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Home My WebLink About0540 f3- BUILDING ..o„ X89895 THIS MORTGAGE DEEO, made •nd executed the 20thlay of October l8 ]9 by W. Gene Coon ansi_Marian A. Coon, his wife., of 36 Yacht Club Dr., Apt. 506 N. Palm Beach, Fla. 33408 hereinafter eaUed the I?tortgagor, which term ahaU include the heirs, legal repressotativea, suceeasore and uaigna- of the acid Mortgagor wherever the context ao requires or admits, to TURTLE REEF ASSOCIATES. 1NC.. P-O. Bos 61g. Jensen Beach. FL ~3sST hereinafter eaUed' the Mortgagee. which term ehaU include the successors and aasigus of t!u said Mortgagee wherever the Conte:t so require or admits. WtTNE3SETH: That for dwen good and valuable eonaiderationa. •nd also in consideratipn o! the aggeepq scm _ named in tM promissory rate of even date herewith hereinafter described, tM said Mortgagor doq hereby ~ ~ great, bargain. seU, alien, remise, release, convey and confu~m unto the acid Mortgagee, bin heirs, suooassora sad ~ W asaiaas, aU tAe certain piece.... parcel.... or tract.... of land, of which the said Mortgagor b raw ssitad and ^ ~ possessed and iaactual posaesaion. situate in the County of St. Lucie and Sate of Florida. described as toMwse - ` u Unit Weeks 35 and 36 in Condominium D l9 g ~ 1 ~`,o consisting of Apartment Number 0 l9 and its undivided share .^n?: of the common elements of Turtle Reef Condominium I, as such is ~ - of ~ r a described in the Master Form Deed, recorded in Official Records Boob 263, Page 2002. This is a purchase money mortgage. - 3 Y ,Z a It is lhrrtber agreed between tAs partie to this mortgage that, in addition to tM terms and oonditiosa set - out herein. i< • eonvayann shook! be trade br tM Mortgagor of the premiaaa Deccan described. or snit part tbsnot without itrst obtaining both the written consent o[ the holder Deno[, and an assnmptioa of fhb eibligatba. !a writing, by tM asw pnopoad Graates, then, sad iq that evsat. at the option of tbs boklse beeeo~ - without notice. all soma of moagr eeeured 6erebr shall, immediately sad oooeurreaty with such ooavayanoa, beoama dw sad payabM and said Note and Mortgap shall be L det~uk. TO HAVB AND TO HOLD tM aame~ together with all sad aiagular the tenernenta. baeeditamssb sod ap• prtrtsmaaoae tlsenunto bonging or in anywise appertaining and the reversion and rsversiona, remaiadsr and msinden, teats. issues sad profits thereof sad also aA the estate. right. title, interest. property. pwaessios,, dalm sad demand whataower as wdl is law as is equity of tM said Mortgagor in and to tM same and svwq pet sad pared tbenot unto the acid Mortgagee. and his heirs. sueeesson and aaaigas, in tee aimp4. And acid irloetgagor, tar 6imae1l, and hb heirs, Lga! repeeeentatives, auceeaeors and a»igaa. hereby oorn•oant• with acid lortgagee. his heirs, legs! representative. suecesson and assigns. that said Mortgagor is lodeteasibbr seised of said Lad m tee simphx that the said Mortgagor has toll power sad lawful eig?t tq convey the Sams io tee simple as aforewid: that it shall b Lwfiil for said Mortgagee, his heirs, legal reprsaentatives~ wrcoesoes and aesigos~ at all times peaceably and quietly to eater upon, bold, onvpy and enjoy said Lad sad eveyr part theesoh flat said Lad b tree from aU iacvmbnnoeec that said Mortgagor, his heirs, k~gd repeasaagtiws, wroasaors sod sasigna, wiD make such further asauranoee to perfect tM tee simple tit4 to said Lad is said Mrotgagew his heirs, Lgal repnseatatives. suoeesaors and ssaigas, as may rweoaably b. ngsired: sad that sale! Meetgagoe does hereby tbUj warrant the facia to said Lad ~ sad every pact thereof sad will defend the dame agaimR the lawful eLiass of all persona whomsoever. i It b understood that each of the words. "note". "mortgagar» and "moetgsgea» respeetivdr sad the peoaouas referring thereto, whether in the singular or plural anrwhees in fhb moetgage, ahaD be singnLr it one oabr sad.. - abaD be ph:tal iainty sad severally. if mars flan one. sad shaD b maxobaa, feminist asdlor aeotw. whsrsrsr . the oontart ss implies or admits. . { ~ And acid blortpgar for himself and his heirs. kigat repreeestatfvse. saoaseoes and sadgna, harrby ooveasats and agreay to sad wtth said Mortgagee. his legal repeeseatatives, suoaseoes sad aarigss: - 1. To all and sin Lr the rusci end interest and the wriow and PaP N P ~ Pd sundry sums of monar pyable bt virtue of said promissory note, and this mortgage, each and very. promptly oa the days sespectivdr the same i sweraDy become due. = Z. To py aU and singular the to:es, asaeaamenta, kwias, liab~7itiea, obligations and ineumbranoea of every ~ suture •nd kind now on said dexribed property. and/or that heraatter may be imposed. suffered. placed. kivied - or assessed tberenpon. •ndlor that hereafter may be levied or aasessd upon thin awetpge andlor the indabtedaeas i - secured hereby. each •nd every, when dw dad payable soooediag to - Lw. baton they baoome ddingnsot: aced before •ar interest attaches or any penalty b tacvrred:-and fa so far as any thereof b of record the saran shall be promptly satisfied and discharged of record and the origind otAcbl document Isnch as, for instanee~ the to , , , i ncsipt or the satisfaction paper otfi-dally endorsed ar certified) shall be pLeed in the hands of said Martg~sg~ss c 3 within ten days ae:t after payment: and is the event that any thereof b ~t so paid. saWfiad sad diaebargd, said Mort ~ gages may at any lima py tM acme ~ any part thereof without wdving or affecting say optics, lien, equity or right under or by virtue of this mortgage. and the full amount of each and every such payment shah r be immediately due and payabL and ahaD bear interest troea tM date- thereof natal paid at tM rate of tea per eentura per annum and together with such interest ahaU be scented by the lieo of thb'mortgaga. 9. To plea end continuoodr keep oa the burldmga now or beeeatur aituaia eo .said Lnd tin and wLdatorm t insurance in the uwal standard policy form. 6r a sum not its than flu amount dw hereon, is such oornpaay ' or wmpanies as easy be approved by said Mortgsger, and all such iaauraaa policies oa say of wad buddiags, aal? interest tbNeiD Or part thereof. iA the aggngau sum atonaaid Or is e:ceas tharot. shall eonlaia the usual standard mortgagee clause roakiog the km Hadar wad policies. each and every. parable to wad Mortgagee ss hIe lattreet may appear. and tech sad every sndr policy shall be prompttr daiivsed to and held br said Moetgagsec and, not less than tea days L sdvana d the eiplratan of tech poUey. to delayer to said Mortgagee • eearwd { thereof. together with • reoalpt for the pradum of web reaawak and then shay bs so such Issuessos plead eel •ny of paid buUdir+p, say iater+est therein or part therset. saleee ie tbs ices and with tM lets parable w aforesaid: sad IJn tba event asr sum of massy becomes payable order each policy sr p8eiss and said Yaetgagsa Bo i~ p~ , r