HomeMy WebLinkAbout0290 . liti
. . . . . . - 1..3~`'• . ? `i. _
t . . ' . . . ~ . ~ . _
QUII.DING "C" t3 ~
~ . . _ 450433
THIS I~tORTGAGE O6ED. mads snd e:ecuted tA~ ilthday ot N~V' 19 78
b~ Rti~ald_~. Totty and Shirley J. Totty, h1s wife of 548 Oak Ridge Dr., Indialantic,
FL. 32903
beroindtM cdled th~ Mortga~. w~hieh term ~A~l1 includ~ tb~ b~ira. icgal eepres~atatives. ~ucee~sors and ae~iseu
ot the ~aid MoKg~gor ~rherave~ the rnn~e:t ao requirea or admits. -
w TUltTI.E REEF ASSOGIATES. INC., P.O. Box 618, Jeaa~a Beath. FL 33457
hereinattee caUd'ths Moctg~g~s. r.hieti tsrm shsll inciud~ tl4~ auccesaors ~nd
aaid 1?tortgage~ ~rherevsr th~ coateat so require~ or admtts. u~~ ot t!u
WIT~IESSETII: '!"!ut ior deve~ good ~nd vatuabl~ coa~id~ratioaa. and al~o tu tonaideration ot th~ ag~re~at+~ sum
named iu ths prombsory note ot eveo date hmwith A~eirutter described, tb~ said ~tortg~g~o~ doq henbp
gran~ ba~gain, ~se4 aWu. remi~a relcaae, coav~y ~ed contina unto tl:e aaid I?lortaage~, hia l~sirs. wcon~oes and
aastga~. ~U the eert~iu plece.... parcd.... or- tr~K.... ot l~nd, ot w~ich t6e uid Mortgagor L aow sei:ed and
pos~eased and inactud po~.+eaaion, aitwta ia the County of 3t. Lucie ~nd State of Flodda. desccibed u eo0owec
:
; Unit Neeks 46 ~ in Condaninium consisting of
Apartment Number , and its undivided share~of the comnon
elements of Turtle Reef Condominiums 1 as such is described in the amended
" ~ Master farm Deed as recorded in O.R. Book 256, Page 235. •
~ This is a purchase money mortgage.
It is further ~greed bet~resn the p~rtias to thb mortgag~ tha~ in a~dditio~ to tb~ tetma u~d eandttio~s set
out herein. it • c~nwpanes s6ould bs made br tDs Mortga~or ot ths precnias~ herein desa~'Dsd. o~ ~q~r part
thereot, wnthout first obWning both the rrrittea camsent oi the lwlder hereot, and an assumptan oI tl~
~ obligaQioo. in writing. b7? t6s new propo~ed Orante~. then. aad in thai even~ at tbe optioa ot tb~ boWer ba'~o~
r s^ witho~ue notice, all sum~ ot mon~y aenired hersby sLall. immediat.etp ud oonaQrea~r wr~th ~uch oonw~?anosr booms -
t ou uch
~ o^. ~ due aad payabL and a~id Not~ and Mortgsgs s~ll 6s in d~fanlt.
1n HAVE AND TO HOLD Ws same, togetlNr witli aII and
; o H s
i
n
g
t
il a r the tenements. ttet~editamenta and a~
~y purteaanoes thereunto bdongin8 or in any~rt~s appataining aud t6e reveraion and reversiona remaiader ~ad re-
~ a< 3 aoain~t~. renla. iswea ~nd profits tliercot and also alt t!a eKata~ *i8hc. dtla iaterdt, ProP~Y. P~• elaien and
? m~ 4~ demaod ~r6aboener u well in Iaw as ia equity o[ the aald Mortgagor iu and co the same and every part and
~ e~ P~ tbsreot unto th~ said Mortgagee, and his heirs. suaesaora and asaigne. in tes donple.
o~'s Md xud Mortgsg~or. for blm~alE. and hie 1~eirs. Isgal rap~ee+ntativea. succes~ors and as~igas. hersbr canvenants
~ 2~° i - wit6 said Mortg~ges, bis Aeirs. legal rcprexatative~. suceeswra and a~signs, that said Moctgagor iu indate~s~ty
~ ~ ~eised of said lnad in fee aimpla that the e:id Mortgagor hu tull power and lawtul right to convey t1H same ~ fee
~ simpl~ afores~id: thd it shsU be Iwwful for said Mortgagse. hii heirs, legal represantatives. ~ncces~ora and assigns.
o ~ Ilt all t3mes peaOS~bly atid quletly to entei u hOld. OcYu
pon. py and enjoy said land and evecy part thereot;
H a that sald 4nd ta f~ee [raa~ all incumbranoex that said Mortgagor. 1w heirs. kgsl teP*exntative~. wcYessaa and
j~ assigns wn'il mslce weh fnrther assnrances to p~teet tM tee simple ticle to said laad in ~aid Mrotgagw.
