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Home My WebLink About0150 ~3~ BUILOING "D" ~;jSi~J THI3 MOR1'GAGE DF.EO, made and e:~cuted ths _1~--d~Y o~ Januar,; 19 78 by Jack B. Cecil and Charlotte Cecil, his wife of 226_N.E. First St., Satellite Beach, F1. 32937 ~ Mninaft~ called tM Mortg~~. wAich tenn ~hall include tM heirs. kgal repre~entatjve~. tu~t~n and ard~ ot tM said Mort~ao~ whersvK tl~e coote:t so requires or adrn~ti. W TURTLE REEF ASSOCIATE3, 1NC.. P.O. Ro: 818. Jensea Be~ch. FL 3315T i AKdnatter uUed tM Moetg~aee, which term shaU include the sdeces~or~ and assisn~ of t~s stid Mortg~aee wherever the conte:t ao nquires or admiu. . . WiTNESSETH: 71ut tor devera Ra,d and vduabk consider~taas. •nd al~o in oousider~tiQa of tM ~~reg~ts wm aamsd fe tl~e promissory note ot even date here~vith hereinafter dexribed, ths said '.Mottstao? doe~ lweby ~r~nt. barg~in. seU. alien. romix. rekase. convey artd confira~ unto the said ~fortsa~es, his heirs. suooss~on ~ad ~wiau~. all the certain piece.... p~reel... or tr~ct.... ot land ot wAich tAe uid Matsasor b aow ~eised and pos~sssed and inactu~l pos~es~ion. situate in the County ot St. Lucie end St~te ot Florid~, deseribed ~s toUow~ p 0.0769 ~ undivided interest in fee simple absolute as tenant in comnon ~in t e certa~n real property described in the Master Form Deed of Turtle Reef ?Cbndominiums 1, recorded in Official Record Book 263, Page 2002, subject to ~divestment as set forth in said Master Form Deed and upon such divestment an ~ i~Aterval ownership consisting of Unit Weeks 35 and 36 ~n Condominium D-6 , _ ~ ~o consistin of A artment Number D-6 ; U 9 P , and its undivided share of the ~ o N vcomnon el ements of Turtl e Reef Condomi ni ums 1, as such i s descri bed i n sai d ~,A Master Form Deed. This is a purchase money mortgage. N~ Q: It is turthet ~eed between the partiea to thie awrtRage that. in addition to the tertns and condition~ ~st po out he~n. it • conveyance ehould be made by the Mortgagor ot the pre~nisse 6erein dsxribed. or any p~rt ~ thereof. without tust obtaining both the writt~n consent ot the hoid~ Aersot. and ~n assumption ot tl~ia oWi~tion. ia writing. by tM oew proposed Grantee. then. and in tlut event. at tbe option ot tbs 6older heno[. without notice. dl aums ot awney ~ecured hereby el~all, immediately and ooneurreutly writA meh conveyanos. beooms , dus ~nd p~y~bk and said Note ~nd Mortqage atull be in dehult. TO HAVE AND TO HOLD the ume. together w*ith all snd singui~r the teoements, hereditaments ~nd ap purt~nanees t6erounto bebnging or ia ~nywrix ~ppertaining ~nd the rrversan and reversioas. rea~aind~ ud rs m~indKS. rents. issues and profita there~•f and aleo all the estate. right. title. interest. R~Y. P~. eWm ~nd dem~nd whatsoever ~a weU in !sa e, sn -:uity ot the said Mortgagor in ~nd to tbe s~ae ~nd evary p~rt and p~rosl thereof unto tAe ~aid MortRsgee, end ::.s heiro. ~uccessors and a+~i~+, in fee simpk. Aad taid Mortga~or, tor himself. and his hein, kgsl rep~tativee. ~uccesaors aod asaians, he[eby oonveoaata with s~id Mortgagee. hia heira. legal repre~entatives. ~ucce~ssora and aui~. that said Mocta~ is indeteau'bty ssised ot said land in tee aimpk: that the said Mortgagor haa tnU power end lawful risht W oonver ths s~me in tes Q .