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Home My WebLink About0794 t . ~ . . t;UII.UING ~~c~~ 450'714 ~ ~ Tf[IS ~tOR'fGAGE DEFI). mudn a:d c:ecut.d the -21Std~y ____~Ct. 19 78 • dy___pQt~glas H. Walker_and__Virginia M. Walker, his wife of 423 St. George Ct., Satellite Beach, FL. 32937 ; ~ereinatte~ cslled the I~tortgaRor, w:~ich tt•rm afis:l includa ths F.eir~, Ie~al rcprua.rntative~, sutte~eots and ~ssign~ , of the ~aid !?tartg~gor ~rherever the c~n~cat w require~ o~ admita, _ to TURTI.£ REFF ASSOCIATES. 1\C., P.O. F2ox 61A. Jen~en Beach, FL 33437 hereinatter called'the 1~1ort~~~. which term ~Aoll include ths succe~~o~a aod ~saigna of tht ~ said ,t~rt~egee ahe~eve~ the conteat sn requiro~ or ~dmits. / ; ~ ~YITtiESSETN: That tor de~er~ ~oad and vafuable ton~iderationa, and slw in coneiderstion of tht ~ggregat~ anm ~amed in the promia~ory note ot even date herewith hereiaafter dexribed, the aaid I~tortgagor doea he~eby ~ grant. bergain, veU. atien, remi~e, releaae, canvey ~nd conGrm uMO the a~id Rtortgsgee. hia Sein. suoetaaora at~d a»ign~, aU the eertaiu piece..., percel:.., or t~ac~... of land, ot r~+hieh the uid I?tortgagor ia now seited and ; po~x~xd snd Inactusl po»eaaioo, situote in the County ot St. Lucie and State ot Fbrida. desrn'bed as tolb~vx ; Unit Weeks 38 and 39 in Condominium C-16 consisting of ~ Apartment (Vumber C-16 , and its undivided share of the conmon elements of Turtle Reef_Condominiums 1 as such is described in the amended Master Form Deed as recorded in O.R. Book 256, Page 235. • This is a purchase money mortgage. . It b furtfier agreed betaeen the pertie~ to this mortgage that, in addition -0o the term~ and tonditiow set ~ ~ ont herein. it a tonveyance ahould be made by the biortgagor of tl~e premi~es herein dexn'bed. or u~y part 1= tbereof. witl?out first obtsining both the ~vtittea conseat of the ~holder hereot. and an aa~umption ot thia $ ~ obligation. in writiug, by ths ne~r proposed Gsantee. then. and in that event. at the option oi ths holder bereot. ~ 'thout notice, all auma ot monsy secwed hereby sha11. immed'utely and concurnntly ~vith auch eonvsyanc~ beroms ~ ~ due ~nd payabte and aaid Note ~nd Mortgage sh~ll be in detad~ - . 1~0 HAVE AND TO HOLD the eam~ together wich a1t and singular the tenements, hereditament~ and a~ S'i ~ ~puttenance~ thereunto ~ belonging or in anywiee appertaining and the rever~ion and rever~ions, remainder and te malnde~a. nnt~. bsues and profits thereoE and alw al! the estate, rigfit, title. interes~ property. po~se~~ion, dairn and ~ demand wrhat~oe~er aa aeU in Isar a~ in tquity. of the said Mortga~ar in and to the ~eme ~nd every part and ~parcd thereot unto the said I?iortgagee, and hi~ beira, auccee~s and aseigne, in fee aimple. ~ And said Mortgagor, for him~elf, and his heits. bga! tepresrntative~, succe~~ora and a~aigoe. hereby convenant~ ~ ~vit6 ssid Mortgagee. his heirs. legal repre~entative~. sueee~son and a~igne. thst aaid I?iortgagor b indefeaabty stiud oi said lend in fee aimple: that the said Mortgagor haa full power aod laartul right to convey tAe same in t~-~e ' aimple a~ atoresaid; that it ahall be lawful for aaid Mort~agee. his heire, legal reprexntativea. aucceseor~ and a~.sign~, ~at a11 times peacesbly and quietly to enter u~wn. hold. occupy and enjoy aaid land and every part thereot; ~ that said land ie iree irom aU incumbrancex t6at ssid Mortgagor. hi~ heir~, legal reprcxntative~. succe»ors aad ' ~ ~asaign~. wn'll make snch tnrther assuranca to perfect the fee simple titk to aaid land in anid Mrotgagee, his heirs. kgel