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FIRST FEDERAL SAVINGS AND LOAN 33~~~ ~
ASSOCIATION OF MARTIN COUNTY -2 {
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MORTGAGE D~ED ~
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'i'HIS ~IORTGACG I\UE\TL'RE, e~~w~utcYl tl?is d:~y oE June . A.D. 19 76--, bY
DONALD A. SCHAMBACH and JOYCE H. SCHAMBACH, his wife,
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• N~v~ ~f~~cy---- . -
~~f the Couaty of ~i:~~ State of ~ hereinafter caDed the Jiortgagors, ~~~hich term as usecl in every instance shall include }
the ;~lurtgagors' heirs, exccuton, administrators, sucec,~ssors, legal representatives and assigns, either voluntary by act of the ~
parties, or involunh.uy by operatian of la~v and shall denote the singulaz and (or) plur.?1, and the masculiae and (or) ~
feminine and natural and (or) :utificia! penous, wheuever and where~er the rnntext so requires or aclmits, parties of the
tust part, and the F1RS7 FEDERAL SA~'II~GS AND LOAN ASSOCIATION OF AlARTIN COUN1'Y, of Stuart, Florida, a
cvrporation existing undrr the laws of the United States of A~nerica, hereinafter called the Association, which term as eised in
~•~~crv inst~nce shall iuclude the Association's successors, legal representatives and assigns, party of the second part,
~\'ITI~ESSETH: That fur cliven good and valuable oonsidcrations, and also in consideration of the aggregate snu? of
,~~oue~• uamed in the proinissory note oE even date herewith, herein~fter described, the Mortgagors do grant, bargain, seU, alien,
~emise, relcase, convey and confirm unto the Association, in fee simple the follo~.ting~describecl real estate, of which the mortgagors ~
.,re• no~~• seized ~nd possessed :~ud in actual possession, situate in the County of ~~a/t~( ~tate of Florida, tawit;
St. Lucie
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N STATE aF FLCR,~r> ~ f ~
~~i GOCUMENTARY ::..~~A1vkF~ _ 3_ ~ .,ya:~ .t 7SL;~- r' L-L- 3
~y N;,~~~.Of
REV£NllE . ' :_r. ~ ~~L'~-~~ L
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~ Lot No. 1073 Section II in that certain condominium known as OUT- j
DOOR RESOKTS OF AMERICA AT NETTLES ISLAND as shown by ~
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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 ~ecorded ~
in Official Records Book 186, page 2720, and amended as reco~ded in • ~
' Official Records Book 191, page l877, and then re-recorded in Official ~
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Records Book 192, page 820, all of the Public Records of St. Lucie ;
! County, Florida.
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~ The failure of the mortgagor herein to comply with and abide by, and to ~
F pay all the assessments required of said mortgagor when due, pursuant -
t to the Declaration of Condominium of OUTDOOR RESORTS OF AMERICA .
~ AT NETTLES ISLAND, as aforedescribed and on exhibit thereto, shall
~ constitute an event of defaul± under this mortgage.
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RECEIVED = ~ IN PA1fMENT OF TAXES ~ - "
~ DUE ON CUISS 'C' IhTANGtBtE PERSONAL PROPERI~, _
~ pURSIIANT TO CHAPTER 71-134, AC~S OF 1!]l. ~
~ IbGER POITMS j~?1 T?~°s Ir..:n~r.:~..~: ~~.-5 Pre;:^_~ed By: i
F:'>jT c~_~-:~P.L ~AV~^:GS A~~+D LOAN ;
~ CLER1f CiRCUR OOIIR~, LUClE 00, FLA, /ti;;~,rl,:,;;CN v^F MAFTitv CVl~r:lY
~ 1.'. ' .7Y• 51~~'.trt~ F~O.
~ ::r Fr.~-.•ol Hignw
_ ~Y: Terri L. Hurley 10006022)
TOGETHER with all strurtures and impro~•e~nents now and hereafter on said land and the fiztures attached thereto, and ~
p .ill rents, issues,pr
oceeds and profits aocruing and to accrue from said premises, all of which are included within t}ie foregoing
~ description and the ha6endum hereof; also all gas, steam, and electric water and other heating, oooking, refrigerating, lightmg,
= plumbing, ventilating, irrigating, and power system, machines, appliances, fixtures and appnrtenances, which are now or may ~
K hereafter pertain to or be used with, in or on said premises, even though they be detac6ed or detachable~ all of which it is hereby '
~ .{greed aze or when installed shall become a part of said real estate; and, if the above described property is now or s6all here-
~ after be used for rnmmercial purposes, then the furniture and fumishings. and any replacements thereof which may be owneci ;
' l,v the ~lortgagors and wluch are now or may hereafter be]ocated upon the above described propcrty.
~ TO HA\'E A\D TO HOLD the same, together w~th the tenements, hereditaments and appurtenances, unto the Associ- ~
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~ ation, in fee simple. ;
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~ And ihe Atortgagors do hereby covenant with the Association that they are indefeasibly seized of said land in fee simpk, :
~ th:~t they have fidl power and laH~ful right to eonvey said land in fee simple as aforesaid; that it sh~ll be lawfid for the Asso~iation ~
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