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Home My WebLink About0487 QUILDING "D" 3941'70 ' THIS MOR7'GAG6 DEED, made ~nd e:ecuted the ?$.Lhi.y ot _~~cem~er , 19 ~I by Ri ~h~~ 1, Mlorrc~w and ynce hi ng~ Nlnrrow ~h~ s wi f~ of 2Q~DEldqd Ave Indi al anti c~~ FL. 32903 h~tter cailed tM Mat~a~, which teria aluU include the heirs, b~l rep~essntativei, succeswn aad aa~ign~ ot t4e said Mortaagor wherever tM context ~o requires or ~dmits, to TURTLE REER AS30CIA1'ES. INC.. P.O. Bo: 818, Jensen 8e~ch. FL 33457 herein:ft~ called' tlse Mortgagee. ~rhicA teim shaU include the ~ueceasore and aseigns ot the said Mort~agee wherever tAe conte:t ro requires or admite. WITNESSETH: T1?~t tor dever~ good ~nd valu~bk rnnaiderations, and al~o in eoneideration ot the ~Rgregate sum named in the promissory oote of rvcn date herewrith hereinafter described, the aaid Mortgagor does hereby ~rant, bargaia, seU, alien, remi~e, releax, rnnvey ~nd contirm unto the said Mortg~gee, hu hairs, ~ucoeseors and aasi~as. al) tbe certain piece..., p~rcel.... or tract.... of land. ot whicA the eaid Mortgagor i~ now eeir.ed and pos.+essed and in~ctual posxsaion, aituste irt the County oi St. l.acie snd Statr at Florid~, described ~a folbw~ A 0.0769 % undivided interest in fee simple absolute as tenant in comnon ~~i ~ t e certain real property described in the Master Form Deed of Turtle Reef Cbndominiums 1, recorded in Official Record Book 263, Page 2002, subject to d#vestment as set forth in said Master Form D 2~ and ~~on such divestment a~_12 interval ownership consisting of Unit Weeks in Condominium ma ' c.°,~on~sisting of Apartrt~ent Number D-12 Q, , and its undivided share of the - Q~om~wn elements of~Turtle Reef Condominiums 1, as such is described in said o~Ster Form Deed. This is a purchase money mortgage. „ . _ o : o~' it +s further ~greed between the parties to thi~ mortgege that, in addition W the term~ snd oonditions set " t hecein, if a coavayance ~hould be msde by the Mort~gor of the premisea herein deacribed, or any patt ~~reof, wit6ont first obuining both the written conxnt at the holder hereot, and an ass~unptioa of this fiali~ation, in writiog, by the new pmpoxd Grantee, then. sad in that event, ~t the option of the laldet hereof, witl~out notice. ~tl sums ot money ~ecured hereby shall. immediately and rnneurrently with such conveyae~ce, beoome ~ f due ~nd p~yable aad a~id Note ~nd Mortgage ~l~aU be in default. TO HAVE AND TO HOLD the +ame, together with dt and aingular the tenemeata, hereditaments aed a~ p~ut~enat?cd t6er+nuato bebaging or in aey~wix appertaining snd the reversion and reversione, remaindar ~nd r~ m~inders. rents. is~s aat! profit~ thereof and also ~11 the estate. right. titk. interest. PropertY. posse~ion. cLim and demsnd w6atsoevet as weU ia law ss in eqnity of t6e eaid Mortga~ in and to the aame and every part and pared thereof uato the said Martgaget, and his 6eirs, svccessors and assign+. in fee simpk. Md aud Matgagor. for himself. ~nd hi~ heir~. kgal reQreesntative~. succesaon and assigna. hereby convea~nts with s~id Mottgag~ee. his heirs. kgal re{xe~entatives, sueoessors and as~igns. tbat aaid Mortgagor is indefeastl~ly seised ot s~id land in fee simpk: that t6e stid Mortga~gor has fiili power and lawful right to oonvey the ~aiae in fee simpie as atonsaid: that it ~haU be lawhil for said Mortgagee, !us Aeirs. {egai rep~sentatives. suocessors and aseigne, at all timea pe~eeablp ~ad quietly to e~ter upon. hold. occupy aad es~joy aaid laad and every part tha+~f • that said laad is iree fro~n all incumbranus: th~t ~aid Mort~gor. his heire. legal reptesentatives. sucoeseors an~ ar~igns, wil! m~ke