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24'7242
FIRST FEDERAL SAVINGS and LOAN ASSOCIATION
oF nM?anN couNrr
MORTGAGE DEED
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THIS ~(ORTGACE 1?~DENTURE. executecl this._.~ __.duy of A.D. 197~, by
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_ RESORTS, LIMITED, a Tennessee_ Limited_
Partnership authorized
to transact business in Florida
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uf the Couatv of State of ~ a inafter callad the !~tortgagois, wlrich term as used in every instanoe shall indude
the l~turtgagors heirs, execulors, adminisCrato~s~ svcces9ois, legal representatives and assigns~ either voluntazy by act of the
parties, or involuntary by operatian of 1aw and shall denote the aingular and (or) pluial, and the masailiae and (ac)
feminine aad natural and (or) aztificial peiso~~s, whenever and wherever the context so :equires or admits, p~rtiea of the
first pazt, and the FIRST FEDERAL SAVIhGS A1VD LOAN ASSOCIATION OF 11iARTIN GOUNTY. of Stuact, Flozida, a
wr~wrati~u r.~cis[iug w~~3rr ii+e 1:.ws c~t ~1~ Iiuric~i ~iai~a uf e~ueric~, 1nrrCin~itex c~3ieci tLe ~ei+~u~t?, w~ieh ~m as ased in
e~•ery instance shall include the Auaciation's successors, legal repr~sentatives and assigns, Pazty of the se~ond part.
WITNESSETH: That for divess good and valuable oonsiderations, and aleo iu ooasid~ation of the aggregate sum of
~nonep named in the promissory note of even date herewith, hereinafter desaibed, the Mortgagors do grant, bargaiq sell, aliea~
remise, release, convev and confirm unto the Associataq in fee simple the following described real estate, of which tTie mortgagors
are no~v seized and possessed and in actual possession, situate in the County of ~ St~te of Florida, to-wit:
. ucie
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
line of said Lot 1 and Southerly extension thereof, a distance of 2124. 84
feet; thence run North ?5°02'37" East to said center line of State Road AlA;
thence run South 21°13'52" East along said road center line a distance of
73. 93. feet to a poirrt in the ceirter line of State Road AlA; thence run North
81°0'1~38" East a distance of 51. 19 feet to a point of iurtersection with the
Easterly right of way line of State R,oad AlA and North line of Tract 16,
Plat of Nettles Island Project, Plat Book 16, Pages lA and 1B, public
records of St. Lucie Courrty, Florida, which point is point of beginning; thence
run South 21°13'52" East along the Easterly right of way line of State Road
' AlA a distance of 383. 43 feet to a point; thence North 75°29'09" East a
f
; distance of 470 feet more or Iess to the waters of the Atlantic Ocean; thence
s meander said waters Northwesterly a distance of 333 feet more or less to
~ a pourt of intersection with the North line of Tract 16; thence South 81°0?'38"
~ West a distance of 492. 19 feet to the point of beginning.
TOGETHER WITIi any and all right, title and interest which mortgagor has
~
~ or may have in and to that certain ftecreation Center Lease between Outdoor
Resorts of America, Inc. , a Tennessee corporation, as Lessor, and Outdoor
ftesorts At Nettles Island, Inc. , a Condominium, a Florida corporation not
for profit, as Lessee, dated April 1, 1971 and recorded April 13, 1971 in
Official Records Book 191, at pages 1899 et seq. , and re-recorded May 6, 1971
~ in Official Records Book 192, at pages 793 et seq. , St. Lucie County, Florida,
public records. s
~ Tr.i~ Ins:~ument Was Prepared By_ ~
~ F~RST ~EDERAL SAVIM1lGS AND LOAh ~
ASSOC~ATf N '
0 OF MaRTIN COUNTY j
989 South Federa; H~ghway, Stuart, Fla. ~
~ BY= ~r+/~_/5Q . ~ ~ ~2P//9~
1'OGETHER with all structurcx and improveme»ts now and hereafier on said land and the fiuhues attached thereto, and
:~ll rents, issues, prooeeds and profits aaxuing and w aocrue from said premices, all of which are included within the foregaing
~ d~scription and the habendum hereof; aLso all gas, steam, and electric water and other heating, oooldng, refrigeratimg, :
~ plumbing, ventilating, irrigating, and power system, machines, appliances, firtures and appurtenances, wbich are now ~arhm~ay ~
- hereaker pertain to or be used with, in or on said premises, even tbough they be detacbed or detachable, aIl of which it is hereby ~
agreed aze or when installed shall beoome a part of said real estate; and, if the above described property is now or shall he~e- s
after be used for commercial purposes, then the furniture and furnishings and any replacements tbe~+eof which ~iay be owned ~
b~• the !lfortgagors and which are now or may hereafter be located upon the above described property, ¢
~ TO HAVE A~D TO HOLD the same, together with the tenements, hereditaments and appurtenances, unto the Associ- T
,
~ :.tion, in ee simp e. }
~s And the Mort a on do hereby covenant with the Association that th are indefeasib seized of said Iand in fee simple• ~
g g ey ~Y
~ that they have full power and lawful right to convey said Iand in fee simple as aforesaid; that it shall be Iawf~d for tbe Association €
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~ RECEIYFA S o~
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~-~L~ IN PAYMEI'R OF TIO~S ;
p(lE pN CLASS 'C INTANGIBLE PERS01iAl PAO~ERn. i
~ J R p~~}~T 10 CHAPtER 71•134. ACTS Of 1811 ~ C
- ' uGi ~...L~3 Y~ct 97 ROGER f'UItItAS
~ Ci,ERK CIRCUIT COU R
T, S I. L U C I f 0 0.. fl A
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