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MORTC,AG6 DE6D ~~~85~
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F.xecuted the ~'"rH day oJ September .~1. D. 1973 ,
by _
BEACH CLUB DEVELOPMENT CORP., a Florida corporation,
hereinu/'ter called t.he Moit~a~or, to
BEACH CLUB COLONY OF STUART, INC., a Florida corporation,
he.r~iirajtPr ~alled the J11ort~a~ee.
Wiinesseth~ t~hat for divers ~ood and valuable considerations, and also in
_ e.~r~.c~c~eratinn of the a~~re~a,te sum named in the prnmissory note of even date here-
---with,-heretHaft~e~d~scr:'bed,-th~said-.1Ko~t~~'vr,~oes_~t~t, ba~rgain~ sell alien remise - -
release, conveJ and conJfrm :into the said .~fort~a~ee, in fee simple, all that certain
tract of land, of :rhich the said .hlortga~or is now seized and possessed, aend in actruil
possession, situate in St. Lueie County, Stcate of Flori,d.a, described
u~s follows: -
See Exhibit A attached hereto and made a part hereof
for legal description.
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p~NNT TO AU~~~ 71-131~~ r/~
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~ 140~ I' r~c~ce,1 (-~ve . `
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~ TO Have and to Hold the sdm.e, to~ether with the tenements, heredita- ~
ments and appurtenances, un.to the said Mortgagee in fee simple. ~
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~ Arid said .hfort~a$or does eoveneant with said .Mortgd~ee thctt said JFtort~a,gor
" ia indefectsibly seized of aaid land in~ fee simple; that the said JKortga~or has full
~ power and lawful right to convey 8ctid land in fee Simple as aforesaid; that it sh~ctlt be
law ul or said Mort a ee at all ti~nea eaeeabl and uietl to enter u n hold
f' f P y 9 il P~ , ,
~ oeeu dnd e o said land; that 8aid land is ee rom all ineumbranees • that sctid
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~ Mortga~nr will make such further as8uranc~s to perject the fee 8irriple title to 8aid
land in aaid Mortgagee a.B m.ay reaBOnably be required; dnd that said JKort~ct~or ;
~ doea hereb~ fully warrant the titl~e to aczid letind and will defend the sctim,e a~ainat the {
~ la,wfut clo,ima of o,ll peraona whom.aoevar. 0 R ;
BooK z1$ PaCE 7~,$ ~
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