~ the oonte:t so implies or admit~. _ Aad eaid Mortgagor for himxlf end his heira, legRl reprosenqtives. succeaeors end assigns, hereby~ covenanta and r ~grees W and with ~aid Mortgaqee. his legal representstive~. succes~ore and a~eignr. l. To pay a11 ~nd ~inRular the principal and intere~t and the variou~ and sundry ~um~ of money psyable by _ . . vu?,ar ot ~aid proaeissory note, and this mortgaqe, each and every, promptly on the day~ respectively the ume xvereUy become due. ; 2. To p~y sU end singular the tases, aaseaamenta, kvies, liabilitiee, obligationa ~nd incumbrancee of every nature and Icind no.v on said dexribed property, and/or that hereafter may be unpoeed, snftered, placed, levied or aaxssed thereupon, and/or thst hereafter may be kvied or aaseased upon thie mortgage and/or the indebtednese secured hereby, each end everq, when due and payabk aceording to law, before they beoome delinquent, and before any iate~t attaches or any penalty is incurred: end in so far as any thereot is of reoord the aame stull be promptly satiafied and dixh~rqed ot record and the original offiwl doeument (sach as, for inatanae, tbe tu reoe~pt or t6e sati~tsct'an p~per officially endorsed or certifiedl. shail be pteced in the hande of eaid Mortgrgee ; within ten d~ys ne:t atter payment: and" in the event that any thereo! is not so p~id, eatisfied and discl~rged, said Mortgagee mey at any time pay the eame or any part thereot without waiving or affecting any aption, lien, equity o~ right under or by virtue ot this mortgage, end ihe tull ~mount of eacA and every each paymeet shall be iinmediauty due ~nd payabk and shall bear interest from ttie date thereof uat7 paid at the rate ot ten per canturn per •nnum ~nd to~et6er w~itd auch interesi ahall be secured by tbe lien ot this mortgage. 3. To p4ce and rnntinuoualy keep on the buildings now or hereafter sitwte on said land Cve and ~rindstorm ineurance in the usual stand~rd polic~ form, in • sum not kss than the amount due hereon, in such company or companies es may be •pproved by said Morcgegee: and all soch insuranoe policie~ on any ot uid bu~7dings, any int~rest therein or part thereof. in the aggregete sum aforesaid or in e:cess thereof. ~haU oontain the uw~l standird mortg~gee c4ux making the losr undcr said policies. each and every. PeYebk to aaid Mortgagee ~s L(~ inter~e~t may appe~r. and e~ch and every suc6 policy slutl be promptly deiivee+ed w~nd hdd by uid Mort~ - and, aot ksa tl~n ten days in advancr of ths s~cpintion of e~ch policy, to deliwr to ~tid Mottg~~ ~ trorwd thereof. togethar with a receipt for the premium o[ aueh raoewd: and tLere ~lWI bs no snch insuranos plaod . on ~nq ot said building~, any intcrest therein or put thereot, un{ns in ths farm u~d with ths bss p~rabie as Jo~said: and in the event any sum of money betoraes p~yabM under sttch policy or potkLs and ~aid Martga~ ~ v • . RecNvsd • 2~.In p~y~r~nt q Trow f~ Oue On Cliss "C' Int~Ipbl~hr~a~N~roprtr~ 800K ~V~ CACF p,~~auam 1o Chap~ 71• 1l4, Aols ~Tt. RO~iE11?OI'f'ltAS l'~e•t? Ci.cuit Court, SL Lt~aL. Cn.. F~