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Home My WebLink About0923 ~914~'7 4~'78~5 / ~'rC ~ 4 a9T1 BUILDING "o" Re•Record THIS. MORTGAGE OEF.D, made and a:ecuted the 27tha,y of December , 19 by _ .l~B.' ~T~ D~'hT:iAN `~I V:::lA o f 27 H:.T~~ ~4.:.. , G:2ti~:~ :2E1PI i:I(:1•:. `)7~S hereinafter called the Mortgagor, which term shall include the heirs. legal representatives, suoceeeors and assigns of the said Mortgagor wherever the rnnte:t so requires or admits. to TURTLE REEF ASSOCIATES, INC.. P.O. 13os 618, Jensen Beach. FL 33457 hereinafter called' the Mortgagee, which term shall include the successors and assigns of the said Mortgagee wherever the contest so requires or admits. WITNESSETH: That for devers good and valuable considerstions, and also in eonsidention of the aggregate sum named id the promissory note of even date herewith hereinafter described, the said Mortgagor dose hereby grant, bargain, sell, alien, remix, releax, convey and confu~m unto the said Mortgagee, his heirs. suoeeesors and assigns, all the certain piece..., parcel.... or tract.... of land, of .which the said Mortgagor is now seised and possessed and inactual possession. situate in the County of St. Lucie and State of Florida, described ~ follows: • :.~~°rS sA X undivided interest in fee simple absolute as tenant in common i t e car sin real property described in the Master Form Deed of Turtle Reef ~ C ndominiums 1, recorded in Official Record Book 263, Page 2002, subject to o~ d vestment as set forth in said Master Form Deed and upon such divestment an i terval ownership consisting of Unit Weeks 17 p,~ 14 in Condominium ~-26 , a ~ c Heisting of Apartment Number ~-25 ,and its undivided share of the ' ~ c moron elements of Turtle Reef Condominiums 1, as such i s described i n sal d E°C ~ star Form Deed. This is a purchase money mortgage. H3 C ~ It is further agreed between the psrties to this mortgage that. in addition to the terms and conditions set ~ herein, it a conveyance should be msde by the Mortgagor of the premises herein described, or any pert ~ ~ - t, without fuat obtaining both the written consent of the holder hereof, and an assumption of this r lion, in writing, by the new proposed Grantee, then. and in that event, at the option of the bolder hereof, bout notice, all sums of money secured hereby shall, immedutely and concurrently with ouch oonveyanoe, become ~ and payable and said Note and Mortgage shall be in default. TO HAVE AND TO HOLD the same. together with all and singular the tenements, hereditaments and ap- Purtenances thereunto bebnging or in anywise appertaining and the raver+ion and reversions, remainder and rc mainders, rents. issues and profits thereof and also all the estate, right, title. interest. property, possession, cWm and demand whatsoever as well in taw as in equity of the said Mortgagor in and to the same and every part and parcel thereof unto the said Mortgagee. and his heirs, successors and assigns. in fee simple. And said Mortgagor, for himself. and his heirs, legal representatives.. successors and assigns, hereby eovvenants with said Mortgagee, his heir, legal repnrxntativea. successors and assigns. that said Mortgagor is indefeasibly seized of said land in tee simple; that the said Mortgagor has full power and lawful right to convey the same in fee simple as aforesaid: that it shall be Iswful for said Mortgagee, his heirs, legal representatives, successors and assigns. at all times peaceably snd quietly to enter upon. hold, occupy and enjoy said land and every part thereof; that said land is tree from sU incumbraneee: that said Mortgagor. his heirs, legal representatives, successors and assigns, will make such further assurances to perfect the fee simple title to said land in said Mortgagee, his heirs, legal representatives, successors and assigns. as may reasonably be required; and that said Mortgagor does hereby fully warrant the title to said land and every part thereof and will defend the same against the i lawful claims of all persona whomsoever. - It is understood that each of the words. "note". "mortgagor" and "mortgagee" respectively and the pronouns ~ referring thereto. whether in the singular or plural anywhere in this mortgage, shall be singular it one only snd shall be plural jointly and "xverally. if more than one. and shall be masculine. feminine and/or neuter, wherever the contest so implies or admits. _ And said Mortgagor for himself and his heirs, legal representativd. successors and assigns, hereby covenants and agrees to and with said Mortgagee. his legal representatives. successors and assigns: f- 1. To pay all and singular the principal and interest and the various snd sundry soma of money payable by virtue of said promissory note. end this mortgage, each and every, promptly on the days respectively the same xverally become due. 2. To pay all and .singular the tares. asseasmenta. levies. liabilities, obligations and incumbnnces of every nature and kind now on said described property, and/or that hereafter may be imposed, suffered, placed. levied or assessed thereupon. and/or that hereafter m.y be levied or assessed upon this mortgage and/or the indebtedness secured hereby. each and every, when due and payable according to law, before they become delinquent, and before any interest attaches or any penalty is incurred: and in so tar as any thereof is of record the same shall be promptly satisfied and discharged of record snd the original official document (such as, for instance, the tar receipt or the satisfaction paper officially endorxd or certified) shall be placed in the hands of said Mortgages within ten days ne:t after payment: and in the event that any thereof is not so paid, satisfied and discharged, said Mortgagee may at any time pay the name or any part thereof without waiving or affecting any option, lien, equity or right under or by virtue of this mortgage, and the full amount of each and every such payment shall bs immediately due and payable and shall bear interest from the date thereof unt~7 paid at the rate of ten per oenturn per annum and together with such interest shall be secured by the lien of this mortgage. 3. To place and rnntinuously keep on the buildings now or hereafter situate on said land foe and windstorm .tt insurance in the usual standard policy form, in • sum not less thaq the amount due hereon, in such company or companies as may be spproved by said Mortgagee: and all such insurance policies on any of said buUdings, any interest therein or part thereof. in the aggregate sum aforesaid or in a:cess thereof, shall contain the usual standard mortgagee clause making the losr under said policies. each and every. payable to said Mortgages u his interest may appear. and each and every such policy shall be promptly delivered to and .held by acid Mort{agase and, not less than ten days in advance of the e:piratiori• of each policy, to deliver to said Mortgages a naawd thereof, together with a receipt for the premium of such renewal: and there shall be no such insurance t~ on any of said buildings, any interest tber+ein or part thereof, unless in the form and with the loa payable u ' aforesaid; and in the event any sum of money beootnes payable under wcb policy or policies and acid Mortgages lECFI1/ED f - J~_ IN PA I~fNT nF TaX'S WE DN CL~:SS 'C' h~i:.:.:, gt_ P.k~B:..: P:.D-E..Ti. - BO~K280 PA~E2350 ?UftSUANT To . 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