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Home My WebLink About0134 i - BUILDING "D" ~~JrB~s THIS MORTGAGB QEF:D, made and e:ocuted the ~_day ot November , ~g 7~ b,, Debra Sue King of 6144 North Wind Ct., Traverse City, Mi., 49684 ~fter ulled ths Mortg~gor, whieh term shaU include the 6eira, k~l repeasatatives, succewors and ueigns of the said Mortgagor ~rherover the conte:t sa requires or admit~. to TURTLE REEF AS.SOCIATE3, 1NC.. PO. E3o: 818. Jeosea Beach, Fl. 33~57 hereinatter cal{ed the Mort~gee, which term shall inctude the suecessors and asay~ns ot the said Mort~gee wheMVer tAe conte:t ~o requires or admita. WITNESSETH: Thst tor devera good and valuabk coneideration+, snd aLw in rnnaidentioa ot the ~ggre~te snm named in the promissory note ei evm dece here~vith hereinaftet dexribed, the said Mortgegor does hereby grant, bugain, xll, alien, romix, release, con.~ey and confirm unto the ~aid ~fatgagee, Ais Aeire, sucoeesoro and assigns, all tAe certain piece..., parcel.... o~ tract.... oi 4nd, ot which the eaid Mortgagor is eww seized and pos~essed and insctus) poa.+e~aion. aituate in thP County of St. I.ucie and State of Fbrida, described as tdbws: ~ ~ ti -A 0:0769 ~ undivided interest in fee simple absolute as tenant in common ;,in t e certain real praperty described in the Master Form Deed of Turtle Reef ~ y~ ~ondominiums l, recorded in Official Record Book 263, Page 2002, subject to ~ ~ ~~iivestment as set forth in said Master Form Deed and upon such divestment an 0 0 ~~i nterva 1 ownershi p cons i s ti ng of Uni t Weeks 10 and 11 i n Condomi ni um D-7 , = ~ d~ ~'~onsis ting o f Apar tment~ Num ber _ , and its undivided share of the ' wD ommon el em e n t s of T u r t l e R e e f C o n d o m n i u m s 1, a s s u c h i s d e s c r i b e d i n s a i d i l aster Form Deed. This is a purchase money mortgage. I j' ~ ~ ~ .W it ia turther egreed between the partiea to this mortRaqe that, in addition to the ternu and conditions eet ' • out 6enin, it a eonveyance ahould be msde by the MoKg~gw of the premixa herein dexribed, o~ any p~rt thareot, ~rithont tvat obtaining both the writcen con~ent ot the holder hereot, and an aasumption of tAis ob$gat'an, in writing, by the new proposed Grantee, then, and in that event, at ti~ option ot the holder he~~eof, . ~•"~out notice, all sume of money secured hereby shaU. immediately and eoneurrently ~vith such tonveyanoe, beoome due and p~yeble and aaid Note and Mortqage ehall be in detault. TO HAVE AND TO HOLD the aame, together ~rith all and ~ingular the tenements, heceditamente ~nd a~ purtenances there~nW bebnging or in enywrix sppertaining and tbe revers~on and reversioas, nmainder and re esyinders, reab, iasues ~nd profit~ thereof and al~o aU the estate, right. titk, intereat, ptoperty, poaseasion, claim and demand whatsoever a~ weU in law as in equity ot, the esid MortgsRor io and to the same and every part and p~rcel thereof unto ihe aaid Mortgagee, and his heir~. ~uccessoro ~nd as~ign+, in fee simpk. And saed Mortg~gor, tor himself, snd his heira, kgal repressntative~, succeasora and ~saigna, l~ereby convenants writh aaid Mortgagee. hie heu~, legal repre~entatives, aucceasors and s~iqn~, tl?