HomeMy WebLinkAbout0349 ~ I'~~k:T AGE\~'1' t'o~m \t\\'~:i '
218'798
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THI3 MORT(iAGE DEED, made aad esecuted tbe.,.1~_day oL_~..~e~LX~~ l9._.__. .
by..-~- ----~---....._....._...._YV.I.LLIAM..H._...Y~ATSD~i.....as.....Tr.usk~e.._....._
here~nat:ee called the biortgagor, whlch term shall include tt.e heirs, legal representatives, auccessoro and assi~u
ot the said 1?iortgagor wherever the context sa requirea or admita, ~
to ................................A_,_ H. JACOBSON,_,. a_.Minnesota corpor~tion,_, ~
• . •-•_-°-°-.~..._......»_w.~~__.._....._ 4
hereinafter called the Mortgagee, which term shall indude the heirs. legal repreaentetivea, aucceaaors and assigns =
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of the safd l~fortgagce wherever the context so requires or admita
WITNESS~'1'H: That for di~ers good and valuable considerations, and aL9o ia considention of the aggre- ~
gate aum named in the promis~ry note ot even date herewith hereinafter deacrlbed, the aaid Mortgagor doea ~
hereby grant, barga?n, sell, slien, remise, release, convey and coattrm unto the aa~d Mortgagee, h1s heire, succeesors ~
end dsslgr.a, all the certain piece.._., parcel... or tract~... of land. ot which the aaid Mort~agor 1s now selxed and ;
poasessed nnd tn actual posses~ion, ~~tuate in the County ot...c~.St r....~!UCle.._.__.~d 3tatt of Florida, deacriDed t
as tollow~: '
Parcel "B" of d Y~~} of a survey of the South of Government Lot
5 of Section 2, Township 37 South, Range 41 East, and the North
605.23 feet of Lots 1 and 2 of Section 11, Township 37 South, Range ~
41 East, recorded in Plat Book 7, page 13 of the public records of
Saint Lucie County, Florida; said Parcel "B" lying in and comprising
a part of the South ~ of Government Lot 5 of said Section 2, Township 37
37 South, Range 41 East, together with all littoral and riparian rights
thereto appertaining.
SUBJECT to zoning ordinar.ce and regulations of public record. ~
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THIS IS A PURCHASE MONEY MORTGAGE. ~
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~ pARTIAL RELEASE PROVISIONS: The Mortgagee will make, execute and ~
deliver to the Mortgagor, his heirs or assigns, partial releases ~
; of this mortgage beginning at either the North or South boundaries ~
r of the mortgaged lands and extending from the Eastern to the Western '
= boundaries thereof in parcels having a North-South width, as measured
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~ along State Road A-1-A, of not less than 100 feet, upon payment of
- the sum of ~ao Hundred Eighty ($280.00) Dollars for each foot so re-
{ leased. All payment of principal shall apply toward partial releases;
t provided, however, that any prepayments of principal in advance og.the
~ date on which due shall be credited to the installments due on the
; note secured by this martgage in inverse order.
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TO HAVE AND TO HOLD the same, together with ail and ~ingular the tenemenb, hereditaments and a~ ;
~ purtenances thereunto belonging or in anywise appertaining and the riverslon and teversioas, remainder aad
A remainde~, rent~, ~ssue~ and profits thereot snd also all the estate, right~ title~ lnterirrit, pr~~+triy. posseaston. .
{ clafm and demand whatscever as well in law es in eqwty of the said l~iortgagor in ewd to the same aad every part
and parrel thereof unto the ~aid Mortgagee, and his heir~, auccessors aad aasigns, !n fee simple. '
And sa~d 4tor:gagor, tor himself, ~nd his heirs, legal representatives, succeasots end assigns, hereby coven-
e; ants wsth sa~d ~tortga~;ee, his heiro, legal repreaentatiee~, auccesaors and assigns, that uld Mortgagor !s [nd~ .
teasibly se?zed of ~aid tand ~n fee asmple; that the said Mortgagor ha~ tuli power and lawful rlg~t to convey the
= axmr in fec s~mpie e+ atorcsaid; thet it ahalt be lawtul for said Moztaage4 hls heirs, legal repreaentsUvea, suo-
ces.sor~ and assiQn.~, et al! time~ peaceably ~nd quSeUy to enter upon, Aold, occupy and en~oy aaid land and ever~ ~
part thereo(: that 'aid land is tree irom sll incur?brances; that aald Mortgsgor, his heirs, legal repr~aeniatlver~ .
- ~ijcces~.~r~ an~1 ass~~,rn., ~azll make snch further assurances to perfect Ne fee aimple title to sald land in ~a1d
- Murtgagee, hlv heirs, feRal represmtat~ve~, succeasors and aasigns, as tnay reasonably be required: and that sstld .
MortR:~gor dne~ hereby fuily karrant the dUe to said I~nd and every put thereot and wW defend the ssme agaln~t
t.:«~ 's~~.+~!~31 ~'a:•n~ ot ail +~Pru~ns wfiomsoe~•er.
F'ROVI(~FT> AI.WAY3, Thnt tf sald Mortgagor ~hall paq unto tAs sald Hortgage~ Lhe certaln promissor~
,~?r, ah.~h t!.' tollowfng ln word~ and flgures L a true copy, to-wft:
rN5 ~,.~'n~ n n ~ d/
- CARO! t. ~c~J_R_dN
` ~<~-IMAN d. CRARY, P. A. AHOrners
~O1 FIRST NATIONAL dAfVK ~LDG. BQdK19~ FACE ~~V
STUART~ FLORIQA 33494
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