HomeMy WebLinkAbout0617 ' • - - 212803
{~art~~i~r
~~is .~artqat~e made th?a ~~.o ~~v ot ,A~Y~ t~« +~Y~ A.D. 19 7], b~ and betvreen
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NORTH BEACH DEVELOPMENT CO!?iPANY, a Florida corporation
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i herrina[tPt rnterrerl to as MortgeJ~or, snd
; RALPH VOIGHT, P.O. Box 580, Sarasota, Florida,
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I hereinafle~ mterred to as Murtgagre;
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i ~~tt11C88P1~1: I?lurtgago~, in conside~ation o[ the aggregate sums namrd in the prumissory note hereinalter descrilxd.
dors hrreby grant, heriGain, aell. convey, mortgage and rncumber unto Alortgagcr the following dearribed pwpe~ty
( situate in $t. Lucie C~unty. Florida:
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I All that land described on Exhibit "A" attached hereto and made a part '
hereof containing 340.4 acr~s more or less. -
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~ G'~f:~l~s~~E~
~l'7L~' ~ t.-c.t~ .CJ
~ RECEIYE~ ~
~ IN PAIMEYT OF T/~CES
DUE ON CIASS 'C INTM!(~IBIE PERSCNAL ?~0?E~i11I.
PURSWI~Ii TO GtAPTER 2Q)2t. ACTS OF 1St1.
I R~ER POI?RAS~ Ckrk C~rcu+t Ccurt
~s Agent fot DMIIEI N, Kf~1a1MlES, 1R
I St L~de Counpt T~t Collect~r
{ gy 7~~.~c~lct-U"~
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i DEPIliY CLERK
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tugether w~th a!1 appurtenancc~s. privilegrs, rights, interests. duw•er, re~~rrsiuiu, n•maindre_, and easemente ti~ereunto ap-
pertaining. and the rents, incomes. issuc~s, profits and re~rnues thereut. and also al! impro~•emenis and tistures, as
defineil in Paragraph 15 hereof. now on or in or hereatter pla~rd thereon or therein, and all shrubbery nox growing
' or whirh may herratter be planted thereon: all of which will hereinatter tw reterred to as "mortgageci ptoperty"_
~ ~CMtttlCtl ~~1UM~/8, that i[ Mortgagor shall prompth• pay to :~tortgage~ees~s~m~miaaos~t--`-
those certain judgments held by mortgagee against David B. Putnam
recorded March 17, 1970, in Official Record Book 183, page 1607,-and
recorded February 8, 1971, recorded in Official Record Book 190, page #
' 189, Public Records of St. Lucie County, Florida, issuing out of Circuit ~
f Court and Court of Record of Sarasota County, Florida respectively. `
~ This mortgage is executed and delivered by mortgagor as additional
~ security for the aforesaid judgments and is not to be deeiued or constru~ ~
~ ~ to be in sat~sfaction of said judgments. Part of the consideradi.on for ;
mortgagor's execution and delivery hereof is the agreement made by mort-
gagee and evidenced by acceptance hereof, that mortgagee will take no
action to enforce said judgments by garnishment, levy or other supple-
~ ( mentary proceedings for a period ending October 30, 1571, and such
~ agreement is acknowledged to be of valuable benefit and consideration
` to mortgagor in that it will assist mortgagor in the orderly disposition
i of its business and sale of the mortgaged property. In the event all th
~ sums due under the aforesaid judqments are not paid on or before October
~ 30, 1971, then mortgagee may enforce its rights under said judgments and
! at the same time foreclose this mortgage which is given to secure the
~ full unpaid principal balance together with all accrued and un~aid
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interest and costs under said judgments and to pursue such other rights
; or~emedies grovided to mortga~ee by la;a. jdt:erever the term "promissory
, note" or "note" is used-in this mortgage, same shall be deemed to mean
~ ~ the two aforesaid judgments.
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NO INTANGIBLES TAX OR DOCUMENTARY ST~MPS DUE HEREON SINCE TH~RE IS VO
~ ; PROMISSORY NOTE OR NEW AGREEMENT TO PAY AND SAME IS GIVEN AS ADDITIONAL
~ I SECURITY FOR PRE-EXISTING OBLIGATIONS NOT LVIDENCED BY NOTE OR OTHER
~ ! WRITTEN AGREEMENT. ~ ~
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