HomeMy WebLinkAbout2774 Fo.~ 110d Flwcd, NOR7GACE DFED TuTeuu+x a...:. ~
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145898
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~ W Mre~r red l~aef~ tM fR+~ "nwn~~or` ud "sart~a+` iedud~ all t?e partir to tl~L i~tr~t aa~ tM l~iA:
lepl rtpf~n4tivs ~td of tadlridud~ Wd LAe Mrceras awd ol ootpotftioar, uA t!! brl~ ~ot!"
ieetuds a!! tda notas trcna'a de~rriMd it +wr~ Uus oee. WAerrtrM ~rrd tbr ala~ular numMr sAaU isdude tl~e plunl aod
tA~ p1Y+a1 ti~e ~is~ular. aad tAe u~e d aaY ~eder ~AaU inciudr all ~ndera/
F:re~ttted tl~e daJ oj May 19 .-l. D. 15~i6 ,
l~J
Barry L. Hirsch
liereii~ujter culle~! llre ..ltortdn7or, to ~bil Levita Culverhouse, as Trustee
under the Last Will and Teatament of B. A. Brown, Deceased,
her~inujtc~r c•ultc~el tlrc~ .Ilor,tstr~ee,
~~IIP~~pfl~, tJrat for divers good a-nd aaluable consideration.s, dnd also i~r
consideration of the a~~sre~ate si~m nanLed i~i tlae promissorrJ note of caen date liere-
rvitlz, hereiiaafferdescri6ed, th~ sai~1. ~Itortgagor, daes ~rant, ba.r~;n.i.n, sell, alie~a, renaise,
release, cortveJ und confirni tcnfo the said .rifort~sa~ee, in fee simple, all that certain
tract of land, of ivlticlc tlre said .rZfort~agor is now seized and ~osses.sed, ar~~ in. actr«rl
possesswn, situate in St. Lueie Count~, St~acte of Floridac, described
ccs follows: Blocks 19, 2o anci ii, of ri~i-Air Groves as per plat thereof
recorded in Plat Book 14 , Page 11 , public records of St. Lucie
County, Florida.
This mortgage is given subject to easements of record, to the restrictive
covenants and the dedication of canals, ditches, dikes and roads as same
are shown on said plat of Bel-Air Groves.
It is hereby covenanted and agreed that if lrbrtgagor, after September 20,
1967, should desire to enter into a long term first mortgage with an
- insurance company or other lending institution, then Mortgagee agrees to
subordinate this purchase money mortgage and the promissory note secured
? ereby to such a first mortgage; Provided: all of the above described
land has been planted t~o citrus, except that part thereof t,o be used as~
dikes, bexms, roads, drainage and irrigation ditches, lakes, ponds,
overseer's house, barn, equipment area, pump equipment installations.~nd
uck area (provided that the t~vtal of said land used for said purp~ses
~ shall not exceed 25% of the land above described); and, provided,
Mortgagor shall arrange for a written irrevocable disbursal agreement of
such insurance company or other lending institution as t~o payments of
Mortgagee's purchase money,mortgage, or Mortgagee may elect to accept
pre-payment of this mortgag2 itt cash; provided further, however, that
Irbrtgagor shall have the right to subordinate or discharge this mortgage
by one of said methods.
Mortgagor covenants and agrees that when the aba:~e described property
as been planted tA citrus, said citrus grove shall be maintained in as
cood a state of cultivation and husbandry as groves are usually main-
tained and cultlvated in St. Iucie County, Florida.
THIS IS A P'URCHASS MONEY MORTGAG~.
` ~tt~e ~~A.~~1 the sam,e, to~etlier with the tenements, lr~ereditt~
ment,.s and appurtenances, unto the said .JKortgc~,~ee in fee simple.
.1~tt~1 said Mort~dgor does covenant zvith said .1Kort~d~ee that sacid .hfort~agor
~ is indefeasibly seized of said land in fee simpLe; that flae said ,hfort~a~sor ha,s fulb~
~ power and lawfut ri~kt to conaey said la~nd in fee simple a.s afore,said; that it slutll bq'~
lawful for said rKort3sagee act alt times peczeeably and quietly to enter upon, holc~'
occupy dnd enjoy sdid land; that said ldnd is free from all incumbrances; that said '
.~or~~acgnr wilt m.acke such further a.YSUracncP,~ to perfeet the fee simple title to said
land in sQid .1l~ort~a~ee as mcr~J reasonably be required; and that said ,~ortgagor
does hereby fully u~arrant the title to said land and wilt defend the sd~ne agmi2st the
lacwfut claim$ of all person$ whomaoever.
a~~K 147 372
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