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Home My WebLink About0435 ~ 2626`70 ~ THi~ .ti1(~RTG.aGE 1Nnhy~'tJRF Exetuted this 3 B day of ~ V~ V'S ' , A. D. 19K73, bY BEACH CLUB DEVELOPMENT CORP p~rty ot the fint put (hereinafter called Mortg~gor), to cr/./LG ~.~A~7~ e/~ ~.eZ%lL1G o• ..ow~.. a corpor~tion cxisting under the l~~n of the United S4tee of Arneriea. party ot the seeond part (herelnafter ealled the Asaoeiation), R?1TNESSETH, That for divera good and v~luable eonaideration~, •nd to ~eeure We payment of the s~Qre- pte ~um oi money namod in the promissory not~ oi even date hsrewith, herein~iter mentioned. totether with intareat thereon and ~ll other sums o! money ~ecared h~reby as hereinatter provided, the Mort~Qor doea ~rant~ bur~in, ~ell, ali~n. remi~. relesss. eonvey and conQrm unto the Atsociation, in fee ~imple, ths followinQ describ~tn~lLe~t~l~ oi whfeL tb~ l[ort~asor is rtow sei:ed and posuss~d. ~nd in actual posseaior~ ~ituate in the County oi 3tat~ of ~'brida, lesally deseribed as folloa~: See Addendum attached hereto and made a part hereof and incorporated herein by reference for all purposes. „ e STA E QF ~LO R I iD A~ ff~ - v~ IN PAYMEKf ~F T11X~ UOCUMEl~iTARIf STAMQ T.ti?_ ~ z ~sr' "-s~• Ol~ 011 CU1SS 'C INTAN610LE rER90ttAt rAD~fAIY, °c~ OEPT.Oi REVENUE i `i'` • • t`~c C I plIR~UM1 TO CFiJ1PTER 71•134. IYCIS OI l~Tl. ~,f~ tn ~ ~ w:J.10~~, ~ i• v 7~7. O O~ RO(aEQ P~17RAS ~ = ~i o2 ~ Ot~ CIRCUIT OOURT, St. Lt1CIE 00.. ft~ ~ - 0 TO('ETHEB with alt struetnrea and improvements no~r and hereafter on said land and the fixturea attaehed - thereto. also together with al! and singular the tenements, hereditamenta. eaaementa. riparian righta and appurtenances thrreunto belonging. or in any wise appertaining, snd the rents. is~ues, and profits thereoi, and also sll the estate, right. tide. interest and all claims and demands whataoever. ss weU in law aa in equity. ot eaid Mortga~or in and to the same. and every part and panel thereot. and also all gas and electric flxtures, ndiators. heatera. air eonditioning equipment, machinery. Doilers. ranges. elevatora •nd motora, bstl~ tubs, ainks, water elosets. w~ter baains. pipea, fauceta. and other plumbing and heating 8:tures. tnantels. refrigerating piants and ice boxes. window xreens. scnen doors, venetian blinda, storm ahuttera and awnings, which are now or may hereaiter pertain to or be used with. in or on said prem- ises. even though they be detached or detachable. are and ahall be deemed to be ll:tures and accessions to the iree- hold and a p:rt of the realty. and. ii the above deseribed property is now or shsll hereafter be used for eommercial purposes. then the furniture and furniahing~ and any replacementa thereot which may be owned by the bdortgagors and ~vhich sre now or msy hereafter be located upon the above deacribed propetty. TO HAVE AND TO HOLD the aamc, togethtr with all the eat~te. right. title. interest. homestead. do~rer and riQht of dower, separate eatate, posaenaion, claim and demand whctaoever, in la~v or in equity, oi the said blortg~Qor in and to the same, and every p~?rt thereof. unto the daid Aasoeiation in fee simple. ' The Ddortsa~or henby covecu?ts with the Aasoeiation that We MostgsQor ia indefeaaibly aei:ed vrith the ab- ' solute and fee