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Home My WebLink About0859 . ~ 45(1'740 ~ ~ ' BUILDING "D" THI3 MOR1'(zAGE DEED. made and e:ecuted the 2nd _a,y or Apri 1 19 79 br William G. Urry and Muriel Urry, his wife of R:R. 1, Ponty Pool, Ontarlo, Canada LOA1K0 b~e~einaft~ caUed th~ Mort~gor, which tern~ ~haU include tM Aeirs. le~al repressatativea, suee~ors ~nd ~ ot tM said Mortgaaor wbarsver tbe conte:t so requires or ~draits, to TURTLE ItEBF A3.SOClATE3, 1NC.. P.O. Bo: 618. Jenser Be~ch, FL 33457 heninafter called' the Mort6agee, whkh term ehaU iaelude the succsssors and assigns ot tAe r,~ said Mo~tg~ges wherever tl~e context so requires or admits. `1 a~ W[7T1E83ETH: That tor devers good and valuabk considerations. ~nd a4~o in conaid~atiQt~ ot the aggregate eum R~ aamed in the promiasory note of even d~te here~rith her~einafter deecribed. ths eaid Matgag~o~ does he~eby ~,X Sraa~ b~rgain, sell. alie~, retnise, release, oonvey and confirm unto tbe uid Mortgages, his heirs, aucressors and as~ns, all the eertain piace..., p~roeL... or tr~ct..., oi land, of which the eaid Mortg~g~w is aow seised aad possss~ed and in~etual poeeesaion, aito~te it? the County et St. Lucie tnd State of Florid~, described as foUowx Unit Weeks 19 and 20 in Condominium D-21 consisting of Apartment Number D_21 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 Book 263, Page 2002. This is a purchase money mortgage. It is further agreed between the parties to this mortgege that, in addition W the term~ and conditions eet oat beeein. if a oonvey~nce ahould be msde by the Mortgagor of tl+e pre~ni~ee herein deecribed, or any part tAeeeot, without C~rst obt~ining both the ~vritten consent of the holdar hereot, and an aaanmptioa ot tbis obtigation, in writiag, by tbe new proposed Grantes, then, and in that eveat, '~t the option of We 6oWer Mreot, witi?out notice, dl sums ot money secured her~eby shaU, immed'utely and concurrendy ~vith snch conveyanee, beoome doe and payabk ~nd s~id Note and Mortgag~e shall be in default. TO HAVE AND TO HOLD the samG together with all and aingular the tenements, hereditaments aad aR purtentnoes thareunto bebngiag or in ~vwise appertaining ~nd the revrrswn u~d reversions. remeindar and re m~indRS, rsnta. issues ~nd profits thereoi and also aU the estate. rigl+t. titk. interc~t. P~Y. P~~~ cWm ~nd dem~nd wlutsoever as weU in law ae in equity ot the aaid Mortgagor in end W the ume and _every part and parcel thereot unto the said. Mortgsgee, snd his heirs. ~uccessors and sasigne. in fee sunpie_ And said Mortg~g~or. for himseU. ~nd hi~ heirs, legal repressatative~. succe~.~oro and ~asigns. heroby eonvenaets with said Mortgagee. his he'vs. kgal represenutives. ~aceessors and as~ign~. that said Mortgagor is indefe~eibty ssired of said land in fee ~impk: that tAe aaid Mortg~gor has full power and law~ful right to eonvey the same in fee simp{e as ~foreaaid: ttut it ~haU be law~ful for said Mortgegee, his heire. leg~l representatives. suecessore aud assigns, at all times p~ceaWy ~nd quietly W enter upon. hold. oecupy aad enjoy aaid land and every part t!?ereof: t6at atid land is free from a0 inevmbnncb; that ~aid Mortgagor, hi~ heirs, legd represeotatives, eucceseora and assigus, will malce nuch further assu~~noes W perfect the fee simpk titk to aaid land in eaid Mrotgagee, hie lieirs, {ega! represenqtives. sueceseor~ and ~eaigns. e~ may reasonably be required: and that said Mortgagor ~ doee