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St-38,438
FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF MARTIN COUNTY
M~RTGAGE DEED
1'H1S \IORTCACL•' l\DE\T'L~RE, exc~uted diis ~9~. da~• of October A.ll. 19 ?5.., by
MAURICE PHELAN and MARY PHELAN, , his wife,__
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~~f the County of ~f~~i~ Staie of F~~, hereinaftec ealled the ~fortgagors, which term as usecl in every instanee shall inelude
the rlurtgagors' heirs~ excculun~ adminisirators, successors, legal representatives and assig~u, either voluntary by act oE the
pa"es, or involuntary by operation of law and shall denote the singular and (or) plural, and the masculine and (or)
feminine and nataral and (or) 'ficial perso~~s, ~~•henever and wherevcr the context so requires or acimits. parties of the
first pact, and the FIRST FEDERAL SAVINGS A111D LOAI~' ASSOCIATION OF r1ARTIN COUNTY, of Stuart, Florida, a
c~r~wration existing undrr the laws of the Uiutecl States of America, hereinafter called the Association, w6ich term as used in
~~~~crv instance shall include the Association's successors, legal representatives and assigns, party of the second part.
\VITNESSETH: That for div~s good and valuable oonsiderations, and aLso in consideration of the aggiregate sum of
~noue~• uamed in the promissory note of even date herewith, hereinafter described, the Mortgagors do grant, bargain, sell, alien,
remise, release, convey and confirm unto the Association, in fee simple the followin described real estate, of which the mortgagors
:u~c noa• seized and possessed aud in actual possession~ situate in the County of State of Florida, tawit;
St. Lucie
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Lot 27, B1ock 374, PORT ST. LUCIE, SECTION THIRTEEN, according
to the plat thereof, as recorded in Plat Book 13, pages 4, 4A through
4M, of the Public Records of St. Lucie County, Florida.
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~ By, Terri L. Hur ~
~ T'OGETHER with all structures and improvements now and hereafter on said land :ind t6e fixhues attached thereto, and
.~ll rents, issues.p and profits accruinng and to accrue from said premises, all of which aze included within the foregoing
~ description and the~ndtun hereof; also all gas, steam, and electric water and other heating, aooldng, refrigerating, lighting,
plumbing, v~tilating, irrigating, and power system, machines, appliances, fixtures 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 w~ich it is hereby
$ agre~d are or when instalTed shall become a part of said real estate; and, if the above described property is now or shali here-
~ after be used for aommercial purposes, then the furniture aad furnishings and any replacements thereof which may be owned
~ by the !~tortgagors and which are now or nsay hereafter be located upon the above described property.
TO HAZ'E A:~D TO HOLD the same, together with t6e tenements~ hereditaments and appurtenances, unto the Associ-
ation, in fee simple.
And the Mortgagon do hereby covenant with the Assoc:ation that they are indefeasibly seized of said land in fee simpk;
that they have full power and l~wfnl right to convey said land in fee simple as aforesaid; that it shall be lawf~d for the Associatio~
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