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FlRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
MO RTGAC E D E E D
THIS ~IORTCAGL•' 1~DE~TL'RE, excY•~~~rd dus _ 19th, c1~>>~ of February n.D. 1974 , by ~
EUGENE D., VAL.EN'~I and J~_CK.~E. HANNA VALENTI, his wife, _
<~F the Cuunty of !11:utin, State of Florida, hereinafter called the \lortgagors, ~vhich tenn as used in every ~utance shalt include
tl?e ~turtgagors heirs, executurs, administrators, successors, legal representatives and assigns, eithcr voluntary by act of the
purties, or involui~t:uy by operation of law and 'shall denote the singutar and (ar) plur.il, and the m.asculine and (or)
teminine and natural aad (or) :utificia! perso~es, ~vhenever and wheret~er the context so mquires or admits, ~rties of d~e
lirst part, and the F1RST FEDERAL SA~'1\GS AND LOM' ASSOCIATION OF \fART1N COUNTI, of Stuart, Florida, u
coriwration existing tu~drr the lsws of the Unitecl States oE Ameriea, hereinafter eallecl the Assoc:.^.tion, whieh term as used in
~•~~cn~ instance shall include tlie Association's successors, legal mpresentatives and assigns, party of ihe second part.
~~'1T\ESSETH: That for divers good and valuable considcrations, and aLso in consideration of the aggregate sum of
~nour~• named in the promissory note of even date herewith, hereinafter described, the :?iortgagors do grant, bargain, sell, alien,
trmise, release, conveti~ and confirm unto the Association, in fee simplc the follo~~•ing describcd real estate, af which the mortgagors
..re• no~~• seizecl and possessed and in aetual possession, situate in the Count of ~iYc~ State of Florida, to-«zt;
~t, Lucie
Apartment 103, of BEACH CLUB COLONY CONDOMIIYIUM APARTMENTS,
CONDOMINNM BUILDING "B", A CONDOMINIUM,. according to the Declaration
of Condominium thereof, dated February 6, 1974 and recorded February 11, 1974
in Official Records Book 223, page 2335. et seq, , St. Lucie County, Florida,
public records. .
The failure of the mortgagor herein to comply with and abide by, and to pay all "
the assessments required of said mortgagor when due, pu: suant to the Declaration
of Condominium of Beach Club Colony Condom~nium Apartments, Condominium
; Building "B". A Condominium, as recorded in the public records of St. Lucie
` County, F'lorida, as aforedescribed, and on exhibit attached thereto, shall
! constitute an event of default under this mortgage.
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TOGETHER with all strurtures and imprv~•ements now and hereafter on said lar~, and the fixiures attached thereto, and
:ilt rents, issues, proc~eeds and profits aecruing and to accrue from said premises, all of which are included within the foregoing
description and the habendum hereof; also all gas, steam, and electric ~vater and other heating, eooking, refrigerating, lighting,
plumbing, ventilating, irrigating, and power system, machines, appliances, futures and appurtenances, which are no~v or may
hereafter pertain to or be used with, in or on said premises, even ihough ihey be detached or detachable, all of which it is hereby
:i~reed :ue or ~vhcn install+ed shall become a part oE said real estate; and, if the above described property is now or shall here-
after be used for commereial purposes, then the fumiture and furnishings and any replacements thereof which may be owned
by the ~tortgagors and ~vl?ich are now or may hereafter be tocated upon the above described property.
' TO HA\'E A\D TO HOLD the same, together Hzth the tenements, hereditaments and appurtenances, iu~to the Associ-
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:.tion, in fee simple. ~
And the Mortgagors do hereby covenant with the Association that they are indefeasibly seized of said Iand in fee simple;
that they have faU power and la~~~fut right to convey said land in fPe simple ss aEoresaid; ihat it shall be lawf~~l for the Association
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