HomeMy WebLinkAbout2764 ~u~oawnia •a~~~.~~ao u s o.~~c~ ~
ranr ~ 7loeids 1[ORTOA(lE DE~A Tua/s Law A-.ni Fi,O:~~Ae.~s 1PIJi/arad. N
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~ F.~souted the 25th d~ay o~ iKay .q. D. 29 66
~ bb Garlen Enterprises, a partnershi c '
P omposed of James S. Garner ar~d .
Irvinq L~. Leonard
i hareinaf'ter called thc Jlfort~afor , to Sybil Levita Culverhouse~ as Trustee ;
S under the Last Will And Testament of B. A. Brawn, Deceased. j ~
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hersinafter caiied the .~l[ort~a~ee , +
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( W1tt1C88Ct~1, That for divera ~ood and r~oluable conaideratio».,s, and olao~'
~~n coruicierntion of the a~~re~ate surra named in the promisaor~ note o~ euen date
; hertwith, l~reinaf
ter dasorib~d, the 'said .Mort~a¢o~ , ~ do ~ ~rant, bar~ain, .
. sel1, alien, remiae, reieoae, aonvey and eon~rm unto the said .~Kort~a~ee ,
her heir~ and assi~ns, in fee aimple, ull the eerta~n tract of land, 01
whieh the aaid Mort~a~or , is now seixed and poasessed, and in aotuol ,
~ poaaession, aituate in St. Lucie County, State of Flor~da,
deaorcbui a: follows: glocke 28, 29, 30, 31, 32 arid 33of Bel-Air GroveB
as per plat thereof recorded in Plat Book 14 , Fage 11 , public
records of St. Lucie County, Florida.
This mortqage is qiven subject to easements of record~ to the re-
strictive covenants and the de~dication of cauials, ditches~ dikes and
roads as same are shown on said plat of Bel-Air Groves.
! It is hereby covenanted and agreed that if Mortgaqor, after Septemb~er
: 20, 196~, ahould desire to enter into a long term first mortgage with )
~ an inaurance coaapan~y or other Iending institution, then Mortgaqee
agrees to subordinate this purchase money mortgaqe and the praaisBOry (
note secured hereby to euch a first mortgage= Provided: a12 of the I
abov~e described land has been planted to citrus. except that part
thereof to be used as dikes, berms, roads, drainaqe and irrigation ~
ditches, lakes, ponds, overseer's house, barn, equipment area, pwnp
equiptaent installationa and muck area (provided that the total of eaid
land uaed for said purpoaes shall not exceed 2596 of the land above
deecribed); and, provided, lrlprtgagor shall arrange for a written
irrevocable disbursal agreement of such insurance company or other ,
lending institution as to payments of Mortgagee's purchase money ~ ~
~ mortgage, or M~ortgagee may elect to accept pre-payment of this mortgage~ ~
' in cash; provided further, however, that Mortgagor shall have the ~
right to subordinate or discharge this mortgage by one of said methods+~~
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~ Mortgagor covenants and agrees that when the above described prvperty ; ~
~ has been planted to citrus, said citrus grove ahall be maintained ~ ~
( in as good a Btate of cultivation and husbandry as groves are usually
1 maintained and cultivated in St. Lucie County, Florida. ~
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' THIS IS A PURCHASE MONEY MURTGAGE.
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~1LGElVED f IN PAYMENT OFTAXES r
' DUE ON GLAS3'G' IN7AIiGlsl[ IERSONAL ~it0*ERTY- :
PVpgUANi TOCMArTER 20721.11CTf Of 1l41.
~pGc"R rO1TRAJ, G~rlt CMcvit Covrt
; a. ,~,r fo, p1~ns N~ JAM~3 ~
St~ t~cM Tos C~tM~ , ;
M o~run c~c !
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- BaoK 147 362 ~ ~
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