HomeMy WebLinkAbout1255 ~3~
BUILDING "D" '4~?~ ?a~~~
THIS MORTGAGE Ol;ED, made and eiecuted the 23-day of $eQtember !g 79
by Darrell H. 8alliett and Barbara Balliett, his wife of 15805 S.W. 103rd P1.
Miami, Fla. 33157 _
Dereinafter called the Mortgagor, which term shall include the heirs. legal repressntatives, successors and assigne-
ot the said Mortgagor wherever the Conte:t so requires or admits,
to TURTLE REEF ASSOCIATES, INC.. P.O. Bo: 618, Jensen $each. FL ~3~57
hersinatter eaUed the Mortgagee, which term shall include the successors and ua:gas o! the
said Mortgagee wherever the Conte:t so requires or admits.
~p WITNESSETH: That for devcro good and valuable considerations, snd also in coaaiderttipn of the aggregate e~:.m
named in the promissory note o[ even date herewith hereinafter dexribed, tM said Mortgagor does hersby
grant, Dtrgain, sell, alien, remise, releax, rnnvey and conC~rm unto the said Mortgagee, his heirs, successors and
assigns, tU the certain piece..., parcel.... or tract.... of land, of which the said Mortgagor is now Nixed and
possessed and inaetwl possession, situate in the County of St. Lucie and Slate o[ Florida, described as fo[Inws;
Unit Weeks 19 and 20 in Condominium D 20
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~ ~ ~ consisting of Apartment Number D 20 and its undivided share
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 Boo!:
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r-~ 263, Page 2002. This is a purchase money mortgage.
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` ~ ~ it is tnrther tgrssd between the parties to this mortgage that. in addition to the terms and oonditbas set
~ _ ~ out Derain, it a conveyance should be mods by the Mortgagor of the premises herein dasen'bsd, or any part
Y l thereof, without first obtaining both the written eonssnt of the holder hereof, and an asanmptioa o[ this
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~ ~ obligation. In writing, by tM new proposed Grantee. then. and itt that event. at the option of the boldae Deno
_ x without notice. all sums of money secured hereby ehsU, immediately and concurrently with sucD oonveyanoa. become
< v+ due and payable and said Note and Mortgage shall be in default.
TO HAVB AND TO HOLD the same, together with all and singular the tenements, Mredittmeata and cep
purtaaange theratnto bebnging or in anywise appertaining anil the rtversion and rrversions, remainder and r?
mtiaden, rents. issues and pro6b thereof sad also all the esttu. right. title. interest. property. poasaaiort. claim and
demand whatsower as weU in Iaw •s in equity of the said Mortgagor in and to flu same and ervsry pact and
pared thereof unto the said Mortgagee. and his heirs, successors and assigns, in fee simplt.
And said Mortgagor. fa hitaaeU, and his heirs, legal representattves. sueoesson tad assigns. hereby oonvanaota
with said Mortgagee, his heirs, legal representatives, successors and assigns, that said Mortgagor is indettaaibly
seized of said land in tee simple; that the acid Mortgagor has full power and la+rful tight tq convey the same in tee
simple as t[oresaid: that it ehsU ba lawful for slid Mortgage, his hairs. legal repraesatativse, successors sad taigas.
tt all times peaceably and quietly to enter upon, hold, occupy and enjoy said hmd and every peat thereof:
that said land i, tree Iron all iacumbnnce3r that said Mortgagor. his heirs, legal representatives, woceseoes sad
assigns. wtll matte such further assurances to perfect the fee simple titL to said hard in said Mrotgagat,
his Deus, legal tepraseatatives, successors and assigns. ¦s may raasoaably ba required: and that slid Maetgagoe
does hereby tnuy wamnt the title to said land and very part thereof and will defend the s.me tgaimR the
~ 1.wful claims of all persons whomsoever. •
tt is understood that etch of the words, .'note.., ..mortgagor • and "mortgages" rupeetively a:d tha_ peoooue•
referring thereto. whether is the singuLr a plural anywhere in this mortgage, ehsU be singular it ons only snd~
shall be phtnl jointly and swenUy. it more than one, and shall be maxnWte. hmiaiae and/or nester. wherever •
she scats:t so implies or admits.
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~ raeeotativee, suoeeseors and a ooventatt and
And said Mortgagor for himself and his heirs. legal rep +~s• he*'~y
• agrees to and witD said Mortgages. tis legal representatives, successors and aseignsk
1. To pay all and singular the principal and interest and the various emd suedry sums of tttoney payab4 by
virtue- of slid promissory note. and this mortgtgs, each and waxy, promptly on the days respeetivdy flu same
severally become due.
^ Z. To pay all and singular the to:es, assessmenq, levies, liabilities. obligations and iatumbranoa of ever~r
1 nature and kind now on said dexribed property. tnd/or that Deraatter may be imposed. sulfated, placed. levied
t or assessed thereupon. •ndlor that hereafter may De levied or assessed upon this .mortgage and/or tM indebtedness
secured hereby, each and every, when des tad payable aeooediag to law, ba[ore they .become delinquent. and
before any interest attaches or any penalty k incumd: and in so tar u any th:reot V of record flu cams shall b
s promptly -satisfied and dixharged of record and the original otAcial document Isnch as, for iastanoe~ the tact
a receipt or the satisftetion paper officially endorsed or certified! ehsU be plead is the hands of said Mortgagee
~ within ten days ae:t alter p.ymant: and in the went that toy thereof b cwt so ptid, satisfted and discharged,
said Mortgagee nay at any time pay the same or any part thereof without waiving or affecting try option,
Gen, equity or right under or by virtue of this mortgage, and the full .mount of each and every such payment shaD
_ be immedutely due and ptyabb tnd shall bear interest from the date thereof natD paid at the rate of ten per
ceoturn per tnnum and together with such interest ehsU be secured by the Gen of fhb'mortgage.
z 3. To plan and continuously keep oa flu but7dings now or 6eretttex aitwte w said land frre and windstorm
j insurance in the usual standard policy form, b • sum not lest than the amount due hereon, is wch company
or companies as may be approved by said Mortgagor. and all ouch insurance poGcia on any o[ said buildings, any
intereest therein or part thereo[, b the aggregate sum aforewid or in a:Cass ther+ot shall contain tM usual
standard mortgtgae clause mtlcing the bsa under said policies, each and every. ptytbb to said Mortgagee is hL
interest may tppear, and eoch snd every such policy .hall be promptly delivered to and heW by said Martgsgesc
and, not leas than ten days b advance d tM espirttion o[ each poGey. to deliirer to said Mortgagee • teerwd
cheroot. together with • receipt !or the premium of such noewtl: and there shah bs tto such insurance plead
on toy of said buildings. any isterest tbeeein or part thereat. unless in the fort ltd wits the bas payable u
able under aneb polio e>r poGeiss and said Yatgsgst
aforesaid. and to tM went any cum of tnauy becomes My
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