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FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
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THIS !110RTCACE II~DE:~TURE, executed tl~is.•.c~.~_.duy of ..._.~c'I' ~G~~~!~ A.D. 19 . Z~, by
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~E the County of ~pti,~tate of ~ Leceinafter caIled tbe ?~tortgagors, which term as used in every instance shall include
the I~iurtgagors heus, e~cecutors, administrators, suocessora, legal representatives and assigns, either voluntary by act of the
parties, or involuntary by operation of law and shaII deuote the singular and (or) phual, and the masculine And (az)
femiaine and natural and (o~) artificial pezsous, wheaever and where,wer the context so requires or admits. paities of the
first part, and the FIRST FEDfiRAL SAVIIITGS AND LOAN ASSOCIATION OF MARTIN OOUNTY, of Stuart, Florida, a
cvrporation e~dstin undrr the lawa of the United States of Americ~a, hereinafter called the Associatia~, which te:m as used in
~~•eiV inStanCC St1a~ iaclude the As9ociation's successors, legal re~resentatives and assigns, p~ty of the second pazt.
WITNESSE'TH: That for divers good aad v~lnable considerations, and also in oonvderation of tlie ag,~regate sum ~
~noney named in the promissory note of even date herewitb, hereinafter described, t6e Mortgagors do grant, bargain, seU, aliea.
remise, relesue, convey and confirm uato the Auociation, in fee simple the foAowing described real estate. of which the mortgagois
.~rc no~~ seized and pos~ed and in actual possession~ situate in the County of ~Stgte of Florida, tawtt:
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Lot No. 11?6, Section II, in that certain Condominium known as OUTDOOR
RESORTS OF AMERICA AT NETTLES ISLAND, as shown by the plat
recorded in the Office of the Clerk of Circuit Court in and for St. Lucie
County, Florida, in Plat Book 16, pages 1, lA thru iJ. ~
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
ta the Declaraticr. ~f Condominium of Outdoor Resorts of America at
Nettles Island, as aforedescribed, and on exhi.bit attached thereto, shall
constitute an event of default under this mortgage.
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E UEPT. UF REYENUE ss' -
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ThK i:,~r~t was P~~~~ ~Y:
F~(j~~ fGUtKAi SAVtNGS AND LOAN
/~SSOCI/1TtON OF M.4RTIN COUP1TYla
S~utft Fed oi Hi waY. Stuart,
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~ TOGETHER with aU structures and improvements now and hereafter on said land wd the fixtures attached thet+~to, and ~
all rents, issves,p~e~s aod profib aaciui~g and to aocn~e from said ~memises, all of which are induded within the foregoing ~
descxiption and th habendum hereof; also all gas, steam, and electric water and other heating, oooldng, refri8erating, lighting, ~
plumbing, ventilating, irrigating, and power system, macbines, appliances, fiztures and appurtenances, wbich are now or may ,
hereafter pertain to or be used with, in ar on said premices, even t6ougb~y? be detached or detachable, aII of which it is hereby ~
a~~eed are or when inttalled shall beoome a part of saul real esmte; acr~d, i~"the"above descxibed property is now or shall here-
:.fter be used for commercial purposes; then the fumiture and fomishingc and any replacements thereof which may be arovned
by the ~tortgagors and whieh are now or may hereafter be loeated upon the above desc~ibed pcoperty.
TO HAVE AI~D ~O HOLD tbe same, togetber with the tenements, hereditaments and appustenances, unto the Associ-
:.tion, in fee simple.
Md the Mortgagon do h~? covenant with the Association that they are indefe~a,ubly seized of said land 'm fee simple;
that they have iull power and la right to convey said land in fee simple as aforesaid; that it shall be lawfid for the Associatia?
BooK ~44 PA~E2183
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