HomeMy WebLinkAbout0127 YOiTQAGE ~EtO oa~w~s ww e. t. a ~....a~~...~ wN ~t Ty N. t W. D~~~ c.....r
~oao rwu i ~ n«;.. ~ .
il ~ 146U'?"~ ~
~ ~ ~
i;
I~
hXPlYII~ I~P 23rd day o/ ~y A. D. ~9 66 6y
John Frankenheimer
~ hereina(le~ calle~I fl~e mo?tga~or, to gybil I,evita Culverhouse, a8 Trustee under ,
, ~~the Last Will and Testament of B. A. BROWN, Deceased,
~ ~I
~ ~
iI {iereina(fer called Ihe mort~agc~:
~ I ( W6ere~er u+ed Acreis tAe urms "morts~ROr" aad "mnrtRaRet ' i~clude atl tbe puties a i6u irouvmeat and tAe 6e~n.
{ kxal rep~e+eoutives and axi;m o( i~dividwh. and t6e wcceax.ra aad anisns of awporation; asd t6e term •~wte••
= includes dl the wtes Aercia dncriE~d i[ more t?aa oae.)
~~tn~~~~ that ~or good and i~aliia6le consideratioris, and also in consideralton o/ the nggre-
. i I
gate sum namec~ in !~e promissory nofe o~ even dale herewilh, f~ereinajfer de:~.tbed, t~e morfgngor here-
6y granls. 6a?pains, sells, aliens, remises: conveys ancl rnnJirma unto the moMgagee alI tl~e ce?tain land
o/ wh~~h ~hp morlgapor is now seized and in possession siluate in St. L11C~8 County,
T'Ioricla. ~•~z: Blocks 7, 8, and 9, of Bel-Air Groves, as per plat
~`thereof recorded in Plat Book 14 • Page 11 • public records of
1St. Lucie County, Florida.
~This mortqage is given subject to easements of record to the
~restrictive covenanta and the dedication of canals, ditches, dikes
~and roads aa same are shown on eaid plat of Bel-Air Groves. ~ i
~
kIt ie hereby covenanterd and agreed that if Mortgagor, after 3eptember~
;20, 1967, should desire to enter into a long term first mortgage with
i~ an inaurance company or other lending institution, ~hen l~brtgagee
~`:.agreea to subordinate this purchase money nartgage and the promissory
j~note aecured hereby t~o such a first mortgage; Provided: all of the
j~above described land has been planted tA citrus, except that part
thereof t~o be used as dikes, berme, roade, drainage and irrigation
~ ~;ditches, lakea, ponds, overseer's houee, barn, equipa~?ent area, pump
~equipanent installations and muck area (provided that the total of
~ ~said land used for said purposes ahall not exceed 25% of the land :
` ~ above described and, provided, M~rtgagor shall arrange for a
~ ' jwritten irrevocable disbursal agreement of such insurance company or.~
~other lending inatitution as to payments of Mortgagee's purchase
~~money mortgage, or lrbrtgagee may elect to accept pre-payment of this
;tmortgage in cash; provided further, however, that Mortgagor shall
;!have the right to subordinate or discharge this mortgage by one of
;said methods.
'!1~Sortgagor covenants and agrees that when the above described property ,
~~has been planted to citrua, said citrus grove shall be maintained ~
l~in as good a state of cultivation an,d husbandry as groves are usually
~;maintained and cultivated in St. Lucie County, Florida. ~
, ,
fiTHIS IS A PURC~iASE MONSY MORTGAGE. % to~•ax~~ ~
k' ~}r PA~M~M PROfERT'[.
~ s P~Rc7YRt
A[CEIYED f . 1N1A;lG1Bl- < uF 19;1.
~ DUE ON CLASSCH~PjER 20724. AGT _
PORSUAHT SO CIfCV~? C~utt
~ I~ RpC,._R POttA.> u°M. JAA~`-S
~t far C~' ~
~ s~ N Tox Cd1~ror
c?.~s+x ~
DEPU71f
~ ~ ~
~ '1 ;
~ '
t
~ ~ R 14g 1~~ ;
~ ~ b001( :
~ ~
~
~
s 1i - ~
a
,
yy
_.t .