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~IRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
~ N40RTGAGE DEED -
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THIS I?tORTGACE 1rDENTURE~ executed this------~~i---day of __.AUg118t A.D. 1975----, bY
RICHARD J. STOLTZ and MARY ELIZfIBETH STOLTZ, his wife
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uf the Couaty of ~96, State af ~63~, hereinafter caDed the Aiortgagois, which term as uised in every instance shaU iaclude
the blurtgagors' heirs, euecutas. admiais~rators. sucoessoa, 1e8a1 r~preseutatlvcs and ass;~u, eit~r voluataty by act of die
parti~, ~ involnntary by o tiaa of Lw and al~all denote tLe singular .and (oc) ptura~ and tbe awsc+ilme aad (ac)
ferniaine and aatural aad (ar~a~tifipal peisous, whenever and wLerevec the contert so requires a admits, pa~ties of tl~e
first part, and tbe FIRST FEDERAL SAVINGS AND LOAN ASSOCUTION OF MARTIN OOUNTY. af Stuar~ Fbtida, a
corporatioa e~cisti~~g undrr the laws ~ the United States of M~ecic~a, hereinaftec called the Associatioo, which te~m aa used in
c~~ery instance shall indude the Association's sua~rs, legal rep~e+es«~tatives and assigus, party af tbe seoond pn:t.
WITIVESSETH: ~at for divers good and valuable oansideratioas, and also in c~ousideratian of the aggregate aum oE
~noney aamed ia the promissory note of even date herevvitb, L~einafter described, the Mortgagors do geant, bar8ain. sell, diea.
remise, release, oonvey ar:3 ~onfirm unto the Association, in he simple the following des~xibed real estate, af whicb the mortgagcus
:~rc now seizecl and poasessed and ia actual p~on~ situate in the County of It~t, State of Flo~ida, to-wit:
St. Lucie ~ ~
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Lot No. 639, Section II in that certain condominium known as..OUTDOOR
RESORTS OF AMERICA AT NETZ'LES ISLAND, as shown by the plat
recorded in the Office of the Clerk of the Circuit Court in and for St.
Lucie County, Florida, in Plat Book 16, page 1, lA thru 1 J.
The failure of the mortgagor herein to comply with and ab~de by, and
to pay all the assessments required of said mortgagor when due, pursuant .
to the Declaration of CondomiYrium of Outdoor Resorts of America at
Nettles Island, as afordeacribed, and on eshibit attached thereto, ahall
conetitute an event of default under this mortgage.
' STATE ~F ~1._ClF?tDA ~
~ DOCUIMENTARY ,~..,.,,.STAMP YAX ~
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This Inst~ument W~ p~~
FIRST FEDERI?L y\VINGS AND LOAN
~ 9 ~?SSOCUTION pF MqRTIN COUNTy
Sw.th Federol H nY. Sh~ort, Flc.
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T~OGETHER with all atructuret and improvem~~ts now and hereafter on said ]aad and the firiu~s attached thereto, aad
~ :~ll re.~?ts issues aad profits acc.:uing aad to aocxue from said jx~eanises, a11 of which~s inclixled witbia the f°reSai~
; descxiption and e habendum hereof; alan all gas, steamx and +electric water and other heating oooldng, refrigeiating, 1i8~8•
~ plumbing, vent~1ating, urigating and power system, machines, ap liances, fi:tnre,s and appiuteoanoes, which ar~e iww or may
, hereafter pertain to or ba used witi~, in or on said premises, even gh ~ be detacl~ed or detachable, aD of w~ich it is hereby
s agreed arc or when instaDed sbaII beoome a pait of said real estate; and, ' the abov~ desc~bed prope=ty is now or shall }~+e_
i after be uaed far oommercial purpo~es, tben the fiuniture and fumishings and any replaoemanb th~+eof which may be owned
; by the '.1lortgagors and which are now or may h~aker be located upou the above d~'bed pmperty.
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% TO HA~'E AI~D TO HOLD the same, toge:ther with the tenements, hereditamcnts and appartenances, unto the Assoca-
~ ation, iu fee simple. -
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~ Md the Mortgagon do hereby ooveaaat with the A~ociation that they are indefeaziWy seized of said land in fee simpb
~ that they have full power and lawfu~ right W convey said laad in fee simple as aforesaid; that it shall be lawf~d for tbe Assoc~tion
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, BooK 243 PACE1583
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