HomeMy WebLinkAbout0784 ~ - a
, BUILDING "C" 454`710 ^ / ~
. ~S
~ 5th November 78
~ • TH1S MORTCiAGE QEED. muds ~od e:ecuted th~ d~r o~ 19
by Lucian W. Vest and Anna Ruth Vest, his wife of 2610 Nilmette Ave.,
Titusville, F1. 32780
herein~iter e~Ued ths Mortgagor. wrhicA tvm shaU includs tbs Aeirs, kRal repreesntatives. succes~on and as~igeu
o[ the asid Mortgagcrr ~rhersve~ the eon:ext ao ~equirea or admita.
to TURTLE REEF ASSOCIATES, 1NC., P.O. E3ox 618, Jenaen Beach, FL~ 33457
hereinatterceUed't1~e I?tortgages. ~rhich term shell includ~ the succe~ao~~ aad asaigna ot t1u
said I?toetgsgee ~vherevs~ tAs eontext ao requires or ~dmits. ~
WIT~IESSBTH: That tor deven good and wluable ton~ideratioa~, ~nd ebo in con~ide~atioo ot tht ~ggteg~b a~
rumcd in the promisaory note of eve~ date herew~ith hereinaiter dexribed~ ths said I?ioetgagor doe~ hereby
gran~ bargaia, ~eell. a4en. remix, ~elease, convey ~nd confitm unto the aatd Mortg~ge~, hia Dsirs. wotes+o~ aad
~~aigna, aU t!?e eMaia piece.... pe~cel.... or tnct.... of land, oI which t6e said Mortgagor is aow seized and
po~se.+xd and insctu~l po»e~sion, ~ituete in the County ot St_ Lucie ~nd State of Florida. dexrIbed ~a fdbwx ,
Unit Weeks 48 in Condominium C-15 consisting of
Apartment Number C-15 t
, and its undivided share of the comnon
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elements of Turtle Reef Condominiums 1 as such is described in the amended Gj ~
Master Form Deed as recorded in O.R. Book 256, Page 235. • 1
This is a purchase money mortgage.
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n It ia further agreed between tha perties to this eaortgsge thd, in addition to ths. terms and conditiona aet
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thereof, ~rithout firat obtainiag both the wrrittea consent of the IwWer hae~sat. ~ad an assumptioo oi t6ts
obligation. in writing. by the neu propo~ed Grantes. then. and in that even~ at ths option oi t6~ 6oldee 6eieo~
without notice. all sums ot money sec~red hereby ahaU. immedistety and ooneurr+rat}p with such oonvey~ncs. beoom~
_ dus ~nd p~yabb and s~id Note and Mortgags s6~ll bs ia defanl~
= , = 7~0 HAVE AND TO HOLD ths same~ togetha with sD and singuLr the tenements. 6ereditam~ats and a `
~purtenance~ thereuato belonging or in ~nywt~e ~ppertaining and the nwer~ion at~d rever~ions. remaiader and r~
~ ~mainders. rents. issues aad protits thernoE and also aU the estate, right, title. iacerpi, pe+npeety~ po~x~ioA, ~Li~n ~
: _,demand ~r6at~oever as weU in law a~ in cquit}? of the said Mortgagor ia and to the same and ev~y part and
s a percel thereof unto the said Mortgaqee, and hu heirs, succea~on ard a~~ign~, in tee simple.
~ u And esid Mortgagor. for hi~elf, and his heir~. bgal repnsantatives, ~uaesson and aasigns, h~eby eonvenant~
w~ith said Mortgsgee. 6i~ heirs, legal reprrxntetive~, auceesson and assigns, that said Moetgagor i~ indelwsibly
~ ~ c ~ seiud of said land in fee simple; that Rhe said Mortgagcn has fuli power and lawdd right to conve~? the same in fee
~ p ~ simple a~ a[oresaid: that it shall be laa?ful for eaid Mortgagee, his heirs, legal reprexntuttvss. succe~eora and as~igt~.+,
~ at all times peace~bly and quietly to enter upon. hold. occupy and enjoy said land and every part tbereut;
¢ p ~ tAst said land is tm Erom all incumbrance~; that said !?iortgagor. lsia 1~eirs, kgal reprexnEatives. tutcessors aad
aesign~. wn71 make such turther a~aurance~ to pertect the tee simple title to said land in said Mrotgagee,
hia heirs. legal reproxntstivss. eucces~or~ and a~igna. as may reaeonably bs required; and that ~aid Mortgagor
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; dce~ hereby fully ~rerrant the title to said land and evecy part tliereof and w~1 defead tAe sama ~gainst the
i 1ewiW cLima ot all persons whom~oever.
