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Home My WebLink About0455 r~ BUILDING "D" _ 1 ~ 39425p 16t January 19 78 _ TH13 t10R'I'QAGE DEF.D, made a~+d e:eeuted ths ~y ot : by Lois M. Bell and Fay~ C. Nuyen _ ~ ~':j of 13263 5th Street• S~houlcraft, Mi 4~~7 ' l~sinattK ulled tM Mo~taa~or. whkh t.aan ~haU includs th~ Aeiro. Mgd ~epn~eatative~, sucosNOr~ and assign~ ot ths wid Mortgagor aherever the conte:t so requires o~ admits, w TURTLE REEF AS.SOCIATE3, 1N7C.. PO. Bos 618. Jen~en Aeach. Fl. 33457 l~eneinatter caUed~ the Mortgagee. which term sh~ll include the ~ucceseors and aaaigns ot tl~e said Mortg~gee ~rherever the context so requires or admits. t WITNESSETH: That fo~ davera qood and valueble rnnaideratioaa, and alao in coaaidention ot the ~ggregate suaa n~med 'en the promiasory note ot even date here~vith hereinafter described. the said Mortg~gor does herebY grant, barg~in, seU, alien, remise. rebase, ooovey and confvm unto the +~id Matg~ges, his heirs, eucoeasocs and assigoa, all tAe certain piece..•. psrcel.. . or tnct ot l~nd, ot which the aaid Mortgagor is aow se'ved and possessed and in~ctuel pos~es~ion, aituate in tAe County of St. Lucie and Stete ot F1orid~, deecribed as toUowr. A ~ % undivided 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 yCondominiums 1, recorded in Official Record Book 263, Page 2002, subject to ~vestment as set forth in said Master Form Deed and upon such divestment an S nterval ownership consisting of Unit Weeks ~ a~ 5 in Condominium D-4 ~ ti~ , ~ -.qonsisting of Apartment Number p_4 , and its undivided share of the b ~ mnon elements of Turtle Reef Condominiums 1, as such is described in said t~ster Form Oeed. This is a purchase money mortgage. a"' ~ a c`,~ ,~j~ ~ It ia furtt~er agreed beEween the parties to thi~ moKRage that, in addition to the term~ and conditions set ~0 ~ t A~ein, if a rnnvey~nce should be made by the Mortqago~ of the premi~es herein described, or any p~rt i- ~ o~ ~t eOt, without first obtaining both the written conaent• ot the 6older hereof, and sn ~ssumptioa of tlus U~ pl~lig~tion, in writing, by the oew propoxd Grentee, tAen, end in thet event, at the option ot tAe holder hereof. " hout notice, all aums of money xcured hereby +hsU, immediately and coneurrently with sucA conveyanoe, become ~nN ' and p~yabk and said Note and Mortgage ehall be in detault. L ti , TO HAVE AND TO HOLD the aame. togecher with all and siegular the tenemeats, hereditameate and ap~ ~ten~aces thereunto bebnging or in anv~viae ~ppertaining ~nd the revera~on and rever~ions. remainder and re , rents. iesues aad profit~ thereof and al~o ~11 the estste. right. title. interest..PropertY. pwseseion. cWm and iundswh~tsoever weU in law ss in equity of the said Mortg~~ in and to the ~ame and every p~rt and ~ rcd thereot uaW tbe said Mortgagee, and his heira, suceesaora and sssigna, in fee simpk. And said Mortgagor. for himaelf, and his heirs, leg~l repressntative~, ~uccessoro and assigas. hereby wnve~ants with said Mortgagee. hie heire. legal rep*e+entativea. suceessore and a~aigna. tlut eaid Mortgagor is indefeasibly seized ot asid land in fce simpie: that the aaid Mortgagor has tuU power and lawfiil right to oonvey tAe s~me ia fee . sunple as doresaid: that it ahal! be lawtul tor a~id Mortgagee. his heirs. legal representatives. suoeessors aud ~se+6ns. at ell timea pe~ce~bly aed quietiy to enter upon. !?old, occupy and enjoy said land and every part ti~ereot: ` that a~id land ia free from eU incumbrancea: that aaid Mortgagor. his heire. kgal represent~tives, sucaessors and s~€3~^..s. m,sk• s~'~ :.