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HomeMy WebLinkAbout1167 44'73'71 • BUILDING "D" THIS MORTGAGE DEED, made and executed the lstday of ~ . 19 7g_ by M_M_~,aoPr#en~r; and Nancv S_ Eaertnn_ his~yife of 1301 Beacon Hill Lane. Knoxville, TN. 37919 hsrsittattsr called the Mortgagor, which term shall include the heirs, legal repreeeatativea, sucussors and assigns of the said Mortgagor wherever the Conte:t so requires or admits, to TURTLE REEF A3,SOCiATE3, INC.. P.O. Bo: 618, Jensen Beach. FL 33457 hereinafter called' the Mortgagee, which term shall include the successors and assigns of the said Mortgagee wherever the Conte:t so requires or admits. WITNESSETH: That [or devers good and valuable rnnsiderations, and also in considentign of the aggregate cum named in the promissory note of even date herewith hereinafter dexribed, the said Mortgagor does y grant, bargain, sell, alien, remise, release, convey snd confu~rrt unto the said Mortgages, his hefts, attcoesaorsnd assigns, all the certain piece..., parcel.... or tract.... of land, of which the said Mortgagor is now seined possessed and inaetual possession. situate in the County of St. Lucie and State of Florida, described as to .g. 1 Unit Weeks 11 and 12 in Condominium D-12 - consisting of Apartment Number D"12 and its undivided share ~ ~ of the common elements of Turtle Reef Condominium I, as such is ~ ~ described in the Master Form Deed, recorded in Official Records g.~-,~. ~ ~ ~ 263, Page 2002. This is a purchase money mortgage. Q ~ ~ = _ it is further agreed between the parties to this mortgage that, in addition to the terms and conditions x~ out herein, if a conveyance should be made by the Mortgagor of the premises herein described, or any par{ i ~ thereof, without first obtaining both the written consent of the holder hereof, and an assumption of this -obligation, in writing. by the new proposed Grantee, then, and in that event, at the option of the holder hereof, -without notice, all sums of money secured hereby shell, immediately and concurrently with such conveyance, become .due and payable and said Note and Mortgage shall be in default. ~ r'~r. TO HAVE AND TO HOLD the same, together with all and singular the tenements, hereditamatts and ap- = purtenancea thereunto bebnging or in anywise appertaining and the reversion and reversions, remainder and is tnainders, rents, issues and profits thereof and also all the estate, right. tick, interest, property, possession, c4im snd demand whatsoever es well in law ss in equity of the paid Mortgagor in and to the same and every part and parcel tlxreof unto the said Mortgagee. end his heirs, successors and assign+. in fee simpk. And said Mortgagor, for himself. and his heirs, legal representatives, successors and assigns, hereby tbnvenante with said Mortgagee, his heirs, legal representatives, successors and assigns, that said .Mortgagor ie indetessibly . seised of said land in fee simpk: that the said Mortgagor has full power snd lawful right to convey the same in fee simpk as aforesaid: that it shall be lawful for said Mortgagee, his heirs, legal representatives, auctessors and assigns, at all times peaceably and quietly to enter upon, hold, occupy end enjoy said land and every part thereof; that said land is free from all incumbrances: that said Mortgagor, his heirs, legal representatives. successors and assigns, will make such further assurances to perfect the fee simpk title to said land in said Moogagee. his heirs, legal tepresentetives, successors and assigns. as may reasonably be required: and that said Mortgagor does hereby fully warrant the title to said land and every part thereof and will defend the same against the lawful claims of all persons whomsoever. s t It is understood that each of the words. "note". "mortgagor" and "mortgagee" respectively and the pronouns referring thereto, whether in the singular or plum! anywhere in this mortgage. shall be singular if one only and shall be plural jointly and severally, it more than one. and shall be masculine, feminine and/or neuter. wherever ~ the Conte:t so implies or admits. 9 ~ And said Mortgagor for himself and his heirs, legal.reptesertatives. successors and assigns. hereby covenants and agrees to and with said Mortgagee. his legal represeritstives. successors and assigns: 3 1. To pay all and singular the principal and interest and the various std sundry sums of money payable by q virtue of said promissory note. and this mortgage, each and every, promptly on the days respectively the same 4 severally become due. i 2. To pay all and singular the tares, assessments, levies, liabilities. obligations snd incumbrances of every .nature and kind now on said described property. and/or that hereafter may be imposed, suffered, placed. levied or assessed thereupon. sndlor that hereafter may be levied or assessed upon this mortgage and/or the indebtedness secured hereby. each and every, when due snd payable according to law, before they become delinquent. and before any interest attaches or any penalty is incurred: and en so tar as any thereof is of record the same shall be promptly satisfied •nd discharged of record and the original official document Isuch as. for instance, the tar receipt or the aatiafsction paper officially endorsed or certified) shall be placed in the hands of said Mortgagee within ten days ne:t after payment: snd in the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the same or any pert thereof without waiving or affecting any option, ~ lien, equity or right under or by virtue of this mortgage. end the full amount of each snd every such payment shall be immediately due and payable and shall bear interest from the date thereof unfit paid •t the rate of ten per upturn per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and continuously keep on the buildings now or hereafter situate on said land fire and windstorm insurance in the usual standard policy form, in a sum not less than the amount due hereon. in such company or companies as may 6e approved by said Mortgagee: and all such insurance policies on any of said buildings, spy a interest therein or part thereof, in the aggregate sum aforesaid or in a:use thereof, shall rnntain the usust standard mortgagee clause malting the lose under said policies, each snd every, payable to said Mortgagee as his v interest may appear, and each and every such policy shall be promptly delivered to and held by said Mortgagee: and, not less than ten days in advanu of the aspiration of each policy. to deliver to said Mortgages • reoswd z thereof, together with a tetxipt for the premium of such renewal: std there shall bs no such itisurattu placed on any of said buildings, any interest therein or part thereof, unless in tbs form and with the bas payable as aforesaid: and in the event say sum of money becomes payable under such policy or policies and said Mortgages , J 3~R~.310 >>a~;116? j