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~Cno~ ~li ~len ~p ~fje~e ~regentg, `
gbet, xASpI,j, ~ovES, zN~., a Flor~da corporat~on, 242553 ~
of County. State of Florida. hereinaher called the mortgagor~ which
term shall be construed to include the heirs. executon. adminisuacors~ successon and assigns of the matgaga
as the oontext may require. do hereby grant. barga:n, sell and convey to Id~n Hancock Mutual Life Insur-
ance Company, a cotporation organized and existing under the laws of The Commonwealth of Massachusecu.
having iu Home Office in Boston~ Suffolk County. Massachusetu, hereinafter called the matgagee, which
term shall be consuued to include the successon and auigns of the mortgagee as the ooatext may require.
the following described real estate with all buildings and imptovertienes now ot hereafter erected thereon.
sicuated in 5t. LuCie County, State of Florida~ co wit;
All of the SF~ of Section 26, Township 34 south, Range 39 East, St. Lucie
County, Florida, LES.S AND F~CTPT therefrom the folloWing:
(a) A strip off the North side of the NE~ of SE~ described as: Beginning at
; O the NFT corner thereof rvn thence East to the NE corner thereof; thence
0 South a distance of 49.15 feet; thence Westerly to a point on the Ftxst :
so ~ line Q6 feet South of Point of beg ni nv; thence ruu North to P.O. B; and t
a
0~ (b) Beginning at the SW corner of the E~ of E~ of SW~ of SE~, ruu thence North
along the West line thereof to a point 30 feet South of the South ~ line; `
u.t'' - ~ thence run West psrallel ~+ith said South-~ section line to a point on the }
~ 'i~ West line of said SE~; thence South along said West line to the South line ~
0~~~ of Section 26; and thence East to P.O.B.; and ;
a ~w ;
~w ( c) The NW~ of SE~; and ~
Q~i~ IIII
~ (d) Rights-of-~?ay dedicated or in use for car~als and roads.
~~W ~escr~ibed
propert~~
I1~o?~~rn~ull
f~ 4 (The mortgagee agrees to release 10 acres in the Southeast corner/upon
y r e
q
ues t and u pon recei pt of $12, 500. 00 on account of principal in addition
``knU~t~~E to the regularly scheduled payments provided the loan is arrent as to '
interest, principal and taxes. This privilege must be exercised by October ;
1, 1975. ) - ~
RECEIVED C-- ~N PA~lIEMi Of tA~S ~
; D'JE ON CIASS 'C' INIANGIBLE PE+:S0~1A1 PRO?ERtY. ~
I ppg~pNT i0 CHIIPIER 71-134. ACTS OF 1911.~! t,~ t
ROGEN POtTRAS ~
q.Ep~( CIRGIiT COURT. Si. WCIE 0~, FU~ ;
F together with all and singulaz the easements. tenemenu~ hereditaments, appurtenances and other rights and
~ privileges thereunto belonging or in any wise now or hereafter appertaining. and the renu. iswes and profiu
~ _ thereof; and together with all apparacus and fixtures now or hereafter erected or placed upon said real estate
or used in connection therewith, whether or not the same have or would become part of said real estate by
~ attachment thereto, all of which shall be considered as annexed to and forming a part of the freehold hereby
~ ~ mortgaged; all of the foregoing is hereinafter refened to as the premises.
- TO HAVE AND TO HOLD the above gtanted premises to and to the use of the mortgagee, its successors
~ ; ' and assigns. forever.
~ THE MORTGAGOR HEREBY COVENANTS with the mottgagee that the matgagor is indefeasibly seized
~ of the premises in fee simple and has full power and lawful right to seli and convey the same. that said premises :
~ _ are free and clear of ali liens and encumbrances except as herein otherwise recited. and that the mortgaga !
will make and execute such further assurances to perfect the fee simple tide to the premises in said mortgagee
~ ~ as may reasonably be requued; and the mortgaga hereby fully warrants the title to said premiaes and covenants T
~ to defend the same against the lar+ful claims and demands of all persons.
~ .
:a
~ AND THE MORTGAGOR I-IEREBY COVENANTS AND AGREES:
~
~
~ 1. That this morcgage is given to secure the performance and obaervance of the terms, covenants and
: agreemenu herein contained and the payment of an indebtedness in the principal sum of Orie Hundred ThoUSSnd
~ pjp ],pp _ _ _ _ _ _ _ _ _DoUars (a100~000.00 ) with interest thereon according to the
~ terms of ~ certain promissory note of even date herewith. executed and delivered by the mortgagor, payable
to the order of said John Hancock Mutual Life Insurance Company at iu Home Office in Boscon. Maasachusetts.
~ a at such other place as the matgagee may from time to rime designate, with principal and interest to be
~ paid as specified in said note, finalpa yment of said principal and interest. if not sooner r:iade. to be due and
payable on the first day of AUgU3t , 19 9z and with interest at 10 per centum per annum while any
~ default exists in making payment as aforesaid or in the performance or observance of any of the terms, cove-
nanu or agreemenu oontained herein or in said note or in any insaument now or hereafter evidencing a
securing said indebtednestc and that, while any such default exisu. the holder of said note may apply paymenu
received on any amounts due under said note or to fulfill any of the terms, covenanu or agreemenu ooatained
~ herein or in any instrument now or hereafter securing said indeb(ec~e~~d h~~~etumine.
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