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Home My WebLink About0839 BUIIDING "D". ~~,732 I THI3 MOR1YiA(iE DEED, mads ~nd esecuted ths l~ day ot ~ 1~ 79 ' by Shern~an H. Palmer and George Ann Palmer, his wife of 2634 Jessup Road, Cincinnati Ohio 45239 ~ l~iaatt~ ulisd tM Morta~. wliich tenn ~hall includs tM heirs. kgal eepre~snt~tive~, suoa~wrt and usige~s ot ths eaid Mortgagor wl?~ tl~a ca?te:t eo requires or admits, to TURTLB ItESF A3SOCIATE3, 1NC.. P.O. Bo: 618, Jen~ea Be~ch. FL 33457 hee~sinaQ~ calisd' the Mastsagee, ~rhich tarm shall include tl~s sueos~son aad assigns ot the a~id Mortgases wherevar ths tonts:t so requires or admite. WITNE33ETH: T6at tot dsvera good and valueble coasider~tioaa, and dso in ooasideratipa ot the aAgeegate sum named in the pronussory note ot ev~ dete here~rith hereiaafter dexribed. the eaid Mortgagor does he?eby ~raat, bugain. sell, aL'ea. remiee. rekase, oonvey ~nd confinn unW the ~aid Mortgsgee. his heire, sucoessoes aod ~ wi~u, all tl~e certaia piece..., p~rcel.... or tnct.... of 4nd, ot whieh the eaid Mortgagor is now seised and ~0~fl~~ LAd IMt~I1tI p0l~E.1alOD, sitwte in the Couaty ot St. Lucie and State ot Fbrida, desrn'bed as foUowx Unit Weeks 42 and 43 in Condominium D 27 _ ~ consisting of Apartment Number D 27 and its undivided share of the common elements of Turtle Reef Condominium I, as such is described in the Master Form Deed, recorded in Official Records Boo!c 263, Page 2002. This is a purchase money mortgage. ~ It is fiuther ~greed between the partiea w tAia mortRage that, in addition to the terms aad conditions xt~ out hereie, ii a oonveyance sbould be made hy the Moctg~gor of the premises 1~erein described, or any pert tbeteof, without first obtaining both the written consent of the holder hereof, aad an ~asumption of tbis obligation, in writin~. by t6e new praposed Graatea tl~en. and ia that event. at the option ot t6e laWer hereot. wntDout notice. all sums of money secared her+eby shall. immediately ~nd ooncurrently with such oonveyaac~, beoome due and p~yabk and ~aid Note and Matgage shall be in detault. TO HAVE AND TO HOLD the sams, together with aU and singalar the tenements, hereditameate and ~R p~ut~oances t6ereunW bsbnging or in anywise ~ppertaining and the reversion and rever~ious. rem~inder and re~ m~iaders, reoEs. issnes aad profits tl~ereot and also all the estate. rig!?t. titk. interest. P~oPa*~Y. P~~ cl~im and dem~nd wlutsoever as~ weU in law as in equity of the said Mortgaqor in ~nd to the same and every put and parosl E6ereof unW t6s said Mortgege~e, and his heira, suecessors and sseign~, in tee simpk_ And ~aid Mortgag~or. for hunself. and hi~ heiro. kgal repcessntatives. aucces~ors and assigns. he~sby oonvenants with s~id Mortgagee. his heirs. legal rep~sentatives. ~oeessors and a~.+igne. that said Mortga~ is indefeas~'bly ssised ot s~id land in fee simpie: that tbe said Mortgagor has fuU power and lawful right to oonvey the same in fee simpie as aforeaaid: that it shall be lawful tor said Mortgagee, his heirs, leg~l ~ep~esentatives, snccessors and ~saigns. ~t ~11 times pe~ce~bly snd quietly to eete~ upon, hold, oceupy and enjoy said land and every part tl~ereof: that s~id land ia free trom all incumbnnces: t6~t said Mortgagor. his heira. legal repreaent~tives, s~socessors ~nd ' assigns. w~71 malce soch further aa~uanoes to pertect the tee simpk titk to said land in e~id Mrotgagee, his l~eirs, legd represent~tives. eueoasors u~d aseigns. ~a may re~sonabiy bs required: and tlut s~id Martgagor '4 does bereby tt~lly warrant the title to said land and every part thereof snd wrill detend tbe same against the ; I~wiul daims of aU peraons whomsoever. i ~ It ia underatood that each of the worda. ••note.. ..mortgaeo~•. and ..mortgaBee.