HomeMy WebLinkAbout0447 BUIIDING „U" 3~'45 ~
THIS MORTGAGE DF.F.D, madr ar?:i e:ecuted the 10 _ day or _ ~anuary 19
by John L. Franklin and Evelyn S. Franklin, his wi.fe of 471 Temple,
Satellite Beach, F1, 32937
b~ninattar c~tted ths Mortga~, wAicA term shaU include ths i~e~rs, k~t rep~entativsa, ~uceuwr~ ~nd ~ a~si~n~
of ths stid Mortgagor wAerever tue conte:t eo requires or ~dmit~,
to TURTLE REEF AS.SOCIATES, !h'C., PO. 1io: 81R, Jenxn Aeach, Ft. 3~457
heraia~fter c~Usd the Mortgageo, w~hich cerm shaA include tha suecsasora and aasigns o! tlie
said MoKgaaee whe~ver the conte:c ~o requires or ~dmit~. ~
WITNE3SETH: TF'iat for devera R«xf and vsiuebk consider~tan~, and ~Iro in rnnsidar~tiQa ot the ~ggrtgrte sunt
tumed ia t6e promissory notr of rv~n det~ herenitA hereinafter de.cribed, the aaid Mortg~gor doas l~ereby
grant, bugain, seU, a6en, remiae, rekaae, convev and confirm unto the said Matq~aee, his heirs, s~ and
assians, all tl~e certain piece..., parcel.. or trsct.... ot Iend, ot w~hich lAe eaid Mortgagor i~ now sei:ed and
posssssed ~nd inactu~l poareseion. ~ituete in thP County of St. [.ucie snd St~te of Florida, desetibed as /oypwx
~~•~~"'J#~ 0.0769 ~ undivided interest in fee simple absolute as tenant in comnon
igit e certain real property described in the Master Form Deed of Turtle Reef
, Cq~dominiums 1, recorded in Official Record Book 263, Page 2002, subject to
~ df#~estment as set forth in said Master Form aeed and upon such divestment an
.L, ~~int~erval ownership consisting of Unit Weeks g and 9 in Condominium D-22
" ~ c '
~ a ~ Q~o isting of Apartment Number D-22 , and its undivided share of the
~ a ~ o~ n elements of Turt]e Reef ondominiums 1, as such is described in said
j``~ s er Form Deed. This is a purchase money mortgage.
t ~ ~ o
E ~3 V~ 1 is turther ~greed between tAe parcie+ to thi. mortRsge that. in eddition to the ternu and oonditiohs set
g~t , it • convey~nre shouid be mede by tAe Mongagor ot t!?e premixn herein described, ot any part
~ y ~ , without firat obtaining. both the w+ritten conaent ot the holda hereof, and an assumptioo ot this
t 't ' n, ia writing, by the new propo~ed Grantee, tl~en. and in that event. ~t the option of tbe holder heeeot,
' s' wit notice, all sum.+ of awney xcured heroby ~haU, immediately and concurrently .vith aueh conveyu~ee, beooone
~ due p~yaAle and said Note and Mortgege ahall be in detault.
~,_r~ e~`__i~,~ HAVE AND TO HOLD the vme, together w~ith aU and eingular the teuemeota, hereditamenq ~nd ~P y
purteeaocee tlfaeunW bebnging or in snyw~iae ~ppcrtaining ~nd the rever~ron and ~vusions, remaindet and rs
m~inders, rents, iaaues ~nd profita ther.•.r and el~o ail the eatate, right. iitle, inierest, property, po~seasipn, ela'sm ud
~ dem~nd whatsoever ~s weU in Iaw r.. _~:•.~ity of the ~aid Mortge~r in ~nd to the same and every part and
pareel tAeteof unto the eaid MortReqee, and I,:s heir~. eucceaaora and assi~:nv, in fee simpk.