sirnple title to said prnperty. ~nd has tull power and lawful authority to se11. eonve~. transter and n~ort- ' ~sp th~ same; that it shall bs lawinl at sny tims herafter for the Assaci~tion to peaeeablY and quietly enter npon. ~ ha~e. hold. and enjoy ~id propert~~ •nd every part thereoi; thst said pmperty is ires and diicharged lrom all liens. e~wnbrances. and cltims of any kind, including t~es and assesaments. except the lien hereoi. which is a first lien ~ on s~d proprsty; that the MortQaQor will mske eueh furth~r aasnnncei to perfeet the fee simple title to said ptop- ~ erty in the Association as may ressonably be rtquired; and that the HortQa~or doea henby fully warnnt unto'the € Aaroetation the title to said property and arill defend ~ame aQainst th~ mortpge claims and demands of all persons whomwever. ~ NOW. THEItEFOItE. tha conditlon oi Wi~ mortsass is such that fi !h~ Mort~a~or ~hall weU and truly pty ~ unto th~ Associstion, ths indebtednei~ evidenced by that eertain pmmiuo note oi ~ven date henwith, made b~ the ~ Mort~aaor and ysy~ble to the A~sociatlon. ia the principal anm ot $4~0~ d00.00 DOLLARS : ~ co~ether wich inceceit as chereie sc~ced~ parsble o~er a ceree of 3 monc6s. a~d sh~ll ~ perform. compir wrich aad abide by e~ch and e~ery the stipulation~. ajteemeats. eoedicioos and co~en~o~s conc~ined and sec ~ fonh in chis morcaaae and in ehe promissory no~e ~eeuced hereby. chee ~his mort~a~e aad che e~tace hereby created shall ceaae ~ and se nuU and ~oid. ~ AND the ~ortsa~or dos~ h~trbp co/Msant ~nd arse~; ~ l. To pay all and ~fe~nl~r th~ prlndpal and 1nt~rat ~nd oth~r sum~ oi mone~ pa7~bla by ~irtu~ o! said ~ ' prom4wr~ nob and thi~ mortpp~ or ~fther. promptly on th~ da~n rMy~cdvd~ ths sam~ wv~nll~ b~- f eom~ dn~. 2. To pay all and singular the taxes, assessments, other governmental levles. llabilities. obllBatfons and encumbrances of evety nature on sald described property each and every when due and payable accotding to law, before they become delinQuent and. if the same shali not be promptly paid. the ~ Assoctatton may at any t1me, either before or after delinQuency. DeY ~he same without waiving or ~ aftecting the optlon to toteclose. or any right hereundet. and every DeY~nt so made shall bear ~ lnterest trom the date thereof at the ~ote of ten Der cent (10%) Det anaum. - i. Tbat tb~ Yort~or wfil k~~p all rwl and personal proy~st7 no*? or h~s+after eneumbered by t!N Il~n of tbb mort~ ieunnd a~ mar b~ zpnired from duu to dma b~ th~ Aaroel~Non ~i~ut los~ bp llrr. = wlnd~torm and other hasard~. eunalHw ~nd eontinpne4s for ~neh p~rlod~ aad !or rwt 1MS tban ~nch " amonnt~ s~ en~~ b~ rpnlr~d b~ tb~ Awo~et~tlon and to pa~ yromPtl~ wMn dw all pr~mlum~ tor ~uch r' in~arsee~. Yortta`or ass~e~ to d~liver xn~wal oe r~plaam~ut pelkfM oi anr n~tws or rpl~e~~nt ent!lfatM oi huarana to tla A~soeiatlon. at Iwst ta? (10) d~7~ Orlor to t1N ~spie~don or analn~rps~ . ~ d~t~ ot tM ~ttes oe1k1M. Th~ amonnt~ of insaranN *+4dr~d b7 t~ Aa~oefotloa ~hall b~ tb~ teWmnm ~ aa~ooAta tor wh{eb rafd lasnnna shall b writt~a aad it sbsU b~ iaetu~abwt upoa t1N Yo~a~oe to m~tu. Wn sneb additio~l teunr~ne~ ~ n~~ b~ n~a~r~r to au~! ~nd eomDl~ ihll~ wttA ~Ii eo-famr~aea t~- ~ ~ ~ ~ ~ - 6~R~ 218 ~~~t 4~5 - ~ . ~ ~ ~ ~ ~ ~ _ry ~ ~ ~ ~~~3..~~ ~ ~.__._~...~5~~