~imple ae atoresaid: thet it ~hsll be faw~ful fo~ said Mortgagee. his l~eirs. legal represe~t~tives. wccessors and a~~. ~ at dl times peace~bly and quietly to er~ter upon. Aold. octapy ~nd eajoy s~id W~d and ev~y p~rt tl~ereuf; I' • tl~at said land is free from ~U incumbrances; that said Mortgag~or, dis Mira. legal cepreienutive~, s~soc~ and asaigns, will make auch further assurenKS to pertert tbe fee simpk title to said land 'w afd Mrotsa~sa, his hsirs, kga! representative~, auccessore and as~igna. as may reasoaaWy bs requ'ved; and that s~id Mactaagor 'i does hereby tuUy warrant the titk to ~aid land and every p~rt tbereot and will detend the same ag~inst tlie ~i lawtul claims of ~U per~ona whomsoever. I - ~ It ia underetood that each ot the worde. "note". "mortgagoi ' and "mortgagee" respectively and the Euooouo~ ~ referring thereto, w~hether in the ~inguler or plurd anywhere in tAis mortgage, shall be singular if one oniy ~nd ~hall be pfurd jointly and se~erally. if more th~n one, and shall be rnasculine, teminine andlor nauter, whsevar the oontezt so implies or ~dmits. • And said Mortg~gor for Aimselt and his heirs. Ieg~l e~epreaentativd. s~oeessors and aisigns, hereby oovenants and ~gree~ W ~nd with eaid MortgaRee, hie l+gal representatives, sueeaseors and assigns: 1. To pay aU and sinRular Lhe principal and intm~t and the various and sundry aume o! money p~yable by ~ virtue of said promieeory note. •nd tAis mortg~ge. each and every, promptty on t6e days respectively the s~me sevenlly become due. e ~ ~ 2. To pay aU snd eingular the tues, essesameota, kv~.es, lia5ilities, obligatioas and incumbrtnces of every nature and kind no~r on said dexribed propert.y, andlor that hereafter may be impwed, s~Hered, plated, kvied or assesied thereupon, end.or that here~fter may be kvied or a~seased upon this mortgage aad/or the indebtedne~s } seevred hereby, each and cvery, when due and Myabk according to l~w, before tbsy bsooms delinqueat, ~nd befors any interest attschea or any penalty is incurred: and in so t~r as any tlbreot is o! record tbs ~ams ~hall bs promptly satiefied snd dixhsrged ot reoord and the original offici~l document Isuch ~s. tor inat~nos. tbs tas reoeipt or t6e ssti~faction psper officially endoraed or eertified! shall be placed in tbe hands ot ~aid lrtat~gs~ . ~ within ten days ~:t aher p~yment: and in the event that any thereof is aot so p~id. ~atisfied and di~cl~raed. said Mortgagee may ~t ~ny time p~y the eame or ~ny part ti~ereof witbont waivins or affeetins any option. lien. equity or right under or by virtue ot thi~ mort~ge. and the fuU amount of e~ch and every such p~ytoent shall ~ bs imensd'utely dne •nd p~yabk and ehall be~r interest Erom t6e d~te tl~eof unu7 paid at t6e nte of ten par ~ osnwn~ per annum and to~ether writh such intenst sh~ll be secvred by tbe lien ot t6is mortgase_ ~ " s 3. To place •nd continuoasly kesp on t6e buildings now or bae~fter sitwte oa aid 4nd fve aod windstarm ~ iniunncs ia the usual standard policy torm. in a sum not iess than t6s amouM due hereon. in such oompanr ; ~ or oompanies as may be •ppmved by said Mortga~ee: and ~11 ~uch ins~neoe poticiea oo ~ny of said buiWin~, any ~ ~ interest therein or part thereof. in tbe aggregate sum aforesaid or in euws tbereot. s6a1! contain tLt wwl ~ ~ndatd mortgaaee clauae making the bsn under s~id poiicies. e~ch and ev~ery. P~yabk w s~id Mortg~aes u hir ~ int.ere~t may appsar. and e~cb ~nd every au6 poliey s6a1! be promptly dsliweed to and haW bp Mid IYtortp~wc . and. not Isss tlun ten days W~dvanoe of the espir~tion ot e~c6 poliey. to ddivR W~d Nart;a~ ~ na~wd ~ tMr+eot. togethe~ with a ~eceipt f~ the prca~ium o( wc6 reiiawal: ~nd tlwre t6~U b~ no axh ~ pl~ad ~ on ~ny ot wid building~. any intereet tl~ein or p~art thersot. unlw in t~ farm and with tM ba p~yabls u ; atare~aid: and in the event any ~um o! mooey bsoomes p~yabk under wx1~ poticr or pdiciM ~aW Mortpsw ~ . ~ ~ - ~ _ r- - . _ • ~ Rec~i~red ~ ' le1 Pl~1Mnt d Tsxo~ % •~-"•t~ . g `~i ~ U R Ow O~ Clas "C" M+ea~l~'wM~I Pt~op~ry. ` ~3c~ ~tc~ To c;~ ~s4. a m. C` • ' . ~ ~ ~ ~ % . . ~ . . . ~ . t~ ~~N? ~ ~~.a. _ _ . : ~ ~ " - - - - , ~..~3_ ~