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BUILDING "o" X62365
THIS MORTGAGE DEED, made •nd eseruted the _~day of August lg
b~ David W. Gray, Jr. of 561 E. Oakhurst St. Altamonte Springs. Fl. 32701
heninatter called the Mortgagor, which term shall include the heirs. legal representatives, successors and aasigns-
ot the acid Mortgagor wherever the contest so requves or admits,
to TURTLE REEF ASSOCIATES. 1NC.. P.O. Box 618, Jensen Beach. FL ~3~5T
hereinafter called the Mortgagee, which term shall include the successors and assigns of the
said Mortgagee wherever the contest so tequires or admits.
WITNESSETH: That for devers good and valuable eonsiderationa. •nd also in tonsidentipn of the ag~egate s~:m
named in the promissory note of even date here.rith hereinaher dexribed, the said Mortgagor dog hereby
grant, bargain, sell. alien, remise, release, convey and confiim unto the said Mortgagee, his heirs, sueassors sad
assigns, all the certain piece..., parcel... a tract.... of land, of which the said Mortgagor is aow seirad and
possessed and inactual possession, situate in the County of St. Lucie and Slate of Fbrida, dearn'bed as tol4+ws; ` 6~
Unit Weeks x and 26 in Condominium 0- 10 ~
consisting of Apartment Number D - 10 and its undivided, sharp
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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 Boob o
263, Page 2002. This is a purchase money mortgage.
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it is further agreed between the parties to thin mortgage that, in addition to the terms sad conditions set ~o , ; ~ _
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out herein. ii a eonveyanee abouW be made by the Mortgagor of the premises haeeia deacdbed. or aenr part -
thereot, without brat obtaining both tM written consent of the holder hereof, and as assumptioe? of this _ ~ r
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. obligation. in writing, by tM sew proposed Gnntee, then, and is that west, at the opton of tM bolder heeeo~
without twtiu, all sums of mosey secured herby shall, immediately sad ooocurrantly with such oonveyanes~, bsaoma ~ ° ~ ~
dw sad payab4 and said Note and Mortgage shall be is detach. ~ 3 w 0
TO HAVE AND TO HOLD the same together with all and iuigulat the teneeoeats, hereditamaata sad ap• ~ ~ i
purteaancea thereunto bebnging or in anywise appertaining and the reversion and teverarons, remainder sad err ~ H
enaiaden, rents, issues and profits thereo[ and also all the estate. right, title. interest. property. posseeaion, calm sad
de:nand whateower as well in law as in equity of the acid Mortgagor is a.~d to the same sad wery pact and
parcel thereof unto the acid Mortgagee. and his heirs, successors and assigns, in t!e simp4. .
Asd said Mortgagor. for himaeU. and his heirs, legal representatives. successor and assigns. hereby ooetvs~eanta
with said 1ortgagee. his heirs, legal representatives, succeaaors sad assigns, that acid Mortgagor is indsfaaaibly
salad of said Land in tee simples that the said Mortgagor has tell power sad lawful right tq tonvey the same in tee
simple as aforesaid: that it shall bs lawful tar said Mortgagee, his hero, legal representatives, sueeeaors and assigns`
at all flares peaceably and quietly to enter upon, hold, atrvpy sad enjoy said land and wear part thsr+aof:
that acid land is tree troop all ineurobnnedc that said Mortgagor, bin heirs, legal repreeeatatiws. wtoossesee and
assigns. will make such further assunnoes to ported the tee simple title to acid land is sad Mrotgageeti
E his Beira. legal representatives. successors and assigns. as may rsasowbly 6e requiesd: and that acid Maetgsgar
do`s Hereby folly warrant the title to said land and wery part thereof and wt7! defend the same agaiest the
lawful d.iats of all persons whoaeaoever.
It i, understood that each of the words, "note". "mortgagor ' and "mortgagea° r..p.ttiwly and the praaouns
~ referring thereto. whether is the singular a plum anywhere in this mortgage„ shall be singular it nos oely sad.
z c, ~ shall be phersl jointly and severally. if more than one, and shall b maaevdine, temiaiae andlor etsntar. whrewst
the coats:t so impale or admits.
~ ~ rseeertatiws, succesors sad tovenaaq and
And said Mortgagor for himself •nd his heirs, legal rep assIgas, ltaeeby
~ ~ agrees to and with said Mortgagee. his legal representatives, successors sad assigns:
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- - 1. To pay all and aiagular the principal and interest and the various and sundry sums of money payable by
c virtue of said promissory note. ¦nd this mortgage, each and wary. promptly on the days respectively the Gams
;severally become due.
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2. To pay all and singular the tares, asaeysments, levies, liabilities, obligations and iacumbraneea of every
~ nature and kind now on said dexribed property. and/or that hereafter may ba imposed, sutfeced. placed. levied
~ or assessed thertupon. and/or that hereafter may be levied or assessd upon this mortgage and/or tM indsbtednsae
secured hereby. each and every, when dw and payable aeeoediag to law, bafan tbay become ddingwat, and
beforo any interest attaches or any penalty V [acorred: and is ao tar u any thereof V of record the assns shall b
- promptly satisfied and discharged of `cooed and the original ottkid document (sncb as, for iaatartae~ the tae
reuipt or the satiataction paper officially endorsed or certified) shalt be placed 6m the hands of said Martgagw
h within ten days ae:t otter payment: and is the went that any thereof b not so paid, satisfied and discharged.
said Mortgages m.y at any base pay the same or any part thereof without waiving or affecting argr option.
s Lien, equity or right under or br virtue of this mortgage. and the full amount of each and wary such payment shall
g be immediately due and payable and shall bear interest trooa the date thereof anal paid at the me of ten ptr
teoturn per annum and togttbar with such interest shall be secured by the lien of tlib'mortgage.
3. To ptau and wntinuoualy keep on the buildings now a hereafter situate on said land tin and windstorm
insurance in the usual standard policy form, iA • sum not Mss than the amount dun hereon, in such oorapaay
or companies •s may be approved by said Mortgagee: and aD such inaunnce pofiCias net say of said buildings, say
interest therein or part thereof, in the aggregate sum aforewid or in estess thereof, shall toutaia the usual
standard mortgagee clause making the toss under said poUciq. each and wary. payable to said Mortgages u t>V
interest may appear. and each and every waft policy shall be promptly delivered to sad held by said Mattgsgsex
and, not less flan tea days 6t advance of tM espirstion of each policy. to ddirw to acid Moetgsgas • eeenwd
thereof. together with • reoslpt for the premium of such nnawak srd there shall b sin wuh tasu:anos planed
an soy of said buildings. any interest therein or part thsreel, ualese is td tors fed with tM loss payab4 y
asd said 1[art;sgsa
•toresaid: sad is the went say suns of money bsoonies payabM cads` such polity or pdieisa
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