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Home My WebLink About0214 ~ 3~59`~,5 6UILOING "D" ~ ~ f~ THIS MOR7'GAGE D~FD, made aod e:ecuted the __~_day ot January , 19 78 by Joseph P. Rathbun and Barbara A. Rathbun, his wife of 1555 Perkins Ave., N.E., Grand Rapids, Mich. 49505 Aersinaher ealbd ths Mortsagor. whieh teRn shall include tl~e heirs: legal repress~tative~. suteawn and assigeu ot the said Mortgagor wherever tl~e conte:t so requires or ~dmits. ' • to TURTLS REEF AS.SOCIATE3. INC.. P.O. Eio: 618, Jensen BwcA, FL 33457 hereinatt~ calkd the Mortg~gee, which term ahaU include the successors and ~saigns ot the atid Mort~ges wherevar the conte:t so requires or admits. . WITNESSETH: That tor devers good ~nd valusbk cooaid~ations, ~nd ~4+o in consider~tan ot the ~ggreg~te sum naMed ia the promissory note ot even date here~vith hereioafter de~cribed, tl~e said MortgaRor does hereby gra~t, bugsin, seU, alien, nmix, releaae, convey and confirm unto the said tifoetgagee, his heiro, suooeaso~ and aspi~as, aU the certain piece..., parcel.... or trect.... _ of land, ot ~rhich the said Mortgagor is now esized and pos~ased and inactusl pos,e~sion, aituste in the County ot St. Lucie end State ot Florida, described ae tdb~rx ~ :J N ~ ~ ~ A~_0.1923 % 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 - mo 3 Coqdominiums 1, recorded in Official Record Book 263,' Page 2002, subject to 7D~ diyestment as set forth in said Master Form Deed and upon such divestment an ~n~erval ownership consisting of Unit Weeks 1,49,50,51,52in Condominium D-14 , ~ ~@ ~ coASisting of Apartment Number D-_ 14_ , and its undivided share of the 17 d.coamon elements of Turtle Reef Condominiums 1, as such is described ~n said 23 ' ~ Nf~~ter Form Deed. This is a purchase money mortgage. J .It ia further agreed bet~reen the partiea to thi~ mortgage that, in addition w the term~ and cQnditions eet g}G herein, it e conveyance ahoutd be mede by the Mort~gor of the premi~es - A~ein described, or any part thereof, without first obtaining both the written conxnt of tl~e holder hereot, ~nd asaumption of ttis obligatan, in writing, by the new propoaed Gnntee, then, and in that event, at the option of the lalder I~ereof, witAout noEice, ell aums of money sacured. hereby ahdl, immed'utely aad concurrently with such coaveyaac~, beeome due and p~yabk and said Note and Mortgage ahall be in deisult_ TO HAVE AND TO HOLD the same, together writh all and aingular the teaements, hereditaments ~nd ap _ purtenancea thereunto beloaging or in eny~vi~e appertaining and the reveruon end reversiona, rcmaindet and re - maindere, reats, issues and profits thereot and al~o all the estate, right, titk, interest, property, posseasion, cltim aad demand wh~tsoever ss weU in lew ss in equity of the said Mortgagor in and to the ~ame ~nd every part and " parte! thereot unW the said Mortgagee, and hie heiro. ~ucteseora and aasiqn.+. in fee ~iropk_ And said Mortgagor. for himselt, and hie heirs, kgal representative~, succe~ors and aasigns. hereby oonvanants nith eaid Mortgagee, hia heirs, legal reprexntative~. ~uccessora and auiqns, that eaid Mortgagor is indefeaaibly aeised of said land in tee aimple: that the said Mortgagor 1ue tuU power end lawhil right to coavey t6e sacne ia fee simpk as ~foreeaid: that it ~haU be le~rful far aaid MortRaqee. Ais heirs. legsl representatives, succeseore and s~igns. ~t all timea peac~bly and quietly to ente~ upon, hoid, occupy aad enjoy aaid land aad every part tbereof: that said land is free from all incumbrances: that said Nortgagor, hia heirs, kgal representativea, succeasors ud assigna, will make sueh further a~~urances to perfect the fee simpk title to ssid land in s~id