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C011~ORATION ~ ~ ~
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THIS MORTGAGE INDEi.~'TURE, exccuted this lOth diy of October , A. D., 19 73 , by
PRBCISION NATIONAL HOMES, INC.,
a Corporation duly organized and existing under the la~vs of the State of Ftorida, hcreinafter called thc ~Iortgagor, ~vhich
term u used in every i~utance shall include the ~lortgagor's heirs, ~xec??tors, administrators, succ~ssars, legal reprcsenta-
tives and assigns, either voluatary by act of the parties or invotuntar~• bp operation of la~v and ~hall denote the singular and/or
plural, and the masculine and/or feminine and natural and/or artificial persons, a•henerer and a~herever the cont~xt so re-
quires or admits, parti~s of the 6rst part, and p~ ~RI~ g~ pg a corporation under the
bantcing laws of the State of F2orida,
hereinafter called the Jlort~aRee, partr• of the second part,
~VITNESSETH, That for divers good and valuable considerations, and to secure the paym~nt.of the aggregate aum of
money named in the promissory note of even date herewith, hereinafter mentioned~ togtther v~~th interest thereon and all other
sunu of money secured hereby as hereinafter pmvided, the Mortgagor does grant, bargain, sell, alien, remise, release, convey
and confirm unto the 141ortgagee, in fee simple, the foltowing describtd nal tstate, of which the ~~ortgagor is now seiud and
possessed, and in actual possession, situat~ in the Counry of__..__...St.__ Lueie_..__.~ Statt of Florida, I~gally described u follows:
Lot 7, Block 103; and Lot 35, Block 119; PORT ST. LUCIE
SEGTION 27, according to the Plat thereof, as recorded
in Plat Book 14, Page 5, of the Public Records of St. Lucie
County, Florida.
~ ~ M rIIYM[KT OF tA~S
O~iE Otl Clu3 'C INTN161{tE PER50t1~1 ~1l~l~7Y.
Pt:K1fAN1 TO AlI1rTEl~ 71-131. AGZS Of 19] j~~/~
~?~7'~ IIO~fJt ~OlTRAS
~ CIM~JtT OOtlR1. S~. tUC1E 00. Fl/l
TOGETNER with all furniture, furnishings and fixtures and any replacements thereof which are now or may hereafter
be located and situate on the above described property, and all structures and improvements now and hereafrer on said land and
the fixtures attached thereto, also together with all and singular the tenrnxn~, hereditaments, easem~nts and appurtenances
, thereunto belonging, or in any wise appettaining, and the rents, issues, and profits thereof, and also all the estate, right, title,
, interest and all claims and demands whatsoever, as well in law as in cquity, of said :~~ortgagor in and to the same, and every
part and parcel thereof, and also all gas and electrie 5xtuns~ radiators, heaters, air conditioning equipment, machinery, boiien,
ranges, elevators and motors, bath tubs, sinks, water closets, water basins, pipes, faucets, and other plumbing and heating fix-
tures, mantels, refrigerating plants and ia boxea, window screer~s, screen doors, venetian bIinds, storm shutters and awnings,
~ which are now or may hereafter pertain to or be used with, in or on said premises, evtn though they b~ detuhed or detachable,
are and shall be damed to be fixtures and accessions to the frechold and a part of the rea[ty.
; TO HAVE A:VD TO HOLD the above described property unto the Mortgagtc, its successors and assigns forever.
i `The llortgagor hereby covenants with tht Mortgagee that the Mortgagor is indefeuibly seized with the absolutc znd fee
simple title to said property, and hu full power and lawful suthority to sell~ convey, transfer and mortgage the ume; thzt it
shall be law•ful at any time hereafter for the 11~ortgagee m Deaceably and quiedy enter upon, have, hold, and enjoy uid prop-
ert~•, a~id every- part thrreof ; that said property is free and dischuged from all liero, encumbrances, and claims of any kind,
including taxes and assessmcnts; and that the Mortgagvr herebq fully warrants unto the blortgagee the titl~ to said property
and «•ill defend thc same against the lawful daims snd dermands of all persons whonuoever.
~ \0~1~, THEREFORE, the condition of this tnortgage is such that if the Mortgagor shall well and truly pay unto the
~ Alortgag~e, th~ indebtedness evidenced by that certain ptomissory note, of even date herewith, made by the :Vlort ago r and
' AND N~/100
: pa~~abt~ to the 1lortgagc~, in the p~incipal sum of FORTY-FIVE THOUSAAID SEVEN HUNDRED FORTY-SI}~jOLLARS
~
45,746.00 together w•ith interest as therein stated, and shall perform, comply with and abide by each and
~~~erc thr >tipulations, agrerments, conditions and eovrnants coatained and set forth in this mongage and in the promissory nott
x~urcd h~rcb~~, then this mortgage and the atate hereby created shall cease and be null and void.
s
; A\ U the ~Iortgagor docs hcrcby covenant and agrte: •
1. To perform, comply with and abide by each aad t~ery t~e stipulation~, sgreement~, cooditioos and eovenana eontaioed aod sa
~ forth in said promissory note and this mortgagc tpp~. ~;~trt;^S^~' ~r^;.~-Cd ~Y:
3 J. [3Eii,-v:tf'~ - : ~t',,-reY
~ ~ 150 E. 3-d r',y~ .e. ..,.:rrn, 'ri3. 33:31 ~ R 219 •':Sl;t ~~~+7
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