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Home My WebLink About1111 qN t 5 1919 45Ubi$S • • 6UILDING D THI3 MOR7YiAGE DE~D, mads and e:ecuted the 15t~dny ot January ls ~9 by Richard P. Gregg of 15 Ridgewood Rd., P.O. Box 828,Orleans, MA. 02653 A~ninaft~ cal4d tM Mortp~. which te~m ~hall iaclude tM heirs, k~al ropre~eotativea. sutaMOn wd usi~eu ot tM said Mort~gor wAerever the conte:t so requirss a admits, w TUR7Y.E REEF AS90C1ATE3. INC., P.O. B~ 818, Jensea Be~ch, FL 33~57 Me~e3nafter eaUed' ths Mortgagee, whieh term shaU include the auccsssors and assigna ot the said Matgagee wherever tAe conte:t so requires or ~dmits. WITNE33E7'H: 71~at tor devera qood ~ad vrluebk coneideratans, and aleo in oonsidentipn of t1~e a~greq~te sum aamed ia ths promissory note ot even date herewitA hereinaft~ deacribed. ths said Mortg~gor doss l~nby graat, bug~in. seU. ~liea. remise. relesse, oonvey end confirm unto the ~id Mottgages, his heirs. saoospors ~ ~ai~s, all the eettain pisce..., p~rcel.... or tract.... of land, of which the eaid Mortg~gor i~ taw ssired ae~ possessed and inaetud poseeasan. ~itwte io the County of 3t. Lucie and State ot Fbrid~, described ~s tdb S Unit Weeks 16, 17 and 18 in Condominium D-11 a ~ consisting of Apartment Number D-11 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 Book ~ c~ ~ 263, Page 2002. This is a purchase money mortgage. ~ ~ w ~ • i~ C It is iwther agreed between the partiea to this mortgage that, in addition to the terms and conditions set ~i, c 4 v ~ out hacein, it a conveyance ahouid be made by .tAe blortgagor ot the premises Aerein described, or any p~t ~ ~ t6ereof, without first obt~ining both the written coneent of tl~e lwldar l~ereot, aud an aesumptioa ot this obligation, in writiag, by t6e new proposed Grantee, then, and in that event, -at the optan of the Mider hsreoi, n`= d a witboat notice. ail suins of money secured hereby shall, immediately ~ad ooneurr~mtly with such oonvsyanoe, beoome dus a~ pay~bk and iaid Iy'ote uid Mortgage sh~ll be in detault. ~ - TO HAVE AND TO HOLD the ~ame, together witl~ all and aingular the teoements, hereditamsnts ~nd ap~ p~utenances t6ereunto babngiag or in ~nywix appertaining and tl~e reversion aad reversions. reauinder and es mainders. rents. iasues and prot~te chereof acd also all the eetsta right. title. interrst. ProP~*iY. P~. claim and demand whatsoev~ ~s weli in la~v as in equity of the said Mortgagor in and to the same and every p~rt ~ed p~reel thereot unto t6s ~aid Mortgegee, and his heir~, auctessors and assign~, in fee ~impk. And said Mortg~gor, for himselt. and tia heir~, kgal repressntatives. ~ucceasors and assigna, hereby oonvenants with said Mortgagee, his heirs. legal repnxntative~. successors u~d a~ign~. th~t said Matgag~oc is indefeasibly ssiud of said land in fee aimple: that the s~id Mortgagor haa full power and lawful right W coavey tbe same in fee simple as aforenaid: that it s6aU be laaful for s~id Mort~gee, his heirs, kgal representatives, successors wd aseigns. at ~11 times peace~bly and quietly w enter upon. hoid. occupy aad enjoy ~aid land and every part thereof: that said land ie free from ~ll incumbr~noes; that aaid Mortgagor, his heiro, legal representatives, e~ceesors ~nd ~ssiaos. wiU make wch fiuther aas~uanoes w pertect the tee simpk titk W said land in said Mrotgagee, his lisirs, kgal r~epreseeqtivea, suecessors ~nd assigns. ss may re~sonably be required: snd that said Mortgagor