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Home My WebLink About0961 i BUILDING "D" ~1~0 13 THI3 MORT(iAGE DEEO, ~ds ud e:ecuted the 2Othd~y ot Sept. 19 78 ~y Michael J. Reynolds and Karen C. Reynolds, his wife of 2505 S. Plantation Dr. Melbourne, FL. 32901 • i . 9.~ Mninaft~ ullsd el+~ Mortsa~. which urn? sliaU includs the heirs. kgal repreNatativea, suoaa~on and usige~ ot ths iaid Mat~agor wAereve~ ths eorte:t so requirea or admits, ~ I' to TURTLE AEEF A3.SOCIAI'B3, INC., P.O. Bo: 618, Jenxn Beach, Fi. 3315? I~aceinafter eallsd' the Mort~gee, whieh term shall inctnde tbe sneceesora and assigna oi the said Mortaages wherever the eonte:t so requires or admite. WITNE3SETH: Tfiat to? deven good and vduabb oonside:ations, a~d alao in ooneid~atiQn of the aggregate a4m named in the promissory note ot even date herewith hereinatter described, tl~e eaid Matgagor does hereby grant, bargaia, seU, aliea, remise, releess, rnnvey and confirm unw the ~aid Mortgages, 6is heir~, sucoeasoro and ~saans, aU the ca~tain pieee..., parcel.... or t~act.... of land. ot wAich the said Matgag~or is now seir,ed and possessed and inattual posseasion. situate in the County ot St. Lueie and St~te ot Fiorid~, describetl As fA~~~wr.Y. ~ Uni t Weeks 27 and 28 i n Condomi ni um D-25 consisting of Apartment Number D-25 and its undivide~ r_ of the common elements of Turtle Reef Condominium I, as such i; described in the Master Form Deed, recorded in Official Reco~::- 253, P~ge 2002. This is a purch~se rr.oney mort;age. It ie tartAer agreed between the psrtie~ to thia mortRage that, in addition to the terms and condit~c:u out harein. if a conveyanee ahould be made by the Mortg~gor ot the premisas herein dexribed. or any ~r , thecaot. without first obtaining both the writtea consent ot t6e hold~- 6eeeot, and sn aaaumption of t:.~s o6Ug~tion, ia writing, by the new proposed Gru~tee, then, end ia that ~vent, at the optaA oi the soldu i~eof. witlant notiee. dl sums of auoney secured hereby aha4 immediately and rnncurrentty writh auch oonveyanoe. beoome - dus and payabis and said Note and Mortgags shall be in default. ~'l~ HAVE AND TO HOLD the same, together with all and singolar the teaements, her~ditaments ~nd a~ ,.i p~t~goes thereunto bebnging or ia ~nywi~e ~ppert~ining and the reversan aad reversiona. remainder ~nd re m~oderi, rents. issuea ~nd profits thereof and also dl tl~e estate. right. titk. interest. P~oPeiLY. P~~ claim and J ~nd whatsoever ~s weU in la~r as in equity of the said Mortgagor in and to tbe same and evety part and t6eroof unto the said Mortgagee, and his beiro, suecesaore and ~saigtu. in tee aimpk_ = x-~ And wid Mortgagor. for himself. and hia heira. legd repre~snt~tive~. sncce~ora and assigns, I~ereby conveaants ~ ~ eaid Mortgagee, his heirs. legal repre~entatives. succesaors aad aa~igns. tls~t said Mortg~gor is iadefe~iWy ' ~lsd pf s~id 4ad in (ee ~impk: that tbe e~id Mortgagor has tu0 powes and lawfiil rig6t to rnnvey tbe ssr~e ia fee { ~ple ~s ~foresaid: that it shall be lawdul for said Mortgagee, his beirs, legal representatives, suceessors and as~i~qns. ~ ~t~all ;tia~es pe~te~bly and quieily W enter upon. hoM. oocupy and enjoy aaid land and every psrt tr.ermf: th~ stid land is tree from dl in~umbraaoes: that said Mortgagor. his heie~, iegd npresentatives. euceeaeors and - j as~ns, w~71 make eueh furtl~er aasunnas to perfect the tee simpk title to eaid land in said Mrntgagee. E !u'~ Ife~is, kgal represent~tives. sucoe~sore ~nd aaaigns. aa may reasonabiy be required: and that aaid Mortgegor ~ ' doee lNreby fuUy warrant the title to said" land and every part thereof and wiU defend t6e ssme aqsinst the j l~wful daims ot all peraone whomsoever. ~ It is understood that e~ch of the word~. ..note,. .