~ And wid Mortgagor, for himself, and hia he'vs, legal reprosent~tive~. succe~or~ and ~ss' s,
~ with stid Mortgagoe, hia heir~. 1egRl representative~. ~accra~ora and a~iRn~, that uid Mort~
~ indefeas~bly
~sised of eaid land in (ee aimple: that the aaid 1~lortgagor ha~ tuU power end lawtul right to oonvey tbe same in tee
simple ae atoresaid: th~t it ~hsU he la..ful tor aaid MortRaRre, his heirs, kgal represrntatives, suceeasors and a~sigps,
' ~i ~!1 times pesceablf end quietly te rnLrr upon, hoid, ~ecupy and enioy ~aid laed and every part tbereof;
th~t said land is /ree harn aU inrumbrancer, that seid Mortg~gor, hi~ Aeira, kgal representatives, wcoessors ~nd
i'_' a~signs, will make such further essurances to perfect the tee simpie , titk to eaid 4nd in said Mrotaasee,
his heirs. kge! reprexntativea, auccessor~ end e~~ign~, •s may reason~bly be ebqvired: and that said Mortaagor
' does htreby fuUy ~vsrrant the titk to aaid tsnd e~d every p~rt thereof and +rill defend the seme against t6e
lawtu! tlaim~ of all person~ xhoma+oever
It ia understood that each oi the +vorde. "note". "mortga~or" snd "mortqagee" respectivrly aad tAe pmtiouas
referring thereto, whether in the sinKular or plurel anywhere in thi~ mortp~age, ehall be singulu if one only aad
ahall be plural jointly and aeverallv. i( more than one, end ahall be m~eculine, feminine and/or neater, wherever
• the conte:t so implies w admit~.
And, said Mottg~gor tor himult •nd hia heira. kgal representatives, suoceaeors and assigns, her~by aovet~ants ~nd
~gree~ to and +ritA ssid MortRaRee. hi~ legal reprexntative~, ~ucces~ore and a~eiqn~:
I. To pay aU and sinRulsr the principel and intere~t and the varioua and sundry sums of money pey~ble by
- virtue ot aaid promisaory note, nnd thi~ mortgape. each and every, promptly on the daya respectivety the satns
xverally become due.
2. To psy ~U ~nd aingular the tue~, eaeessmenta, lev;ee, liabilities, obligations and intumbsances of rvery
nature and ~ind no~v un ~aid de~cribed property. snd~or that hereafter msy be imposed, suf[ered, placed, isvied
~ a~ssesied thereupon, snd'ar tha! hereafter may be kvied or aese~.+ed upon this mortgage and/or tt~e indeb4dnes~
~ secured hereby, each ~nd every, when due and payable aceording to law, betore they become delioquent, u~d
~ before ~ny intereet ittachea or any penalty is incurred: end in so fsr aa any tl~ereot is oi reoord the ~ams sh~D be
~ promptly eatiafied snd discharged ot ?~ecord and the original otficul document Isuch as, for instanos, tbe tu
rsoeipt or the satiataMion peper of~cially endoreed or certifiedl ahaU bt plaoed in tNe haada ot uid Mortaages
wltiun ten dtys nezt ~fter payment; and in the event th~t any thereot ia not so paid, satisfied and disc~rged.
• ~aid Mortgagee may at ~ny time pey the eame or any psrt thereof withoot ~raiving or affecting any option,
lien, equity or right under or by virtue of this mortgage, and the fuU amount of eacA ~nd every such p~ymeat s6a11
` bs immediately due •nd p~yabk and eha0 bear interest from the d~te ther~eof until paid at the rate of ten per
oeaturn per tnnum and together w~ith ~uch interest ~hall be secured by the lien ot this mortg~ge.
3. To place and continuoasly iceep on che buildinga aow or heresfter aitwte on aaid land fire and windtWrm
insunaoe in the u~ual standard policy form. in ~ sum not kas than the ta~ount due hereoa. in auch oompany
ar cwrnp~nies as may be approved by said Martgagee; •a8 aU auch insuran~ policies on any oi said bu~dings. ~ny
iaterrst therein or part thereof. in the eggegete sum afor~id or in e:cess thcreof, shaq oont,ain tM uwl
~tandard mortgagee clauee rtulcing the los~ ueder aaid policies. r,ach and every. WYabk w said Mortgagsr u hb
int~erert ra~y appear. and e~ch ~nd every such policy ~h~ll be promptly ddivered w and held by wid Matp~
and. not ka~ tban ten d~ys in adv~nce of the ezpir~tion of e~eh poticy, to deliv~r to wid Martp~ • edw~l
therwt, together with a receipt tor the prcmiuro of sucb renewal; and th~ee shall b~ no ~~jfdA~
0o any of said building~. ~ny iwterest thereie or part thereof, unks~ in tb~ focm d t ba p~ya~ .
aforeMid: aud in the event any ~um dt ma~er becomea payabk ande/1~Oriy ~4 ~
U R~Q(./ j~ n Ow On Class ••C•• IMan~ibl~P~~f~l~eq.
RO,;K V PAf E Y~t7 ~wem To Chupt~r 71,13~, A~MOf 1~7~.
ROGER POITRA8 r2~ ~
Clerk G~c.,~; c.ourt, St. lutie, Co., Fla.
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