HomeMy WebLinkAbout0166 BUILDING "D" ~9iir~Q~ ~ /
TN[3 MOR7'GAGB DEEO. m.a..na e:.~,c.a cee 1~hi. or November 77 `
Y 19 _
by Clavton E. Grillgy and Edith W. Grillev, his wife of 912 Maxwell S.E..
Grand Rapids, MI. 49408
h~e+~aatter talkd tM Martp~. wAieb ttm duU includs tM Aeirs. {egal crpe~eatatiw~. sy~~ and uai~u
ot tl?e nid Morta~ wMeewr the ea~te:t w rsquires or ~dmita.
to TURTLB REER ASSOCIATE3, tNC.. PO. Bo: 618, Jea~en Betch. FL 334b7
l~ereinaiter caUed the Mort~aee. wrAich term iAaO inch~de the successo~s and assigns of the
aaid Mortg~ee wherever the coace:t ao requires or ~dnuts.
WITNESSETH: 'I1s~t tor deve~ Rood and vdw~k coneider~tioas, and dso in eonside~ation ot the ~ggregate sum
named in the promissory note ot e~~ date here~rith hereinafter desc~bed. the said Moctg~gor ¢oes hereby
grant, bargain, xU. alien, remise, rekaae, convey and confirm unto the aaid Mortgagee, l~is hsirs, aucoe~ and
ass~ns, aU tl~e certain piece._.. paml.... or tr~ct.... ot land, ot which the said Matgagor is now ~eized'• u?d .
pwseesed and inactud poa.+e~sao, ~itwte in _the County ot St. Lucie snd State ot Florid~, deecribed ~s toUows:
A 0.0769 ~ undivided interest in fee simple absolute as tenant in common
in t e certain reai property described in the Master Form Deed of 'Turtle Reef
Condominiums 1, recorded in Officia~ Record 8ook 263, Page 2Q02, subject to
, divestmer~t as set forth in said Master Form Deed and upon such divestment an
interval ownership consisting of Unit Weeks 13 and 14 in Condominium D-19 ,
~
consisting of Apartment Number D-19 , and its undivided share of the
~";comnon elements of Turtle Reef Condominiums 1, as such is described in said
Mas~er Form Oeed. This is a purchase money mortgage.
f' "
It i~ further agreed bet.see~ che ptrtie~ to this mortgsge tAat. in addition to the terma and conditions aet
_ out herein. it • conveyenee ~Aould be a~de by the Mortgagor oi the premises herein described. or ~ny part
" tbereot, without tuat obtaining both cl,e written eoasent oi the holder hereof. ~nd an aseumption of this
obliaatioa, in writing, bv tbe nrw proposed Gnntee, tAen, and in that event, at the option ot the hoider her+eof,
without notice, d! sums o! mone~ secured herrby atu11, immediately and rnncurrently with euch conveyanoe, become
due aad p~yabie and ~aid Nots ~ad Mortgage shell be in detault.
TO HAVE AND TO HOLD t6e ~ame, toset6er with aq and singular the tenemeats, ~ereditaments and a~
purtenances tLeteuoto bdonging or in anvwrix appa~taining ~nd tl~e reversan ~nd revcrsions. remainder and ro
mainders. reats. isr~es and profic+ cherrof and dso a11 e6e estate. right. citle. int.ere~t. P~KY. P~~a cl~im ~nd
deen~nd wlutsoever ~s wdl in law a~ in equity ot the said Mortgagor in snd to the ~ame and every part and
p~rod thereot unto t6e said Mortgage+e, and his heira, successors and aasign~, in fee sunpk.
And s~id lblartgago~r. for himsdf. ~nd bi~ heira. legd reprewatativee. ~uccessors and assigns. herebq oonvenanta
. witl~ s~id Mortgage~, his heir~. kaal repnexnutives, suee~wrs and ~asigns, that said Mortg~gor is indefe~sibly
srir,ed ot aaid land in fee simple: that the said Nort~g~or has fnlt pow~a and iawful rigAt to ooavey the seme in fee ~
simpk as ~fotesaid: t6at it ~6t11 be law~fie! tor said Mortqagse, hi~ heira. kgal ropresentatives. snc~osnors u~d usigns,
~t dl times pe~ce~bly and quieUy to eoter upon. 6old. oceupy aad eejoy said land and avery part thereof:
that said land is tree frotn aU iucumbranoex that said Matgagor, hie t~eirs. {egal rspresenqtives. sncaeawrs and
a~aipa, wiU make aaeh iwther assuranae~ w perfect the fee sieaple titb to said land in eaid Mrotgagr,e.