•mortgagor•. and •.matgagee.. respectively and the pra~oune ~ referring thereto, whether in tAe ~ingular or plunl anywhere in this mortgage, shall be singular if one'only and ~hall be plural jointly aad severally. if more than one, and s6a11 be ~a~eeuline, feminiae and/or ne~t~, wherever ` the eonte~ct so implies or admita. And wid Mortgagor tor himseli and his heirs. kgal repreeertatives. auoceesors and assigns. henby eovenante and agrees to and wit~ said Moctgagee. his kgsl representatives. euccessors and aesigns: 1. To pay all and aiagular the principal and inten!at and the varions ud sundry aume of mo~y pey~ble by virtue of aaid promissory note, and tliis mortgage. eech and every, pranptly on the daye reepectivdy the ssme xvenlly boeome due. 2. To p~y aU ~nd singular the t~es, aasesamenta, kvies, liabilitiee. obligation~ ~nd incumbnnces uf rvery nawre aad 'kind now on eaid dexribed pcoperty. and/or that l~ereatter may be imposed, snHered, plaeed, levied or aeseased thereupoa. ~nd/or that h~eafter m~y be levied or assessed upon thie mortg~g~e and,'or the indebtedness seeured hereby, e~eh and every, when d~ ~nd payabk ~ccording to 1~w, befare t6ey become delinquent, end before any interast .cacbes or .nr ~cr is ~nc~r~a: ~nd in so tu ae eny thereof is of record tl~e esme eEal! be ~ ~ ~ penmptly satisfied aad discharged of recard aed the original ottui~l document IancA as, for inatanae. the taz p ~ ea~o~ipt or the s~tiefattion p~per offici~lly q~dorsed or certifiedl siull be pl~oed in the handa of aaid ~iort~st;ee ~ 3 • within teA days ne:t after p~yment: ud in the event tlut any t6ereot is not so paid. sati~fied and dixharged. ~ said Mortgagee may at any tiaie pay the e~me or any part tl~ereof without waiving or sffecting any opii~a ~ ~ lien, equity or rig6t under or by virtue ot -this mortgage. and the full amoant ot eacA and every euch payment shall A= ~ bs immedLtely due and p~y~bk and aliall bear interest from the date thersof until paid at the rete ot tea per ~ oenturn per annum and together with eoch interest shall be secured by tbe lien of this mortgage. m~ - ~ ~ ~ ~ ~ V~ ~ 3. To pl~ce ~nd contin~ely keep on the buildinga aow or here~tter situate on s~id land fire and windstorm ~ a e iasurante in the usua! st~ndard policy form, in a eum not kss than the aa~ount due hereoa. in ~uch oompany ~ 3 ~ or oompanies as may be approved by said Mortgagee: and ~11 such insnnnce poticies on aay ot said buildings. ~ay ~ interest therein or part thereof, in t6e aggregate sum aforesaid or in eueas thereot, shaU contain tbe us+W ~ ~ ~ ~tandard awrtgagee clause malcing the 1os~ unda said policies. eaeh and every. p~Yabk to said Mortgagee as his ~ ~ interest m~y appear. aad e~ch ~nd every such policy s6all bs promptly ddivered to and held by aaid Mortgagae: ~ Q and, not less th~n ten d~ys in advanee of t6e e~iratan of e~cl~ policy, to deliwr to ~aid Mortga~es a reae~d thereot. toget6er with a reoaipt tor the premium of such renew~l: and thee~e sl~ll bs no euch inausance pta~ .~Y1 ~ ~ on any ot said buildings. any interest thereia or part thereot. ueless in tbs tocm and wit6 ths bee pay~ble T~ • ~ ~foresaid: and in the evsnt any ~um ot mooey beoomes p~y~bk ander soch poGey or polieies and said Mort~-s~,--~c . , v ~ O` ~n1. ~ _ r. . ~s-~_~ . . . - _ . . ~ f- ~ ~ ~ .w:,_~, . . - . .r-p:~.__-~_ _;~_w_.~.~,.