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Home My WebLink About0190 ~ 395910 I BUILDIN6 "D" 2nc~ February 78 TH13 MORT(3AGE DEF.p, made ~nd e:ecueed the y o ut 19 br Wilford C. Wells and Betty J. Wells, his wife of 116 N.E. 3rd St., Satellite Beach, FL, 32937 A~ninatbc ullsd tM Mort~agor, which term sh~ll include tM hsir~, le~l rqKp~eatative~, ~uota~or~ ~nd a~n~ ot tM ~aid Mort~gor wherever tAe rnnte:t so wquires or ~dmits. - W TURTLE REEF A3.SOCIAI'£3, lNC.. P.O. Ro: 818, Jensen Beach. FI. 33~57 AKeinatter t~Usd the Mortssgee, wrhich term shall include the sueceswn and atups~ of tM said Mortga~ee wAerever the conte:t ~o requires or admits. ' WITNESSETH: TMt for devers good and v~luabk consider~tiona, and eleo in con~idetatiQn ot the ag~reg~te Nm na~ed in the promissory note ot eve~ date AerewitA hereinafter deacribcd, tl~e said Mortsagor dos~ l~ereby ` ~4~+t, bargaia, sell, alien, remise. re{e~se, rnnvey •nd confum unto the +sid Matg~aes, his heirs, suece~oes aed ~ aasi~~, aU the eertain piece..., parcel... or tr~ct.... oi land, ot whicA the aaid Mortgagor is aow ~sized and ~nd inattual po~~esaion, sitwte in thP County ot St. Lueie and Sute ot Florida, dexribed u tollow~ ~ : 0.0769 X undivided interest in fee simple absolute as tenant in comnon o~ n~•t e certa n real property described in the Master Form Deed of Turtle Reef ~~~ondominiums l, recorded in Official Record Book 263, Page 2002, subject to ` p~i~testment as set forth in said Master Form Deed and upon such divestment an ~~nterval ownership consisting of Unit Weeks 47 and .48 in Condominium D-20 , Y + ^`Por~sisting of Apartment Number D'20 , and its undivided share of the cortmon elements of Turtle Reef Condominiums 1, as such is described in said Master Form Deed. This is a purchase money mortgage. . t-•• ~ It ie IuKher ~greed betaeen the partie~ to thi~ rnortRage that. io addition W the terms and oonditions ~st out heroin. it • rnnveyance should be made by the Mortg~gor of the premises herein described. or any part, tAereol. ~rithont first obtaining both the w~itten coneent of tAe . holder hereot, and an aesumptioo of this obligation, in writing, by tAe new proposed Grantee, t6en. •nd in that event, at th+~ optan ot tlis bolder Mnof. ~ wit~ont notics, ~11 sums of money secured hereby ahall, immed'utely and rnncurrently with sueh oonveyanee, beoome doe and p~y~bk and said Note and MoetgaRe ahdl be in default. q' ~ TO HAVE AND TO HOI.D the ~ame. together w~ith all and singular the tenemeets, heredit~ments and purtenances tAereunW bebnging or in anvwise ~ppertaining ~nd the rcveraion and reversious, reauind~c ~nd r~ mainders. rsnts. issues and profita thPrn,f and sl~o all the estate. right. titk. interest. PropertY. po~ses~ion, cWtn and dernand whatsoever :s well in lswr r,~ w cJ:uity of the eaid MortgaRor in end to the ume and every p~t aad paresl thereot unto the said Martgaqee, and i;,s heirs. •uccessora and e+~ign+. in tee simple_ And said Mortgagor. [or himaelt, and hi~ heir~, kg~l repressatatives. ~ucceasor~ ~nd essigns, herebr aoe~venaata ~rith s~id Mortgagee. hie Ae've, iegal reprcxnutivea, succeeeora and assigns, that eaid Mortg~ is mdefasibly ssised of said land in tee ~impk: that the said Mortgagor haa full power and lawful right to oonvey the saene in fee rimple aa aforeaaid: tAat it sha0 be lawfut tor s~id Mortgaqee, his heirs. legal repr+esentatives. successors and ~arignr; at ~Il times pe~ceably and quietly W enter upon, hold, occt~py ~nd enjoy ~aid ltod and every paK theteof: that said land is iree from ell inrumbrances: thet ~aid Mortgagor. hia Miue. kgal represeetatives. s~oess~ors aod ~isigns, will make ench further as~urances to perfect thc fee simpie title to eaid l~nd in s~id