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fIRST NATIONAL BANK AND TRUST COMPANY .
JUPITER/TEQUESTA
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THIS MORTGAGE INDENTURE executed this 6 th day of Novembe r 19 7 2
by
CHARLES A. NUGENT, JR. and BARBARA A. NUGENT, his wife
of the County of Palm Beach , State of Florida, hereinafter calted the Mortgagor, which term as used in every
~nstance shali include the Mortgagor's heirs, executors, successors, legal representatives, and assigns, including all sub-
sequent grantees, either voluntarily by act of the parties, or involuntarity by operation of law and shall denote the
singular and;'or plural, and the masculine and/or feminine and the natural and;'or artificial persons, whenever and
wherever the context so requires or admits, as parties of fhe firsf part, and FIRST NATIONA! BANK AND 7RUST COMPANY,
JUPiTER/TEQUESTA, a corporation existing under the laws of the United States, hereinafter called the Mortgagee, which
term as used in every instance shall include the Mortgagee's successors, legal representatives, and assigns as party of the
second part.
WlTNESSETH, 7hat for divers good and valuable considerations, and also in consideration of the aggregate
sum of money named in the promissory note of even date herewith, hereinaNer described, the Mo~tg~go~ does gront,
bargain, sell, alien, remise, release, convey, and confirm unto the Mortgagee, in fee simple, the following described
reai estate, of whith ihe Mortgagor is now seized and posscssed, and in adual possession, situate in the County of
St. LuCie , State of Florida, to-wit:
Lot 10 - Section II, Outdoor Resorts of America, Inc.,
Nettles Island, Florida, being more particularly described
as follows:
Lot No. 10-II in that certain Condominium bai~e known as
Outdoor Resorts at NETTLES Island, as shown by a Plat of
said Condominium which has been recorded in the OFFICE OF
CIRCUIT COURT in and for St. Lucie County, Florida, in
Plat Book 16, page 1:1A through 1J, together with an un-
divided interest in and to, as well as the right of use of,
the common use elements o£ said Condominium.
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TOGETHER with all structures and improvements now and hereafter on said land and the fixtures attached
thereto and all rents, issues, proceeds, and profits accruing and to accrue from said premises alt of which are included
within the foregoi~g deuription and the habendum hereof. Also all gas, steam, electric, water and other heating,
cooking, refrigerating, lighting, plumbing, ventilating, irrigating, and power systems, machines, appliances, fixtures
and appunenances, which now or may hereafter pe~tain to or be used with, in or on said premises, eve~ though tF~ey
may be detached or detachable.
IT IS ~AUTUAILY COVENANTEO AND AGREED by and between the parties hereto that upon request of the Mort-
gagor, the Mortgagee may hereafter, at its opt~on, at anytime within twenty (20j years from the date hereot and be-
fore fuii payment of this mortgage and notes secured hereby, make further advances to the Mortgagor and any such
fu~ther advances, with interest, shall be secured by this mortgage and shall be evidenced by an additional note then
vnpaid, and the total amount of indebtedness that may be se:used by this mortgage may decrease or ;ncrease from time
to time, but the total unpaid balance so secured at any one time shail not exceed the maximum principa! sum of
= 6~500. 00 together with interest thereon and any and all disbursements made by ihe Mortgagee for the
payment of taxes, ievies, or insurance o~ ihe property covered by the lien of this morfgage with inte?est on such disburse-
ments at the rate specified in the note referred to in this mortgage, and for reasonable attorney's fees and court costs
~ncur~ed in the col~ection of any or all of such sums of money.
~~209 ~~A~?~00?
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