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Home My WebLink About0799 . ~ _ / . BUILDING "C" 454`716 I'1~ ` 1 . THIS MORTGAGE n6F.D, mada and executed the ~th day ot NOV. 19 • by Reese H. Walker and Doris 6. Walker, his wife of 8761 SN 21st St., Miami, FL. . 5 hereinaite? ceUed the 1?tortRaRor, which term el~sU intluds tbe heirs, legal reprenantativea, sucer~son and sssigni of the ~aid 111ortgsg~or ~rherever tAe con:ext ~o tequirca or admit~, - to TUftTLE R~EF ASSOCIATES, Ii~C.. P.O. E3o~ 61A. Je~xn Beach. FL 33;57 he~einatte~ called' the 111ortgaRea?, which te~n shsU include ths sutcea~ora and ssaigna ot the auid rtortgagee wherever the context so rcqui~e~ or ~dmits. W[TtiESSETlI: That tor dever~ good and valueble conaide~ation~, and aiw in consideratioa o[ th~ aggcegats ~ named in the promi~aory note af even date herewith hereinafte~ dexribed, the aaid Moetg~gor doea berebr gra~t, bargain, veU, ~lien, remix, relcax, tan~ey ~rd conC~rm u~to the aaid I?toctgages, hi~ l~eira, sutte~aora and ~»ign~, aU the ee~t~in piece..., pnrcel.... or trsct.... ot land, ot s+tich the uid Mortgagor ia aow xised and pos~eased and inactusl poexa~ion, aituste in the County oi St. Lucie snd Stste ot Florid~. dexribed ~a foUowx 17 in Cond. C-7 and Unit Neek~l7 Unit Weeks in Condominium C-16 consisting of ~ resepctively Apartment Number C-7 ~ C-16 , and its undivided share of the common elements of 7urtle Reef Condominiums 1 as such is described in the amended ~laster Form Deed as recorded in O.R. Book 256, Page 235. • This is a purchase money mortgage. e. It i~ turthcr agreed betweee the perties to this mortgage tha~ in addition to the tetma uid conditiona set $ ~ out herein. if a oonveyance should be made by ths Mortgagor of tAe premi~ herein dexdbed. or ae~r part H ~ thereoi, without ~rst obta~niag both the ~vrittea oonsent of the holda bereot, and an asaumption ot t~ ~ obligation, in writing, by ths ne~r proposed Grantes. then. and ia that event. at the option oi t6~ holder bereoi. ~ ~~vithout notice, all suma oi monsy aecured 6eoeby sball. immediately and ooncurraidy ~vith euc6 oonvsyanoe. beoome ~ ~ due ~nd payable and said Note and Mortgage e1~aU bs ia defaol~ t3 TO HAVE AND TO HOLD ths same, together witD aII and singular the teaements. 6ereditameats and a~ j ~ ~ pcrtenance~ thereunto , bebnging or in ~nyar[~e appertaiaing and the rever~ion and rever~ions, rem~inder ~nd re ~ mainders. rent~. issues ~nd pro~ts the~eof and also aU the eatate, right, titla, intere~t, property, po~xs~ioA, clai~n and ~ demand ~vhat~oaver ~a well ia law as in ~uity ot tDe seid 1?iortgsgor in and to the ~ame ~nd every part and ~ parce! thereof unto tLe said Mortgaqee. ~nd his heira, sutcwsors and ~e~i~u, in fee aimpk. And aaid Mortgagm. for himaelf, and hi~ heira. legal repreeantatives, succe~sora and a~signs, her~eby rnnvensnt~ writh said Mortgagee. hie heira, legsl repnxntative~, aucrneon and as~igns, that said I?iort seised oi aaid lend in fea aim !e: that the aaid Moirt 8°8~ indefeeaibly p gagor hne full power and IewfW right to coavey the same in tee • ~ ~ simple ae aforesaid: thet it ahall be lawful ior eaid Mortgagee, his heirs, legal reprrsentativea, aucce~~ors and as~ign~, ' at aU time~ peatesbly aad quietly to enter upon, hold, occupy and anjoy said lsad and every part thereof• i ~ that ~aid land i~ iree trom all incumbrances: that eaid Mortgsgor. hia heir~, legal repre~entatives, sucuasors and ' ~ ~ as~ign~, w+ill malce sucb turther assurac~ce~ W perfect the tee simple tide to said land in said Mrotgagee. ' 1w