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Home My WebLink About0819 . ~ BUIl0IN6 D l THI3 MORT(3A(3E DEED, nude and esecuced the ~thday oi April , 19 ~9 by Hugh A. Willey and Leona C. Milley, his wife of 518 W. llth St., Traverse City, Mi. 49684 Aeeaaatter caUsd tM Mortsaaor, which tarm shaU iaclude tM heirs, kgal rop~tacivss, sueeeswrs and ~asigeu ot tbs aaid Mortgagor whereve~ tbe conte:t so requiros or admits, ' W TURTLS REEF AS.SOCIATE3, INC., P.O. Bo= 818. Jenaen Be~ch. FL 33457 ~ her~einatter called' the Mortgages, which t.erm shall include the succeasors ~nd assigne ot tl~e s~id Mortg~gee whe~ever the context ao requires or admite. WI7'NE3SETH: TAat tor deven good and valuabk considentions, end also in coasidentiQn of the ~ggreg~te sum tueAed ia the promissory note ot even date here~vith hereinafter de~cribed, the said Mortgagor does hereDy Srant, barsain, seU, alien, remise, release, convey ~nd cont~rm u~to the ~id Mortgagee, his heirs, succeesors and u~iaas, aU the tertain pisce..., parc~L. or tract.... of land, ot which the aaid Mort gagor is now seized aad poss~essd and inactu~l pw~ession, situate in the County of 3t. I.ueie and State of Florida, described aa folbwe: Unit Weeks X and 15 in Condominium 0 2 consisting of Apartment Number D 2 and its undivided share of the comnon elements of Turtle Reef Condominium I, as such is described in the Master Form Deed, recorded in Official Records E~ak; 263, Page 2002. This is a purchase money mortgage. It is further agreed between tAe parties to thia mortgage that. in addition to the terma aad rnnditione ~et out herein, if • oonveyance should be msde by the Mortgagor ot the premises Aerein dexribed, or any p~rt tlbreof, without first obtaining both the written consent of the hold~ hereoi, and an ae~mption of thia obligation, in wriUng, by the new proposed Grantee, t6en, and in that event, at the option of the 6older her+eof, without notice, all sums of moeey secured hereby ehall, immedistely and rnncurnntly ~rith auch eonveyaace, beoome due and payab4 and said Note and Mortgage shaU be in defeult. '1~0 HAVE AND TO HOLD the ume, together writh all end ~ingular the tenements, hereditaments and qa puttsnanoee theebunto bebnging or in any~ri~e appertaining and t6e ' rever~ion and rever~iona. remaind~r and r~ mainders. rents. issues and pro6ts thereof and also all the eatate. rigl~t. titk. inte~est. property. possession. claim and dem~nd whatsoever ~s weU in law as en equity of the said Mortgaqor in and to the same and every pert snd p~rcal t6ereof unW t6e ~aid Mortgagee, end his heir~. ~uccessore and a~.+igna. in fee simpk. And said Mortgagor, for himself, and hi~ heirs, kgel representative~, succe~sors and ~aaigna, he~eby oonvenants wit6 said Mortgagee. hie heir~, kgal reprexntatives, succeseore and aseigns, that eaid Mortgagor ie indefessibly ssized of said land in tee simple: that the said Mortgago~ has tull power and law~ful rig6t to convey the same in fee simpls aa ~toresaid: t6at it ~hall be law~ful for eaid Moetgag~ee, his heirs. Mgsl representativee, euccessora and asaigns. ~t all tia~es peauably and quietly to enter upon, hold, occupy and enjoy s~id land and ewry pert thereof: that said land ie fr~ trom all incumbnncea; that said Mortgagor, hi~ hein, kgal repreeentstivee, suueasors aad aasigus, will make auch further aa~rances to perfect the fee aimpk titk to said laad io said Mrotg~gee, ' hie beirs. legal reprwtnt~tives. sueceseora ~nd eseigna. as may reasonably be required: and that s~id Mortgagor ~ j doee Aeteby fully warrant the titk to said land snd every part thereof and ~vill detend the same against the.