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MORTGAGB DEED
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THIS MORTGAGE DEED, ~
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EXSCUThD the 21st day of Auqust, A. D. 1970, by GENEItAL D8V8LOP-
M$NT CORPORATION, a Delaware corporation authorized tio tranaact
business in the State of Florida, party of the first part, herein-
after called "the Mortgago~", to GERALD J. HOLMES and PTsNEL~PS A. •
HOI~S, his wife, partiee of the second part, hereinafter called
"the Mortqaqees".
W I T N E S S T T H: .
THAT, for divers qood arid valuable considerations, and, also, in
consideration of the aqqreqate swa named in t,he promissory note of
even date herewith, hereinafter described, the Mortgagor does here-
by grant, bargain,:sell, alien, remise, release, convey and confirm
unto the Mortqaqees, their heirs and assigns, in fee simple, all
that certain tract of land of which the Mortgaqor is now s~ized and
possesseii, situate in St. Lucie County, Florida, and described as
follows:
A one-half undividedt interest in and to:
That part~of Section 34,~Township 37 South,
Ranqe 40 East, lying $ast Qf the East right-
of-way line of. Sunshine State Parkway (Turn-
. pike) and. South of the South right-of-way
line of Becker Road and North of the North .
riqht-of-way line of C-23 Canal.
TO HAVE AND TO HOLD the same, toge~her with the tenements, heredi- .
taments and appurtenances, unto the Mortgagees, their heirs and
assiqns, in fee simple. •
AND the Mortgaqor, for itself, its successors and assiqns, covenants
with the Mortgaqees, their heirs and assigne, that the Mortgaqor
is indefeasibly seized of said land in fee simple= that the Mort- ~
gaqor has full power and lawful riqht to convey said land in fee
; simple, as aforesaidi that it shall be lawful for the Mortqaqees,
r their heirs and assigns, at all times peaceably and quietly to enter
upon, hold, occupy and enjoy said land; th~t said land is free from
~ all encumbrances, except any existinq at time of conveyance to
Mortqaqor, and that the Mortgaqor does hereby fully warrant the title
to said land.and will defend the same against the lawful_claims of
all persons whomsoever.
This is a purchase money mortgaqe oE equal c~iqnity with that cer- .
tain purchase m~ey mortgaqe of even date herewith encumberinq the
other half undivided interest in the above described praperty and
wherein General Developaaent Corporation, a Delaware corporation, is
the Mortqagor and Charles E. Wilson and Janet L. Wilson,. his wife,
are the Mortqagees. .
PROVIDED, always, that if the Mortqaqor, its successors and assigns,
~ shall pay unto the Mortqagees, their heirs and assigns, that cer-
tain promissory note, of Which the followinq, in words and figtires
is a true copy, to-wit: -
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• 'fhis instrument Wss Prepared 8y:
SIDNEY B. KRASSNER. Corporate Counad .
. G~neral DewtopmaM CorporWon
I111 8. Barshon Or., M~arr~, Fla. 33131 ~
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