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FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
MORTGAGE DEED
'1'HIS \IOR'1'CACL•' 1\DE\TURE, excYUtcKI this 19~ c1:?~' of February A.U. 19 ?4 , by
FRANK DURGOL~O, JR. and THERESA DURCOLO, his wife and ^
HAROLD M. JENSEN and STELLA JENSEN, his wife
~~E the Cuunty of :~fartin, State of Florida, hereinaft~r called the ~lortgagors~ ~~~hich term as uscd in even• iust:u~ce shall include
the ~turtgagors' heirs, eacccutors, administrators, successors, legal representatives and assig~u, either voluntary• by art of the
parties, or involuntary by operation af law and shall deaote the singular aiid (or) plur:il, and the masculine and (or)
frminine and natural and (or) :utificial persoi~s, ~ehenever and whete~•er the context so n~c~uires or admits, ~urties of dio
iirst part, and the FIRST FEDERAL SAVIKCS AND LOAI~ ASSOCIATION OF \fART1N. COUNTY, of Stu:?rt, Floricl:?, a
~wriwration e.~cistin~ undrr the luws of the Uuited States of Ameriea, hereinafter ealleci the Assoei::tion, whieh term as used in
~~~~erv instance shall iuclude the Associatiort's successors, legal representatives and assigns, pazty of the second part.
_~~'1TI~ESSETH: Tliat fur ciivers good and valuable cons~drrations, and also in considcration of the aggregate sum of
~~~oucv ~~amed in the promissory• note of even date here~vith, heminafter described, the Alortgagors do grant, bargain, sell, alien,
~~•mise, release, coi?vey and confirm w~to the Association, in fee simple the follou•ing clescribed res! estate, of ~vhich_ the mortgagors
.,rt• uo~~• seizecl an~l possessed aud in actual possc~ssion, situate in the Countv of *4~, Stzte of Florida, to-~vit:
~ St. Lucie
Apartment 202, of BEACH CLUB COLONY CONDOMINIUM APAFi _'MENTS,
CUNDOMINIUM BUILDING "B", A CONDOMINIUM, according to tYie 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
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~ all the assessments required of said mortgagor when due, pursuant to the
f Declaration of Condominium of Beach Club Colony Condominium Apartments,
~ as aforedescribed, and on exhibit attached thereto, shall constitute arrevent
~ of default under this mortgage.
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- This Irutnm~ent Was Prepored By:
ti~ • FIRST FEDER/1L SAVIN~S l~t~'D LOAN
ASSOCIATION O~ MARTIN CCUNTY
98Q $outh Fede~ol Highway, Sruort, Flc.
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TOCETHER K1lIl all structures and itnpruve~nenls now and hereafter on said land and t}?e fvctures attached thereto, and
:all rents, issues, proceecis and profits accruing and to acerue from said premises, all of H~hich are included within the foregoing
"j description and the habenclum hereof; also all gas, steam, and electric ~~-ater and other heating, cooking, refrigerating, lighting,
- plumbing, ventilating, irrigating, and power system, machines; appliances, fixtures and appurtenances, which are no~v or may
hereaFter pertain to or be used ~vith, in or on said premises, even though they be detached or detachable, all of which it is hereby
" :igreecl are or ~vhen installed shall become a part of said real estate; and, if the above described property is now or shall here- -
- after be used for commercial purposes, ihen the furniture and fumishings and any replacements thereof which may be owned
bv the \lortgagors and ~vl~ich are now or may hereaker be located upon the above described property.
` TO HAVE A\ll TO HOLD the same, together wzth the tenements, hereditaments and appurtenances, unto the Associ-
- _ ation, in fee simple.
a And the :1lortgagors do hereby covenant with the Association that they are indefcasibly seized of said land in fee simple;
th;~t they have full Fwwer and la~~~ful right to eonvey said land in fee simple as aforesaid; that it shall be lawfid for the ~ssociation
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