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Home My WebLink About0555 i~, BUIlOING "0" 4~~4 THIS i?tORTGAGE DEED, made end a:ecuted the 12th day of October 19 _ 7~_ by Robert W. Gillan..lr_ And Mar~eriP ~ ~i1lana~,~Nife Of 105(1 Mnntonn a... ...............~Dr. , rritt Island. Fl_ ~~gSP beninatter called the Mortgagor. which term ehaU include the hens. legal npreaeetatives, succesaon and uaigns- o? the acid Mortgagor wherever the context so rtquves or admits. to TURTLE REEF ASSOCIATES, INC.. P.O. Box 618, Jensen Beach. FL 3357 hereiaatter called' the Mortgagee, which term shall include the successors aad assigas of tM wid Mortgagee wherever the context ao requires or adnrits. WITNESSETH: That for deven good and valuabb conaiderataaa. and also in considentipn of tM aggrepta sti:m named in tM promissory sofa of even date herewith hereinafter described. tM said Mortgagor doq hereby grant, bargain, sell, alien. remise, release, convey and contuur unto the acid ~tortpgse. his heirs. suasssas ande ~ aaaisns, all the certain pies.... grcei.... or tract..., of land, of which the acid Mortgagor is cow seirad ~ „ f_ poaanaed and iaactual poaaesaan. situate in the County of 3t. Lucie and State of Fbrida, deaaibd as toMws!" ~ ti C- ~ fr ~ Unit Weeks. 35 and 36 i n Condomi ni um D 15 ~ t~~ c ^ ;S`i consisting of Apartment Number D 15 and its undivided shi3r~ ~ of the common elements of Turtle Reef Condominium I, as such is i~~ described in the Master Form Deed, recorded in Official Records Book ~ .3 263, Page 2002. This is a purchase money mortgage. N~~'" c`-• a It ie tirther agreed between the partite to this mortgagra that, in addition to the terms and ooaditioos sett,; : ; . , oil bereia. u • conveyance should be rash by tM Mortgagor of the pe:miaee herein described, or sap part" " thaesot. wkbout t3»t obtaining both tM written consent of tln bolder hw~ aad as a»amptioa et this obligation, to writing. by the Dew proposed Grantee. tbea aad be that weal. at tin option of the holdse Mesoir without notice, all sums of mosey eecured 6aroby shall, Idrmdiataly aad ooacurreatly with such eonvepaoosr bsooma dw and gyabta and said Nona aad Mortgep shall ba to default. TO HAVB AND TO HOLD tM same, together with all aad aiagu)ar the teaarosats. bscaditamsats and ap~ purtaaaous theeauato bbagiag or in aayerise appertsiaiag and tM reveraan aad nversioos~ remainder and er maiada», rants. ieeuee aad proCrts thereof aad also all tM estate. right. title, interest. property. posaeasion, etalm aad demand wbatsower as well Ia law as in equity of the said Mortgagor in and to tM lama and warp part and pared thereof unto the said Mortgsgee. and hie heirs. successors and assigns. in tee simple. And said Mortgagor. for himself. and his hairs. legal reprassetatives, sueasaoies aad assigns. banbt oorwsoanta with said Mortpgee, bin heirs, legal repreaentativas, sueeeasoes aad aasigaa. that acid Mortgagor L iadefsasr'bb seised of said land in tea simpLx that the said Mortgagor has !Wl power and lawful right tq convey tba same in tea aimpLt as aforesaid: flat it shall b lawful for wid Mortgagee. his heirs, legal reprseaatatiraa. srreaseors and asaigar~ at all tireree • psateably and quietly to eater npoa. bold. ooeipy aad enjoy said Lead and sung part tbaesof: that said Lead V tree from all iacumbranoseC that said Mortgagor. hie bars, legal rspeeesntativea. snaesaoes aad assigaa. w~71 make such further aaauranosa to perfect the tea eimpLt title to acid Lead in eaW Mrotgagss~ { his ba+ra, legal representatives. successors aad assigns. as map nasoaably be regretted: and that said Mortgagor dons hereby tiUr warrant tba tiW to said land and every part thereof aad will debnd tba wm~ agabst tlr IawfW daiens of alt persons whomsower. ~ It b urdsrstood that each of the words "note". "mortgagor" aad "moetgsges» reepaetlvely aad tits peonauaa i referring thereto. wbetMr is the singular a plural anywhere is this rnortgsge, shalt ba stagnlar N osn a~? aad. . ~ shall be phwal jointly aad wvanUy, if more than one, and sbaD b maxntina, ismieiaa andJoe enntar. wbsesree tba eonu:t so impLea Or admits. And said Mortgagor for hia»el! and his heirs. Mgal npreaaotatfvse. s+rocessors aad assigns. hereby oovelnab and agrees to aad with said Mortgagee. hie legal capeeseotatives, aicaseors and assigns` 1. To pay all and singular the principal and taterest and the various and su~rp sums of monrlr gyable by p mortgage, catty. promptly oe tln days teapeetiwly tM Lama ` virtue of said romissory note. and thin _ tech aad sweraUy become due. _ Z. To pay all end singular the tares, aasaamenb, le~riee. liabr7ities, obligations and iaeumbranop of every nature and triad sow on said dearn"bed property, and/or that bersatter may ba imposed. suffered. placed. levied or aaxaaed thereapoa. •ndtor that hereafter may be levied or assessed upon tbta mortpga and/or the iodebtedasse secured hereby. tech and very, when dw aad payab4 acceding to law. before they beooma de4ngnent, aad ~ before any iatereat attaches or say penalty V tacvrnd: and sA so tar as air thered b of tecard the teen sbaD b promptly satisfied and discharged of record aad the original ottkial doenmeat tsneh as. toe iastanas, the tors ! receipt or tba aatiataction gper officially sadorsed or ceetifiedl ehslt be placed io the heads of said Maetgagw within ten days ore:t otter payment: and in tM carat that any thereof b not a0 paid. utisfied and discharged, said Mortgsgae asay at say lima qy tba came a any part thereof witbont waiving or attacting any option. i ~ lien, equity or right under or by virtue of this mortgage, and the full amount of each aad every such gymtat shall ~ be immediately due and gyable and shalt bear iatereat from the daft thereof antD paid at the rate o! tea per s Denture per aaaum and together with such iatrrsat shall be stetted by the ties of tbts'mortgage. { i 3. To plea and continuously keep on the buDdiaga now or 6e:tiahar situate ee said land fin and wtodatars iasursnce in the uauel standard policy (Drat, iA • sum not lea than tbs amount dw Mreoa, is such company a companies may be approved by acid Mortgagee: and aD each iaauraaos policies oa say of said bindings, sap Interest therein or part thereo/, in the aggregate snm aforesaid or is e:ceas tttseeot shall ooataio the vswl ataaderd mortgagsa chase taakir?g the lose carder said policies, sacb and e+?sry. payable to said Nortgagea ore hie latrreet may appear. and each aad every sneft pocky shall ba promptly delisted M aad held by said tiloetpgssp and. not less than tea days 1n e~dranee of tba aspiration of each pocky. to deliver to said Mortgages a eeerwal thereof. together with a teosipt for tM prsmiasA of such naewak aad (bees dr1 b ore snels lasiranos pLu»d oa •ey of acid buildings. any interest thweia a< part thereat. nnlees to tbs form and wlth the loo paysbN v ~ aforesaid: and fo tba went any sum of many becomes payable Hader sneh policy er~~glkisa and said Yaetssgsa i. i ~ i B~KVJJ P~f ` . . _