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5150'73
M 0 R T G A G E D E E D
THIS MORTGAGE INDENTURE executed this /s~day
of January, 1981. by STERLING DEVELOPMENT, INC., hereinafter
referred to as the Mortgagor~, and the successors and assigns
of the mortgagor, including all subsequent grantees, either
voluntarily by act of the parties or involuntarily by operation
of law, and FIRST FEDERAL SAVINGS & LOAN ASSOCIATION OF MARTIN
COUNTY, whose mailing address is 989 South Federal Highway,
Stuart, Fl~rida, 33494,,hereinafter referred to as Mortgagee,
its successors and assigns, being a First mortgage,
W I T N E S S E T H:
That for good and valuable consideration.and also
in consideration of the aggregate sum of money named in the
Promissory Note of even date herewith hereinafter described
and such additional sums of money as shall be borrowed by the
Mortgagor from the Mortgagee or expended by Mortgagee for the
account of the Mortgagor, the Mortgagor does hereby grant,
bargain, sell, alien, remise, release, convey and confirm unto
the Mortgagee, in fee simple, the following described real
estate, of which the Mortgagor is now seized and possessed
and in actual possession, situate in the County of St. Lucie,
and the State of Florida, to-wit:
a 3 6 a.S°
,
Start at Northeast oorner of Section 22, Zbwr~ship 37 Sauth, Range 40
East, St. Lu~cie Gamty, Florida; tl~noe North 89°59'49" West al~g North
line of Section 22, a distanoe of 171.66 feet tA a Point of Beginning;
tl~noe run Sauth 0°14'07" East alonq said Fast line, a distanoe of
198.36 feet to Point of Intersection with ~outh lin~e of property d~scribed
in ProQerty Bounaaxy Line AgreanPnt, reoorded in Official Reo~rds Boolc
110, pages 15 throug~ 18, St. Uacie Camty, ~ Florida; thenoe I~brth 89°59' 49"
West alcxig said South line, a dist-Janoe of 522.30 feet, m~re or less, to
waters of North Fork of St. Lu~cie River; t~r.noe mear~der said waters
I~brtherly, a dist.anoe of 260 feet; mc~re or less, to Foint of Intersectian
with t1~e North.line of Section 22; thenoe South 89°59'49" East along
said North lirye, a distanoe of 564.52 feet, m~re or less, to Point of
~~~3, ~~n9 ~~Y ~P bY I,ee 8rodc, ~egistered Land Surv~y~or,
Florida Certificate No. 2157, SuYVey dated Jw~e 13, 1979.
R~c~:YFe s 3.~SO.ao i~ r~~:~~_KT ~F Tr,x~
Cb'i C'i Cir.~: 'C' i'.ti;~: :^!~ P~':'_ i P?9:•Ei.TY,
FC`SJ:.1iT TJ C;L:~T~!c 71-, S, t.:l~ G~ 1~11.
F::: _ : P. IT`•~
ct~wc a~~uR c~eat, sr. ~u;;:~ w., Fu.4.~1:
TO HAVE AND TO HOLD, the same, together with the
tenements, hereditaments and appurtenants thereto belonging
or in any.wise appertai~ing, in fee simple.
AND the Mortgagor does hereby covenant with the
Mortgagee that it is indefeasibly seized of said land in fee
simple; that it has full power and lawful right to convey said
land in fee simple as aforesaid; that it shall be lawful for
the Mortgagee at all times peaceably and quietly to enter upon,
hold, occupy, and to enjoy said land; that said land is free
THIS INSTRUMENT WAS PREPARED BY:
William D. Anderson, Jr., Esquire
Anderson & Dungey, P.A.
Post Office Box 288
Stuart, Florida 33494
60~7K~~ P~CE i,~1
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