HomeMy WebLinkAbout1250 BUILDING "C" 462.369 ~ ~
TlilS MORTGAGE OEF.O, mods snd ezeruted the ~~ty of June 19 7g
by Robert Dickinson Smith and Etheral Cain Smith, hid wife of
Rt. 11 Box 153-L, Mobile, Ala. 36605
h~reinsfter esUed the 1?dortgagor. which term shall- include the heirs. legal representatives, successors and assigns
of the said Mortgagor wherever the context ao requires or admits, - ~
to TURTLE RE>•:F ASSOCIATES, INC., P.O. Bo: 618, Jensen Beach, FL 33l5T
hereinafter called' the )tiortgagea, which term shell include the _ succeasora and assigns of the j
• said I1lortgagee wherever the contezt so requires or admits.
o WITNESSETH: That for devera good and valuable considerations, and also in consideration o[ the aggngata sum ~
W named in the promissory note of even date herewith hereinafter described, the said Mortgagor does hereby
t/\ grant, bargain, ~seU. alien, remise, release, convey •nd confirm unto the said I/fortgagea, his heir!. succeaaors and
assigns, all the certain pine..., parcel.... or tract.... of land, of t+hich the acid I?tortgsgor is now seised and
possessed and inactust possession, situate in the County of St. Lucie and State of Florida, deaeribed as follows:
~ Unit Weeks 23 and 24 in Condominium C-18 consisting of
~ ~o~
~ ~ ~ - Apartment iVumber C-la
,and its undivided share of the common
o
c = ~ w elements of Turtle Reef Condominiums 1 as such is described in the amended
N~ ~ ' J Master Form Deed as recorded in O.R. Book 256, Page 235.
.
This is a purchase money mortgage.
~ It is further a between the roes to this mort
greed pa gage that, in addition to the terms and conditions set
~ ~ out herein. if a conveyance should be made by the Mortgagor of the premises herein descn'bed. or an
~ ~ ° thereof, without first obtaining both the written rnnsent of the holder hereof. and an assumption of this
~ ~ = _.t,tro
~eM::. -~siti.~g, !+y she rec. pra~xd Grants-. tl~n, and is that avast. at th= aptiaa of the holder her-.,of.
~ a without notice. all soma of money secured hereby sha4 immedutely and concurrently with such conveyance, become
due and payable and said Nots and Mortgage shall bs in default.
TO HAVE AND TO HOLD the same, together with all and singular the tenements. heceditaments and ap-
purtenances thereunto belongeng or in anywise appertaining and the reversion and reveraiona, remainder and n-
mainders, rents, issues and profits thereof and also all the estate, right, title, interest. property, posaesaion, claim and
demand whatsoever as well in law as in equity of the said Mortgagor in and to the same and every part and
parcel thereof unto the said Mortgagee, and hia heirs, successors and assigns, in fee simple.
And acid Mortgagor. for himself, and his heiro, legal representatives. successors and assigns, hereby eonvenants
with said Mortgagee. hia heirs, legal representatives, auccesson and assigns, that said Mortgagor is indefessibly
seized of said land en fee simple: [het the s:;d Mortgagor has full power and lawful right to convey the same in fee
airnpk as a[onsaid: that it shall be lawful for said Mortgagee, his heirs, legal rrpreseritatives, successors and assigns,
at all times peaceably end quietly to enter upon, hold, occupy and enjoy said land and every pert thereof:
that said land is free from all encumbrances: that said 1?iortgagor. hia heirs, legal representatives, successors sad
aeai~n5, t..u uiaae earn iurilier a~uram-es io periecs free ice simples eerie [o saes Lana u7 said tvirotgagee, j
his heirs, legal tepreaentatives, successors and sssigns, as may reasonably be required: and that acid Mortgagor
does hereby fully warrant the title to said land and every part thereof and wr71 detend the same against the '
lawful claims of all persona whomsoever:
It is understood that each of the words, "note", "mortgagor" and "mortgagee ' respectively and the prorwuns
referring thereto, whether in the singular or plural anywhere in this mortgage, shall be singular if one only and
shaD be phuad jointly and severally. if more than one, and shell be masculine feminine and/or neuter. wherever
the oontsrt so implies or admits.
~ ~
~ And said Mortgagor for himself and his heirs legal representatives, auoceaso~s and assigns. hereby covenants and
• agrees to and with said Mortgagee, his legal representatives, sutceasors and assigns: ~
1. To pay all and singular the principal and interest and the various and sundry sums of money payable b
_ virtue of said promissory note, and this mortgage, each and ev y
cry, promptly on the days respectively the same
severally become due. ~
~ ~ 2. To pay all and singular the tares, assessments, levies, liabilities, obligations and encumbrances of every
nature and kind now on said described property, and/or [fiat hereafter may be imposed, suffered, placed, levied
~ or assessed thereupon, nnd/or that hereafter may be levied or assessed upon this mortgage and/or the indebtedness
i secured hereby, each and every, when due and payable nccording to law, betoro they become delinquent. and
before any interest attaches or any penalty is incurred: and in so far as any thereof is of record the same shall bs •
promptly satis[ipd and discharged of record and the original offidal document (such as, for instance, the taz
5 receipt or the aetiatection paper officially endorsed or certified) shall be paced in the hnnds of said Mortgagee
within ten days nezt after payment: and en the event that sny Cheroot is not so paid, sstisfied end discharged,
said I?iortgagee may at any time pay the eeme or any part thereof without waiving or affecting, any option,
Q lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall
be immediately due and payable and shall bear interest from the date thereof unW paid at the rate of ten per
oenturn per annum and togeether with such interest shall be secured by the lien of this mortgage.
P
s 3. To place and continuously keep on the buUdings now or hereafter eituste on acid land fin and windstorm
insurance in the usual standard policy form, in a sum not less than the amount due hereon, in such company
or wmpanees •a may be approved by said Mortgagee: and all such insurance policies on any of said buildings. any
' interest therein or part thereof, in the aggregate sum aforesaid or in ezcess thereof. shall contain the usual
standard mortgagee clause making the bay under said poGciea, each sad every, payable to said Mortgages as hla
'C
6rtersst racy appear, and each and every each policy shall bi promptly de4vezed to snd held by acid biortgagss; •
and, not less than ten days in advance of the ezp'uation of each policy. to deliver to said Mortgasea s nrasrral
thereof, together- with a receipt for the premium of such renewal: and there shell be no aueh insurance pLosd .
on any of said buildings, any interact therein or part thereof, unless is the form and with the bas payable as
aforesaid; and in the event any sum o! money becomes payable under such policy or policies and said Mortgagee
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