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Home My WebLink About2218 r. . BUILDING "0" 45.92'73 ~ THIS MORTGAGE OI:ED. made •nd a:ecuted the 23r.~ay of AU~USt ~ 19 79 by Cecil G. Prep and Patricia A. Prentis his wife of, 319 S.W. Port Malbar Blvd. Palm 6 ,Florida 32905 bereinatter tailed the Mortgagor. which farm ahaU include the heirs. legal representatives. successors and asaigns- ot the said Mortgagor wherever the content so requires or admits, t4 TURTLE REEF ASSOCIATES. INC., P.O. Boa 61!4. Jensen Beach. FL ~J~S7 hereiaatter called' the Mortgagee. which term shall include the successors and assigns of the said Mortgagee wherever the content ao requires a admits. WlTNESSETH: That for dwen good and valuable eonsideratana, and also in oonaidentiQn of tM aggreg.ta n:,ae named in tM promissory note of even date herewith hereinafter described, the said Mortgagor dote hereby grant, bargain. sell, aL'en, remises release, convey and contiren unto the said Mortgagee, his heirs. tuooessoes and ensigns. all the certain piece.... parcel.... a tract.... of land, of which the said Mortgagor b now aeirad acd poasesaed and iaadual posseaaan. situate in the County of St. Lucie and State of Florida. desm'be1! a foMwse ~ in Condominium 0 -17, -and Unit Week 36 Unit Weeks 30 - - 25 D-25~~sandtitsiundivided share in Cond.D-consisting of Apartrttetlt Number 0 .-17, of the common elements of Turtle Reef Condominium I, as such is ~ t described in the Master Form Deed, recorded in Official Records Boo!: ~ 263, Page 2002. This is a purchase money mortgage. ~ . it ie further rgred between the parties to fhb mortgap tMt, in addition to the terms and condition set out herein, if a oonwyaaoe should be eoada by tM Mortgagor of the premiata Memo dese:ib~d. or nay pact } tbsesot. whbont ll:st obtaining both the written consent of the holder hseeat. and an aascmptim d this _ - ~ obligation. m writing. by tM new peaposed Grantee, then. and m that went. at tM option of the holder hseed without notice. all oases of money eeeured hereby obeli. immdbtdy and conwrraatly with snc6 ooawyaner. beoomr ' ilea and payable and said Note and Mortgap ahaU be is detach. - 7~0 HAVE AND TO HOLD tM saner together with a1! and tiogtilsr the tenecoeats. haeaditamseta and ap~ purtsaanota therwmto bebnging a in anywise appertaining and the reversion and eeveradona. rsmaiadar and rs? nsaiaders. nets. ;saws and proliu thereof sad also all the estate. right. title, interest. property. poeatasioe~ Claim sad demand whatsoever as weU is law as in equity of the said Mortgagor in and to the same and wary pail sad portal thereof unto the said Moetgagee. and his heirs. successors and assigns, is tee simpb. Asd Laid Mortgagor. fa bimsali. and hie heirs. Lpl npnesntativee, aueonaon sad resigns. hsesby coavenants with said Mortgagee. his heirs. Mgal representativae, successors and uaigaa. that acid Mortgagor b iadehsu'bbr atirad of said Lind in fee simpLc that the said Mortgagor has tWl power sad lawful right tq t:oavegr the same in tee simple as aMresaid: that it abaD b lawful fee acid Mortgagee. hb heirs. legal repraatatativas. wcooetaoes and ~ at all times peaeaeably and quietly w aa0sr npoa. hold, oavpy and enjoy said-Lad and ara7 part tl»eaof: that said Lind b tree from all inevmbra:+oac that said Mortgagor. hb heirs, legs! eepeeseetatives. auoaaaors sad assigns. will make snch further assuranosa to ported the tee aimpk titL to said Lind m saW Mntpgw~ his .Mira. Lrgal representatives, suaYSSOrs sad assigns. as may n.aonabiy ba ragrirsd: and that said Meetgsgoe does hereby folly warrant the thM to said Led and every part thaeot sad will detail the cams apiast the l.wMl claims of all parsons whomsower. It b understood that taeh of the woods. "note". "mortgagor- and 'tiaoetrges" rsspeelively nail the pronouns referring thereto, whether in the singular or plural anywhere in this mortgage. shall be dngnlae it on calla sad. shall be phu~sl f ointllr and aevenUy it moee than one. and ahaII be masca}iae~ aniline nectar. wheee~rsr tM oontazt se implies or admits. ~ And said Mortpgor for himself end hie heirs. legal npretaetatives. suooatars sad •sdgns. hereby oovaunts sad agree to and with said Mortgagee. hie legal espeasentatives, sucaesors sad assigns: o ~ ~ 1. To pay dl and singular the principd and interest and flu various and sundry' sums of money payable by ~ _ virtue of said promissory note, •nd this mortgage. each and ovary. promptly oa tM days nspeetivdy flu wme~ ~ ~ sweraUy become due. • Z. To pay all and singular the case. assessments. kviae, liabilities, obligations and incumbraaoee of ewryN ~ nature and triad now on said described property. and/or that hatattar may br imposed. suffered. placed. Lvied~, a asxssed thereupon. and/or that hereafter may be levied or assessed upon this a~ortgags and/or the indabtedoaae~ ~ ~ 3 teaired hereby. each and every. when dw sod payable aocordiag to Lw, baton .they become ddingaeot. ando p ~ ~ baton any interest attaches or any penahy b interred: sad b ao tar as nay tha+sof b of record the same shall bac a promptly aatiatied and discbargsd of record sad the origind otlldal doenmeat !seek as, for instanott the lase Q ~ rsotipc or the aatistaetion paper otCuially endorsed or eertifudl shall be pLeed b the hands of sold Maetgage~ witlua ten days ne:t atta payment; aed fa tM eva?t that any thereof b not so paid. aaWBed end disehargsd. m ~ Q said Mortpgee may at nay time pay tM name a any part thenot witMut waiving or atteding nay option.-J~ ~ x L'en. equity or right under or by virtue of t>:is mortgsge. and the full amount of each and every snob payment shall ~ g be immedbtely dw and payabL •nd shall bear interest tray the date thereof mail paid at tM me of tea per oanturn per annum and together with such L~tereet ahaU be seecred by tM lira o! thb'mortgage. 3. To pLue sad oontinuowiy keep ao tM buildings now or banker situate as said Led M and windstorm insurance in the usual standard policy Corm, iA • sum not !nor than tM amaua dw hence, is such company a Companies as auy be approved by said Mortgagee; sad all seek iasuranos policies oa any of said buildings, aqy intsrest therein or part thereof, is the aggregate sum aforesaid or is excess tMreot. shall contain the usual standard nartgagse clause making the k+sa ender said poliein. ach and wary. payaWa to said Mortgagee as his latereet may appear. and each sad every seek polky .hall b promptly dalivseod to sad Mid by acid Dtatgsgsap •nd. noc less than ten days b advance of tM a:piratan of each policy. to daiirw to said Mortgages • nerwsl thereof. together with a receipt for the pesmium o/ aueL renwrk and !bars ahsi bs no such lasusanos pLad oa •ay of said buildings. nay btaeest thsniw err part thereof. enMes b ehr Poem sad wit? the loss payabM w aforesaid: and is the went nay sum of many becomes payable mdse neck policy err poBdaa nail said 1[aRgagse ti({~~~ PdGf~~ d'1~K