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225428
MORTGAGE DEED
E?~CUTED thi s_Q~~ day of -~?,G . 197 2, by
EARNEST R. DUNN, hereinafter called the MORTGAGOR", which term
shall include his successors and assigns, to GREG-DUN GROVES, INC.,
a Florida Corporation, hereinafter referred to as "MORTGAGEE" of
Orange County, Florida, which term shall include the heirs, legal
representatives and assigns of tYie Mortgagee.
~
,
W I T N E S S E T H:
THAT, the Mortgagor has received a loan from the Mortgagee
and is justly indebted to the Mortgagee, which indebtedness is
hereby acknowledged and is evidenced by three Promissory Notes of
even date herewith, totaling the amount of THIRTY FIVE THOUSAND
DOLLARS ($35,000.00), together with interest as statedtherein,
said notes being in standard form and providing for certain pay-
ments, including a provision for prepayment, acceleration of
principal in the event of default, together with a clause pro- '
~
ving for the payment by the Mortgagor of attorneys fees, expenses t
and cost of collection. The provisions of such notes, to which ~
reference is herein made, are by reference made a part of this ~
instrument as though the same were fully set forth herein. ~
NOW THIS MORTGAGE WITNESSETH, that for good ar~d valuable con- ~
Qx~ i?ji~tun~~~ sideration, and also in consideration of the aggregate sum named in
~ said Promissory Notes, the Mortgagor hereby grants, bargains, sells, ~
aliens, remi.ses, conveys and confirms unto the Mortgagee that ~
~Y"F; N
certain land of whicll the Mortgagor is now siezed and in possession ~
situate in St. Luci County, Florida, to wit: ~
lr~~;: ~ ~ ~
~ •I PARCEL I The East one-half of the No~thwest one-quarter ;
(I of the Southeast one-quarter of Section 8, ~
~ il F ~ownship 36 South, Range 39 East, less rights #
i~ . of way for public roads. ~ ~
~ a..
Cn°iint~uiuaa PARCEL II T
he Sout h one- ha l f o f t he Nor t hwes t one-quar ter
of Section 18, ~ownship 36 South, Range 39 East
I Al~nQ~ less rights of way for public roads. ~
! ~~~~~~ZS This mortgage to include all pumps,power units and all other
~ improvements located on said real property.
s
F • TO HAVE AND TO HOLD, the same, together with the tenaments,
~ hereditaments and appurtenances thereto belonging, and the rents, j
; issues and profits thereof, under the Mortgagee, in fee simple. '
~
3 AND the Mortgagor covenants with the Mortgagee that the
~ Mortgagor is indefeasibly seized of said land in ~ee simple; that
~ the Mortgagor has the right and lawful authority to convey said
land as aforesaid; that the Mortgagor will make such further as-
~ surances to perfect the f~e simple title to said land in the :
~ Mortgage as may reasonably be required; t2iat the Mortgagor here- ~
~ by fully warrants the title to said land and will defend the same
against the lawful claims of all persons whomsoever; and that said
~ land is free and clear of all encumbrances except lien of taxes ,
~ for 1972 and, as to Parcel II, except mortgage securing sum of '
~ $150,000 original principal debt, made in favor of W. A. GREGORY ~
~ and WALTER A. DUN, JR.. P
>1 s
3 PROVIDED ALWAYS and this mortgage is on the expressed con- ~
~ dition, that if the Mortgagor shall well and truly pay unto the ~
- M~ortgagee the sums of money mentioned in said Promissory Notes ~
' referred to herein and se~ured hereby and any renewals or exten- '
~ sions thereof, any further advances and other indebtedness re- :
= ferred to herein, in whatever form, and the interest thereon as ~
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