snch further assuranoes to perfect tbe fee aimple titk to said had ia said Mrotg~g~eer his l~ein. legal representatives. ~utcraaor~ ~nd •ssigna. es may reasonably bs required: end that said Mortgagos ~ doe~ henby fnlly warrant the titk to said laad and every part thereoi and will defend the aame agaia~t ~ ~ lawfitl c~ime of dl per~na whomsoever. It is underatood ttut ~ch of the words, "note". "mortgagor" aed "mortgagee" respectively and the ~ ~ L. refetring therew. whetAer in the singular or plurel snywheoe in thi~ nwrtgsge, ~hall be aingular if one only aad~ ~ ~ ~y ahall be pk,ird jointly u~d xventiy, if mare than one, and sh~ll be maeculi:ee, feminine andlor nentQ. wMrev the ooncezt so implie~ a admit~. ~ And said Mortgagor for himxlf and his heiro, kgat representativea, ~ucressore aad aasigna, henby eovenants ~nd ~ agneea to ~nd +rith ~aid Mortgagee. 6ia legal representatives. auccessors and aseigna: . ~ ~ 1. To pay all aad sinRular the principd end interest and the variou~ and aundry aum~ of money payebie by = O ; virtue of ~aid promiasory note. and thia m~ortga~e, each end every, promptly on the days respectively the eame ~ v~ ~ xvenlly become due. ~ c _ ~ O ~ 2_ To psy all aad singulu the ta:es. ~aeee~meata, kviee, liabilitiee, obligationa and incumbraeoes of rve~y ~ nature and lcind eow on uid dexrEbed property, and/or that hereafter may be impoeed. suffered. p1Ked. levied a O~ ' or aa.+essed tbenupon. and~or tlut haeafte: msy be kvied or aaseased upoa this mortgage and/or the indebtedne~ss seeured hereby. eacb and rvery. when due and p~yabk ~ccording to law. before they beoome delinquent, and j~' f•= betore any intereat attachea or aay pesa[ty is incurred: and in so tu as any thereof is of reeord t6e same sh~11 be • promptiy satisC~ed and dixharged of record and the original official document laud~ aa, for instauon, tt~e t~ ~ ncaipt or tbe s~tishction p~per officiatly endorxd or certit~edl shaD be pi~oed in the tunds oi said Mortg~gee within ten daqs ne=t after p~ymeat: and in the event that any theteof is not so paid, satisfied and diacharged, s~id Mortg~gee m~y at any time p~y tM same or aay p~rt th~eof witha~t waivina or aHecting any option, . fian, equity or right uader or by virtve of this mortgage, and the fiill aawunt of each and every such payment shall be immediateiy dae end p~yabie and ahell be~r interest from the date t6a+eof unW paid ~t t6e nte of ten per oaatorn pe~ annum and to~ether with such interest shall be secared by tbe lien of this mortgage. ` 3. To pl~cs and continnously keep on the buiidings aow or l~ere~fter aituau oa said land fin aad ~vindstorm inswance in tM usual atandard poticy farm, in • eum not less than the amoaat due hereon, in such oompany ar oompanies as e~y be appcoved hy aaid Mortg~~ee;, aod ~ll such inauranos pdieies on ~ny of said bu~7dinge, atty inte~est tlrefein or put tl~ereof, in the aggtegete aum aforeaaid or in e:cess thereof, sball oontain t6e uswl •tandard mortaagee eLuse making t6e los~ under aaid policies. e~ch and evay, qyabk to said Mortgagee as LL intere~t n.~r appear. and e~ch and every such poticy slull bs pto~tly detivered to and held by ~aid Mataa~c . and. not iess th~n ten day~ in ~dvaace ot t,l~s a~iration ot a~ch policy. to dsHwr W~aid btatg~ a na~wd tl~~so% t~~aether with • e+eo~pt for t6e pe~eminm of sueh reAewal: and tliers shall bs no soch inwr~nos phad 0o aar of a~id buiidings. ~ny iuterest thereie~ or part thehoi. udsa~ in t6s torno and with tbs bes p~yabie u ' Joreaid: and in the event aay ~um of mooey beoomes p~yabk nnder wch poticr or polieiea and wid Mortga~ ~,rtP 2~2 ~AC~ 479 s~~K ~ ~ : : - . - a_~ s. - _ - - - - - ~ ,r ~