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Home My WebLink About0417 a~ . . . , w _ f 'O' ` ' ~ ~ 4~0~484 . THIS MonTaA(3a nBSO. m.a..na .s~cuc.a cM „~a.r ot 19 .Z~----- . Arthur L. Scholz and R. Idalee Scholt his wi e of 541 Ca ri Road ocoa Beach, L 32931 b.nin.tca cvl.dt cA. l~[o~tsagor. •?~kh c.rm .h.n inctua. cA. e«ur.. legal ren+~ati.?... woa..on .nd .~o. ~ tM Mid Mortpaa wb~nver t6s ooota:t so requirM o~ admita. to 'NATLB RSBF ASSOCIAT88. INC.. P.O. Boz 618. Jensen Be~cb. FL ~,34b7 ~ . r.. 6~niaaft~ caUd' tb~ Uiata~w. ~rbkh t~en sh~ll iaeluds ths suooeMOn aad aKi~ ~ t6~ Mid Mo~t~ ~•heesv~ the ooatest so e~equtre~ or admtt~. ~ ` O ; Wl'i'AIB33F•TH: Tb~t tor dsvers 8'ood ~nd valuabis oonsid~atdoas. and dso in oonsideration of t6s ~egat~ snm nan~ed ia ths promia~ay nots of svea d~te be~ewith bereibafter de~aibed. t~s ald 6[at~aaor does benbp Rant. b~rpin. sdl. alieo. temi~s. releave. co~nvey aad confirm unto tb~ s~id MataaRew hi~ 6eir~. wiooeMOn and a~' dl t~e a~t~ia Pisc'a.... paroel.... ac tract.... oi 1and. ot w~ch tl~e said l~tartg~ is naw ~ei=ed ~nd ~ po~d ae~d in~etusl po~session. situate in the County of 3t. l.u~i~ aod 8tate ot Florida. dMaib~d w tolbw~ ~ ` 7~ ~ ~ ~ p 0.0~64 96 undivided tatereat in fes simpk ab~olute as teoant in oommon in tbs .eertain re~i pcopertY deecribed in ths am~ded blutar Form Desd ot 'lbrtk ~ o~~ ; N Re~t C~domininms 1. reeorded in O[Kdd Record Boolc 468. Paga Z36. ~nb,~eet to . divesta~ent as ~st torth in s~id Ma~ter Foeen Deed and upon such dtv~eat • an ~ ~`3 int~vd owaership ooa~idia8 of Uait wseks in Condomininm . o~~ Q ~a'.•z ~ } ' ooa~sisting of Apartment Nnmber()..j~.. ud its undivided slwe of the oomnwn elemeats . i~ c, ~ ot '11utk Reef Condominiums I as euc6 is described in said amended Master Fam Deed. o a m~ ~ ~ y ~ ~ i 1'hia is s pnrc6ase aaney mortgsge• ~ ' ' It is turth~ agreed betMreen t6e parties w thia mortgage t~t, in addition to the terms and oonditions set T ont he~sin. if a oonveYa~e sbouW be mede by the MaRgagor of the premisss 6erein described. or ac~? part t6ereof. withonL &st obtaining both tM writteQ ~t of t6e MWer here~f. and u? assumPtion d this ~ ~ o b H g a t i o o. in wri t i n g. by tbs ~+r proposed Grantee. th~. ~od in that even~ si the option of tLe bolder hee~eo~ E ~ wlthont notioe. a11 sums of moaey seaued hereby aha11. immediatelY and ooncurrently with snch oonveyanos. bsoome - dns wd PU~able and said Note and Matgage shall bs in defeult. TO HAVB AND Td NOLD tLs same, togethsr ~vith all and singulu the tenementa. berediNments and aP purteoaooM there~mto bebngiag or in enywise appertaining and the revereion aad e+sverdons. remaiodsr and rs mainders. ret~ts. issues and profits thereof and also all t6e eeRate. right, titja intereat: property. pos~ssion. cWm and ~ deco~nd whatsoever ss wdl in law aa u? eqnity of tite ssid Mortgagor iu and W tbe sams and every part and paroal t6eeeof nnto t6e said Mortgagee. and his heirs. suc~sso~s and asaigos. in fee simpb. And pid Moctsag~or. for himeelf. and hia heire. legal eepreseutatives. aacceaaors and aasigns. h~ereby ooovaoanta ; wlth s~id Mortgages. his beirs. legal ropc~sentatives. succ~sors and aaaigns. that said Mortgag~or is indefe~biY ; seised of aid land in fee simple: that t6e s~id Mortgag~or has fiill pow~ and Iswfd right W co~nvey t6e eame he fes ; simple u~foreeaid: that it e6all be Lwtul tar aaid Mortgagee, 6is heire. legal repreeentative~. snoosssors and as~i8os. _ at dt timss pe~eeaWY ~ 4~Y to enter npon. hold. oecupy and enjoy ssid W~d and every p~rt tLeeeof; ~ t6at a~id lanid is iree tmm all incumbranoe~ that said Mortgagor. his heire. legal rap~esentativaa