HomeMy WebLinkAbout1198 LOIN IOIIY n...+vv .v...+ ..s
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~°~°d ~he 3rd _ aar ~f November A. D. t9 75 6y
: LORIN H. GARRFTT. JR.
herei?~a(ter called the n~wt9agor, to FIRST NATIONAL BANK OF FORT PIERCE, 8 CorpOrB-
tion existing under the lawe of the State of Florida, and havinge
ite principal place of business at 300 S. 6th Street, Fort Pierce,
~ Florida 33450
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fer cn«ec, t~e mortgagee:
~ IWtierever wrd 6ertiu tAe arar '•~ort~or a~d °sortRatee" i~clude aM tre Mrtia eo tl~is irtr~est s~d t~e ~
% 1e~+) reyraewutives a~d ~ d iidiriduab~aad tle wtcteaas a~d ai~~s d eoryontiw: ud 1b leA •~~o~e•
iacludea all t6e wta bersiw de+cribed i( ~a~ ewe.i
~l~lne~~~ t1~at jor good and ~luobl~ ro?~,tde~eto?~, and a~so in eonsiderafion o~ t~~ aggro-
- gnfe sum narr~ec~ in Ihe promissory note o~ euen dnfe 1~erewith, 1~aretna(ler c~esett~. fhe mortgagor ~ero-
= by g~nnls, bargains, se~~, a~tena, remises, rnnveya and oonftrn~s unto fhe niort8agse n~~ !he cerfatn ~and
t
~ o~ w/tich the mortgagor ts now aeized and in poasession sifuate tn $t. j,u~. e ~ L'ountp.
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' PARCEL ONE : us~ orKr • ~
_ From the South 1/4 comer of Section 28, Township 34 South,
Range 40 East, run North along ~ liae 363 feet; thence run
North 88°20' Bast to the East right of way line of State
~ Road #5 (U.S. Highway 1) for point of beginning; thence rvai
on same course to a point 200 feet~distant from the West
right of way line of State Road #140 (Old Dixie Highwaq) as
measured along said course; thence Southeasterlq, parallel
- with said Weat right of wa line to North line of State
~ Road S-608 (St. Lucie Road~; thence West along said North
~ line to East right of way line of State Road #5; thence
° Northerlq along East ri~h t of way line to point of beginning,
the same being a part of the SW~ of SE~ of said Section 28,
~ Township 34 South, Range 40 East.
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- PARCEL TWO:
Begin at the S~ corner of Section 28, Township 34 South,
- Range 40 East, run thence North along the section line ,
~ 363.9 feet to a point; run East 120.4 feet for point of ~
_ , beginning, from point of beginning, run Northwesterlq along
- the East right of way li~e of State Road No. 4, 126.9 feet;
thence North 80°41~ East 539.3 feet; thence South 208.3
feet; thence West 484.0 feet to point of beginning, contain-
_ ing 2 acres, more or less.
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THIS IS A B~ALT~0~1, FIRST MORTGAGE.
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This mortgage also secures the payment of any future advances
' on loans that may be made by the mortgagee to the mortgagor
at any time within ten years hereafter even though no
indebtedness is outstanding hereunder, provided the magimum
I rincipal amoimt of monies so secured shall not exceed
~$125,000.00 at any one time, and providing further that such
~ advances or loans shall be evidenced by separate written
instruments to invoke the terms hereof.
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~1YEA ~!'~•l PRO'ER~1.
p!~ ON qJ~ 'C qR1 D~~iS OF ~5, i.
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