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HomeMy WebLinkAbout0150~ ~. a~r~~ ~~ i~t,E~.~C! ~_r~ EI(25l° FEDERAL SAVINGS and l_tDAN AS~t~CIATI®N OF MARTIN COUNTY MC)l~~TGAGE DEED 31st da+' of October A.D. lsc 2 , by 'I'RIS \IOit"1'CA(a: 1\DE\'I'L,F1E, exec•uteel this _ MARE B. IIUTCI-~NSOI~1, u~imarried --- of the Ct,..,:is• of ~lurti~?, :`.tte of Florida, hereinafter cailcYl the \lurt~•tt;w-s, ++'hich term as usa•cl iu cs•cn iu,t:nu•e shall ine•lude the ;~iurtgagors' heirs, exccuto=s, administrators, sucresson, legal representative; and assigns, either +•oluntan• b+• :ut of the parties, or involuntary b}• operation of la++• ana shalt denote the singular and (or) plural, ;uui the nrrsculine and (or) feminine wul naturnl and (or) artificial perso;s, ++•hene+'er and ++•herc»er the ce,ntext su reciuires ur admits, p:rrtics of the first part, and the FIRST FEDERAL SAVItiGS AND LOAN ASSOC:r_A"1'10\ OF \IAIi"['1V COU\'Tl', of Stuart, 1•'lorida, :t eorlx~ratinn existing under the laws of the United States of Anu•riea, hereinafter calleel tht• Asscx•r:aiun, +vhic•h te•rnt as ust~d in every instancy shalt include the Association's suerr~ssors, legal representatives and assigns, parh• of the second part. ~1'I i•NESSE"I'll: That for divers good and valuable considerations, ant! also in cronsiderrtion of the aggregate sum of n,une+• named in tht• prun,isson• note of even date herewith, hereinafter described, the Mortgagor. du grant, hargain, sell,~a~en, remise, release, conve+• and crnfinn unto the Association, in fee simple the follu++•ing tltwt•rilxd n:a estate, of +sl:ich the nu,rt ,ors are now seirecl an<l lwssessed and in actual lx,sscssiun, situate in the Counts{ f L}4~~, a tale of Fhtrida, tu-t+'it: Lots 6, 7 and 8 of Block 4 of 1\gARION HEIGHTS SUBDIVISION, being a subdivision of the NEq of the NE •of tyre SW of the NE and the S~ of the NE4 of the SV6'; of the NE cf Section 20, Township 35 South, Range 40 East, as per plat thereof filed in P~_at Book 10, Yage 28 of the public records of St. Lucie County, Florida . The term of this mortgage is twenty seven (27? years from October 31, 1962, at which time any unpaid balance s:iall be due. rZeceived S~L_D ~ in payment of taxes due on Ci~~s 'C' Intangible P erscnal Property pursuant to ~~i,;~(ii~4. L~r,s of f iFr~~'.a, :,, s of 1941 - `~' 'fOGE'I'HER w_th all structures and improvements nmv and hereafter on said land and the fizh:res aitached thereto, and all rents, issues, proceeds and profits accruing and to accrue from said premises, all of which are included within the foregoing desorption and the habendum hereof; also all gas, steam, and electric water and other heating, cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power system, machines, apnHancc~s, fixtures and appurtenances, which are now or may hereafter pertain to or be used ++~th, in or on sari premises, even trough they be detached or detachable, all ~f which it is }:ereby a eed arc or ++•hen installed. shall become a part of said real estate; and, if the abevc desc•rtx>d property is no+e or shall here- after be .LSed for commercial purposes, then the furniture and furnishing; anti any replacements thereof ++•hich may be owned by the ~.ifirtga'~,ors end +vhich are now or may hereafter be located upon the above described property. TO RAVE A\TJ TO HOLD the same, together ++•ith the tenernents, hereditaments and appurtenances, unto the Assx•i- ation, in fee simple. And the '.lortgA~Ori do hereby covenant with the Association that they are indefeasibly seized of said land in fee simple; that they haves full power and lawful right to convey said land iu fee simple as aforesaid; that it shall be lawful for the Assoeiatiorr