~ e~ bis heIrs. kgal representativea. succesw~s and wsigns, as may reasonaWy b~ required: and that aaid Mortgago:
~ does benby inUy ~rarrant the tide to aaid land and ~veqr part thaeoE and w~71 defend ths same agaimt tbs
~ 4wfiil eLims of dl perrons whomsoeva.
R
F
~ It is understood tbat ~uh ot the word+. ••note••. •'mo~tgagor" and "awrtgagee" respcctively ind tlu prcacwns
~ refaring thereto. whethar in the ainguLr or plnnl anywhen ia thi~ moetg~ga. siull be siaguLr it a~ onlp and
j shdl bs plurat joh,dy and .everally. if more chan a~. and sLall bs maee,iline, te,ninins and/or nsncer. wbersvet -
P the o~t~zt ~o impL'~s or ~dmita.
~ And ~aid Mort
gagor to~ bimselt and hie heirs. kgal r~prp~tative~. n~oceno'~ aad a~sigas. beesby oovenanta ~od
~ ~gres~ to and with sdd Mort~a8~es. 1d+ legal rsprs~atatiws. aaea~ors ~ad aaign~
1. To pay dl and ~inguLr the principd ~nd int~eat and th~ variaoi and snndrr sums of money WY~bb bY .
virtus oi ssid promiasory note, and this awrtgag~, e~ch and every. pmmpilY oa tbe daya respeetivdr the sarn~
~ ~ severalty bxome due. . ~ #
sI3 1
. Z. To psy aU ~ad singular the ta:e~, a~asments. kvies. liab~itia. ob4gations ~~d incumbrances ot wery j
~ asture and kind now on said dexribrl P~P~Y• and/or that Sereafttr tr~ bs im
a or auea~ed thereu and/or that hecratter ma 6e levitd or as~eed u y ~~f
~ p~~
Pon. y pon thL saortgage and/ae ths indebf~dnes~
i t t secvnd hereby. euh and every. ahen due and pa~nble atcording to lnw, betors they beoome delinquedt, ~nd
u
betare ~ny interest attacbes or any peualty is ineurred: and in w tar as any thereot ts of reooed tbs eam~ slul! b ~
``t prompdy eati~tied and dixharg+ed oi record and the osiginal oificial docvm~at Isuch as, [os lastana, tb~ taz
~t :~-~=1 reoeip2 or the aatistaetion p~per officieUy eodorsed or eerttfi~dl shaU bs pLeed ia the 6and~ ot uid Mortgage~
~
1r wttlJn ten day~ aut after pqrmwt: and in ths event that any thersot i~ aot so paid. ~atisfisd and diecharged,
~ aaid Mortgages auy st ~ny tims pay the aaros or ~ny part tbereo[ wnthont wsiving or ~Keetias. aa~ vPtmn.
n
~ hea, e9ntcy o~ r~~bc onder or by v~Tcue or ch;s morcgage, ar~d the iul! ~moont ot eacb aad every such payment shall
~ bs irnmediately due aod p~yabls and sfiall bear interut fro:n ths dats the:ro! natu paid at ihe rate oE t~en per '
? oenturn psr annum aad togetbes ~vith su:h interat sh~U be setured br the lieu of this mortgags. '
e ~ _ iti ~
8. To plaee and oontinuouely keep an ths bu0dings now or hereaftec atwte ou said land Hre and ~rind~Wrm '
. i~ ~nA~° jn the uarwl standud pot;cy form. in • aum not kss than tbe ~nrount dus Aereon. in wch company ~
or tompaniea es ~o.y be approved br aaid MoKga~.c and alf wcl, insu~na polictn on anr oi .ajd bn~d;~sr .,qr ~
. ~ G t interest thereia or part thereot, in the ~agreg~te wrn ~tore~aid or in ~cess tAsreot, ~haU eontaiw tM uwal .
~tandard mortgagee el~ns~ enakjng the lox under ~aid polides. each ~nd every. piyabls to said Mort~agw y lii~
E 6stere~t may appe~s. a~ e~eh and svery euch poliey ~haU bs pcomptly deliveeed to aad 6sld b~ ~aW Mortp~ • ~
xt t and, eot k~a thaa tea d~ri in advance ot tht espiratba ot e~ch polley. to dsliv~r to uid Mortga~ a e~o~~1
~ thereof. togetber ~rith a»csipt tor the prrmiuw ot ~uch narwal: ~od th~ ~fial! b ao web tawnmee pi~ed ~
~ on aay ot s~id. buildie~s. ~ny int.srest tMrein o* put t6~reot, ud~u ia tM foim ~nd witb tM bss payabb a~ '
flore~aid; and in tf?~ ev~nt ~nr ~um ot noau~? beoomu papa~b undK such poL'cp os policiea u~d sJd bfort~a~ ,
E - r
~ ` ~°312 2
c00!~ PAGE QO _ ~
. ~