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THIS MORTGAGE DEED
Executed the 30 day of~~ 4 A.D. 1978
by Terry F. Harrigan, a married man (Harrigan Lawrence C, Gabriele,
a married man and Edward A. Villadonga,. a single man (hereinafter
collectively called the mortgagor), to FIRST NATIONAL BANK OF
LINCOLNSHIRE, (hereinafter, called ~ttie mortgagee) (Wherever used
herein the terms "mortgagor" and "mortgagee' include all the parties
to this instrument and their respective heirs, successors, legal
representatives and assigns; and the term "note" includes all the
notes herein described if more than one.):
'~IITNESSETH that in consideration of the disbursment by
mortgagee of a certain loan in the principal amount of $60,000.00
evidenced by that certain note hereinafter described bearing even
date herewith, from mortgagee to Harrigan and in further consideration
of the sum of $10.00 and mortgagor's forbearance from encumbering
the common stock held by the individuals comprising mortgagor in Island
Partners, Inc., a corporation d/b/a Sheraton Resort Inn and other
good and valuable consideration the receipt and sufficiency of which
is hereby acknowledged, the mortgagor hereby grants, bargains, sells,
aliens, remises, conveys and confirms unto the mortgagee this
second mortgage lien in all the certain land of which the mortgagor
is now seized and in possession situate in St. Lucie County, Florida,
V1Z:
Unit No. 1006. A condominium in accordance
with and subject to the covenants, conditions,
restrictions, terms and other provisions of
that "declaration of condominium for Hutchinson
Island Club. A condominium" recorded in O.R.
Book 254, Page 21?~8 et seq. Public records of
St. Lucie County, Florida, and all amendments
thereto, including an undivided interest in
the common elements of said condominium as
set forth in said declaration as amended.
which has the common address of 10410 AlA ~~1006, Jensen Beach, St.
Lucie County, Florida,
TOGETHER with all the improvements now or hereafter erected
on the property, and all easements, rights, appurtenances, rents,
royalties, mineral, oil and pas rights and profits, water, water
rights, and water stock, and all fixtures now or hereafter attached
to the property, all of which including replacements and additions,
thereto, shall be deemed to be -and remain a part of the property
covered by this :Mortgage; and all of the foregoing, together with
said property are herein referred to as the "Property."
TO HAVE AND TO HOLD the same, together with the tenements,
hereditaments and appurtenances thereto belonging, and the rents,
issues and profits thereof, unto the mortgagee, in fee simple;
AND the mortgagor covenants that the mortgagor is in-
defeasibly seized of said Property in fee simple; that the mortgagor
has all power and lawful authority to convey and encumber said
Property as aforesaid; that the mortgagor will make such further
assurances to perfect the fee simple title to said Property in the
mortgagee as may reasonably be required; that the mortgagor hereby
fully warrants the title to said Property and will defend the same
against the lawful claims of all persons~:ahomsoever; and that said
Propert;~ is free and clear of all encumbrances except only:
That certain mortgage in favor of First Federal Savings
and Loan Assn: of Miami, ("First Federal") dated September 1, 1978
by and between Lawrence C. Gabriele, Edward A. Villadonga and Terry
F. Harrigan as mortgagor and tenants in common each holding undivided
one-third interests in the Property, and :'first Federal, as mortgagee.
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