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MORTGAGE . , Y ~ ~ ~ s
THIS MORTGAGE is madethis~~_dayof M YA , 1~0 betweenlhe Mortgagor,
NESTOR R. SALA. A MARRIED MAN AND ISRAEL J. SALA, A SINGLE MAN
(herein "Borrower, and the Mortgagee; First Federal Savings and Loan Association o1 Martin County. a corporation
organized and existing under the laws of the United States of America. whose address is 989 South Federal Highway, Stuart,
Florida 33494 (herein "lender.
WHEREAS, borrower is indebted to Lender in the principal sum of 59200. 00)
---FIFTY-NINE THOUSAND TWO HUNDRED AND NO /100 THS---
Oollars, which indebtedness is evidenced by Borrowers note dated aQ~Q].:.-.],9~n (herein "Note',
provided for monthly installments of principal and interest, with the balance of the indebtedness, if not sooner paid, due and
payable on JUNE O1, 2010.
TO SECURE to Lender (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 Mort-
gage, and the performance of the covenants and agreements of Borrower herein contained, and (b) the repayment of
any future advances, with interest thereon, made to Borrower by Lender pursuant to paragraph 21 hereof (herein "Future
Advances', Btmower does hereby mortgage, grant and convey to Lender the following described property located in the
County of ST . LUCI E ~ ,
State of Florida:
UNIT 1402 IM OCEANA OCEANFRONT CONDOMINIUM II, ACCORDING TO THE
DECLARATION OF CONDOMiINIUM OF OCEANA OCEANFRONT CONDOMINIUM II,
J RECORDED IN OFFICIAL RECORD BOOK 327 PAGES 1684 ET SEQ., PUBLIC
~ RECORDS OF ST. LUCIE COUNTY. FLORIDA <THE 'DECLARATION OF
`d 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.
THE FAILURE OF THE MORTGAGOR HEREIN TO COMPLY WITH AND ABIDE
~ BY, AND TO PAY ALL THE .ASSESSMENTS REDUIRED OF SAID MORTGAGOR
WHEN DUE. PURSUANT TO THE DECLARATION OF CONDOMINIUM OF
~ OCEANA OCEANFRONT CONDOMINIUM IL .
AS AFOREDESCRIBED ANU ON EXHIBIT THERETO, SHALL CONSTITUTE AN
~ EVENT OF DEFAULT UNDER THIS MORTGAGE. ~
~ THIS INSTRUMENT PREPARED BY: Received s ~ / d 'min Payment OfTnces
FIRST FEDERAL SAVINGS AND LOAN Due On Class "C" intangible Persons114operty,
~ ASSOCIATION OF MARTIN COUNTY putgwntToCh'pur7l.ti+l.ArosOfl>i71.
I P. O. BOX 989, STUART. FLA. 33494 - !~tlpq~
BY: MARY B. HALLICY p~tClnotaltf~R~~+1~~~
LN #4020041579
THIS IS NUT ZIP I~55Z7:AD P~PF~I'Y OF ~R R. SAID. HIS I~AD P1~JPERZY IS
IOCATID AT # 3 RIO VISTA DRIVE, JFI~ISF3J BI.ACH, FIiORIDA 33457.
which has the address of STATE ROAD A1A, JENSEN BEACH. FLORIDA 33457
IStreeq (CitY1
(herein "Properly Address';
(State and Zp Code)
t
TOGETHER with all the improvements now or hereafter erected on the property, and all easements, rights, appurte- f
nances, rents, royalties, mineral, oil and_gas rights and profits, water, water rights; and water stock and all fixtures now or here-
after attached to the property, all of which, including replacements and additions thereto, shall be deemed to be and remain .
t a part of the property covered by th is Mortgage; and all of the foregoing, together with said property(or the leasehold estate
it this Mortgage is on a leasehold) are herein referred to as the "Property'.
Borrower covenants that Borrower is lawtulty seised of the estate herebyconveyed and has the right to mortgage, grant
and convey the Property, that the Property is unencumbered, and the Borrower will warrant and defend generaity the title to
the Property against all claims and demands, subject to any declarations, easements or restrictions listed in a schedule of
~ exceptions to coverage in any title insurance policy insuring Lenders interest in the Property. (IR
g~331 Pa~1037
FLORIDA - t to 4 Family - FNMA/FHLMC UNIFORM INSTRUMENT A-309A 6179