heir~, legal representativea, aucce~~or~ and assign~, as may reasonably bs required: and thet esid biortgagor dcee 6ereby luUy ~rarrant the title to said lsnd and every part thereof and w~l detend tAe same againat the ~ lawful tleima of dl person~ whomaoever. ~ It ia underatood t6at each of the ~vord~. "note". "mortgagor" and "~aortgagee" reapeetively urd tM pronouns { tt(erring thereto: ~rhether in the ~ingul~r or plnral aaywhero in thiu mortgage~ shaU be aingnlaz if one only and ~ ahall be plural joindy and severally. if more than ans, and shsll be masculine. feminins andlor neuter. wbe:sver ~ ths conte:t so implies or ~dmits. And said Mortg~got tor him~elf and hie hein, kgal repre~entativs~, tuoc~essois and auigns, basby oovenants and agrees to and ~?itl~ said Mortgagee, hi~ legal rrpreaeucativee. auoceseors and a~igar. 1. To pay all and singutar the principal and intere~t and the varioue and eundry sum~ of awney psyab4 by , virtue of said promisaory note, and thi~ mortgags. wch and every. promptly on the days reapectively the ssme ~ severally become dus. 2. To pey all and aingular the t~es, aases~mente, leviee, liabilities, obUgation~ ac~d incumbrsnce~ of evee7r ~ nsture and kind aow on eaid de9cribed pmperty. and?or that hereaher msy be unpoxd, suf[ered, pleted, ]evied ~ or asseaxd thereupon, and/or thet hereafter may be levi~d or esx~eed upon thie mortgnge and/or the uidebtednws eecured hereby. each and every. when due and payeble according to 4+w. before ihey became delinquen~ and ~ before eny intereat attache~ or any psnalty is incurred; and in so fer •e any therrof i~ of reoord tl?e sams shall be ~ promptly satisCed and dixharRed of record and the original official document Ieuc6 as, tor jastance, the taz receipt or the eatistaction paper otficiaUy endoraed or eertifiedl shall bs plaeed in the herd~ of ~aid blortgegee ~ within ten deys ne:t after payment: and in the event that any thrroof ie not so paid, sati~fied and dixhuged. said J?tortgegee msy at sny time psy the same or any part thareot without ~raiving or atfect[ng~ any o~tion. ~ lien, equity or right under ot by vi~tue of thi~ mortgaqe, and the full amount ot each and every euth peyment shaD - ~ be immediately due aad psyable end afiell bear intere~t frnm the data thereof unt~7 paid at the rate of ten per ~ centurn per ennum and tog~ether with euch intere~t ehaU be secured by tAe 6en oi thi~ mortgage. ~ 3. To plece and continuouely keep on the buildings nov? or hereafter eituate on said land fue and wrind~Wrm ~ ; ineursnce in the uyual standerd policy fornn, in ~ sum not lae then the amount dus Aereon, in such oompany ~ or wmpsnie~ s~ msy be ~pproved by aaid Mortgages: u?d all such inauraaoe policies on ~ny oi said bu~dings. any 1 ~ intere~t thetein or part thereof, in the aggregete aum aforesaid or in ezcesa thereot. shdl oontain tbs u~ual ~ ~tand~rd mortgegee elau~e malcing tfie loa• under said policie~, each and every. peyable to ea(d Mortgages aa hli ! intereet mey ~ppe~r. ~ad each and every such poGcy s6a11 be promptly deliver~ed to and beld br ~ald Mortgagss~ • •nd, not le~e thsn ten daya in advance ot tAe espIratlon ot eech poUcy. to ddivsr to ~aId Mortgaaes a teaswd thereof, .together ~vith a teceipt tor tA. p~nium ot such tsnewal: ~nd Wece ~h*11 bs no sueb Easw~anes plaoed on •ny of said buildings. •ny intercet thaein or part theroot, unls~~ in ths form Rnd with ths bss p~yabk a~ ' I ~foresaId: and in the event •ny sum ot money becomss payabls under such policy or poGcies u~d said ~lortgage~ ~ ~ ~ "x 312 P~~E 797 ~ BJ7 ~