HomeMy WebLinkAbout0124 MOlTOAOE OE~ DeEw'i fOw E. 72 wahnr.N •.r h. wN ~s ib N. l W. t. O.w G.rNr
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Exvcut~d the 18th day of May A. D. 1966 Ly
Bill Dana Productioas, Ltd. _
a cbrnoratton exiaftng weder fl~e ~awa of Ca 11 fornia , and having ita prtncipal p~uce o~
bu~t.?eu ~e 9171 Wilshire Hlvd. , Beverly Hills, California
~ k~etnalt.r calied ehe mo.~9agor, to g~31 Levita Culverhouse,' as Truatee under
the Last W311 And Teatament og 8. A. Brown, Deceased. ,
whwe posto/~ice nddress is
h~reinn~ter cu~ fhe mortgnpee:
(WDererer wed 6ereie tbe taau "mor~aaor° aed mortp~«•• ;nclude aU tAe pvties to tAi~ iastryme~t aod t!e ?cirs. ,
klcal eepnsee4tirea and ~rism o( isd~vid~ob, a~d t6e ~+crcison aod asaism o( corporatio~; aad tAe tem ••~ote••
inclydes all U~e soln ~enu dbcrib[d it more t6as o~t.)
~~1~~~ thQe (or good und ualuable considerafions, cend also in consideraiion oj fhe oggre-
gnte swre reumed in the promirsory note o~ even dnte I~erewifl~, {~e~eina~ter described, the mortgagor here-
6Y 9~fs. bargains, seRa, aliens, remisea, conveys and con~i?~ms unto the mortgagee a~~ the ce?toin ~nnd
oJ wl~ich tl~e mortgago~ is noiv seized and in possession situute in St. LL1C1e County.
Florida, v~z:
Blocka 4, 5, 6, 13, 14 and 15 of Bel-Air Gravea a8 per plat
thereof recoraeci in Plat Boak ~4 • Page 11 , public records ~
~ of St. Lucie County, Florida.
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Thia mortgage is qiven subject to eaeements of record, to the re- ~
._8trictive covena~c~ts and the dedication of canals, ditches, dikea
and roade as same are sho~wn on said plat of Bel-Air Gro~ves.
It 18 hereby covenanted and agreed that if Mortgagor, after ~
September 20, 19b7, should desire to enter into a long term first
~ mortgaqe with an insurance company or other lendin;g inatitution,
~ then Mortgagee agrees to eubordinate this purchase money aortqage -
. and the promisaory note secured hereby to auch a first mortgage= •
Pravided: all of the above described lan~d has been planted to
citrus, except that part thereof to be used as dikae,- benas, roads, ~
drainage and irriqation ditches, lakes, pond8, averseer's house,
barn, equipment area, pump equip~nent installations, and muck area
(provided that the to~tal of said land used for eaid purposes shall
not exceed 2596 of the land above described)= and, pro~vided, ~
1~l~rtgagor shall arrange for a written irrevocable diabursal aqree- ~
ment of auch insurance ceaapany or other lending inetitution ae to ~
paymente of Mortgaqee's purchase money mortgage, or l~l~ortgagee may ~
elect to accept pre-pay~aeat of this mortq~ge in caehf provided '
further, however, that l~ortqaqor shall have the right to sub-
ordinate or discharge thia mortgage by one of said methods. `
- M~ortgaqor covenants and agrees that when the above described
property has been planted to citrus, 8aid citrus grove shall be ~
maintained in as good a state of cultivation and huebandry as i
j grovee are usually maintained and cultlvated in St. Lucie County,p
~ F1.orida. '
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THIS IS A P'URCI~ASS I~pNEY MOItTGAGE.
RECfIVED ~ 1N PA~MEMT OF T/lXtS
DUEON CI~S~'G' !NTAV~t9l~ PER~JV~I. PkOPERTr.
PUR;UAMY ?uCf ~"jE?~ z~~14_ f~.T~ uF 1941,
RL~~ . , ~;•rk Gra:~r G.vrt
•Ti3 M. 1M!:3
os ..,,~nt f . r c:U
g~. tax Cotl~tfor
' ~'f o~rrun c~~aK
sooK 148 . 12~3
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