HomeMy WebLinkAbout2213 e ~ 4592'71 ~ ~
UILOING "D" 1 '
THIS MORTGAGE DEED, ,Wade •nd a:ecutsd the 30 day of AU9USt ~ l9 79
by Dean R. Norris and M.arcene F. Norris, fits wife of 298 Cimarrofl Cir.,
Palm Bay, Fl. 32905
tuninatter eatled the Mortpgor, which term ehaU include the heirs. legal repreaeatativee. successors and asaigas-
of the acid Mortgagor wherever the contest so requires or admits,
to TURTLE REEF ASSOCIATES. 1NC., P.O. t3os 61g. Jensen Beach, FL ~~~57
hereinafter Batted' the Mortgagee. which term shat! include the successors and aaaigas of the
said Mortgagee wherever the contest ao requires or admits.
WITNESSIETH: That for dwera good and valuabb conaideratiaru, and also in ooasidentiQn of the aggregaq n:m
named to tla promissory torte of even date herewith hereinafter dexribed, tM said Matgagar dop herby
grant, bargain. ssg, alien, retniae. retcaae. convey and confum unto the acid Mortgages. this heirs. srroosssors and
ataigna, all the certain piece.... parcel..., oe tract.... of land of which the said Mortgagor is now seised and s
poaaaaad and iaactual poaaeaaion. situate in the County of St. Lucie and Sute of Florida, deacn'bed as tolMww
Unit Weeks 24 and 33 in Condominium 0 20
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consisting of Apartment Number D 20 and its undivided shays
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of the common elements of Turtle Reef Condominium I, as such is ~
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described in the Master Form Deed, recorded in Official Records 800!;
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263, Page 2002. This is a purchase money mortgage.
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~ It is turtber agreed lrstweea the parties to this mortgap that. in addition to the terms and conditions sd
• out herein. it • oonwyaaoa sbouW be coeds by tM Mortgagor of the peemiaas hseeia dssaib~d. or argr part
tbsrsoi. without tint obtaiaiag both the written consent of the hotels, haesot. and an assumption d ttsia
obtigatioa to writlag. by tM saw proposed Grantee. then. and is that event. at tM option of the boidae hsesoi: -
w[thout notice. erg sums of money secured hereby shall. tmmedu?tsy and eoacvrrently with such eoavsyanos~ bscoma
dw and payable sad acid Note and Mortgagor shag be is detanlt. -
~ HAVE AND TO HOLD the saw tog~sthee with all and atngular the teaarnsata. hsesditamsaea sad ap _
purtsaanoee thersrmto beboging or in anywise appsetataiag end the reversion and esversions, :smaindae sad rw
maiadsrs, ,sots. issues and profits thereof sad also erg the estate. right. title. iatereat. property. posassaio4 claim sad
drmsad whatsowsr as well in law as in equity of the said Mortgagor is and to tM satas std every past sad
pared tbereo[ unto d» said Mortpgee. and his Beira. snccesaon and assigns, is tee simple.
Asd said Mortgagor. for t:imseU, and ha heir. Isgal representatives. aucoaaora and assigns. Thereby eorteaoaats
with said Mortgsges. his 6eira, legal repreaentativss. weceaaors and assigns, that said Modgagor is iodetaaubb
aetsed of said had in tee simple: that the said Mortgagor has tug power sad lawful right tq conrsy td tams is Gs
simple as aloes;said: that it sbag be lawful toe said Mortgagee. hb hairs, legal teprsssatatiws, snaassoes and araigaa,
at erg times peaceably and quietly to enter upon. hotel. occupy sad enjoy said land sad evsq part tharaoi:
that said land is trw from erg incumbranoss: that said Mortgagor. his heirs, legal tspreasntatiws. artoassors and
assigns. wiII make such further aasuranoes to perfect tM tee simple titL to said had is saW Mrstg~gae~
his heirs. Mgal representatives. auceeaaors and aseigas. as tray rsasoaabty be ngaiesd: and that said Moetgagoe
does hereby tally warrant the titM to said land and every peel thereof sad wig defend the same against tlr
Iawtnl daiQta of erg persons whomsoever.
It is nrderstood that each of the words. »note". ••mortgsgae» and "moetgaiw» ~dYeb sad ~ 0~
referring theeato. wDsther in tM singular or plural an~?whees in this mortgsje. shag bs dngular is ores onb? tad.
shag be plural f oiatly and aerRally if more than one. and shall b maxolina~ tea aadbr awtet. wbw~arra~
the contest so implies or admks. e ~ v 7D
And acid Mortgagor for himself and his hairs. Mgal reprsssetativea, suoeessoes and aaigna. beesby oovema~ aat~ d O
agrees to std w[th said Mortgages. his legal teprssentatives, sueassoes std assigns: ~ ~
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l. To pay erg and singular the prineipat and interest ¦nd the various and sundry wma of moray payabL
virtue of said promissory note, and this mortgage, each and every. promptly oa the days eespsetivdy lhs s
swerally Ueoorus due ~~ii '
Z. To pay erg and singular the ta:ea, aaaesaments, levies. liabih'tiss, obligations and incrtmbranea of
nature and ]dad now on said described property. and/or flat hereafter may be imposed. wNered. ptaod.
a aaaeaaed thereupon. and/or that hereafter may be levied or tasesasd upon tbia mortpgs and/or tM ~ 3
secured hereby. each and every. when dw tad psyabts tecarding w law. bsfaea .flay become ddiagoaat.
baton any interest attaches or say peeutq L iacvrrsd: •rd in so tar u say thsesot is od record flee aortas sbag
proraptiy satisfied and dixhargd of record sad the original ofAdal doevmeut bath as, for iastaaaa~ the tar Q
tsuipt or tM wtiataction paper officially eadoraed or certified) shag be placed is the heads of said Matgsg~
within ten Jaya asst after payment: and is the event that any tharsol b not so paid. utistid and m Q
said Mortgages may at day liras p.y tta gams or any part thereof wicbont waiving or affecting say op~'n•v+
lien, equity or right under or by virtue of this mortgage, and tla fttD amount of sash and suety arch payment shag
b immediately due and payable end shag bear interest from the date theeeot nntg paid at tM me o! tea pa
oentunr per tanum and together with aue:h iata:sst shag be seemed by tM !>w of tlsts'mottgage.
3. To pLu and continuoudy keep oa the bur~diaga now er 6arsattar sitwts on said land Are and windstorm .
insurance is the usual standard policy corm. Lr a wm not less than the amount dw hereon, is sue3r company
or companies as tray be approved by said Mortgagee: and erg weh iawraaea pogciss ~ fay of said buildings. an4?
intereeat thsreia or part thenoL is the sggrsgat• wm aforesaid or iu ese~e» thereof. shag coataio the uswl
standard mortgages clause tasking the loss Hader said policies. sack sad every. payable to said Moetgage~ as his
interest may appear. and sseh sad every such polky shag be promptly ddivaead is tad held by said MortgsgaeC
and. not leas than tea days M advance d tM a:piration of saeb poli~?. to dslirsr to sad Mortgages a rw+ewal
thereof. together with s noslpt for tl+s peeenirtrs of such rsaswak tad tha+ shay bs sir such Wsnrartos pLad
em any of said buildings. ars)r ieeeRSt thwein err pact thenst. nalsss to the toeaa and with the loss payabis w -
aforesaid: and io ebs event say sum of mossy becomes payable oadse such poget w pogeMa and said Yartgsgsa
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