HomeMy WebLinkAbout0813 ~ _ ~ss3s2 ~
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' Firs~s~e~`era~~~'vT~'gs
an~f Loan ~
Association of Martin County ;
989 South Federal Hi hway s
Stuart, Florida 3349~ ~
MORTGAGE sy: Terri L. Hurley (~2000625(8)
THIS MORTGAGE is rrtade this ~ ~ a~-~ day of May ,
1 Q?? , t~etween the hiortgag~or, ~I~I~.4EL A. FOLIGNO, a sin~le man
(herein, "Bortower'), and the Mortgagee. First Federal Savings and ~
l.
o a n A s
s
o c: i a t i o n o f h
i a r t i n Co unty, a rorporation organized and existinR under the laws of the United ~
States of America, whose address is 989 South Federal High~vay, Stuart, Florida (herein "l.endet"). ~
WHL•'RF.AS, Bonower is indebted to Lender in the principal sum of FOUR THOUSAND EIGHT
HUNDRED AND NO/100ths------------- Dollars. which indebtedness is evidenced by Borrow-
er's nate dated Mav 1977 (herein "Note") , providing for monthly irtstallments of prin-
cipat and incerest, with the balance of the indebtedness, if not sooner paid, due and payable an
May 20th. 19 8 7 : ,
To SECURE to I.ender (a) the repayment of the indebtedness evidenced by the Note, with interest
thereon, the payment of all other sums, with interest thereon, advanced in accordance herewith to protect
the security of this Mortgage, and the performance of the covenants and agteements of Borrower herein ;
contained, and (b) the repayment of any future advances, with interest thereon, made to Borrower by
Lender pursuant co paragraph 21 hereof (herein "Future Advances") , Borrower does hereby mortgage,
granc and convey to Lender the following described property locaced in che County of -
~t. Luc ie , Scate of Florida:
~ - ,
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~
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Lot No. 1039 Sec tio n II in th at certain condomin iu m k nown as OUTDOOft
RESORTS OF AMERICA AT NETTLES .LSLAND, as shown by the plat re-
corded 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, and according to
the Declaration of Condomin ium as recorded in Official Records Book 186,
page 2?20, and any, and all Amendmen ts thereto that have been recorded
in the St. Lucie County, Florida, Public Records. '
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 to the
Declaration of Condominium of OUTDOOR RESOftTS OF AMERICA AT
NETTLES ISLAND, as aforedescribed and on e~chibit thereto, shall consti-
tute an event of default under this mor tgage. ~
~ .ti.o . . . . ~ ~
`-r RECEIVEfl ~ IN PAYMENT OF 7A1I~
~ STATE ouE o~ a~SS `C tk*A~~rtBl.E °E~sO~~~l PROPER(Y~
' a ~r- ~~-.~.i~t~~: ~ T TO CH... -i.2'.: A^.iS OF 11.
~~L UOCI+htENTARY<-~--.=,-_ ;r.;M~ ',z ~ R~uER POfiMS
i _ OERT. L'F REVEIYUE : ~
~r - - ; `f ! d~cu~ cou~i. sr. +E
Kn ca _ PB. - Arx 16'Ii ' .~-r'~~ O ~ lT ~ ~
o - _~f ~
w6ich has che address of Outdoor Reso rts Jensen Beach
. ,
- tstree~] [ci~rl
Florida 33457 (herein "Property Address") ; ~
ts~,u .na ~ c~.~
Toc~'HER with all the improvements now or hereafter erected on the property, and all easements, ~
rights, appurtenances, rents, royalties, mineral, oil and gas rights and profits, water, watet rights, and
water stock, and atl fixtures now or hereafter attached to the property, all of which, including replace-
ments and additions thereto, shall be deemed to be and remaen a part of the property covered by this
Mortgage; and all oE the foregoing, together with said praperty (or the leasehold estate if this Mortgage
is on a leasehold) are herein referred to as the "Property". ~
Borrower covenants that Bonower is lawfully seised of the estate hereby conveyed and has the right
to mortgage, ~-ant and convey the Property, that the Property is unencumbered, and that Borrower will
warrant and defend generally the title to the Property against all claims and demands, subject to any
declarations, easements or restrictions listed in a schedule of exceptions to covetage in any title insur-
ance policy insuring Lender's interest in the Property. `
:
FLORIDA-1 to 4 Family~6~75-FNMA/FHLMC UNIFORM INS"IRUMENT dOOK~rW PAG~ ~
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