~t s~id Mortgagor is indefess~bly xiud ot said land in tee aimpk: thet the aaid Mortgsgor haa fiill power and law~ful right to oonvey the seme ia fee aimpk ae eforesaid: that it ahaU be Isw~ful (or said MortgsAee, hia heirs, legal rep~ntative~. auccessors aud aeeigns, at aU tia~es peaceably snd quietly w eater upon. hold, oocupy and enjoy s~id land and every p~rt thereof: . that said land is free trom ell incvmbrances: that said Mortgagor. hi~ l~eits, kgal representatives, eucoeseors wd as~igne. will melce auch further aasuranoes to perfect the tee simple title to said land in eaid Mrotgagee, ~ his l~eirs. kga) represent~tives, auctessor~ and assigne. aa msy nasonably bs required: and that eaid Mortgagor doe~ hereby fully warrant the title w~aid land and every p~rt theceof and will defend the aame aqainst the lawfiil claim~ ot all per~on~ whom~oever_ It is understood that each of the wrords. "note". "mortgegor" end "mortgagee" reapectively and tl~e protwuns ~eferring thereW. whether in the singular or plural enyw~here in this mortgage, shaU be singular if one only and thaU be plnral jointly and ~everally, ii nwre than oae, and sha0 be mssculine, feminine andlor neuter, wherever ,:he conce=t so implies or admit~. ' ~ And said Mortgagor tor himxlf •nd his heirs, kgd repreeentatives, auoceseors and aseign~, hereby covenants and : ~~grees to and with ~aid Mortqagee. hi~ legal repreaentatives, auccea.+ora and saaigna: ~ 1_ To pay ~U •nd ~inRular the principal snd interest and the variou~ and ~undry suma of money psyable by _ ' virtue ot said promi~~ory note, and thi~ mortgage, each and every, promptly on the daya reepectivdy the ~ame ~ xverally become due. ~ 2_ To pay aU and singulu the ta:e~, aase~smente. leviee, liabilitiee, obtigatans snd incumbrance.+ of every ~ nature ~nd Icind now on said dexribed property, and/or that here~iter mey be unposed. auffeted, plaeed, levisd ar seeeseed thereupon, and~or that hereatter may be levied or ~saessed upen this ~nortgage and/or tl~e indebtedn~ss . ~ secured hereby, eaeh •nd every, when due and peyabk according to 1aw, before tl~y beoome deW~quent, and betore ~ny interest ~ttaches or anY penalty is incurred: aod in so far as any tbaeof u af record t6e eame shaII be ~ ; promptly satisfied and discharged ot reeord end the origieal official document leuch ae, for inst~noe, the tu ' eecaipt or the satisfactan p~per officially endor~ed or certit~edl shall be placed in the hande of said Matgagee ~ withia ten days ae:t after p~yment: aad 'm the event that any thereof is not so paid. setisfied ae~ diseharged. a~id Mortgsgee may at any time pay the eame or ~ay part thereot sritha~t w~iving or aftecting ~nY aption. ~ lien, equity or right ander or by virtue ot this mortgage, and tl~e full amount ot e~ch and every such payment sAall :m~ bs immediately due ~nd pay~bk and ehaU bear int.erest from the date thereof unt~ paid at the nte of ten per oenturo per annum and together with snch int~rest shall be secured by tbe lien of this mortgage. ~ 3. 'Fo place sad continuousiy kesp on the baildings now or hereafte~ eitwte on asid lend fire and windstorm insuranoe in the usud etandard policy form, in a eam not kss thaa tbe amouni due hereoa, in auch oom~ny or comp~niee ae may be epproved by aaid Mortgagee; ~nd all euch insurance policies on any ot said buiiding~„ wy ; interest therein or part tlureof. in the aggregate sum a[oresaid or in e:oeas thereof. shall conuin t6e uaW standard mortgagee cLuse wsking tbe io~ under said policies. e~c6 and evary. p~ysble w said Mortgagee as 6i~ intere~t m~y ~ppear. and e~ch aad every suc6 policy a6a11 be pr+oenpdy ddivered to ~nd 6eld by said Moet~ - ~ uid, not kas thaa tea d~ys in advance oi the e:pintion ot e~cb policy. W ddiwr to ~aid Mortsa~ss • r~o~wd u:, tl~ereof. togetber with a receipt tor the premium oi such rsnswal: and tl~eee slWl bs no such inwrmos pl~cad ~ on ~ any ot said building~. any int~reat tl~ein or part thereof. unle~t ia tbe torm and wit6 tM los~ p~yabie as ' ~ Joro~aid: aad in the event any nun ot money beoomes p~y.b4s ~~d eaid 1Hortg~ ~ ~ / u~,, ~.~~n~c ~ .•r ~j ..U_ 0:: C~ _:r iNiAltG BlE PcRSOila! Pfi~EkTY~ ~ FURSYAJIi TO tlIAPiER 71-13~. ACTt Of ~ RO~E~ POfiRA= ~ 600K ~8~ PAGF ~~4 c~n o~cat oa~cr. ~ Wci q. ,~;d, : : . ; _ > , - - - ~u ~ - - . ~ - f__:~