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THIS (t~ENTURE. Mat1~ d~~ 2~h a. of October ~.o. i9~~t..., b.+w.«~ ~
_ Hutchinson Ialand Limited ~artnership, a limited partnerahip or~tanised and existine ~
under the laxs of the State of Florida
of ~CiA , Counfy Fbrid+, hQ?OiMNM designated as ths "MORTGAGOR;' ~nd FIR51 FEOERAL SAVINGS AND LOAN
ASSOCU?ION OF fORT PIERCE, • oapa~t'wn ayaniud a+d txis~inq under tM I~ws of tM United Su~~s of Am~riu and Mvinp in p~incip+l p~~c+ of
bu~iness in tM Ctry of fort Piace. S1. lucit County. flaid~. hereinahtr deiiyn+ted +s rFn "MORTGAGEE ~ _
WHEREAS tM MORTGAGOR b jtntty irxJebled b the MORTGAGEE in 1M sum o? ~ , 9ood +~d lawful ma?ty of tM UNted
S+~tes adwnced by ths MGRTGAGEE umo tM MOR(GAGOR, ai ~v6denccd by • cata~n promiuory ~oq of even da~e her~with, of which ~hs tollowinp in
harda and fi~urq is a trw copy, to-wir: 1
E-SL1Gi~~ No..l~~~1115
Fort Piacr, Florida, ~CtO~ 1' 29i -19~
For velue reuived, I, we or eithe~ of us, prom~se tt.o pay, without dsfalcation, to the order of FIRST FEDERAI SAAVI~NGS AND LOAN ASSOCIATION OF
FORT PIERCE at Fwt Pierce, Florid~, ?he svrn of S~i~~'~ - w~~h in~e1re-st frwn date at the ~ate of % ps? +mwn. i~ monthly insull-
~„enrs ~s follows: s~~8.~~ on the ~t~ d+y of ~CiA r_, 19.ZS~_ ~nd a like sum on the twresporKlin9 ~y OI !KA mOf1fM iF~MM
a~irr until the whote be fvlly paid.
Each inst~llme~t fin~ ~MII be appGed in payment oi the inro~est ~++d then on the unpa~d bs!ance of ths {uinc~pal wm. If defwh b m~d~ in tM
ra~~~ieN of any instatl~r~ent when due, and such default continues 30 deys, the~ at the opNon of the holder, and wit!?out any otlm notice, all the ~em+utirg
:~,staltments shall be due and payab:e at once. Privileye Is yiven to prepay this rate in whol~ or in part at ~ny firt» withovt penalfy. N~~~ith~er f~w~~tb~a~a~ce.
~or accepunc~ by the hotder shereof ahe~ any default in any paymen~i he~eon, shalt be dremed extension. A late paymeM char~e of i-~-`!. sFull b~
added to ezch instal(ment remaining unpa~d 7 days affer iri due date, and a like sum sh+ll be added 1o each such irotallmeM rem+inirg unp~id 7 days ~NW
eech sutceading psYment date.
Eath maka, surety and endaser hereof, joiMly and uverally, waives demand, preuroment protest and notice of protesf. for no~payment, snd futthtr
ag~ees to any exteniwn of t~me of payment, e~the~ befo~e w after maturity, without not~ce to sny oi us; and to pay all coib of colkNion, includ~np ~
.e~senable atrwney': f~e i~ ~he event of any default hereunder, snd hereby severally wa;ves dl benefit of horcestex! and ex~mption under the caatitution
~~d taws of exh State of the United 5tates, as aga~nst this obtga~ion a sny eatension or renewal hereof.
w~T~ n.~,d ~d ~i or ~,~h ~?iv. AOTCNINSON ISLAND LI?Q?ED PARTt~iBRSHIP
- $Y = v ATi RR~T. F_S1'j'r$~j~ (SE~W
Corporate seal affi~ced ~ ; , 8 Uela~are Cor~oration. ~ ;
its (ieneral Partner ~ _
. By: S Robert T. Craiq~ Senior Qi:~e ~u
~ _ 490.60 ~ s~.~e Re~e~~e Presle~nt
~'°"'r~~«''~'~""~'' 60,400.00 ~
NOW, THEREFORE, the MORTGAGOR fo~ the pwpose of securirg payrAent of s~id su+n of i. ~ P~a~^~
cove~ants and agraements_ hereirwher expreased, and fa divers gcod and v~luabl~ contideraYans, by thnt pesenrs, does y~~nt, bar~~in, s~ll, rem~e,
reiease, convey ~nd tonfirm unto tiu MORTGAGEE, iri sutteuws and assigns, sU that certain bt, pieu or paroe~ of land, sitwtO, Irirg, ~nd bsinp in th~
County of ~ie aod Statt of Fbrida, described u followsa
Condaaainium Parcel No. 132 of CAPSTAN I, according to the Declara~ion of Cando-
minium thereof, recorded in Official Record Book 232, at pag~es 619-711 of the
Public Records of 3t. I~ucie Caunty, Florida. .
~UBJECT to terms and conditions of said Daclaratian of Condominiwn, t~e Artic2es
of Incorporation, By-Laws, and Declaratian of Cavenants and Rsstrictians of Ocean
Village Property Orrriers' Association, Inc., ~rith Which ternas and conditians the
mortgagor cavenants to comply and perform. .
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~ ~ ~ ~ S TE ~F FLORiDQ ~ ,
~ o~ 04CtJMEN?ARY~~ STAfVIP TA X{ ~nED d ~ IN PAYMENT pF TJ1ULt
DEPT. OF REVENUE ~ D!E ON CLASS'C' INTAM9ISLE PE ~:i~!71l P~~O.'FAIYj
` ,N P8 = ~o+rra~r~ ~ _ ~ 0, $ 0 1 ~r m aw~ ~crs af iy~,.
