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FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
MORTGAGE DEED ~
THIS \IORTGACL•' 1~UE~TtiRE, executecl this. ~4~----day of Ju~?E=..-. - _ _ A.D. 19 ~S_, by
JOSEPH _P, McDERMOTT,_ SR._ and. ELIZABETH McDERMOTT1__ his_ wife.,._____.___._____
- ---------Pri$ce--Geor,gei flYattsville,
uf the County of Iy~~, ~ State of . hereiuaftes called the !~iortgagots, which teim as used in evecy instance shall include
the 1~lurtgagors' heirs, ezeculors, a ' tots, suocessors, legal representatives and assigas, eitber voluntary by aM of tl~e
part~es, or involuntazy by operarion oE law and shall danote the singular and (or) phual, and the masc~iline and (ar)
~em'~nine and aatural and artificial persoi?s, whenever and wherever the context so reqwres or admits, pazties of the
first pazt, and the FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF MARTIN COUNTY~ of Stuait. ~orida, a
rnriwration existing under t}?e la~ws of the Uiuted States of America, herejnafter called the Association, which term as used in
e~~ery instance shall include the Association's succe~ors~ legal representatives and assigns, party of the second part.
1VITNESSETH: That fur dive.~s good and valuable oonsidcrations, and also in oonsideration of the aggregate sum of
~none~• named in the promis.sory note of even date herewith~ bereinafter des~xibed, the Mortgagors do grant, bargaia, sell, aliea,
remise, release, convey and confirm anto the Associatioq in fee simple the followin deuribed real estate. of which the mortgagors
arc now sp~~wi and possessed and in actual possession, situate in the County of l~i~r State of Fbrida, to-wit:
St. i.ucie
y ~ STATE FLtJ ~i_D,1 ~
~Z DOCUMENTARY STAMP TAX ~
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Lot 119 in Section II in that certain condominium known as OUTDOOR
RE50RTS OF AMERICA AT NETTLES 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 1:1A through 1J, also
shown according to the Declaration of Condominium recorded in
Official Records Book 186, page 2720, and amended as recorded in
Official Records Book 191, page 1877, and then re-recorded in
Official Records Book 192, page 820, all of the Public Records of
St. Lucie County, Florida.
~ The failure of the mortgagor herein to comply with and abide by, and
I to pay all the asse~sments required of said mortgagor when due,
pursuant to the Declaration of Condominium of OUTDOOft ftESORTS
~ OF AMERICA AT NETTLES ISLAND, as aforedescribed and on
exhibit thereto, shall constitute an event of default under this
mortgage.
O?~
( RECEIVED IN PAYIAEK'f OF TN(ES
DUE ON CU13S 'C' Ii1TMNf+~BIE PROPERIYi
~;tSllllNT 1~0 ~R 11-134. A~TS Of 1971. ~ C
~GER POITIMS
~ ~~t [~O1Mlt. Si. LtN:1E 00., FlA I. :~r. .ru-rc~t v:~s Frc.Qred By:
..t~":pl c;:;~-,•~5 P,`:?^r l.OAN
(p r..:=.:'_ . , vi' .Y..:.RT:t: C~:.~~iTY
. ~ . i _ _iY•. ~c~_ :'0: ;"~i:;;K'O'j~ StWft~ ~{O.
sy.: Terri L. I3urley
~ TOGE1'HER with all structures and improvements now and hereafter on said land :wd the futures attached thereto, and
all rents issues and profits aoczuiag aad to aaxue firom said premises, of which are i~ncluded within the foregoing
description and e habendum hereof; aLso all gas, steam, and electric water and er heaeng ooolong, refrigerating, lighting,
plumbing, ventilating, irrigating, and power rystem, machines, appliances, fiztures and appurtenances, which are now or may
hereafter pertain to or be used with, in or on said premises~ even tbough they be detached or detachable, all of which it is hereby
agreed are or when installed shall beoome a part of said real estate; and, if the a6ove described property is now or s6a11 here-
a tf er be used for commercial purposes, thea the furniture and furnishings and any replacements thereof which may be owneci
by the ~tortgagors and which are now or u~ay hereafter be located upon the above described property.
TO HAVE A;~D 'PO HOLD the same, together with tl~e tenements, hereditaments and appurtenances, unto the Associ-
ation, in fee simple.
And the Mortgagon do heceby covenant with the Association that they are indefeasibly seized of said land in fee simple,
ihat they have full power and lawful right to convey said Lwd in fee simple as aforesaid; that it shall be lawfid for the Association
E r~ 254 PAGE 3~3
? A-309 8!75 '
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