~ j l~wful elaima of all per~ona whomsoever. A I j 1t is understood tAat each of the wrorda. "note". "mortgagor" and "mortgagee" reepectively and the pronouns ~ R referring thereW, whether in the singulsr or plura! enywhere in thi~ mortqage, shall be aingular if one only and O~~ shall be plurd jointly and xverally, if more than one. and shall be masculine, feminine andlor neuter, wherever ~ ~ the oonte=t so implies or admit~. ~ ~ ~ And ~aid Mortgagor for himeelf •nd his heiro, kgal reproeert~tives, suocessors iad asaigns, hereby covenaate ~nd ~ ~ ~ ~ agrees to and with said Mortgsqee. his legal repreaentative~. aucce~ors and aaeigns: ~ ~ 1. To p.y all and eingular the principal and interest end the various and aundry eums of money peyable bq ~ ~ 3 virtue of ~aid promiaaory note. and thi~ mortgage. each and every, promptly on the days respcctively the eame ~ ~ xverally 6ecome due. • ~ ~ 2. To p~y a0 and ~ingu4r the tuee, ssseasment~, levies, liabilitiea, obligationa and incumbrances of every = ~ ~ - ce nature snd kind now on said dexribed property, andror that hereafter may be imposed, euftered, pl~ced, kvied ~ Q ~ or aesesaed thereupon, and!or that hereaher may bc ievied or •sseased upon thie mortgage and/or the indebtedneee ~ ~ ~ secured hereby, each and every, when due and payabk according to lew, before they become deliaquent, end ~ ~ before any interest ettaches or any penalty is incurred: and in ao far aa any thereof ie of record the eame ehdl be ~ promptly eatis6ed and dixharqed of record and the c,riginal official document (~ach sa. for insLnoe, the tu ~ rooeipt or tl~e aatisfaction p~per officialty endorsed or certifiedl shsll be pleced in the Mnda ot eaid Mortgsgee ~ witbin ten daye ae:t after p~yment: end in the event thst any thereof is rat eo paid, aati~fied and discburged. y said Mortgagce m~y ~t any time pay the same or eny part thereof without waiving or affecting any option. ~ lien, equity or right under or by virtue ot this mortgage, and the fuU amount ot each •ad every such p~yment ahall ~ bs im~nediately due and payabk and slull bear intenst from the dace thereof until paid at the rate of t~en pe~r K oenturn per annum and togather w~ith such interest shsU be ~ecured by the Gen of thia mortgage. ~ , E 3. To place end continuouely Iceep on the buildinge no~r or hereafter situate an said lsnd ~irc and .vindstorm t insurance in the urual stendard policy form, in a eum not less then the amonat due hereon. in ~uch oompany ~ a companiea as may be approved by eaid Mortg~gee: snd ~11 such insuranoe policiea on any of aaid buildings. any ~ interest therein or part thereot, in the aggregate ~um aforeaaid or in e:ces~ thereof. ~haU rnntain the uswl standard mortgagee clauee making the losr under aaid policies, eacb and every, p~yabk to said Mortgagee ~s hir ~ interett may appe~r, and e~ch and every euch policy sluU be pmmptly ddivered to and held by said Mortgag~s: ~nd, eot kss than ten days in advance of the e:p'vatian ot e~ch policy, to deliv~r to said Mortga~ss t no~wd tbereot, together with • reoeipt for the premium of such renewd: and tl~e ahall be ao euch insunnoe pl~osd ~ on any ot said buildings, any intereet CAerein or part thereot, unkss in tlie tomi and with ti~e bes p~yable ae ~ atoresaid: ~nd in the eveat ~ny sum oi money becomea p~y~bk un~er Nch poticy or policies and said Ma~tgagee ~ i ~ ~ B~~K ~~2 PNGE 1~ 8 ~ ;