Mrotgagee. his Aeiro. kgal represent~tives. sttccessore and esaigna. as may reasenabty be required: and that said Mortgagor doe~ hereby tutly werraat the titk to ~aid Iend and every part thereof and will defend tbe aame against the ~ lawful claima ot aU peraons whomsoever. ~ [t i~ underatood that esch of the word~. "note". "mortgagor" and "nwrtgagee" respectively and the pronouns ~ referring thereto, whether in the singular or plural anywhere in thi~ moetgage, ahall be~ingulu if oae only and shall be plural jointly and severally, if more than one, and s6all be masculine, feminine sndlor neuter. wherevec the coute:t so implie~ or sdmits. And said Mortgagor tor himselt and his heiro. kgal representatives. suocessore and aasiqns. hereby rnvenants and agreee to and with said MortgaRee. his legal representativea, successors and asaigns: l. To pay aU and singuler the principd and intereat end the varioua at?d sundry auma of money peyable by . virtue ot uid promisaory note, and this rtartgage, each snd every, promptly on tl~e days reapectivdy t6e same xveraUy become due. 2. To pay stl snd singular the t~es. asse~smenta, kvies, liabilities, obligation~ ~nd incumbrance~ of every nature end kind noer on said dexribed property, and/or that hereafter m~y be imposed, softered, placed, ievied or aa~e~sed tbereupon. and~or that h~fter may be kvied or asseaeed apon this mortgage andlor tbe ind~btedi?ess secared hereby. each and every, when due ~nd psyabk aocording to law, betore t6ey become delinquent, and before aay interest attaches or any penalty is incvrred: and in so tar ~s any thereof is of reoord the sams ehall be promptly satisfied and di~cAarged of reoord and the original official doenment lsuch aa, tor instanos, t6e t~ rsosipt or tbe satuf~ctan paper otficially endoraed or certifi~dl shall be plaoed in the 6ends of nid Moctgagee w~t6in tea d~ys ae:t after payment: and in t6e- event that any tl~reof is not so paid, satisfied and discharged. said Mortgagee may at any time pey t6e same or eny p~rt ther~eof withot~t wraiving or affecting any option. lien, equity or rigfit ua~r or by virtue of tt~is mortgage. and the [uD ama~nt of escb and every such psyment sh~11 bs immediately due and p~yable and ah~ll betr interest from tbe date thereot unW paid ~t the rate of ten per ceaturu per eenum and together with aach interest slWl be aeeured by tbe lien of this mortgage_ 3. To place and continuously keep on t6e buildings aow or hereafter ~twte on eaid land fin ~nd windstorm insur~nce in the usual standard poliey [arm, in a eum not less tlun t6e amount due hereon, in such oompsny or eomp~nies aa may be spproved by said Mortgagee: aad all sucL insunnoe polides on any of said bu~7dings, any interest therein or part thereot, in the sggregate snm aforesaid a in e=oess thereot, sh~U oontain t6e wwl st~ndard mortg~gee claux mdting the los~ uader said policies. e~ch and every. P~Yabk to aaid Mortgagee as hi~ intere~t msy appear. and e~eh ~nd every euc6 policy shaU be pt+omptly delivered W md held by said Me~tga~ - ~ and. aoc kss than ten days in adv~noe ot che s~intion of e~ch pdky. to ddiv~r to said b[atp~ss a no~wd tl~ersot. Wget6er with • rsoeipt for ths premium oi such renewal: and tMre shaU bs no sach ins~ranos pl~e~d on ~ny ot said buildings. any interest therain or part thereof. unlea~ fn t6~ form and with tbs ba P~Yabis u ' atorewid: and in t6e evsnt any wm of mo~sy beoomes p~yabk under snch poliry or po4cia ~nd said Mortaa~ . - ; : ~ Recshred • ~ In Psym~nt 01 Taxe~ . 0~ Due On Cbss ••C•• Intsnpibls P~rspn~l Propsrtr ~ ~ . 6U12K ~ pu~suarn To Chaptsr 71. 134. A~cts Oj~ta71. _ - , ~ ~ • . ~ AOGER POITRAS ~S , ~ CIK1~ ~i?Wit CouA. S~ lucis. C~.. F~ ~ ti - _ . . : ~ ~ _