h~reby tully warrant the title to uid land and every part thereof end will detend the same against the ~ I lawful claims of all persone whomsoever. ~ j It is underataod that each of the words. "note". "mortgagor" and "rtartgagce" reapectively and the procwuns ~ ~ referring thereW. whether in the ~ingular or plunl snywhere in thi~ mortgage, shall be aingular if one onty and shall be plura! jointty u~d severaUy, if more then one, and shall be m~sculine, teminine and~or ~ter, wherever 0~• ~ the contezt so implies or admits. i . And ~aid Matgagor for himxlf and hia heirs. leg~l representatives. ~ors and asaigns. hereby oovenants and ~ ~ agrees W and with said MortgaRee. hia kgal representatives. sueceasora and ~ssigas: ~ ~ ~ 1. Ta p~y ~11 and sin~lar tAe principal ~nd interest and the variona and sundry sume of money psyebie by ~ virtue ot said promiasory note, end thia mortgage. each and every, prompdy on the day~ respectivdy the aame ~ severaUy become due. g ~ ~ ~ r 2_ To p~y all ~nd ~ingular the tues, aaseaaments, levies, liabilitiea, ob6gat'an~ and incumbrances of rvery nature ~nd kind now on said dexribed property, andtor that liereafter mey be imposed. suffered, placed, levied ~ Q~ or asses~ed t6enupon, snd~or that herdker may be levied or •ssessed upon this mortgage andlor the indebtedness p~ Q ~ secured hereby, each and every, when dne end payebk according to law, betore they become ddinqucnt, ~nd ~ betore any intereat attachee or any penalty is incurred: and in eo (ar ~e any thereof ia of record the saaoe etull be '~~°e ~ ~omptly eatisfied and di~charged ot record and the original officia! document leuch es, for instanoe, the t~ ~ rscaipt or the eatietaction paper officialty endorsed or certi6edl shall be plaoed in the handa of said Moe~igagee wkhin ten days ne:t after p~yment: and in the event that any thereof is not eo p~id. satiafied u~d diechargecl. ~ iaid Mortg~gee may ~t any time p~y the same or any part thereof writhout waiving or affecting any oQtion. ~ lien, equity or right under or by virtue ot this mortgage. and the full amount of each aad every sach p~yment sAall ~ bs immediately due and p~y~bk and shall bear interest from tbe date thereof until paid at the nte of ten per f oeuturn per aenum ~nd togethet with such interest aiull be secured by the lien of thia mortgage. ~ . ~ 3. To pl~ce end continuously keep on the buildings now or hereafta aituate on ~aid land fire ~nd wind~torm ~ insunnce in tAe uaual atand~rd policy form, in a eum not lesA th~n the amount due hereon, in such oompany Y or companies es may be approved by said Mortgagee: and all sach inaurance policies on any ot said bui3dings, ~ny _ int.ereat thenin or part thereot, in the aggregate eum aforeeaid or in e:oeas tAereof, ahdl oontain t6e wwl rtandud mortg~gee clauee making the loa+~ under said policies. ~ch and ev~ry. WYabk w said ~ Mortgagee as hi~ intere~t may ~ppe~r. and e~ch and every auch policy ~hall be promptly delivered w and 6eld by ~aid Mortga~x ~nd, not lesa than ten days in advanee of the e:piration of Mch policy. W delivrr W Nid Ma~tg~e~ ~ nerwd thereof. togetMx with a receipt fw the premium oi such renewd: ud there shiA b~ ao snch inau~noe pl~cad ~ on ~ny of said building~. any interest therein or part thereot, unkas in t6s torm and with tM bsa p~y~b7e aa atoreNid: and in ths evsnt any sum of money becomes p~yabM under wch poUcy or policies ~nd said Mortgagss v ~ s ° ~ ~~K312 PAa~ 857 ~ _ _ Y..__-..:~