Loading...
HomeMy WebLinkAbout2656 ;~s~2~i ~ryEp D. D ~ ~N PA~MEM pi TAXQ ~ D!E ON CUISS ~C' INTAI~If'ildlF PE".50~~111. P~Y. PURCHASE MONEY MORTGAGE ~T To au"`FR »-1~, "~s ~ ~y~~, ~ ~ ~t roirru~ ; ai~wc Wwau~ oouRT, sr. wciE oo~ Fu, ~ ; THIS MORTGAGE DEED, executed the 18th day of September, A.D. 1973, by ~ WALTER A. DUN, JR. AND BARBARA A. DUN, his wife, hereincfter called the Mortgagon, to W. A. GREGORY as to an undivided ONE-HALF inte~est and MANILA A. GREGORY cs } to an undivided ONE-HALF interest, hereinaftar cal led the Mortgogees, and wherever used ~ herein the terms "mortgagors" and "mortgcgees" shall include all the parties to this instniment ~ and the heirs, legal-representatives and assigns of the ir?dividuals, and the--tsrm "rwte° includes all the notes herein described: WITNESSETH, that fo~ good and valuable consider+ations, and also in considerotion of the aggregate wms named in the promissory notes of even date herewith, hereinafter described, the mortgagors herein gront, bargain, selt, alien, remise, convey and co~fiRn unto the mortgagees, ali the certain land of which the mortgagors are now seized and in possession siivate in St. Lucie Counfy, Florida, viz: Lots 4, 5, 6, 7 and 8(LESS West 70 ft. of Lot 8), MARTIN'S SUBDIVISION of the N 1/2 of NW 1/4 of Section l, Township 35 South, Range 39 East, according to plat thereof, recorded in Piat ~ Book 4, page 4l~, public reconds of St. Lucie County, Florida, LESS AND EXCEPTING tfierefrom all righh of ~ivay fw droinage canals, public roads and public utilities. This mortgage to include all pumps, power units and all other improvements located on said real property. TO HAVE AND TO HOLD the same, together with the tenaments, hereditnments and appurtenances thereto belonging, and the rents, issues and profits thereof, unto the mortgagees, in fee simple. AND the mortgagors covenant with tfie mortgagees that the mortgagors are indefeasibiy seized of scid land in fee simple; that the mortgagors have good right and lawful authority to convey said land as aforesaid; thct the mortgagots will make such further aswrances to perfect the fee simple title to said land in the mortgogees as may reasonably be required; that the mortgagors hereby fully warcant the title ro said land and will defend the same against lawful claims of all persons whomsoever, and that said land is free and clear of all encumbrances, PROVIDED ALWAYS, that if said mortgc~gors shall pay unto said mortgagees the certain i promissory notes hereinafter wbstantially copiedor identified as Exhibit "A" ottached he~eto, i and shalt perfoRn, comply with and abide by each ond every the agreements, stipulations, ~ conditions and covenants thereof, and of this mortgage, then this mortgage and the estate ; F hereby creoted, shall cease, determine and be null and void. ~ ~ t, . ~ AND THE MORTGAGORS hereby further covenant and agree as follows: : ' I r tn e ssessments levies liabilities ~ obligations, and encumbronces of every nature of said property. ~ 2. That they will pertnit, commit, or wffer no waste, impaiRnent or deterior~ation of ~ ~ , . ~ ~ said land or the improvemenh thereon at any time. ~ ~ a 3. That in the event the premises hereby mortgcyged, or any part thereof, shall be ~ condemned and taken for public use under the power of eminent domain, t he mortgagees s ha l l have the right to demand that all damages awarded for the taking of or damages to said premises - shall be paid to the~mortgagees, up to the amount then unpaid on this mortgage and the ~ obligotions secured hereby and shall be applied upon the principal balance in equal emounts on ~ each note covered by this mortgage, and any such payment sha11 constitute a partial or complete ' ~ prepayment, as the same may be, but any prepoyment under the conditions contained in this ~ paregraph shall not be wbject to any penalty for prepayment. ~ ~ Page 1 ~ ~ ~ ,o,-r~ ~F Fl_C~ R 1 [D A ~ ~ 00 UMENTARY,~"~STl~MP TAX. ~ ~ ~ ' OEPi. Of REYfNUE ~ • ' ' ~ ~ = _ ;.1 36~. ~0 Q Si~2~-13 ~ 0 R L~V ~ ~1 ^ = ~~~t,z ~ BOOK P,1L1 ~ - ~ . . .ti ~ ~ _ : _ ~ ~ z ~ . ~ . .