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I O,Rt1M'f, .,l~ORM R. R~Nr A r~~ ~M MJ~ ?MrIM Oar OwMM
MORTOAOt DilO
SlIOIrT ROItM -
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btade thts day o~ Novtmber , A'. D._19 6t~ .
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T. R. CANNON and GAIL CANNON, hi8 Wife, ~ .
i hereina~ter oall~d the Ulortqagors , and HERMAN G. Li1dGl~ 8nd BESSIE M. LUDWI+G
~ his wife, ~ _ hereina/ter cnllsd the ~fortgagee s.
` : ~~1PSSe~ That the ~aid Morlya8or e, f
or aed in consfderation o/ the iam o/ One Doll~ to
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• - them iie hand paid b~ the said Mortgra~ge~ e. the rec~ipt whereof is henby acknowledgec~
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. have g~ranttd, baigair~ed a~ed-sold to the satd Mortgagee s,~ their - heirs and ~
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' ai~~gni. forever. the following duerib~d tand. iituate. lyeng und b~ing in the County of ;
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St. Lucie , State or ~ Florida _ . to-entt: . : : ;
~ FROM NE corner of NE~ of the SE} of the SW} thence run South 293 feet
~ We t 9 5 feet for POB thence continue West 133.95 feet, then e-
thence 8 ~2 . ~
South 106 feet; thence East 133.95 feet thence North 1~6 feet to point
of beginning, lying and being~in Section 19-35-40, per publ ic records f
`St. Lucie County, Florida. - ~ .
The mor~ ago s~ wil1 furni h title s rance to co er- the mort a ees ~
-the amou~t ot~ the loan an~ a sketc~o~ eurveqa~ow~ng the prop~r~y witti
improvements s ame to be at the mort~ago~cs •~xpens e.
` The proceeds of thi8 mort age ahall be payable to the mortgagore~ ~i
~ pay~aents; to-wft: $1 200.~0 this date paid`~and ~800.00 held in escro~ .
j to be sid upon comp~etion of the buflding or upon dQcumentary evid n
that t~e $800.00 balance to be aid will clear ~he liene if any o
alternative that mortgagors sha~l furnish release of liens and ev~denc hg '
; that the building is completed. `
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?his ia apurchase raoney mortgage.
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~ . and,the ~aid 1Kortgagors~ do hereby /ully warrant tht tttle to said land. ared will defend th~
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; sam~ agairest the lawf
ut cla~ms oJ aIt penoru whomsoeae~. ~ e
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~roulded ~ltaaiyss That sa~d Mortgagors . theix hetri. legal npr~esentatit~s or k
~ auigns, shaU pay unto the said 1Kortgage~ , thei~~ ' le~at repruantatiuu ar auig~es, a~ r
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certain promissory not~ dated the .day oJ November, . A. D.1964 , for :
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!he sum of ZWO THOUSAND AND NO/100------------------------------- Dollun. . ~
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payabte at $40 .00 per month with littarut at eight ; ~
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per cent. fi~om date signe"d by T. R. Cannon and Gail Cenno ,
hie W if e and shall p~ay all iums payabte henunder, and "per- ~
forin, comply tvith and abida by each and eotry !he stipulafions, agreamentt. oonditions ~d cone-
' ' nants o/ said promtuary not~ and of this mortg~qe, and ihall duly pay all taus, and al~o insuranci .
premtums nasonably required, and a~l costs and ezp~nsu ~tnclud~ngr a r~asonabte attorncg's fet, ~
which said Mortgragee may iacur in coUecting money secured by fhis mortgag~, and also tn
~ en/orcin8 this mortgage by..suit or othertois~, then lh~s mortgage cued the ettate hereby created "
~ shall cease und be nult and votd. ~~11 ~1t11LSS ~Ii~s the said Mortgcegors hereunto s~t
the ir Iwnd~ und uat s the day and year ~rit aboue writtaie. .
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; Signe de iuered tn pnsance o~ w:
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