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FIRST FEDERAL SAVINGS and LOAN ASSOCIATION
OF MARTIN COUNTY ~
MO RTGAG E D E E D 2~~6~
THIS r10RTCACE 11~iDE1~TURE, executeci this_..1~__day of._..-------Ma~----------~----------•-,-------------A.D. 19~~~, by
. ,--.-----------------,----~~T~,__.LIMiT~~2.--_a. T_enaesae~e__I~i~ooit~si~r.s.hi~g_.authorizgcL______
to traneact business in Florida
of the Covnty of Martin4 State o~f Plor3ds, ~ oaDed the Moitgagots, wLich term as used inevory inttanoe slwll indirde
che Martgagors' heir:, mcecvtas. adminisbr4t'as. suooessoas. 1ega1 re~tabvGS and as~OS, etther v~olnntary by act of d~e
patties, or iav~oinntary by operation oE Lw ~nd s6~11 denote the singuiar and (a) phiral. and the masciiline aad ~(a~)
femmiue aad naturai aud (ar) adiHdal pe.~aans, w~ xnd wvee+eve+r the oo~te:t so requins ot admits, p4tties of t6e
first p~ and tbe FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MARTIN DOUNTY. af Stua~ Ffocida, a
corporation ~g under thc ~aws ~ ibe United States aE Amerip, ~ caUed tLe As~odatian, ar6ich tam ss used in
every instance shall indude the Asmcaatioa's snxes~ors, ~eegal n~x~esentativ~es and assig~ns, ~ty af tbe seeond par~
WITNESSETH: ~at far divers gaod aad valuabb ooosiderations, and atso in oaa~sidaation af the agg~regate sum af
~noney named in the p~om~ssory note of even data herevvitb, Lec~eu~after desc~ibed, the Mort8a8°in ~ 8~~. ~~4
~-em;se, rel~se, oonvey and oonHrw uato the Assoc3atton, in fee simple the following desaibed real estate, of whicb the m~tga8a:s
:?rc now seized and possessed and in actual possessiaq situate in the County of ~i9L, State of F1o~ida, to-wit:
St. Lucie
Start at the Northwest corner of Government Lot 1, Section 2, Township 37 South,
Range 41 East; thence run South 00°08'21" East, along the West Iine of said Lot 1
and Southerly extension thereof, a distance of 2124. 84 feet; thence run North
?5°02~3?" East to $aid center li.ne of State Road AlA; thence run South 21°13~52"
East along said road center line a distance of 73. 93 feet to a point in the center
line of State Road AlA; thence run North 81°07'38'~ East a distance of 51.19 feet to
point of intersection with the Easterly right-of-way line of State Road AIA and
North li.ne of Tract 16, Piat of Nettles Island Project, Plat Book 16, page 1 B,
Public Records of St. Iucie County, Florida, which point is point of beginning;
thence run South 21°13~52" East along the Easterly right-of-way line of State R,oad
AlA a dista~nce of 383.43 feet to a point; thence North 75°29'09" Ea$t a diatance of
474 feet more or less, to the waters of the Atlanti.c Ocean; thence rneander said
waters Northweaterly a distance o# 333 feet, more or less, to a point of intersection
with the Nor#h line of Tract 16; thence South 81°07~38" West a distance of 492.19
feet to the point of beginnuig.
TOGETHER, WITH any and all right, title and interest which mortgagor has or may
have in and to that certain R,ecreation Center Lease between Outdoor Resorts o€
America, Inc. , a Tennessee corporation, as Lessor, and Outdoor Resorts At ,
Nettlea Island, Inc. , a Condominium, a Florida corporation not for profit, as ~
Lessee, dated April 1, 19?1 and recorded April 13, 1971 in Official Records Book
; 191. at pages l899 et seq. , and re-recorded M~y 6, 1971 in Off'icial Records Book
192, at pages 793 et seq. , St. Lucie County, Florida, public records.
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~ FIR~ST F S/1VINGS~AND i.o~w I a' ~ tM11~R M~
F ASSOCl~f MAR71N COUfITY ~~S
E 9$9 South Federsl Highwar. Stuart. Fls- n~, ~~~,rn !
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Z'OGETHER with all structures and improvements now aad hereafter ao said ]and and the fahma atbched t~a~eto, and
all reats iasues~p~c~eds and profib~ung and tu aocrue b~om said prem~es ~ell ~ wbich a~ ~oclnded wfthio the fi~~~
.
' des«iption aad tbe babendimn hereof; alw aIl gas, sceam, and electric water and other haating oooldng nfri8~ra~ng,
p tmg
umb g, veahlatmg~ imgatmg~ and powes system, machnnes, a , fizhues and ap~pOrtenanoes, w~iCh are naw oc may
hereaker pectain to ~ be used witb, in or on aaid pcemises, evea gh be dotacbed or d~bley aII of wbich ~t is ha~eby
a~re~ are or when instaIIed shall beoome a Imrt of said ~al es~ete; and.~ the above d e
s c
n'
b a
l propaty i s n o
w or shall Leie-
se
a~ter be used fa oommercial piuposea, then tbe fumihn+e and furnishings and any replaoe~eats tbeaeof wbidi may be c~wned
by the !liortgagara and which are naw er may hereafhx be joc.ated upon the abwe des~'bed pcoperty.
~ TO HAZ'E AND TO HOLD the same, togather with the teaemeub, hereditameAts and apjxuteoances, unto tbe A.ssoci-
~ ati~?, in fee simple.
~ And ibe Mortgagon do h~by? oavenant with the Associsaoo tbat tbey are findef~y seized af said Iand 'm fee simpie;
! that they have full power and ]awfn~ right to aonvey said Lad in fee sumple as aforesaid; d~at ft s6at[ be lswfid for tbe Assoc~ation
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