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Home My WebLink About2223 n~ • 45,92'75 1 ~ ' BUILDING "D" i . 1 THIS MORTGAGE DEED, made and eaecuted the 20 day of AU9USt 18 79 by Andrew L. Sl~~on and Odell S. Slaton his wife of 486 N.E. Shenandoah Br~~ 7?0 Palm Bay Florida 32905 hereinafter tailed the Mortgaggr..rhich term sMU include the heirs. legal representatives, aucceaso» and asaigru- ot the acid Mortgagor wherever the context so esquires or admits. to TURTLE REEF ASSOCIATES. INC.. P.O. Bo: 618. Jensen Beach. FL 33~3T henitutter uUed' tl?e Mortgagee. which term shall include the sueeesaora and assigMS of tM said Mortgages wherever the context ao requires or admits. WITNESSETH: That [or .devere good and vababb considerataoa, and also in conaideratiQn of tM ai8re`sta n:at Mamsd is tM promissory note of even date herewith hereinafter dexribsd, tM said Mortgagor does hereby grant. bargai0. sell, alien, remise. release, convey and confum unto the said Mortgagee. his bean. suooaleors and assigns. all the certain piece.... parcel.... or tract.... of land, of which the acid Mortgagor b taw seared std poasastd and iaactual posseaaion. situate in the County of St. Lucie and State of Fkuida. deaesibd as loMwse Unit Weeks 35 and 36 in Condominium D - 14 ~ ' consisting of Apartment Number D -14 and its undivided share ~ i`~ of the common elements of Turtle Reef Condominium I, as such is . ~ 4 . described in the, Master Form Deed, recorded in Official Records Booti ~ 263, Page 2002. This is a purchase money mortgage. It is further agreed batweea the parties to fhb mortgage that. in addition to tla tetras and oonditioos ad out hasein. U a eonveyanos should be treads by tM Mortgagor of the premiaae bents dasexi6ed. or argr part thereat. without first obtaining both the written oonantt of the bolder beseo~ and an asatmptra d this obtigatioa m witting. by tM new proposed Gnntes, then. and is that went. at tlw option of the boktat haee~ot; without notice. all sums of taoney secured 6eesby shell. immediately end eoneurretttb with such ooansyanos, beooma dtte sad peyabla sad said Note and Mortgage. sbaII be in de[auk. _ TO HAVE AND TO HOLD tM same. togetbee with all and singuar the tenements, ltsr~editsmsata sad ap puttenaaoea thereunto bebnging or it anywise appertaining end the. reversion and reversions. remainder and tt mainders. teats. iawws and profits thereat sad also aD the estate. right. title. interest, property. posasssio4 etaim and demand wbatsower as well in law as is sanity of the said Mortgagor in and to tlw same and every pact sad pared tbcnot unto the said Mortgagee, and his bean. sneeessan and assigns, is tee simpM. Asd said Mortgagor. for himself. and his hairs. krgal representatives. aueoasors sad assigas~ hereby convsaaata with said lldortgagse, his be'va. legal representative, succesaon sad assigns, that said Mortgagor b iodstsasibly seared of said land is !ee simples that the said Mortgagor has full power and lawful tight tq eoavay td same in tea ampb as aforesaid: that it shaD be lawful tar aid Mortgagee, hb hero, legal repessaatatiws. auooeaora and aeeigoa. I~ at aII times peaaesbb and quietb to eater npo0. bold, oavpy sad enjoy said land and-eveq part thaeaot: 'f that said land b tree from all incnmbrarreas; that said Mortgagor. his heirs legal npeeseatativea, sttoosssors sad s ~ asagtu. wt71 make such further assuraaoss to perfect flu t.. ample title to said land in said 1+Irotgaget~ ~ ~ the ti~~sad land aadand very part Mt sad w~iU d~etend the ,aama agaimt tbs does hereby tally l.wtnl cLiats of all persons wboroaower. ~ It b uadeestood that sash of she words, "Mote". "mortgagar» and »moetgaa..» tapeetiwl7 sad tha peoaanaa referring tbereta whether in tM sing~,iiar a plural anywhere in fhb mortgage. ahaD be siMgnLr N one cab and. shall be plant joiotb sad severally, if more than one. and shall b ~~sen~ tembiae aad/er reenter, whstwsr the coafast ao impllN a admits. And said Mortpgor for himself and hb beies. krgd cepressntatives. stieceeeoes and assigns. Mrsbf oo~weweta sad sgeeee to and with said Mortgagee. his legal reprsseatatives, sueassors std asrigas: 1. To pay all tad singular the principal and interest and the various and sundry suns of money payable 67 virtue of said promissory note, and thin mortgage. each and very. promptly oa the days reapeetivab, tlw same swenlty beoorae due. Q Z. To pay all and singular the cases, assssstneMb, levies. liab8itas. obligations and tacumbtattces of nature and kind now on said described property. and/or that haeatter tray be imposed. suHend. placed. a assessed tberenpon. and/or that hereafter may be levied or assessed upon this msrtgage and/or tlw seemed hereby. sub and every. when dw sad payable aocarding to law. baton. they become delingosot. O ~ • before any interest attaches or say penalty r iMCarred: aed fa so tar as say thereat b o! record tla same shall promptly satisfied and dixhargsd of reooed sad the original official document Isneh as. for inatanea tbs rxeipt or the satisfaction paper otfuially endorsed or certifiedl shall be placed is the hands of said within ten days ore:t alter paymeru: and i4 tM event that say thereof b sot ao paid. saWfied and dbcha. .J said Mortgagee may at say time pay tM same or any part thaesof witbont waiving or atfeet6ig say option ~ d lien, equity or right under or by virtue of this mortgage. and the toll amount of each and wary such paymatt sly, be immedLtely dw and payable and shall beer interest from tM date thereof natal paid at tM refs of tea p~ ~ ~ e ~ cantata per aanaa and together with such interest shall be secured by the lies of thb'modgage. n n ~ 3. To pLa sad continuauly knee oa td but7diaga sow ar hereattu ata.a an said lead M and windstort~ O o ~ insurance in the usual standard policy form, bt • sum not less than the amount dw hereon, is such ~ Q a companies as may be appewad by said Mortgagee: sad all such iMaursaa polidss as say of said buildings, soy ~ o° interest therein or part thereof. is the aggregate sum aforesaid or in recess thereat: shall contain the usual ~ x standard mortgagee Clause tasking the loss tttdst said poGcie. each and every. payable t0 said Mortgage q his ~ a ioter~ttt m.y appear. and each sad every sneh policy shall be promptly ddivsred to std held 67 said ivloetgagssc and. not less flan tea days let advance d tM espiratiott of each policy. to de4rar to acid Moetgap • ranawd thereof. together with a naipt for tha peemktm of such raeewsk and theta abet b ~ such lasurattos p4osd on soy of said buiidiap, auy interest tbeeeia et part eberest. naktee b tha Ioeta std whit taw toe payable a. aforesaid: sad La the weal say anm of mawy becomes payab4 reader aneh poBq ar pokers and said 11orlaagss , a~~R 3~6 P~sf 2,