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. BUILO1NG D
THI8 MORTOA(ifi DBF.D, m~ds ~nd e:ecuted thsllth day of ~"~arch 1~ 78
Harold R. Plaisier and Arlene A. Plaisier, his wifg of 6772 Ashburry Ct.. Jenison, MI
. 49428
b~nina[tw ulled tM Mort~~. wQich tenn ~R~U inciude tM hein. legd eepre~sntative~. suawwn ~nd a~siao~
ot tM said Mortgagor wMrevet tAs conce:t so requirea or ~dmlte,
to TURTLE AEEF A9.SOC1ATE3, INC.. P.O. Bo= 818. Jeneen Be~cA. FL 3:~~57
MeMn~tt~r called' the Mort~gee, whkh t.erm shaU ie~clude the auccesson ~nd a~siaus of tM
~aid Moh~see wAerovaf the rnnte:t so requires or ~dmits.
WITNE3SETH: 71ut tor devers good and v~lu~bk consider~tioos, and ~lao in oonsideratipn ot the ~te~ate wm ~
tutusd in the promiswry note ot even date Aere~rith hereindter deacribed, ths sdd Mortgagor doss bKeby
Rran~ b~rgain, sell. aliea, remise. release, convey ~nd confirm unto the uid Matgaaea, hu he'vs, a~oa~sors aad ~
wisn~. all tAe certain pisce..., parcel.... or tr~ct.... of land. ot .rhicA the eaid Mortsa~or i~ now ~si~ed and
po~s~sssd and 'uuctual pwsesaion. ~ituate in the County ot St. Lucie and 4tate ol Florid~, desaibed tdbwx 1~
A 0.0769 ~ undivided interest in fee simple absolute as tenant in comnon
~_in e certa~n real property described in the Master Form Deed of Turtle Reef
Condominiums 1, recorded in Official Record Book 263, Page 2002, subject to
~ divestment as set forth in said Master Form Deed and upon such divestment an ~
interval ownership consisting of Unit Weeks 5 and 6 in Condominium D-19 ,
consisting of Apartment Number ~'ly , and its undivided share of the
comnon elements of Turtle Reef Condominiums l, as such is described in said
Master Form Deed. 7his is a purchase money mortgage. ~
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t~ is turther agreed between the psrties to thi~ mortgsge lhac, in addition to the terma and conditions set
aut herdn. it a conveyance ~hould be made by the MortgaRor of the premisee herein described. or anY p~rt
~ tbrrot, without tirst obtaining both the wrritten consent of the holdar hereot. ~nd an assumption ot thi~
- obli~ation, in writiea, by cbe new propoaed Grantee, tben, ~nd in that event, ~t the option ot tRe boWer Meeof.
t t ~ witbout notiee. all sums ot uwney eecured hereby ehall. immed'utely and concurrentty with auch eonveyance. beoome
;i dw ~nd p~y~ble and ~aid Note and MortgaRe ahall be in def~ult.
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I: ~ S~`; TU HA~'E AND TO HOLD the ~ame, together with aU and singular she tenements, hereditamsnts ~nd aR
purtenanea tAaraunW bebngiag or in ~nvwi~e ~ppertaining and tAe rever~ron ~nd revereions. retnainde~ atd r's
`-y m~iadKS, rsnts, issnes and profits the~e..f and alec? ~I) the est~te, right. titk. interc~t, property, po~aes~ion, claim ~nd
= dern~nd whatsoever as well in Isw e~ ~u ~-:uity of the said MatR~Ror in snd to the same and every part u~d
p~roel t6ereoi unto tl~e said MortRaqee, and t,~s heira. ~uccessors and as~iRn+, in tee aiinpk.
~ And ~id Mortgagor. for himself, and hia heira, iegal repreeant~tive~, ~ucce~~oro and assi~ns, hereby oonvenanta
' s ~ l I I Mortgagee. hia heir~. kgal reprexntatives. ~uteessoro and a~~ign~. th~t said Mortsasor is indefe~sibly
` m°: ~sised of aaid Wyd in fee aimpk: that the seid Mortgsgc+r ha~ fuU power sed lawfiil right to toavey the sa~ ia fes
` ~;~impls as ~%reeaid: that it shaU be Iawiul tor said Mortgaqee. hie heirs. legal representatives. suetessors and assigos.