wooesso~s and assigos, will make eoch furt6a asaa~ranoes to pertect the fee simple tit3e to said land in said Mrotg~ges. ' his 6eirs. 1e6a1 repreeentativea. eucoessore ~nd aaaigne. as may re~sonabiy be reqaired: and that eaid Mortgagor - , does hereby tnity watrant the tltle to said laud and every part ther~of and will defend the eame against the lawfnl claims of all peteons whomsoeva. ~ It is und~stood that each of the words. "note... ••mortga8or.. a~ ••mo~tga8ee•• respe~ti~e17, P~~ ~ re{erring thereto. whether in the aingular or ph~ral anywhere in this mortgsge, eball be aingul~r if ~e ody and f shall bs ptnrd jo;ncly ana sevenuy. if more th.n one, ana shell be masailine. teminine .nd/or neucer. ~vhe~ever ' t6e ooatest so iaopliea or edmits. ~ E And said Martgagor f~ himself ~nd his 6eira. legal rep~entatives. a~ooeseors and aaeigns. 6~ebY oovenants and agrees W~nd with said Mortgagee. hie legal representatiyes. aucceasore and assi8ns: • 1. To p~q aD and singular the prmeipd and int~ and the various and auadry bnme of moneY P~Y~~ b3' , j virtne of said promissorY note. and t.~ie moetg~ge. eac6 and every. prnmptly on tba days respectivdy the sams ~ seve~aDy beoome due. . Z. To pay all and singular the ta:ea. assesaments. levies. liab~7itiea obliBations and incumbranoes of every natare and iand now on eaid described Pr+opertY. and/or thst hereaftar msy ba imposed. wffered. pl~oed. Ievied ar t~sesasd thereupon. aad/or tlut h~r~fter may be levied ar assessed upon Lhis mortgsge and/or the indebtedness ~ aeeured hereby. each and every. w6ea due and paYabk aooo~din8 to law. before t}~er beoome delinqueot. and : ~ betors anr iaterest attac6es or ~ny pmaky is iacnrred: and ia so far as any t6ereof is of rei.~oed the t~me ~hdl bs i ~ ~ prompt~+ satisfied ~nd discharged of reoad aud the or~na~ offi 'c~l document Isneh as. for instano~ tbs taz # ~ rraipt or the patiefaetion p~per ofticially endorsed ar c~tified) sh~ll be pl~oed 'm the h~nds oi said Moetsages wk6ln teo day~ wzt akx paymeat; and in t6e event t6at any t6er~eoE is not eo paid. satiafied ~nd disc~rged. ~ qid I~Iortg~ges may at any tims pay the aame ~ eny p~rt C6ereot ~vithout waiving or aHeetin6 ~Y aP~• ~ heo. equttY or rig6t nnder ot by virtue of this mortgage. aad tbe full amount ot each and every auch paymeat shaII ' ~ b~ immsdLt~ely dns and papabb and shall be~r inte~est from the dats t6~reof until paid at the nte of ten per t~ c~wrn per annum ud togat6er with such interest ehall be aea~red by tbe lieo ot this mortgags. i ~ 3. To pl~os and oontinuoasly kesp on t6e bu~7din8s now or 6ereaftet aiwate on said land fire and windstorm `s E insuranoe in ths uaual staadard policy form. in a eum not iess than tbe amount due hereon. in such ~anY ~ or companiee as may be appnved by sdd Martgage~ and all such insuranoe poBdes on any ot said b~ilding~. any interest therein or part tl~ereof. in t6e aggregate wm afo~esaid or in ezoess thereof. shall oantain t6s'nnW s~ad~rd moet8sgee clause m~ng the bse ander said policies. e~e6 and every. P~Yabls to s~id Matg~~es u hi~ inLKed m~y apps~r. and e~c6 ~nd every sucb pdky ahatl bs promptlq ddivar+sd to and beld by Mid ~[at~p~C - aad noR I~a th~n teo daya in advance of t6s ezpiration oi ~ policy. W d~vre to ~aid 1[atpp~ ~~w~wd thenot. to~sth~ ~ w~ith •»cdpt for tLe pe+emium ot suc6 renew~l: ~ud tbars shall bs no wuh ~ pi~ed . ao a~ ot said buiWiags. aap interwt t6erein or p~rt ti~ereof. nnlsss m tbs form ~nd with tb~ ioM payabk u JonMid: and in tbs evant a~? wm ot mooey beoomes payable under wch policy or polfei~s aad aid ldactpge~ 312 _ PA~E 4~.5 , - . ~ , , , ; . _ . _ - - _ _ . _ . - - _ _ . _ ~ M~- _ ~..w 9e .