~:•,•••Y; •n ~i~ the few eimple title to said land ia said Mrotqa~ee. ~ hi~ 4eira. kgal representati~es. ~uccessora and aesigns. as may reaeonabiy be required: and that eaid MortgaBa'M~ does henby t~illy warrant the title to aaid land snd every part theceuf and w~ll defend t6e aame ~gainet tbe~ , lawful claima of aU perwne whomsoever. - ° ~ p LL. 4 It is underatood that each of the ~vords. "note". "morigagor" and "mortgagee" reapectively and the pronoune ~i N c ~ referritig thereto, wrhetAer in the singuler or plurst anywhere in thia mortgag~e. ahall be singular ii one only and 8 4 ; shal! be pfural jointly and aeveraUy. it more than one. and shall be maeculine. feminine ~n d lor neuter, w l~ r e v e r g ~ t-~ ' ; the conte:t so implies or admit~. ~ g,3 i r ~ And said Mortgagor for himself and his heirs. kgal repreeenutives. auooeseors and aaaigna. hereby cowmnts and ~ ~ agrees W and with said Mortgsgee. his legal representativea. sucoessors and aseigns: ~ ~ ~"7 1_ To p~y all and singular the principal ~nd inte~eat ~nd the varioue and ~undry sums of money psyable by ' V ~ ~ virtue of aaid promiaeory note, and thia mortgege. each and every, promptly on the daye respectivdy the aame M~~ ~ ~ ~everaUy become due. ~ ~ . ~ ' C ~ ~ 2. To pay all and singulu the tues. aase~sments. leviee. li~biliti~s. obligatioas aad iacumbnnoes of every ~ ~ ~ nature and Icind now on said deacribed property. ~ndlar tlut hereaiter m+~y be imposed. s~ffered• Plked• levied ~ o' ~i~ ~ ~ or aesessed thereupon. aadlor thet hereafter may be levied or s~seesed upon this mortgage ~ndlor the indebted~ss ' ~ eecured hereby, eech and every, when due and pey~bk according W law, before they beoome delinquet~t, and ' before any intere~t attacbea or any penaltq is incurred: and 'm so far as any thereof is ot reoord the same shdl be promptly satisfied and dixharged of record ~nd the origiaal ofCcial document leuch as, tor instanoe, the tu ~ eeceipt or tbe satisfaction p~per otficially endorsed or certifiedl siull be placed in the hands of said Mortgagee r~ within ten d~ys ae:t after p~yment: and in the event that any thereof is not so paid. e~tisfied and discharged. I ~ said Mortgagee may et any time pay the same or ~ny p~rt tl~ereof without waiving or ~ffecting any option. lien, equity or right under or by virtue of this mortgage. a~ the full amount of each and every such p~yment sbail ~ be immedi~tely due •od p~y~bk and shall bear interest irom the date t}x~eof nntil paid ~t the nte of tea per cenWrn per annum and together ~?ith such interest ahall be ~ecured by the lien ot t6is mortgage- 3. To place and eontinuously Iceep on the buildinge aow or ber'eaft~ eituate oa said luid fise and windstorm insuranoe in the uaual atandard policy [orm, in a eu~ not ksa tlun the amount due hereon. in such companY > or compenies ss may be approved by eaid Mortgagee: and ~ll sucb ine~ranoe policies on ~oy of aaid bu~dings. ~ny ~ interest therein or part thereot. in the aggregate sum atoresaid or in e:cess theroof. ahall contain tbs uanal '-4 ~t~ndard mortgagee cl~use cnalcing the iose under said policies. e~ch and every. P~Yabk w sald Mortgagee o h~ ~ intarost may appsar. and eaeh and every sue6 policy s6aU bs pevmptty delive~ed to and held by wid Martp~ . ~,~R- and, not ie~s tbaa ten days in sdvanee of che e:pintion of e~ch potfcy. to d~livR W wid Mort~ase~ a na~wd thereof. togett~er wit6 a receipt for the premium ot such reoewd: and tharo sh~U bs no sneh iasuranos pl~ad . on ~ny oi said buildinss. ~ny interest tbeeein or part thereot. unleW m tb~ fo~m and wit6 tM {oa P~Yabls u . n aforewid: and in the ev~nt ~ny ~um ot money beoomes p~yabls under wc6 policr or potbciM ~nd ~aid Martp~ _.f ~ s~~K 2~2 Ynce ~ ~j 47 - x-: ~ w~ y e% - .~s~ f.- . . . ' . ' _ ' _ ' ' _ ~ "g~ ".~r _ , 2i~-~ r-,"~.+sa-''..x ~€..,-ars .w . , _