I`. i at all times pe~ce~bly ~ad quietly to enter upon. hoW. occupy and enjoy aaid laad and svery part thereot:
t6a! aid land is free trom ~ll incumbrences: that ~aid Mortg~gor. his Aeirs. legal repnsentatives, wooesso~s aud ~ r, ~
assia~u. will make such turther assur~ncee to pertect the tee simpk titk to eaid l~nd in e~id Mrotga~ee, c c T
I his hsin. kgal t~epresent~tivea. eucce~~or~ and easiRne. as may raa~on~bly be required: aed that said Mortaagor se c
~ c, doee hereby fully w~rrent the title to said land and every part thereot and will detend tl~e same ag~inst tM i2 's' ~
lawfiil claims of all per~ons whomaoever. ~
F ° c.,
~ ]t is understood that each of the .vord~. "note". "mart~gor" and "mortgagee" respectively ~nd the pronouns o ~
~ referring thereto, w~hether in the ~inguler or plural enyw~here in thia mortgage. sMU be aingular if one only and ~
~ ~hall be plur~l jointly ~nd xverally. it ~nore ihan one, and ah~ll be maeculine, teminine and/or aeuter. wherever ~
,.H' ~~y' ~
the ooate:t so implies or admil~.
And ~aid Mortgasor tor himeeli and hia heira, legd representatives, suoceasors ~nd awigne, hereby covenants ~ad
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~gree~ W~nd with s~id MortRs~ee. his leqal repre~entatives, succe~oro and •eei(~na: T` " i
.
v~o~
1. To pay all and einRulsr the principd snd intcreat and the varioue and aundry auma ot money p~y~ble by o~~
virtue ot eaid promiasory note. and thie mortgage. each and every, promptly on the deye reepeetivdy the sams T
sevenUy become due. ;
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Y. To p~y ~ll and singular the tues, aesessmenta, kvies, liabilities, obligationa and iacumbrst~es of every
nature and Icind now+ on eaid dexribed property. and/or thet hereafter rmy be imposed. suffered, pl~oed. Ievied ~
or ~seessed thereupon, and~or that hereetter may be levied or aaseased upon this mortgage and/or t6e i n
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e s
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secured hereby. e~ch ~nd every, when due and payeble according to law, before they become deGnquent, and
before aay interest attachea or any penalty is incurred: end in so far as any thereof is of record t6e sams shall bs
promptly satisfied and discharged of record and the original official document tsuch as, for instanee. tbe ta=
~ rsaipt or the setis(~ction papes officiaUy endor~ed or certifiedl ehall be plaoed in che hands of said Mat~ge~
~ within ten days ne:t after p~yment: snd in the event that •ny theieot is not eo paid. satis6ed and dischar~d.
~ ald Mortg~gee may at any time p~y the eame or ~ny part ther~eof w~itta~t waiving or affecting any option.
~ lien, puity or right under or by virtue ot this mortgage. ~nd the tull tmount ot e~ch aad every such p~yment sha11
~ b~ ima~ed'utely due •nd p~yabk ~nd shaD bear interest from the d~te thereot unt~7 p~id at the nte ot ten per
canturn per ~nnum and together aith auch interest shaU be secured by the lien of thia mortgage.
~ 3. To pl~ce ~nd continuoosly Iceep on the buildings now~ or here~fter situate on said land fire ~nd wind~torm
~ iaiur~nee in the usu~l standard policy form. in • eum oot kss tAan the aawunt due heroon. in auch companY
or oompaniea ~e may be approved by s~id Mortgogee: and aU sueh insuranoe policies on ~ny ot eaid buildinss. anY
iatetest therein or part thereof, in the sgRregate aum ~foresaid or in e:cess thereof. ~haU contain tbe uau~l
standud mortgag~e clause m~king the los~ u~er eaid policies. each and every. p~Yabk to aaid Mortgage~ as 6i~
inten~t may ~ppsar. and e~eh and every suc~ poliey shaU be promptlY dslivered to and be{d by wid Mortp~
and, not kss than ten days in ~dvance of tl~e e:piration o! e~ch policy, w deliwr to ~ld Martir~ • e'~e~v
tbee+sot, tosether with a reeeipt tor the premium ot such renewd: aDd theea sha~ bs no web in~aos i~ad
oe any of said buildings. any interest therein or part thereot. unle~s ia tbs form and with tM ba p~yabls o
•fore~aid: and in the evsnt any ~um of money beoomes p.rabk under ruch poticy or pulicies and ~aid Mortaa~ ~
i
~ 11K
~ ~f~.~K312 p~~2~~b0
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