HomeMy WebLinkAbout2780 Fot~ !!06 Flonda A10RTGAGE nEED ~ TUTB~ANX s~~.~c s..• o.•
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~ W b~reelf ~Yed I~elt{\ lM te*s~ ••mortn~ot•• ~sd .•r~ottsa~e~r fetluds ~11 11M p~~tlr t0 16i~ "tu~ttYMK asi lM AMrt.
ud
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ta a 6eeeia d~i~rnWd ilYmo~n
thas os~. ~xs ~ari~ ~d aorpot~tioar, a~d tM 4rs wu".
tA~ plura! t6e ainsulu. asd tbe we of ~ny ~nder aAaU includr ~11 ~ndrr~.; N~u aumEur sAatl iorludr t6e ptur~l and
l::re~rtted tlte 26th daJ of May .1. D. 19i66 ,
bJ
Fred M. ~arger
her~i~ta`ler rulled tlie.~lort~u$or, to y~bil Levita Culverhouse, as Trustee
under the Last Will and Testament of B. A. Brown, Deceased,
her~i~iajt~r c~ull~~l th~ .ltortspyee.
~ttrie~~p#~, that for c~ivers ~ood and valuacLle considercttions, acnc~l also in
considerar.tion of tlr.e a~s~reyscr,te srcm nanaecl i~i tlae pronaissorr,/ ~aote of even date here-
rvitla, lcereinafterde~scri6ed, thesaid ~lfort~sa~or, doesgrant, ba,r~ain, sell, a•Zie~a, remitise,
release, co~aUeJ a.n~l confir»L r~~ato tlee said .~lTort~agee, in fee simple, a•ll tlrat certain
tract of land, of i~~laicli. t)re said JFfo~~t~a~or is now seized and possessed, and i~a t~.ctiurl
possession, sittcate i~a St. Lucie CountJ, Stacte of Flori,da, described
as fotlows: Blocks 43, 44, and 45, of Bel-Air Groves as per plat thereof
recorded in Plat Book 14 , Page 11 , public records of St. Lucie
County, Florida.
Z'his mortgage is given subject to easements of record, to the restrictiv
covenants and the dedication of canals, ditches, dikes and roads as same
are showr~ on said plat of Bel-Air Groves.
It is hereby covenanted and agreed that if lrbrtgagor, after September 20,
1967, should desire t~o enter int~o a long term first mortgage with an
~ insurance company or other lending institution, then lrf~ortgagee agrees to~
subordinate this purchase money mortgage and the promissory note secured ~
• hereby to such a first mortgage; Provided: all of fihe above described •
land has been planted to citrus, except that part thereof t~o be used as ~
dikes, berms, roads, drainage and irrigatlon ditches, lakes, ponds,
overseer's house, barn, equipaent area, pump eauipment installations and
muck area (provided that the total of said land used for said purposes
shall not exceed 25% of the land above described); and, provided,
I~+brtgagor shall arrange for a written irrevocable disbL~rsal agreement of
such insurance company or other lending institution as to p~yments of
~ Mcartgaqee's purchase money mortgage, or irbrtgagee may elect t~o accept
pre-payment of this mortgage in cash; provided further, however, that
Irbrtgagor shall have the right t~o subordinate ar discharge this mortgage
by one of said methods. ,
Mortgagor covenants and agreea that when the above described property
has been planted to citrus, said citrus grove shall be maintained in as
good a state of cultivation and husbandry as groves are usually main-
tained and cultivated in St. Lucie County, Florida.
THIS IS A PURGHASS MON$Y MORTGAGS.
~ e~u ; ~~ve ttt~ ~a ~I~Id th,e same, to~ether with the tenements, hereditc~
m.ents dnd appurtenances, unto the said .1Kortgagee in fee sirraple.
i
.~2t~1 said Mort~'a~or does eovenctnt uzth said rlTort3sa~see that said .hfort~a~or t~
• is indefeosibly seized of said land in fee simple; that the said Jkiortga~or luis full
pozuer dnd la~wfut right to convey said Jand in fee simple as aforesaici; that it shacll be ~
' ldu~ful for said ~~ortga~ee at all times peaceably dnd qui,etly to e~ater upon, hold,
~ occupy and enjoy sdid Zand; tluit said land is free front alt incicrrtbrances; tltat said
.1Kort~a~~r will make such further assurances to perfeet the fee simple title to sdid
land in sctid .IKort~dgee as mcty rea.sonably be required; and that sacid .~1ort~agor
does laereby futly wacrrant the title to sacid land and wilt defend the same a~ainst ~he
lawful cla,ims of alt peraona whomsoever.
go ~~.~7 378
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