reprexntatives, sncce~.wr~ and a~igns. •s may teaaonably be required: and that said btortgagos I f doe~ hereby lully wrarrant the title to said land and every part thercof and will defend tDs same againat the ~ lawiW claims ot all person~ whom~oever. I j It is undentood that each of the word~, "note". "mortgag~or" and "awrtgagee" reepeetively and the proRwun~ I teferring the~eto. ~vhether in the ~ingutar or plurel any~vhen Ia tl?iw mortgage, shall be siagular if one on]y and # st~1t ~ ptu~.l ~otnetr an~t sevually. if mora than ona aad shall be maeculine. feminins and/or nsvter~ wheraver ~ tbe contezt so uapliea or adants. And said Mortgago~r ior himaelE and hia 6e~rs kgal repre~entatives. svoc+eseors and ~s~igu~. barsbp oovenaats aad ~gree~ to ~nd ~vit6 said Mortgagee. hi~ legal reprassntative~. eueceasors and ae~igns: 1. To pay all ~nd singular the principal and intereet and ths variou~ and aundry sume of money pnyable by virtue of esid prote~fs~ory note, and thi~ mortgage, tach and e~ery, promptly on the days tespectively the same ~ severally become dua 2. To pay aU and singular the tnxes, asxa~ments. levies, liabilitie~, obligation~ ar~A incumbrance~ of every ~ nature end kind pow on aaid de~cribrd propertp. and/or that hereatter may M impoxd'. suifered. plated, levied ~ or aa~eaxd thereupon. and/or thet hereatter mey be levi~d or a~eeesed upon thie mortgege and/or the indebtednt~~ ~ eecured hereby, each and every, crhen due snd psyeble eccording to lnw. befoze they bscome delinquen~ end • betore any interest attaehes or •ny penalty ia inturred: and in ao [ar •a any thereof is of record ths same ahsll bs ~ , prompdy ~ati~Ged and d'ucharRed of record and the originat of ~cis1 document (such ae. tor instancr. the taz f ~ receipt or the sstiafactioa paper ofticiapy endor~ed or eertified~ shell be pleced in the band~ ot said Mortgagee t ~ within ten dsys next aiter psyment; and in th~ event that any thrroof is not eo paid. sati~6ed and dixhu~d, ~ ~ said J?iortgegoe may ~t aay iime psy the eame or any psrt thereof without waiving or atfecting; any option. ~ ° lien, equity or rigfit under or by virtue ot thi~ mortgage. and the full amount ot each ead every auch peyment ahall ~ r f be tmmedietely due and payable ~nd ~fioll bear interest trom the date thecroi unt~ paid at the rete ot ten per ~ ~ eenturn per ennum and together with eu:h intereat sheU be secvred by the Uen of thi~ mortgage, 3. To plece and watinuouely keop on the buildinga now or Aercafter situate on said Isnd Cve and windstorm ~ in~urance in the u5ual stendard policy form, in a sum not lea~ thnn the amount dus hereon. jn iuct~ compaoy or wmpsnie~ ae mny be ~pprovcd by aaid biortgages: and all such insurence policiea on sny of ~aid btu'lding~. any , Intereat therein or psrt tfiereof. in tf~e sggregate sum ~fore~aid or in excesa thereof. ehell eontain ths usual ~ stendard mortgsgee elau~s m~lcing the b~~ under aaid poGcie~. each and every~ pnyable to said Moetgsges aa ht~ ! intere~t may ~pprar. and tach and every auch poL'cy shsll be prnmptly deliverrd to ~nd held by ~ald I~fort~gee; • •nd, not lr~e t6~n ten d~ys in advnnce of the e:Qiration ot eath poticy. to deL'ver to said Mortgsaes a rensxal , thereof, togrther with • seceipt for th~ premiu~a ot sueh rrnewd: and thero ~hsl~ bs no ~ucb fnsuru?es pLc~d ~ ; on •ny of seid buildings, aoy tntareet tharein or paet thereof. udeas ia ths form ~nd witb ths bss pay~ble a~ ' ~ •tore~td; end tn ths event any eum of moaey betome~ payabts under iucA policy or poGctes and utd biortgag+e~ i - ~ a~~x3~.~ pacE 79~ ; . - - - .