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~ ~ ~ MORTGAGE DEED
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Q~ EXECUTED this ~d~~ day of February, 1972, by
t-~ ~ s" EARNEST R. DUNN, hereinafter called the "MORTGAGOR" , which
(l~oliiiiiutiio~ term shall include his successors and assigns, to W. A. GREGORY,
and WALTER A. DUN, JR., hereinafter jointly and severly referred
d~~~~ittuni~~ii to as "MORTGAGEES" of Orange County; Florida, which term shall
o include the heirs, legal representatives and assigns of the
-.,i ~ Mortgagees. ~
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~ W I T N E S S E T H:
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.e THAT, the Mortgagor has received a loan from the Mortgagees
and is justly indebted to the Mortgagees, which indebtedness is
-L1%'1'N hereby acknowledged and is evidenced by two Promissory Notes of
Q? ~ even date herewith, each in the amount of SE~NTY FIVE THOUSAND
DOLLARS ($75,000), together with interest as stated therein, '
r~~ 4m said notes being in standard form and providing for certain pay- ;
,l~~~li;ii~uil~sa ments, including a provision for prepayment, acceleration of 1
principal in the event of default, together wi.th a clause pro- ~
~x;;?~iuittuut viding for the payment by the Mortgagor of attorneys fees, ex-
~1~' ~ penses and cost of collection. Z'he provisions of such notes,
~aI ~ to which reference is herein made, are by reference made a part
r.,_ N of this instrument as though the same were fully set forth herein. ~
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'~J'~~~ ~ NOW THIS MORTGAGE WITNESSETH, that for good and valuable ~
1"~ consideration, and also in consideration of the aggregates named s
~ in said Promissory Notes, the Mortgagor hereby grants, bargains, '
'L'=iiN Y« sells, aliens, remises, conveys and confirms unto the Mortgagees !
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o that certain land of which the Mortgagors now siezed and in pos- '
~ ~ x session situate in St. Lucie County, Florida, to wit:
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The South one-half of the Northwest one quarter t
:~1~1t14~ of Section 18, Township 36 South, Range 39 East 4
~~S TO HAV~ AND TO HOLD, the same, together with the tenamen~s, ~
; hereditaments and appurtenances thereto belonging, and the rents, ~
k issues and profits thereof, under the Mortgagees, in fee simple. ~
~ AND the Mortgagor covenants with the Mortgagees that the ~
s Mortgagor is indefeasibly seized of said land in fee simple; .
; that the Mortgagor has the right and lawFul authority to convey ;
~ said land as aforesaid; that the Mortgagor will make such further ~
~ assurances to perfect the fee simple title to said land in the }
' Mortgagee as may reasonably be required; that 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. ~
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~ PROVIDED ALWAYS and this mortgage is on the expressed con- 3
~ dition, that if the Mortgagor shall well and truly pay unto the ;
r Mortgagees the sums of money mentioned in said Promissory Notes ~
~ referred to herein and secured hereby and any renewals or ex- ~
tensions thereof, any further advances and other indebtedness a
referred to herein, in whatever form, and the interest thereon ;
= as it shall become due, according to the true intent and meaning ~
thereof, together with all costs, charges and expenses, including ;
- a reasonable attorneys fee, which the Mortgagees may incur or be
put ta in collecting the same by foreclosure or otherwise, or in
- protecting the security of the Mortgagees, whether by suit or
- otherwise and shall well and truly keep, observe, perform, comply
- with and abide by each and every one of the stipulations, agree- ;
ti ~ ments, conditions and covenants of the said Promissory Notes and
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