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.11la,de this 17t2i day of January ..q. D. 19 64, i#
;
BCtW~ll RAY M. HOGAN and DORIS IRSN$ SOGAN, his wife, `
culled the .rlfortgagur, and L. O. STSPH$NS and MARTHA p•~lled the Jlfort a ee,
STSPHSNS, his wife ~ ~
~ltrie88et~1~ Th,a.t the saicl JKortgagur, for and in consideration of tha stcm of ! t
~aelve Thousand Five Hundred and no/100 - - - - - - - - -~~rs, ; ~
tu hirn in Iuincl puict b~ tlie sai;d .~fortga~ee, the receipt whereof is hereby ac~;howledged, ;
. has grantec~, Ixxrgained a~ad sold to the sdid JKortga~'ee, tlie '
following described lanc! sitcu:te, lyi~~~' and Leing in the CnuntJ of St. Lucie ~
and State of Florida to zvit: ~
Beginning at the intersection of the 3outh line of the NW~ of SW~ '
of Section 36, ~ownship 34 South, Range 39 $ast, with the Easterly
line of Kings Sighway, thence running $ast on the South line of
. the NW~ of SW~ of said Section, Township and Range a distance of
Two Hundred Fift (250) feet; thence turning and running North ~
~tvo Hundred (200~ feet; thence turning and running West, parallel
with said South line, to the $asterly line of Kings Highway; and _ ~
thence turning and running Southerly along the Easterly line of ~
said highway to the point of beginning.
~
After January 1, 1965, the Mortgagee agrees to release from the i~
lien of this mortgage the of the above described land upon the
payment at any time on the promissory note secured by this mortgage
of the sum of $2,500.00 in addition to the prescribed installments
of said note, but such additional payment shall not extend the time •
of maturity of any of said installments. Such additional sum when
. so paid shall be applied and credited on the installments last to
become due under said note. ~ -
THIS IS A PURCHASE MONEY MORTGAG$.
~acnd the sc~id .Mortga~or does hereb~ fulty warrant the title Lo said land, acnd will
, . defend the same a~ainst the lciwfccl ela,iins of atl persoris whomsoever. .
Pl'~OVlli~ ~WAyB~ That if said JKortgci~or shtzlt pa,y to the scaid .M~ortgccgee
a certain promissory riote, ac copy of w/aich i,s on the reverse side herenf, acnd s)uall
perfor~n acnd corrcply with er,~ch acnd eaery stipula,tion, a~reerri,ent and covenant of ~ i
' said note and of t/cis n~~u~e, ther~ this mort~a~e cand the estate Jcereby created
~ xlutll be voic~, otkertvise the sccme shatl f
em,acin ari full force aru~l virtue. Rrtd the
' saic~ Mortga~or covenaitts to pciJ the interest and principacl promptly wlten due; to -
; rx~cy tfie tu.~es and a,ssessm.ents on sdid property; to cccrry insicracnce a~sccins~ fire ~
on th.e br~ilding on said lacnd for not le.ss tluin $ none . ,
~ anc~ windstorm insurc~ccnce in amoccnt of ~ none , approvetl
t'~ I~the .~ortgu~'ee, with standard mort~age loss clczuse payable to .hfort~agee, the -
, ~ policy to be /cel,~l by the .1lTortgag'ee, to keep the building on sa.id land iit proper
~ repair; and to waive the I~o~nesteac~ e:~ception.
€ S'hou lrl an J of the above coaenccnt.s be broken, trten said note and actl ~noneys .
~ secured hereby shalt without demand, if the JKort~a~¢'ee so elec~s, at once become due :
i ~t~ul paJccLle ctnd the m,ort~age be foreclosed, and cr,ll cosEs dnd expenues of cotlectiou
uf sacicl rrwrceJs by foreclos«re or otherwise, includin,g soli,cito~'s fees shall be paid bJ
the .lfortgccgor~a~he sdnae are hereLy secwred. -
In Witnees Whereof, The saul JFfortgagor lcereunto sets his hacnd dnd .
seal the d.cuj and Jear first aLove writte~c.
3 3ealed Dellvered in Preeence of U~
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. I ~.+~i j ~ S_ ~ ,
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- ~~°~a' t`";
, i IN ~ArMENTO?TAXls E~
DUE ON CU1lS'C' INTANGISI,E rERSpNA(, r!lOrERTY~
PURSUANTTOCHA~TERZ07t~.ACTSpFiM1 + ~
- - , e t Court
~ os Aqent for ~l1RTIS M. JAMES
St. l,~ Tax Coll °
i~\..".~.~ol.e~ ~
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