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MORTGAGE DEEp OIEW'3 FOlM f. E. • wawlecNrN ~M (M wN tM N. l W. De~~ CHNn
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' 14590
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i~ Ex~~ ut~d tl~~• 25th day oJ May A. D. 19 66by
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George M~+haris
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~ e e na~IPr fAIIP~ IIIP mo?t~a~or, to Sybil Levita Culverhouae, a8 Trustee under
~ ~~he Last Will and Testament of B. A. BROWN, Deceased, t,
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' 4 l~ereinu(fer ca11e~1 ifie mor~yagep: ~
' (N'bcrr~r~ used 6erein the terms "moneaRo?" and "mortcaRee" includr all the parties to thn imuumeu and t6e 6ein,
i k~ni npresentati~es and assicm ot iadiriduah. and t!x suireu..n and aai~ss o( torpor:tions: aad t6e term `•note"
inciudes all tAe nutes 6erein described it mure t6aa ooe.)
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~i ~~~~Q~~ tF~al /or good und ualua6le c~onsiderations, a?id also in consiclernlion o~ 1he aggre-
; ~ate sum name~ in t{~e promissory note o~ even crate ~ierewitl~, ~ereina(fer clescribed, the mor(gago~ ~ere-
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~ 6y grants. 6argains, se~Is, aliens, remises, conveys and con~irms unto Ihe mortgagee aII the certatn Iand
of w~ic% f/ie mortgaflor is now sPizecl anc~ in possession sifuate in S't. Lueie- Couney.
~'~~r~~~• ~~1z= Blocks 3? , 38 , and 39 , of Bel-Air Groves, as per plat
~lthereof recorded in Plat Book i~. Page 1I , public records of
5t. Lucie County, Florida.
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'~rihis mortgage is given subject t~o ease~nents of record to the
~~estrictive covenants and the dedication of canals, ditchea, dikes
i~nd roads as same are shown on said plat of Bel-Air Groves.
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i t is liereby covenanted and agreed that if Mortgagor, after September
~~0, 1967, should desire t~ enter int~o a long term first mortgage with
;pn insurance company or other ~~nding institution, then l~brtgagee
~agrees to subordinate this purch~ae money mortgage and the promiasory
~pote secured hereby to such a first mortgage; Provided: all of the
;above described land has been planted to citrua, except that part
~thereof to be used as dikes, berms, roads, drainaqe and irrigation
. ;{3ltches, lakes, ponds, overseer's house, barn, equipanent area, pump
~ ~equipment installations and muck area (provided that the total of
` 'Said land used for said purposes shall not exceed 2596 of the land ~ -
• !~above described and, provided, Mortgagor shall arrange for a
~ritten irrevocable disbursal agreement of such insurance company or .t~
bther lendin5 institution as to payments of Mortgagee's purchase
~noney mortgage, or Irbrtgagee may elect to accept pre-payment of this
'pnortgage in cash; provided further, however, that lrbrtgagor shall
; ave the right to sub~rdinate or discharge this mortgage by one of
i's aid methods .
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~~rtgagor covenants and agrees that when the above described property
~~as been planted to citrus, said citrus grove shall be maintained
~`~Yn as good a state of cultivation and husbandry as groves are usually
'~naintained and cultivated in St. Lucie County, F'lorida.
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i?i'HIS IS A P'[JRCHASE MONEY MORTGAGB.
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~I IN PA~MEM70iTAXE3
~I R[CifYED f
OUE OM CU13S'G' INTAIiG1eLE rER50NAl PROlERTr.
pVitillANT TQ CMArTEA ~O~7Z4, ACTt OF 19t1.
~.R p,prTR~;, Cbrk Ckwit C vrt
ar A0~ ~ ~RT~s M. JAMES
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M DlTt17Y CLERK
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