dpee hereby tully warrent the titk to said land and every part thereof and w~l defend the same againat tl~e j lawtul claima of all pereons whom~oever. ~ i ~ It is understood that each ot the words. "note". "mortgagor" and "~nortg~gee" reapectively and the praoouns reterring thereW, wl~ether in the ainguter or plural anywhere in thia mortgsge. ~hall be aingulu if oae onty ~ad ' ~hall be plural jointly and xveraqy, if more than one, and ahall be mascvline, feminine and/or neater, wlwRever ` the oont~t so implies or admits. And ~aid Mortgagor [or himself ~nd hie heirs, iegal representatives, suocessors and aesigne. hereby oovenants ~nd agrees W and wit6 said Mortgagee. his Iegal ropresentatives. sucoe~or~ ~nd aasigns: 1.~ To p~y ~11 and aingular the principal and interest ~nd the varioua and ~ndry sum~ of money peyable by virtue ot said promiasory note, and this mortgage. each and every, promptly on the days respectively the s~me eevera!!y become due. 2. To p~y all and aingular the t~es, asse~sment~. kviee. liabilitiee, obligation~ snd incnmbrances ot every ~ nature ~nd Icind now on ssid dexribed property, andlor that hereaftef may be imposed, suffered, placed: levied or aasessed th~reupoa. end/or that hereafter may be levied or assessed upoe thie mortgage and/or tbe indebtednees ~ secured h~reby, e~ch and every, when due ~nd peyable according to law, before they become deW~quent, and ~ bsfore any interest attschea or ~ny penalty is incurred: and in eo fer aa any tl~aeof ie of record the sams s1rU be promptly satisfied ~nd discharged of record and the original offxial docvment Isuch as. for instanoe, tbe tu ~ noeipt ~ the satisfsction p~per offuially endoreed or certifiedl shall be placed in the Aands oi said Mortgag~es ; wittin ten days ~u:t aft~er payment: and in the event t6at any tAereof is not so paid, satisfied aad di~ch~rged. ~ wid Mortgagee may at any time p~y the same or any p~rt thereof writhout waiving or attecting any oQtion, lien, equity or right under or by virtue of thie mortgage. and the tull amount of each and every such payment a6all ~ bs i~nmedLtely due and p~yable and ehdl bear interest from t6e date tAereof unW p~id ~t the rate of ten per oenturn per ~nnum •nd together with such interest shaU be ~ecured by the lien of thia mortgage. ~ ! 3. To place ~nd continuously keep on the buildings now or here~fter aituate on eaid land Cire and ~vindstorm ' insuranee in the uswl standard policy torm, in ~ eum aot kss than the amount due hereon, in such aompany ~ ~ or companiee •s may be approved by eaid Mortg~gee: and all auch insurance policies on any of said buildin~s, uiy ~ ~ ioter~st tlurein or part thereof: in the aggregate sum atoresaid or in eioess thereot, shaU oontain the urwl ~ dandard mortgagee clause making the los~ under said policies. e~ch and every. pay~bk to aaid Mortgagee as hi~ ~ iaterert m~y appear. and e~ch and every such policy alull be pr+omptly deliveced to a~ held by aald Mo~tgs~ u~d, not kss than ten days in ~dv~nce ot che e~ir~tion ot each policy, to ddiv~r W~aid Moetp~ • r~e~wd ti~ereot, together with a receipt for the premium of such renewal: aad tlbre shaD bs no such insuranos pl~o~d on any ot eaid buildings. any interest tberein or part thereof. ude~s in tbs form and wit6 tl~e bes p~yable as aforesaid: and in ths event ~ny sum of money be~omee p~yabk under sueh poticy or policies and ~aid Mortga~ ~ ~~~'aK31? 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