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~ F.p~ ~~~~.1 ih~ 19th , day oJ ~Y A. D. tq66 6y
'i Frank Kratzer
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herPina(ter c•nIIe~I tl~e morf~a~~or, lo Sybil L@V~.tel Culverhouse, i8 Trustee under
~~the Last Will and Testament of B. A. BROwN, Deceased,
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`i ~~ereinaJter callecl f{~e mort~a~~e: .
IWhrre~~r used 6erein the terms ~'morl~a.~r~ and "mortcaRn•• ioclude all t6e parties to tbis imwme~t aad t6e 6ei~s.
~ kRal nprc+entati~ri aod assiRm ot iadi~iduah aed t6e wcce.unrs and assiRm of corporations; a~d tAc term "wte••
I inrludn all the nules 6crein dnrribed if mort Ihan oae.)
~ ~~~~e~~ that (or good and l~(t~U(10I(~ nonsideralions, and also in considerafioR oj the aggre-
j ~atp sum .name~ in tf~e promissory note oJ ei~en dafe ~ereu?it~. {~ereinajter descri6ed, I~e morfgagor {~ere-
~ I~y ~ranfs, 6arg~ins, sells, aliens, remises, conveys and conjirms unto the mortgagee all tl~e certnin lond
~i oJ wh~~h tl,p mort~aflor is nou~ seize~ anc~ in possession siluale in St. Iucie County.
f Florida. ~~z: Blocks 64, 65, and 66, of Bel-Air Groves, as per plat
i~thereof recorded in Plat Book 14 , Page 11 , public records of
~;St. Lucie County, Florida.
~This mortgage is given subject t~o easements of record, t~o the
~~restrictive covenants and the dedication of canals, ditchea, dikes
~iand roads as same are shown on said plat of Bel-Air Groves.
,It is hereby covenanted and agreed that if l~brtgagor, after September
i~20, 1967, should deaire t~o enter into a long term first mortgage with
'~an insurance company or other lending institution, then Hbrtgagee
~agrees t~o subordinate this purchase money mortgage and the promissory
lnote secured hereby to such a first mortgage; Provided: all of the
:,labove described land has been planted to citrus, except that part
`~thereof t~o be used as dikes, berms, roads, drainage and irrigation
~ I~ditches, lakes, ponds, overseer's house, barn, equipment area, pump 4~
; ;~equipment installations and muck area (provided that the total of t~
f ~~said land used for said purposes ahall not exceed 2596 of the land yi
€ ~above described); and, provided, Irbrtgagor shall arrange for a '
~ ` i;written irrevocable disbursal agreement of such insurance company or
bther lending institution as to payments of Irbrtgagee's purchase
~ imoney mortgage, or Mortgagee may elect to accept pre-payment of this
g ;~nortgage in cash; provided further, however, that Irbrtgagor shall
~ ~~ave the riglzt to subordinate or discharge this mortgage by one of
;!said methods.
;Irlortgagor covenants and agrees 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
jmaintained and cultivated in St. Lucie County, Florida.
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~ HIS IS A PURCHASS MONEY MORTGA~GL.
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