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Home My WebLink About1126 j ~0~~7 ~ ' 0 y ~~n~~,~' ~ ~ . ~o.ro~.T,o~ ~ o r t g ar g e ` ~ Y 1 THIS MORTGAGE INDE:~TURE~ exccuced chis 26th day of March , A. D., 19 71 , by GAYLAND H. REED CONSTRUCTION, INC., a Corporatan duly organized and existing under the laws of the State of Florida, hereinafter called the Llortgagor, which term as used in every instance shall include the :1lortgagor's heirs, exerutors, administrators, successors, lcgal npresenta- tives and usigns, either voluntary by act of the parties or i~voluntary by operation of law and shall denote the singular and/or plural, and the masculine and/or feminine and natural and/or artificial persons, Nhenever and w~herever the context so re- quires or admits, parties of the first part, and PAN AMERICAN BANK OF MIAMI ~ a corporation under the bankinq laws of the State of Florida, hereinafter called the 1~1ort~et, partv of the second Part, WITNESSETH, That for divers good snd valuable oonaiderations, and to secure the payment of the ag~rre~ate sum of . money named in the promissory note of evtn date hertwith, heranafter mentioned, toQether with interest thereon and alt other sun~s of money securcd hereby as hereinafter provided, tht Mortea~or does ~rant, barQain, sell, alien, rea?ise, nlesse~ convey and confirm unto the'•4lortgagee, in fee aimple, the following dexcribed real estate~ of which the Mortgagor is now Kiud and poaxaed, and in actual possessian, situate in the County of...S~.:.,.I~u~i~'-.....,,,. State of Florida, legally described u follows: PARCEL 1: All of Lot 15 and the East 1/2 of Lot 16, Block 6; PARCEL 2: All of Lot 19 and the East 1/2 of Lot 20, Block 6; PARCEL 3: Al1 of Lot 17 and the West 1/2 of Lot 16, Block 6; and PARCEL 4: All of Lot 21 and the West 1/2 of Lot 20, Block 6; ~~~-All in BII~N SUBDIVISION, according to the Plat thereof, as recorded in Plat Book 9, Paqe 55, of the Public Records of St. Lucie County, Florida. TOGETHER with all furniture, f~rnishines and fuctuns and any rcplacements thereof which are now or may hercafter ~ be located and situate on the above deacribed property, and all atructures and improvrnxnts now and hereafter on said land and the 6xtura attached thereto, also together with all and sin~ulmr the teneaxnts, hercditunenta, esaeme~ts and appurtenanas ; thereunto belonging, or in any wise appertainine, and the renu~ issues, and profits thereof, and also all the e~tate, right, title, ~ interest and alt clainu and demanda what~oever, ~ vvell in law as in equity~ of said ;4lortgagor in and to the same~ and every : ~ part and parcel thereof~ and aiso all gaa and dectrie fiatura, rsdiators, heiters~ air rn~iditioning equipaxnt, machinery, boilers~ i ranges, de~ ators and motors, bsth tubs, sinb, wscer clasets, wster bsauu, pipa, fauceu, and other plumbin~ and heating fix- ~ tura, mantels, refri~eratin~ plants and ia boxa, ~vindow screens, screen doon, venetian blinds, :torm shutten and awnings, : ~ which are now or may henafter pertain to or be wed with, in or on ssid premises, evrn though they be detuhed or detschable, ~ are and shall be deemed to be fixtures and accnsions to t6e freehold and s part of tbe realty. ~ ~ TO HAVE AND TO HOLD the above deacn'bed property unto the Mort~agce, its suecessors and assigns forever. ~ ~ The ~Iortgagor hercby rnvenants with tht MortYa~te thst the Mort~a~or is indefeuibly seized with the absolute and fee i ~ simple cide to said property, and has full power and tawful wthority to sell, c~onvey, truufer and mortgage the same; that it ~ shall be lawful at any time hereafter for the Mort~a~ee to paaably snd quietly rnter upon, have, hold, and enjoy uid prop- ~ ert~•, and every part thereof ; that uid property is free snd di~char~ed fmm all lie~n, encumbranca, and claims of any kind, '<< including taxcs and assessments; and that tht blort~a~or hereby fully wurants unto the hiort~a~ee the tide to said property ; and w•ill defend the samc against the lawful daitm and demaads of sll persazs whoauoever. ' ~ \O~y, THEREFORE, the condition of this mort~s~e s such thst if the Mon~agor shal! well and truly pay unto the ~ 11lortgagc~, the indebtedn~ss evidenced by that certain pramis~ory note, of even dste herewith, trude by the J~Iort~a~or and ~ ~ ~ I~~O 0 ; pa>abk to the ~lortgagre, in the principal sum of FIFTY-ONE THOUSAND FOUR H[JNDRED AND ARS l3 51 ~ 400. 00 togcther w•ith interest as therein statcd, and shill perform, rnmply veith and abide by each and _ e.~~n~ thr >tipulations, agrc~ments, conditions and covrnants contained and set forth in this mortgige and in the promissory nott ~ >ecurcd hcrcb~, th~n thi. mortgage and the atate 6ereby cruted shal! ceut and be null and void. F~ a~~) thc ~lorrga~or docs hercby co.•enant and agree: ~ ~ 1. "i'o perform, rnmply Mith and abide br ese6 ~od erery t6e ~tiyulatioo~. a~recmeotti oooditioo• aad corcoana conqiocd and sei (or~h in ~aid promissorY nott and this mart~a~e deed. rTG t7 ~ b00K ~ ~ _ - . ~ , ~.m.