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~.'\~k:T AGEtiI'1' -Fu~m \1\C~;{ (.Ai'C.'L E. P~{!i. •t'' 218802
Hf_I\1AN & C~~RY. P. A. At;errevs
201 FIRST NATIONAI BANK l3LOG.
STUART, FLORIDA 33~~
1'HI9 MORT(3AC3E DE~D. made aad e=ecuted the._l~k.=_ds~ oi_ L~L~.~ e~ LL~.... 79..Z1., ~
WILLIAM H. WATSON, as Trustee, t
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herelnatter calleci the 1liortgagor, w•hlch term shall include t2.e heirs, legal representntives, aucce9sors and as~i~u
ot the said I?iortgagor wherever the context so requires or admit~.
to A-'--- H ...._JACOBSON...~4?
...._..~_..M?~~n~.~.Q~~... ~s~x:FQx.a..tiQn~.._...---_._....._..___......
~ereinafter called the Mortgagee, which term shall incluSe Lhe heirs, legal repreaentativea, successors and assigns
o! the said 1?fortgsgee wherever the context so requirea or admita.
WIT'NESSE'1'fi: That for dlvero good and valuable consideratlon~, and also fa considenUon of the aggre-
gate aum named tn the promissory nota of even date herewiW hereinatter described. the satd Mortgagor doea
hereby grant, bargain, sell, alien, remise, relea~e, convey and confirm unto the aaid Mortgegee, hia heira, auccea~or~
snd aaa~gns, alt the certain pieca__., parcel_.. or tract._. of lsnd, o! which the aaid Mort~agor is now s~ited and
pos~eased and in actual possession. aituate in the County o2..._
S~..._.ku.C~.____.and State o1 Florid~. deacriDed
ILS tOIIOK'~:
The North Half of ~he ~outh Ha3~ ~f Government Lot 4, Section 2,
Township 37 South, Range 41 East; TOGETfIER with littoral rights
and riparian rights thereunto belonging, or in anywise appertaining.
SUBJECT to road rights-of-way for State Road A-1-A and zoning regula-
tions of public record.
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THIS IS A PURCHASE MONEY MORTGAGE.
PARTIAL RELEASE PROVISIONS: The Mortgagee will make, execute and
deliver to the Mortgagor, his heirs or assigns, partial releases
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of this mortgage beginning at either the North or South boundaries
of the mortgaged lands and extending from the Eastern to the Western j
boundaries thereof in parcels having a North-South width, as measured
along State Road A-1-A, of not less that 100 feet, upon payment of
the sum of Five Hundred Seventy-Five ($575.00) Dollars for each foot
~ so released. All payment of principal shall apply toward partial re-
! leases; provided, however, that any prepayments of principal in advance
~ ojt the date on which due shall be credited to the installments due on
the note secured by this mortgage in inverse order.
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TO FiAVE A2~'D TO HOLD the same, together with all and ~ingvlar the tenemenb, hereditsmenta and a~
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~ purtenances thereunto belanging or ln anywise aFPertaining and the nverslon and reversioas, remainder and
~ remainder~, rent~, ~ssues and profits thereof and al~o all the esta?e, tlgt?~ tltte, interes~ prnperty. poateasiot4
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claim and demand whatsoever aa weil in lsw aa in_eqwty of the said Hortgagor in and to the wna and every part
~ and ~arce: ihereof unto the eafd Mortgagee. and hia he1r~, auccessors and assigns, ln tee almple. `
~ And va~d 1liortgagor, for hlmself, and hia heus, legsi representatlvea, succeaeors and asslgns, herebp coven-
ant~ w~th said ~Sortgagee, his heir~, legal representati~•es, succeaaocs aad asaigns, that sald Mortgagor L inda
~ tras~biy se~zed of said land in fee aimple; thst the said )iortgagor has tull power and lawful tight to convey the
x aamP in f~e s:mpie aa atoresaid; ihat it shall be lautul tor said Mort~agee, his heiro, legal represesttatfves. suo- ~
c. ssc~r~ and ass,~n~. a[ all times peaceably and quieUy to enter upon, hol~ oceupy and en)oy ~nld tand and ever~
part thereot: that 9ud land i~ free from all incumbranres; that said Mortgagor, his heira, leg~l repreaeniatlve+~ i
~ucc~v~nr~ an~1 assi~,-r... ~ti-ill make ~vch turther assurances to perfect ths fee simple tlUe to u1d Lend in safd
~!o:tgsgee, hi~ heira, IeRal representatt~e~, auccessor~ and bsaigiu, aa msy re~onaD1Y De re9ulrcd: and that swld
: Mort~a~or doe~ herNby tully K~arrant the tlUe to ~aid l~r?d snd every part thereof and wtll detend the wne agafn.st
- t_.r :a•.c',~i ~:1:Z1V O~ a21 t~nr~~,ns xhu;n.~ue~•t~-
F~RUV![~F'T~ AL~t`AYS. That lt ~sld Mortgegor ~hnil pay unto She wld ldortgage~ the certala promli.wr~
: -~.,±r, ah:ch :`.A fo:;owing fn Kor~i and flgures L a true copy, to-wit:
r-~} BGOK 197 P~~ 357
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