~ " IIOCFR ~'OtTRAS
; o =~~~et - CLEWI Clitql(T OOUR'f, Sf. WCIE 004 FL~, .
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~ rogether with all and singular the tenemenri. Fxreditamenh snd ~ppurfsnces thereunlo belongirg a in anywiw sppetfsinirg fhereto, and aU renri, iss~res,
~ ~r«eeds srsd profin xuuiog snd io acuue from said premius, all of which ue included 's~ tha sbo~w ~rd fwayoirg d~suiption ~nd hab~nduerw
~ TO HAVE AND TO HOLD the above desc¦~bed and granted premius unto the s+id NlORTGAGEE, ib wocessors ~nd ass"qns forwer. /?^d fh~ wW
: t,~,ORTGAGOR fw -it9 he;rs, executon, administratws and assigra, hereby oovenanfs with th~ said N10RTGAGEE, its wa.essors aed assipns.
~ - it is _ i,,,,,f„~iy ~eized of the said premixs in fee simple; tF~t tM ssme an fne, clear and d'atlyryad fran all Ikns ~nd ~r~r
b~ances in Isw or in cquity, and tF+~L it w;~l +nd it'3 hein shall wurant ~rd def~nd the titk to the wn~ ro th~ said
~ MORTGAGEE, its successors and auigns, forever against the lawful claims and demands of ~U pertaa;
~ PROVIDED, ALWAYS ~h+1 if the MORTGAGOR ~hSN p~y unto the MORTGAGEE the promiuwy note hereinbefwe desuib~d and sFwll nuly. pro~nptly
k a~d fully perform, d~xharge, execvte. compkte, comply wi~h and abide by esch ar~d every the stipulatioro, s~reemenK. conditaro and ooven+nri of said
~ cremi:sory rate snd of this Mor~gsge, then th+s Mortgage and the Estate hereby aeated sMl~ ua~e and b~ narll and void.
~ -IT IS UNDERSTOOD tFw1 the word "Mortgsgor" whether in the singulu a piw+l anywhe~~ in this Mortg~pe, shsll b~ sinpular if oM only ~nd ~p
~ shall be pluwl jointly ~nd severally if mwe thsn wx, and that the word "their' as used it1yVYI1lf! I11 tFli! MOft9i9! LFMII b! 1aICM 10 rt1lN1 •'his," •'h~ts.•• r~ ~
c or "iss:' wherever the contex~ so implies w admits. Alao, that wherever there is ~ referencs in tht cavtnaMS and apreemenb herein aa+tix~ed so any of ~E
~ the parties haeto, the ame shsll be construed to mean a~ well as the hein, le~al r~prestnt~tivp, wocesson and ~isip~s (either volw~tary by acf of fh~
parties or invduntuy by opentan of the Isw) of the same and tha~ the coven+nn herein contiund sha11 bind a~d tM ba~efib and advuuapes kxx~
ro the respective hein, kpal iepresentatives, uxcesson and +u'gns of tt+~ part~ hereto.
~ qr?d said M1o~tysgors. 4a themsetves and tF~e'v hein, teyal representaKvp, s~ccessors ~nd assipro. I+~reby joinNy and stwrslly oovsrunt a~d ayr~e
+o and with tM ~aid MORTGAGEE, its succsssors +nd assignsc
1. To pay all snd sirgule~ the princ;pal a~d imerat a+w! the wrio~s a~d wndry sums of ma~eY WY~~ by v'atw of said promissay eab, and this
mo~tgape, esch and every, promptly on tM days rape~tively tFK same sewraUy becane dw.
~ 2. To p~y +11 and singul~ the taxes, usessrnenn, Iwies, liabilir'~s, obliystions and encum6ru+as oi wery n+tur~ +~d kind ~ww on said d~wibed
P~oW~Y, a thst heresfter may be imposed, suffered, placed, levied, w awssed ther~on, or that hereaher may b~ kvi~d or ~ssssted ~rpon this Morq~
age. w tM "wdebtedrku secured hereby, each ~nd every, when dw and paYabk, aawdirg to law, before tF~ey become d~laqwM, and befon any im~nst
attaches or soy pen+lty is incurrsd; ANO INSOfAR AS ANY THEREOF IS Of RKORU THE SAME SHAIL BE PROMPiLY SATISFIED AND OISCHARGED OF .
RECORD AND 7HE ORIGINAL OFfIC1Al DOCUMENT lSUCH AS, FOR INSTANCE, THE TAX RKEIPT OR THE SAT(SFACiION PAPER OFfICIAIIY ENDORSEQ
OR CERTIFIED) SFIAII BE PIACE~ IN 1HE HANDS OF SAID MORiGAGEE WITHIN TEN DAYS NEXT AFTER PAYMENT; snd in tM eveM thst any ther~of b not
pa~d, sat"sfied snd discharyed ss:d MORTGAGfE may at any time pay tl+e same w sny part thereof witlw~+t waivinq w ~ffettinp any optan, lien, puity o~
•~qht under w by virtue of this mort~aQe ~nd the full smouM oi esch and every such payme~t shall be immediately d~re and payabk and shall beu int~rest
trar~. ~he da+e the~eox u~%il pa d a+ rate o1 nine pd centum pe? annvm and together w~th ~uch inferNf s1?all 6e secwed by the lien of ~h's morgtagr.
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