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rpATOAOt OE[O f RAMGO IORM Rt~
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E~xecuted ~hp 1 A~ day ol AuguBt A. D. 19 ?4 by
( JACK W. NEEDY, as Trust~e and THOMAS N. EDWARDS, 5R., as Truste~
! hprni~~a(ler callecl Ihe mo?Igagor, to
INDIAI~T RIYER GROVES, INC. , a Floriaa Corporation
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I~ereinaJte~ ca!!ed the rreorlgagee:
iNbcre~er uxd Yenia tGe eerma °oor~a~ aa~ ••owisasei' iaclude all iAe Partia to t6is uatr~eoe~t a~d t4e 6tin.
letsl nprexnatives ~nd asv~us of isdiv~duab, aed tbe wccessun aad a~sn o1 capora~io~+: a~d ~it tere "v~te••
~aclude+ dl tbe a.•~es htreia destrietd ii mute thsw we.)
~ ~~tn~~~ thal Jor good and i~alua6le c~onsideroiions, and also_ in considemlion o/ the apg.e-
~ gale sum namec~ in i~e p?umissory note o~ even date ~~erewilh, hereina~ter cresc~ecr, i~?e morlgagor here-
' 6y grants, baryains, sells, aliens, remises, conveys nnd con/irrns unto tbe morigagee all i6e certain land
of u~h«h the mortgac~or is now seiz~ anc~ in possrssion silunte in St. Lueie County.
j f'~oricra. viz:
~ See Legal Description, Exhibit "A".
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~I T~e Mortgagor has execu#ed this Mortgage in a fiducxary
caPacity and in no other capacity whatever, and the Mt be sou ht
~ acceptance hereof, agreea that no deficiency judgm g
f or obtained by Mortgagee against Mortgagor.
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'i All regular installment payments and all prepayments
to principal paid on said mortgage shall apply toward releases, purauant
" to the terms as set forth in Exhibit "B".
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The Mortgage shall provide that at request of Mortgagor,
the Holder shall join in the grant and/or dedication of such utility
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j easements, roads, streets, ~nd plats as required by Purchas~Pr or
I i! the development of the property.
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1': If defauZt is made in the pavment of any installment
of principal or interest when due, then at the option of the Aolder,
and without any other notice, all the remaining installments sh~ll
be due and payable at once; and payment of cost of collection, in-
~i cZuding a reasonable attorney's fee in the event of any default here-
i; under, shall be obligation of Mortgagor i.n default.
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There is now existing and unpaid a mortgage covering the
, subject property recorded in OK Book 63, Page 250, St. Lucie County
: Records, which mortgage the Mortgagee herein agrees to continue to pay.
~ ~n the event that Mortgagee fails to pay payments when due om said mort-
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~ gage, the Mortgagor herein, or any other owner to property may pay said
installmenta on said mortgage and deduct it from payments due the holder
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• of the within mortgage.
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~ ~ ~ ~ ! ~ I `~L~ IN PAYIREIR
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~ : RECEIY~ 'C' INTANGIBLE PfR90~ ~
i . Q~ ~ ti pUE ON Cl!?~ /
~ TER 11-134. l~jS ~ l9/1. ~ y
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. ~/l:'-~'.~~r r Retu~n to~ ~ ~
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~ Mr. Neil Pouppirt ~l ~
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Indian River Groves, Ini:.
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f` r, V, 3101 Broadway .
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~e`o K,ansas City, 1lriissouri 64111
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