• respectively wd the pronoune referring thereW. whether in the aingular or plural enywhere in this mortgage, shall be singulu if o~ onty and ~ shall be plunl jointly aad aeverally, it more than one, and shall be masculine, feminine and/or ~ter. wl~rver . the oonc~t so implies oc~admits. And ~aid Mortgaaor for himseit ~nd his heirs. legal representatives. succee~ors and assigns. her~by oovenaats and ~ ~ ~gree~ to and with said Mortgaqee. hi~ legal repree~nt~tives. succs~ors ~nd assigns: ~ 1. To p~y all ~nd aingular the princip~! and intereat end the various and sundry eums of money peyab{e by ~ M virtue of said promissory note. and thia mortg~ge. eacl~ and every, promptly on the days respectivdy the same ~ xverally become due. g ~ Q ~ . 2. To p~y all and singular the ta:es, seeeeaments, leviea. liabilities. obligation• and incumbrancea of everysr ~ naturo and Iciad now on said dexribed property. end/or that here~fter may be imposed, sufferod, placed, levied ~ ~ or asseesed tbere~pon. •nd/or that 6~eafter msy be levied or asseesed upon this mortgage ~nd/or the indebtednese Q secvred 6ereby. e~ch and every. whee dae snd p~y~ble ~ccording W law. before they became delinqu~t, ~nd~ betore any intereat attaches or any pen~lty is incurred: snd in eo tu as any thereof ia of reoord the eame eLall be ~ 3 ~ promptlp eatisfied and discharged ot reoord and the original officW document (euch as, for instanoe, the t~Q nceipt or the eatia(sction p~per offixially endorsed or certit'iedl shall be plaeed in tlie handa of s~id Morigageet~ ~ " wiChin tea days ne:t after payment: and 'w the event that any thereof ie not eo paid. sati~ted and disch~rged.~ Q ~ s~id Mortgagee ~nay ~t any time p~y~ the aame or any part thereof ~rit6oat waiving or affecting anY optivn. ~ lien, equity or right un~r or by virtue of this mortgage. end ilee full amount oi e~ch and every euch p~yment shall ~ Q ~ bs iuunediaeely due aad p~yabk and shaU bear interest from tl~e date thereof nnt~ paid ~t the nte of tea per ~ ~ oenwrn per annum and together with auch interest s}ull be secured by the lien ot this mortgag~e. ~ 3. To place and continuouely kesp oa the buildings now or 1~ereafter aitwte on aaid lsnd fire and windstorn? ~ iniurance w the usual standard policy form, in a aum not lese c6an the amaint due hereoe, in auch company ~ or oompanies ~s may be ~pproved by said Mortgagee: and all such inauranoe policies on any ot uid buildings. any interest tberein or p~rt thereof, in the aggreg~te sum aforesaid or in ezoess thereof. ~hall oontain the uswl rtand~rd mortgagee clause m~king the los~ under said policies. uch and every. P~Yabk to said Matgagee as hi~ ~ ~ters~t uo~y ~ppe~r. aad e~c6 and every such policy shall be promptty delivee~sd w and beld by said Mortga~x aed, uot less than tea d~ys in advanee of che ezpir~tion oi e~ch poL'cy. W detiv~ to uid Matga~ • r~rwd tberwt. togetbsr with~ ~ rec~pt for the preminm ot such reaew~l: and there sLall bs no sue6 insuranos pl~o~d a on ~ny of said buildings. aay wtereet tberein or part. thereoi. ude~s in t6s iorm and wit6 the loss p~yabk ae Joresaid: and in the evsnt wy sum ot mon~y becomes p~yebk ander such policy or policies ~nd ~aid Mortg~ge~ ,i 4 ao~x 312 PA~E 837 _ ~