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2a3.5~4 ~ This instrument was prepared by
69ichael Jeffries, 124•A No. 2nd St.
Fort Pierce, f la.
l
WARRANTY DEED TO TRUSTEE UNDER ~
LAND TRUST AGREEMENT • ~
THIS INDENTURE WITNESSETH, That the Grantors, W. G. PADRICK~,
JR. and--ELOUISE S. PADRICK, his wife, of the County of St. Lucie
,
and State of Florida for and in consideration of the sum of Ten
Dollars and other good and vaZuable considerations in hand paid,
receipt of which is acknowledged, grants, conveys and warrants
unto FIRST NATIONAL BANK OF FORT PIERCE, a banking corporation
organized under the laws of the United States and duly autho-
rized to accept and execute trusts within the State of Florida,
Grantee, as Trustee under the provisions of a certain Trust
Agreement, dated the 4th day of August, 1972, the followi~g
described real estate in the County of St. Lucie and State
of Florida:
The West 1/4 of Section 5, in Township 35 South,
Range 39 East, excepting therefrom rights of way
for drainage canals and public roads.
, _
SUBJECT to a mortgage to The Federal Land Bank of
Columbia, dated November 22, 2971, filed November 24,
1971, in O. R. Book 197, page 1229, public records
of St. Lucie County, Florida, in the original sum
of $55,000.00, which grantee herein expressly assumes
and agrees to pay.
TO HAVE AND TO HOLD the above-described real estate in
fee simple with the appurtenances upon tr.e trust and for the -
purposes set forth in this Deed and in the Trust Aqreement. x
Full power and authority is granted by this Deed to
Trustee or its successors to protect, conserve, sell, lease, '
encumber or otherwise to manage and dispose of the real estate ~
G
or any part~ of it . ti
9~'
In no case shall any party dealing with the Trustee in -
relation to the real estate or to whom the real estate or any
part of it shall be conveyed, contracted to be sold, leased or
mortgaged by Trustee, be obliged to see to the application of
any purchase money, rent or money borrowed or advanced on the
premises, or be obliged to see that the terms of this trust
have been complied with, or be obliged to inquire into the
aoox ~U5 398
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