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, ' FLORI DA MORTGAGE DEC D
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THIS A~qRTGAGE DEED, executed this 4th day of J~e , ;
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" 1971, by a~d between OUTDOOR RESORTS OF AMERICA, INC., a ;
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Tennessee Corporation, hereinafter called the Mortgagor, t.
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to CC~NTINE~TAL MORTGAGE INVESTORS, a Massachusetts Susiness
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Trust, hereinafter called the Mo~tgagee, ~
W I T N E S S E T H:
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That for divers good and valuable considerations, and ~ i
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also in consideration of the sum named in the promissory ~
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note of even date herewith, hereinafter desc~ibed, the said L
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Mortgagor does grant, bargain, sell, alien, remise, release, °
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caonvey and confirm unto the said Mortgagee, in fee simple,
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all that certain tract of land, of which the said Mortgagor
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is now seized and possessed, and in actual possession, situate j"
in Polk and St. Lucie Counties, Florida, more~particularly "
described as follo~ws :
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See Exhibit "A" and "~-1" ~
attached hereto and- - l
made a p art hereo f.
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Toqether with :
(a! The rents, issues and profits of all property
hypothecated hereby, SUBJECT, HO~r1EVER, to the right, {
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?~t~' power, and authority to be given to and conferred
~ upon Mortgagee to declare a c~ndominium for property
described in Exhibit "A" and "A-1" hereof, (the form of
whiEh sha11 be subject to Mortgagee's approval) , and to '
This Instrument was collect and apply fifty per eent (50$) of such rents,
prepared by:
Robert A. Vale issues and profits, resulting fro:n the lease of indi-
Mortgage Consulranh vidual cohdominium lots by Mort7agee (or its nominee?
420 South Dixie Highway
Coral Gobles, Ftorida
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