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~~i~+~ ~~µ,~t•~ ~ MORTGAGE DEED :
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EXECUTED this day of February , 1973, by EARNEST ~
R. DUNN, hereinafter called the "MORTGAGOR", whic?i term shall ,
include his successors and assigns, to WALTFR DUN and W. A. 3
GREC~ORY, hereinafter jointly and severally referred to as ~
"MORTGAGEES", of Orange County, Florida, c:hich term shall
~ include the heirs, legal representatives and assigns of the i
Mortgagees. ~
;
WITNESSETH•
THAT, the Nbrtgagor Yias received a loan from the
Mortgagees and is justly indebted to the P~rtyagees, which
indebtedness is hereby acknowledged~and is evidenced by two
Promissory Notes dated February 28, 1972, totaling the amount !
of ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00),
together with interest as stated therein, said nates being in
standard form and providing for certain payment~, including a
provision for prepayment, acceleration of principal in the event
of default, together with a clause providing for the payment by ~
the Mortgagor of attorney's feeg, expenses and costs af collect- ~
ion. The provisions of such notes, to which reference is herein_
made, are by reference made a part of this instrument as th~ugh
the same were fully set forth herein.
;
NOW THIS MORTGAGE WITNESSETH, that for good and valuable
consideration, and also in consideration of the aggregat~ sum ;
named in said Promissory Notes, the Mortgagor hereby grants, ~
= bargains, selYs, aliens, remises, conveys and coniirms unto the :
. Mortgagees thai: certain land of which ttie Mortgagor is now seized '
an3 in possession, situate in St. Lucie County, Florida, to wit:
- The N
Z of the SW 4 of Section 15, Zbwnship
I 35 South, Range 38 East, less that part lying
' within 40 feet of bare line of survey as shcwn
, -
~ on Right of Way Map of Sneed Road.
Y
. This mortgage to include all pumps, power units and all
- other i.mprovements located on said real property.
TO HAVE AND TO HOLD the same, together wi~h the tenament3,
{ hereditaments and appurtenances thereto belonging, and the rents,
issues and profits thereof, unto the Mortgagees, in fee simple.
{ AND the Nbrtgagor covenants with the Mortgagees that the
M~ortgagor 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 Nbrtgagor will make such further
assurances to perfect the fee simple title to said land in the
Mortgage as may reasonably be required; that the Irbrtgagor here-
by fully warrants the title to said land and wil.l 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 thereafter.
~ PROVIDED ALWAYS and this mortgage is on the expressed
~ condition, that if the Mortgagor shal.l well and truly pay unto
~ the A'~rtgagees the sums of money mentioned in said Promissury
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- - ,oox 211 PAGE 9i5
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