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FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
MORTGAGE DEED
'1'HIS ~IOHTCACL•' 1\DE\TIiRE, exc~c•utrcl this .19th i~;~~• oE _ February . A.v. 1~?4 , by
LOREN W.. SMQYER and JEAI~T.P.._SMQYER~.his .~vife
~~f tLe County of ~1:utin, State of Florida, hereinaher called thc \lortgagors, wl~ich term as used in even• ~~stance shall include
tl?e riurtgagors' heirs, executors, administrators, successors, legal representatives and assigns. either voluntary by act ~f the
}urties, or involunt:uy by operation of ]a~v and shall denote the singular and (or) plural, and the m.lsculine and (or)
frminine and natural and (or) :utificial perso~?s, ~~'henevrr and wherever the context so mquires or acimits, ~rties of d~e
first part, and the F1RS1' FEDERAL SAVINGS AND LOAN ASSOCIATION OF ~1ART1N COUNTY, of Stuart, FloricL•i. a
~vrporation existinR undrr the laws of the Unitt,d States of America, hereinafter called the Associ:.tion, which term as used in
~~~~crv instance shall iuclude the Association's successors, legal representatives and assigns, party of the secc~nd part.
~VITNESSETH: That for di~ers good and vs~luable coi~.iiclerations, and aLto in consideration of the aggregate sum of
~uoue~• ~~amed in the promissory note of even date herewith, hereinafter described~ the 1liortgagors do grant, bargain, sell, alien,
~~~m;se, release, convev and confirm unto the Association, in fee simple the follo~~~ng described real estate, of which the mortgagors
.,rc• no~~• seizeci and possessed aud in aetual possession, situ~te in the County of State of Florida, tawit:
St. Lucie
Apartment 102, of BEACH CLUB COLONY CONDOMINiUM APARTMENTS,
CONDOMINIi3M BUIi.DING "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,
gublic 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, pursuant to the Declaration _
of Condominium of Beach Club Colony Condominium Apartments, Condominium
Building "B", A Condominium, as recorded in the public records of St. Lucie
~ County, Florida, as aforedescribed, and on exhibit attached thereto, shall
~ constitute an event of defaul# under this mortgage.
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~ This lr?stnm~ent Wos P.epared By:
FIRST FEOERAI SAV t;~:~,5 ANC L(~AN
' ASSOClATIC~V OF MARTIN Cr~1t:TY
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~ 989 tfi Fedar l l~~~..•.cv, 5•.;.,r, Fla.
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TOGETHER with all structures and imprw~eineuls now and hercafter on said land and ihe fixtures attached thereto, and
:?11 rents, issues, proceeds and profits aocruing and to accrue from said premises, all of ~shich are included within the foregoing
- description and the habendum hereof; also all gas, steam, and electric ~~•ater and other heating, oooking, refrigerating, lighting,
plumbing, ventilating, irrigacing, and power system, machines, appliances, fixtures and appurtenances, which are now or may
hereafter pertain to or be used with, in or on said premises, even though they be detached or detachable, all of which it is hereby
;?greed are or when installed shall become a part of said real esiate; and, if the above described property is now or shall here-
after Ue used for commercial purposes, then the furniture and fumishings and any replacements thereoE which may be owned
- by the ~tortgagors and w}uch are now or may hereafter be located upon the above described property.
- TO HA~'E A\D TO HOLD ihe same, together ~tizth the tenements, hereditaments and appurtenancrs, unto the Associ-
c.tion, in fee simple.
And ihe ~tortgagors do hereby covenant with the Association that they are indefeasibly seized of said land in fee simple;
that they have (~dl power and la«~ful right to convey said land in fee simple as aforesaid; that it shall be lawfid for the Association
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