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TtD9 MORTGAGE DP~D. made ond e~[ccuted the. ~.~da~ ot_. J..l1tLS~_~----._.,.~ 19.~`~..
by . Ransom_.R.._Tilton,_ Trustee
_P. O.__ Hox.,.1.17S., .Jensen_E3each_,...FL. .33~l5?_
.
here~ne(te~ calted the I?Iortgago~, vehich term shall :nrlude tt.e heirs, legal cepresentau~•es, succeysurs and assi~
of the sa~d 111urt~a~;ur where~•e~ the con:ext sa mqu~res or a,im~ts.
~o...,._..Patricia. J.. _ C~rry.x. Trustee._.__ _ .
c/o Eliot Janeway, l5 East 80th Street, Ny., NY 10021 -
~erninafte~ calted the 1?tortgxgee, hich term shall in.lu•le the he?rs, legai reQresentati~•e~, auccessor~ and1assfgtu
of Lhe safd ~tortgagee v?herever the coniext so requlres or adm?LS.
«'ITNESSE.'TH: 1'hat [or di~•cr~ good ond ~aluaD'.e consideraLons, and aLso in consideratlon of the aggre-
gate ~um named in the promissory note ot e~en date herew~th hereinalter deacrlbed, the eaid Mortgagor dces
hereb~• gran:, bargain, ~~ll. aL•~n, mm:se, rele~e, com•rv and canhrm unt~ the said aiortgagee, tti~ heir~, aaccessors
and assigns, alt the certa~n p:ece...., parcel..._ or trzct..._ ot land, ot v?hsch the said riorteagor b now ~eized and
pusvessed and in artua! possession, situate in tl:e County ot..._,~..T__~...~u~.~e.._...__..and State of F7orid~ deacriDtd
ns follo.a•s:
ALL OF BLOCK 2 AND LOTS 1 TO 8, INCLUSIVE and LOTS l2 TU 16, INCLUSIVE,
BLOCK 3, located in Section 30, Township 36 South,Range 41 East, ns shown on
the Plat of Map of St. Lucie Gardens, recorded in Plat Book 1, page 35, of the
Public Records of St. Lucie County, Florida; AND ALSO the West ~i of the North-
east'ih of Section 30, Township 36 South, Range 41 East, St. Lucie County,Florida.
(THIS IS A PURCHASE MONEY MORTGAGE. )
Lands encumbered by this mortgage shali be released by Mortgaqee to Mortgagor
in increments of not less than ten (10) acres upon the principal payment bv the
Mortgagor of $2, 500. GO per acre to the Mortgagee. The first parcel to be re-
leased shall be contiguous to Lots 9, 10 and 11, Block 3, located in Section 30,
Township 36 South, Range 41 East, as ~tiown on tne plat of map of St. Lucie
Ga:-dens, anci thereafter, parcels to be released shall be contiguous thereto, .
and shall proceed in an orderly pattern so that the land remaining subject to
the mortgage shall be rectangular in shape, contiguous and with access to any
roads which may be constructed and to the nearest public road. All payments
of principal shall apply toward partial releases and all prepayments of principal
't shall apply to the next annual installment of principal becoming due. Releases
` ~ may be requeste~3 at any time after they have been earned and need not be requested
~ at the time of payment therefor.
' RECENED I 3 PAYlAEtti OF TIUlE4
I . ~ ON ~.SS •C INilW6161E pER9p?ip( P'~p
PURS11AMi TO CWIpTER 71-1~, ACiS Of ~y/IER~Y,
~OCER PDITNAS ~ic
CkFRX ~IRqIIT COURT, yT ~IE 00 F /
u
TO HAVE AND TO HOLD the samq together K~~Lh all and singular the tenementa, hereditaments and ap-
~ purtenances thereunto belonging or in anyv~se appertaining and the reversion and reversion~, r_~mainder and
rema:n•iers, rents, issue~ and profits thereof and also all the eatate, rlght, tiGe, lnterest, property, poaaesafon~
claim and demnnd ~vha2soever eis well in law as m equity of the said I?tortgagor tn and to the same and every part
and Farcel therenf unto the said bfortgagee, and h~a hesrs, succesaor9 and assigns, ln fee simple.
~ And sa:d ~iortgagor, for himself, and his heus, legal rPpresentativee, ~ucceasora and as~Ign~, hereby coven-
c
D z ants w•ith said ~tortgagee, h?s heirs, legal representati.-cs, successot~ and assign~, that aaid Mortgagor is in~~
~ N feas~bi}~ seized of said lar.d in fee simole; that the said 1?iortgagor nas ful] power and lawful rfght to convey the
~ N~ same :n fec s~~p.e as uforesatd; ihat it shal! be la~•tul for ssid Mortgagee, hls heirs, legal representativea, suc-
v
D~~ cessors and av=,;-ns, a; nq times peaceably and quietly to enter upon, hold, occupy and enjoy ~fsid land and e~-er~
~r 0 part therenf; that said i;snd is iree from all incumbrances; that said Mortgagor, h1s hei?~, legal represenialives,
~
~ ~ ~ T succ~~..ors an~i flss:~,-nv, .vil1 make such further ussurances to perfect the fee simple tiUe to ~ald land in said
~ A!<-: tg~~~;ce, h:s heirs. I~ ~,:U re, resentatiees, successors and assigns, s~ may reasonably be requ~red; wnd that said
~ G~ m ~tr,rt~l~nr dn,•s he~-+•hv t;tlly ~:•zrrant the Utle tu 9sid iAnd and every part U?ereot and a111 defend the same ageir~st
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W ~ t..~• :~~:rf•~2 ~'1:-:~s n• ::'.t ~~~rsnnv ~ehor.~~„c~•er.
q PP.O ~ ii At.~ti AYS, i'hat ft safd 1?tortgngor shall pay unto the said Mo:tgagee the certala promiasor~
~ -
C N a•-.*_t, wh:c!t fa3lowing 1n word~ and !lgu:e~ L~ a true coP3, to-wit:
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