It is understood that each of the word~. "note". ' mort r" and •'mort '
f referrin thereto, wrhethu in the ain lar or lurv aa hete in this mort •~~uv~y ~d t}u pronouns
, 8 8~ P ~ S~S~. s1uU be singular iE ons ody ~nd
shall be plural jointly and sev~ally, if more than one, end ~hall bs masculina teminius and/ar neater. w6ersvet
~ tDs contert so implies or admita.
' And said Mortgsgor tor 6imselE and hia heira. kgal repres~atatives. snocesso's and assigas, 6ersb~ oovenants and
ag~ees to ~nd ~?ith said Mortgagee. his legal npr+essntative~. suocesaors and a~rigns:
1. To pey all ~nd singular the principal and intereat and the vuioa~ and eundry sum~ .oi moaey payabls by _
virtue of eaid promis~ory aote, and thi~ mortgege. each and every. promptly on the days respectively the sam~
severally become due.
2. To psy aU and aingular the tazea, a~ae~~ments, levies, liabi7ities, obligationa aqd incumbrsncq of every
mture and kind now on aaid deecribed property, nnd/or that Dereaher mey bs impoaed, suftered, placed. kvied
s or as~ea~ed tfiereupon, and/or that hereafter may be levied or a~se~eed upon t}us moKgege ~ad/or the indebtednesi
~ eecured hereby, each snd every, when due and psyable according to lew. before they beoome delinquent, uid _
before aay interest ettachea o~ anr penalty i~ incurred: and in ao far a~ any thereof ia ot recotd t6e sams ahall be
~ promptly ~ati,fied and diacharged ot record and the original otfidal documeat Isuch ae, for instanc~ ths tas
receipt or the eatiataction papet of~ciaUy endorsed or certifiedl ehall be pleced in the hnnd~ oi said Mortgagee
; within ten dnye next after paymeat; and in the eveat that any thrreot is not eo paid, satufied and dixharged,
~ said Mortgagee mny at sny time psy the eamc or any part thereof without wrsiving or attetting, any option.
$ liet~, equity or right under or by virtue of thi~ mortgage, and the full smount ot each and every sach payment ehall
a bs immediately due and payable and ahnU bear intere~t hom ths dat~ thereof unt~ paid st ths rste ot tea pet
~ centurn per ennum and together aith euch intereat shsll be aecured by tAe Gen of this mortgage.
~
~ 3. To place and continuouely keep on tha bu~7ding~~noa or hereafter situste on said land fire and ~rindstorm
~ iruur~nce in the uyual ~tandard policy Eorm, in a sum, not le~s than the amount due hereon. in such tompany
~ or compenie~ ae mey be approved by said Mortgagee: •nd all auch insuranos policies on any oi ~aid bu~dings, any
intere~t therein or psrt thereot. in the oggregate aum •lore~aid or in ezcssa thereof. shdl eont~in ths uiual !
~ standard mortgeqee clause malcing the b~• unde~ ~aid policie~, cach and every. psyable to said Mortgagss a~ hb ~
, interest raay appear. •ad esch and every euch poUty ehaU be promptly deGvend to and 6eld by ~aid bioctg~gs~ • '
•nd, not leae than ten d~ys In advance of the s:piretion of eeth poticy. to dsliv~r to ~aid Mortga~ a ta~wal !
thereof. togetl~er ~rith ~ receipt foc the promivm ot ~uch renewal: and thae ~ha11 bs no sucb iasursncs plaeed
on any of ssic~uildings, ~ny intarest th~rein or pRrt thsrsot, unlea~ in tbs fona ~ad rrlt6 ths loas ~y~bk ' I
• •toresafd: and in the event •ny sum of tnansy hecomes payable under rucA policy or po6cies and saW 4lortgsge~'
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~1~~~3~2 P~~E 782
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