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SECURITY AGREEMENT
THIS MORTGAGE DEED a:ecnted tLia /y# der of April A. D. 19 80 ~ b~
KA'('IiF.YN LOUISE .EPSTEIN STRUNK, joined by her husband, THOMAS R. STRUNK
parties of the first part (hereinafter called "Mortgagott') to
SUMr?IT BANK, a Florida Banking Corporation
party of the second past (hereinafter called "Mortgagee").
WITNESSETH: ~
That for diver ood sad valuable considerations. and also in cotuideration of the a
g ggeegate sum named is the
p romiseory note of even date herewith, beraiadter described, the Mortgagor does grant, bargain, sell, alien, remise,
release, and convey and confirm unto the Mortgages, is far simple, all of that certain tract of land of which the
btortgagor is now seized and possessed and is actual possession, situate in Dads Couaq, Florida, described as follows,
to-wit:
Unit No. 1, in OCEANA OCEANFRONT CONDOh:INIUM II, according I
to the Declaration of Condominium of OCEANFRONT CONDON!INIUM
II, recorded in O.R. Book 327 at Pages 6184, et seq., Public {
Records of St. Lucie County, Florida (the "Declaration of
Condominium"), together with an undivided share in the Common
Elements appurtenant to such unit and all other appurtenances
to such unit as set forth in the Declaration of Condominium
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~rswttt To Chapter 71.116 NM Oi 1A1• _
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' Together with all and siaguLr the tenements, hereditament and appurteoanccs thereunto belonging or in any-
wise appertaining, and aLo all buildings, structures, additions and improvements, now or at nay time' hereafter erected f
thereon, together with and including all of the boilers, machines` beating plant, lighting plant, and-all plumbing appa• ;
recur, 5xtures, appliances, ventilating equipment, toilets, basins, electric heating sad lighting pLtnts, lighting Sutures„
power machinery, plant or plants for sumiag and operation of passenger or other elevators, including passenger and
~ other elevators, venetian blinds, refsigenton, ranges, awnings and shutters, now or bereaRer located in the building
~ upon wid land, and all other machinery, appliance and apparatus now or hereafter placed on said premises, either in
renewal or replacement of fixtures, macbineq, appliances and appurteaanoes originally installed on said premises, in
co??nection with the completion thereof or in addition thereto, which may hereafter be placed upon the above described
land, which said fixtures, machinery, appliances and appurtenances the Mortgagor warrant shall be free from any
encumbrances, retention of title or other elainu in favor of any other person and that this deed shall be a first lien
thereon.
z TO RAVE AND TO HOLD all and singular the said property herby conveyed, mortgaged, pledged or assigned
by the Dlortgagor, or intended so to be, unto the Mortgagee, in fee simpk.
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And the Mortgagor covenant with the Mortgagee, that the Mortgagor hss full power and lawful right to convey
e~id land in fee simple sa aforesaid; that it shall be lawful for the Mortgagee at all times peaceably and quietly to t
e$?ter upon, hold, occupy and enjoy said land; that acid land is free from alb encumbrances a:cept as may be herein
described; that the Mortgagor will make suds farther assurances to perfect the fee simple title to said land in the
e 51ortRagee as may reasonably be required; sod that the ~'Iortgagor hereby fully warrant the title to said land and
} will defend the same sgsiost the lawful slain` of all perswns whomsoever. •
F eturn to: Smith,~•iandler,Smith alt 1111 Lincoln Road i•;all
~ Y.O. Box A tdiami Beach, Florida 33139. '
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