!us heirs, lega) reprdenqtivrs, ~ocoe~sors ~nd ~ssisns. ae may re~rsooably bs required: ~nd that said Mortgagor
does 6ereby tnDy warrant tbe titie w aaid W~d and every put theceot and w~71 datend the same ~gainst the
_ lawfiil claim+ of dl per~on~ wrhom~oever_
It i~ understood tlut each oi the wrord~. ..note.. ..mortgagor" and "mortgagee" respectively and the pmtwnns
ref t6ereto, whether in the s" r or lural an wbere in this m~ort ~
~8 ~8~+ P Y 8~ge, ehaU be singular if one onty and
CV shall be plural jointly aad ~ev~ralty. it more than ooe. aad s6~l1 be rnasculine. feminine and/ar ne~ter. wl~erever
the oontezt so implies or admits.
! Md pid bt far himseif and hi~ 6eirt, is~l c+epre~eatative~. nioee~son ~nd
nd aasigns, he:eby eovenaata ~nd
;,..-~8*'ses to and with s~id Mortgaasr- Fiis l~g~l s~resenutives. succesaors ~rsd a~signs:
y~. • . .
1. To pay all and singu4r t6e princi~l and inte~eat and the vuious and sundry sums of money pey~ble by .
virtue of ~aid peomisaory note_ acd thi+ eoortg~ge. each ~nd ~every, ~omptly on the days reapectively the sams
_ xverally bea„~ :-.:s.
Z 2. To pay all ~nd singulu tbe tues. assesemeets. teviae. tiabiiities. obligatioaa and incumbrsnces of rvery
, nature and kind eow on s~id de~cn'bed property. and/or that here~tur mey be impwed. suffersd. placed. ievied
or aa~essed tAa~eupoa. ~nd'or thu l~ereaft~ may be kvied or assaesed upon this nwrtg~ge andlor tl~e izdebtede~ess
w- secured bereby. e~c6 and every. wbee due and pay~bk atcording to law, bstore they bscome delinqueat, and
~ before anq interest att~chs ar aar pen~tty is incurred: and in so far u any tbereof iu of reeard tLs ums shdl be
pramptir ~tisfied and discLarasd of r+scerd and the ori~inal official doeumeat lauc6 u. for instanoe, tLe tu
. esaipt or t6e s~tisfactioo p~per officially endo~sed or certifiedl shaU be pl~ced in the hands of raid Martgages
within taf? day~ nett ~itet pya~eat: and in the event that u?y t6ereof is not ao paid. satisfied and disch~rged,
: taid Martgagee m~~ ~t aa~ time p~y tl~e s~me or aaq p~rt thsreof witlwut waiving or •Hecting any oQtioe~.
lie~. equity or right under or by vistne of this a~ortgag~e. and the full ~mount oE e~ch and every euch p~yment stuII
~~nea~c~y a,~ .nd p.ya~. .oe .e.~ ~.r intareit from the date the~eof unW paid Rt the nte of ten p~
oeawrn pQ anaum and to~stb~ .~it6 soch int~erest shall be secae~sd bq the lien ot this mortgags.
3. To pLce and cootianaasty keep oa tbe bu~7dings now or 6ere~icer situate on eaid land fire and windstorm
iasuraoce in t6e usual ~tandard pdicr torm, in • eum not kss than ths amount due hereoa, in sueh oomp~nY
or oompanies as m~y be .ppe+o~?ed br s.id Morcaaaee; and all aub insunnoe policiei oa any of seid bw7dinga, ~ny
interest tl~erein ar p~rt tbersof. in tl~e t~egate eum atoresaid or in escess thereof. al~all ooatain the uaul
standard mortsaaee chnse maicina the Iw~ ueder s~id policiss. e~eh and every. P~Yabk to said Mortg~gee as ~
incw~a~c mar •pp..r. and ..ch .ad every .oe6 poiicy •hall b~ pro~cly d~iiw~.d w and edd by s.id !r[orepj.~c -
and. not {sss th~n te~a da~n In advanos o[ cL~ up~ation ot e~ch poUey. to deitvK to ~aid btatsa~ • esa~a)
thareot. t~et6ar wicb • eeoeipt tor tM peaasium ot aueh rsnswd: and thre~ ~Il b~ no web inwranes pbad
~ ' o~n ~n~r ot said bu~7dinp, a~r inurNt th~rein or part thareot. un{~ ia tb~ tana and with tM Iws p~yabls u .
aforaMid: ~nd ia t6~ ~nt aa~ sum ot moosy b~ooms~ p~yabb undr w~d? polky a policiw ~nd ~aid Ma~t~a~
~ Rec~hrod ~ ~ , ~
~ r~K Of T~
o R 281 ~.65 o ~
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B~OK P ~
aoc~R Par~as
c~sr4 Chcult Coun, St, lucse. €t~,