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HomeMy WebLinkAbout0757rwra-as aw R ~ 2 148 oRtw•s POtM lS. 1. >s Mnw/nctvnl ••~ t« NN -. TM M. a W. \. D.e. l...peny TO CO!}OiAT10N it10M ~k1011A1 - AcbewdlN, lteciM S~, ~UCIE COUNTY f LA. ~ ~ -~ C _ Executed the 17th day aJ January A. D. t9 61 by O. F. Pippin and Lola E. Pippin, his wife hereina(ler called the mortgagor, to Massey-Ferguson, InC. _ one of • s±~:n.l ~r~ra .:~t.~tt< -,Frmnet~~~) rtr:•ln~~irn a corporation existing under the taws of the Jtate oj --••~-1 -=-°-- •-~•••- ••- ~- - -~ •• address at 5193 Peachtree Industrial Boulevard, Chamblee, Georgia TioroinnJlor rnl~or~ t{.a mo-fnr.npo~ (W~-_~.•.r _:.el Axr~ ±ly= tom-- '•~.~.-.err•r•• •ee1 •'anrt[.ree" include .ll t6t OLftiH to tss imIfW111~1 tt.~ lltt )•tin~ laypl teprearnutives and aw~m of individut6, at<d tl.e rrucYea.nn and neiRr d corporetwm: and tee tern. ' ....• ircloder dl rite rotas herein described iI eote dna one,) ~ `,. ~t~fIPSS~I, thnt Jor good and valuable considerotions, and also in consideration of the aggre- gate sum named to the promissory note of eaen date herewith, hereinafter described, the mortgagor here- by granls• bargains, sells, aliens, remisea• conveys and conJinns unto the mortgagee all the certain land of which the mortgagor is now seized aria i.t E..,ssessian situal2 in St. Lucie County. Florida, viz: 1 ~) .~ From intersection of West line of Angle Road and North line of Orange Avenue, run West nn N©rth line of Orange Avenue 873.02 feet fnr pnitnt- of beainnina; thence North 13L'.54 feet; thence west ty3.u reet; thence South i~v ir. 6z f~~t t~ :;girth iii. °. of vruiige Avenues thence East along North line of Orange Avenue 193.0 feet to point of beginning. Above described land being apart of the SE~ of the NWT, Section 8, Township 35 South, Range 40 East, containing 0.83 acres, more or less. This is a purchase money second mortgage, subordinate and inferior to that certain mortgage to The Indian River Citrus Bank, executed by Mortgagors herein, dated January, 1961, securing the original prin- cipal sum of $18,000.00, which said mortgage is a first mortgage, paramount to the purchase money mortgage by consent and authorization as an inducement by Mortgagee herein for said Bank to make said loan. It is agreed an3 understood by and between the Mortgagors and the Mortgagee that if the Dealer Franchise Contract between the Mortgagors, O. F. Pippin, and Mortgagee, _-~-tic _~e-.~, - - x_ ..t: , thereto in accordance with the provisions of said Contract, then the entire remaining balance of principal and interest due on the note secured by this Mortgage at the time of cancellation of said Contract shall become due and payable within 45 days of the date of cancellation. tt.nw.a (., . ~ M p~Ymtnt a lfz1/ that Ai Qtlss "6" IAtangible Personal F'-tiipfrty pttrlt~atat ~ ~s 2Q]24, 1.#rrrs of Florida. Acu of 1 W 1. Tw. Coibt~ot:, St l.ttcie Cou ,Florida i.~_ .. l ~~ -. ..K. •f -- - .. -. _ _