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, E~r~.~ed ehe 24th \ day of lrlay A. D. ~9 66 6y `
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Jantone Enterprises, Inc. 1~
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. a corporntion ext~ting wtder I~e ~aws of ~W YQRj( , and hauing its principal place o~ ~
6usiness ot 9171 Wilshire Blvd. , Suite ~~04, Beverly Hills, California I 4
" he.~~naJt~ ~Ued ~he mo.~ao9o~, eo Sybil Levita Culverhouse, as Trustee under , l ;
the Last Will AY~d Testament of B. A. Brawn, Deceased. ~
whwe posto/~ice address is `
hereinajter oalled the mort9agee: ~
(WLtnerer wrd bucie tbt termmf "mort~aLor" aed mwt~cs" ;ndude aU thc pvties eo t6is imtrumtnt aed the 6ein. ~
kYtd rePr'aenntiva aad asi~m o( ~ad~vidrah, asd tAe arcccaoo and usism o[ c«yoratiws: asd thc urm "note'• ~
iacludn al! tbe eota ~rt~u dacribed it more thas osa)
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that ~ar good cvtt/ ~alunble considerations, nnd also in consideralion oJ t{~e aggre- ~
gate sum numed in !/ee pro~reuJOry note of even date berewif{~. l~ereina~ter descri6ed, the mortgagor here- ~
6Y 9~~. bar9a~na. seQs, aGens, remises, conueys and con~irnu unto the mortgngee a~~ the certain ~and 3
oj which the mortgagor is now seized and in possession situate in St. LUC1@ County, i
Floridu, viz: k
Hlocks 40, 41 and 42 of Bel-Air Grovea as per plat thereof recorded ~
in Plat Book ~4 • Paqe _ 11 , public records of St. I.ucie ~
County, Florida. ~
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This mortgage is given subject to easements of record, to the re- ~
strictive covenants and the dedication of canals, ditches, dikes and
roads as same are shown on said plat of Bel-Air Groves. ~
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it is hereby covenanted and agreed that if Mortgaqor, after Septembe ;
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20, 1967, should desire to enter into a lonq term firat mortgage ;
with an insurance cc~aapany or other lending institution, then 1Kortgag ~
' agrees to subordinate this pqrchaee money ma?rtqage and the praaieso ' ~
~ note secured hereby to euch a first mortqage; provideds all of the ' '
above described laryd hae been planted to citru8, e~cept that part ;
thereof to be used as dikea, berma, roads, drainage and irriqation •
ditchea~ lakes, ponds, overseer's houae, barn, equip~ent area, pump ~
equipment installations and muck area {provided that the total of '
said land used for said purpoees shall not exceed 2596 of the land =
above describedjf and, provided, 1Kortgagor shall arrange for a ;
written ir•revocable disbursal agreement of such insurance ~anpany or
other lending institution as to payments of IKortgagee's purchase
money mortgage, or Mortgagee may elect to accept pre-payment of this
mortgage in cash= provtded further, however, that Mortgagor shall
have the right to subordinate or discharge this mortgage by one of ;
said methods.
1~l~rtgaqor covenants and agrees that when the above described propert
has been planted to citrus, said citrus grove ehall be maintained
in as good a state of cultivat~on and husbandry as groves are ~
usually maintained and cultivated in St. Lucie County, Florida. z
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TH IS IS A P'tJRCHASE NEY 1~ORTGAG . ~
•~EIYED s ~ ~N PA~MENTOFTAX(5 ~
nn~ ny Ct~:a'C' tMT~NGtBIC tE11SONAL 1'QO~ERT1. }
f y,,•,.; vT +O ^N A?TEA 20721, l~CT! OF tl41. ~
~XfQ0o~1"~?s, Clsrk Chait Covtf ~
»,i::_nt~.r :U-~ISM.IAMES ~
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3'f D~TtITY CLE7tK ~
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