Mrot~aes. Iiis l~eirs. lega! reprexntatives. ~ucccseore and asaigns. ~s may reasa~ably be reqaired: and tlut said Martg~~x I'I does h~reby tuUy warrant the titk to ~aid land and every p~rt thereof and will detend t6e same ag~inst tM I~w[ul claima ot aU peroona w~homeoever it i~ under~tood that each of the .vords. "note". "mortgagor" and "mortgagee" respectively and the pronouns ~ referring thercto, whethet in the singular or plursl eny~rhere in this mortqage, shall be aingulu if one only and ~hall be plnral jointly and severslly, if moce th~n one, and shaU be m~eculine. teminine andlor neuter. ~?hee~ever the oonte:t so implies or •dmit~. And aaid Mortgagor for himxlf and his heirs, le~l representatives, suoceesors ~nd ~wigas, hereby ooven~nts ~nd agree~ to ~nd with said MortgaRee. his legal representatives. ~ucce~sore a~ assigna: 1. To pay dl ~nd einRuler the principal and interest and the varioue and sundry eums of money peyable by virtoe of uid promissory note. •ced thie matg~ge. each and every, promptly on the days respectively tl~e same eeverally beeome due. 2. To p~y all and singular the tues, e~ses~menta, levies. liabilitiee. obtigat'aaa and inrumbnaoea of every aature •nd Icind now on said dexribed property, sndlor that here~fter may be impo~ed. suffered, plac~ed. levied or asseesed thereupon, end'or that }:ere~fur may be levied or essessed upon tAis mortgage and/or the indebtedness ~scvred h~eby, e~ch and every. when dne and payebk according W law, bsfore t6ey become delinqueot, ~nd before any interest sttaches or any penalty is incnrred: •nd in ~o t~r as aay thereof is of record the ~ams sl~D bs proinptly satistied snd discharged ot reoord snd the original official document tsuch ~s, tor instanoe, tbe t~ eeosipt or the satisfact'an p~per officially endor~ed or certifiedl sball be pLoed in the hands oi ~aid Mart~ges wkhin te~ days ne:t ~fter p~yment: snd in the event that any thereot is not so paid. wtisfisd and disc6~r~sd. pid Mortgagee may at any time p~y the seme or ~ny part thereot witlw~t waiving or ~Hecting any a~ption. lisn, equity or right under or by virtue ot thia mortgage. and the t~U aawant of e~cA ~nd every such p~yment sha11 b~ immsdiately due ~nd p~yabk and shall be~r iaterest from the date thersof until paid at t6e nte oi ten per osnWrn per ~nnum ~ud together ~vith such interest sha11 be securec! by t.l~e lien of tlais mortgage. 3. To place and continuousiy kesp oo the bnildings no~r or here~ft~ sitwte on said W~d fire and windstorm iniurance in the usu~l standard policy form, in a sum not kas than the amount due htreon. in such oompany or comp~nies ~i may be approved by said Mortgaaee: ~nd all eueh insur~na polides on aay ot said b~ildin~t. any interert therein or psrt thereof, in the aggregate eum aforesaid or in e:ceN tlienof. ~tuli contain t!w ua~l ~tandard mortgagee etause maicing the {os~ under said policies. e~c6 ~nd every. P~Yable to said Moctgagee a~ 6i~ iatere~t mar appe~r. and e~cb ~nd every such policy ahall be promptly ddiv~ed to and held by ~aid Mortp~c and. not le~~ tl~an ten day~ in adv~aoe of the ezp'v~tion ot s~eh policy. W deliv~t to said MoK~a~ a e~e~wd thereot. together with • reoeipt for the premium of such r~snswd: and thre~s shaU b~ no weh fosu*~na PVod on ~ny ot said buildings. aay iaterest tMrein or part thereol. unk~a in th~ fo~ and wit1~ tM ba paya6is u afore~aid: and ia the eveat any ~um ot money bewmes p~y~bk undsr aub poliey or potk~ia~ ~~-n~dj wid Mortp~ ~ - ; - ~ . " Received s ___l r ~ u 3_In P~yrMnt Of TvoM ' •.i . - - ' 8001(~VeJ PAGE oue On C~ass •.C•. ~ntanpiDlePsr~onaiProp~r~? • ~ . ~ ~ . ~ u~suaM To Chepter 71, 134, ACts Qfj1~71. - _ s.~>~.e: ~ . . _ . n n. O ~ ROGER POiTAAB , . _ _ _ . . . - , cM.?~ ~hcuit _ .