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01~MI q11CIMT f~01+R(. tT. LIICIE ~ i1A 1
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; T H I S H a R T G A G E D E E D ~
'l Executed the 19th day of January A.D. 1976 by
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~j SALAH A. GOUDA AND DIANNE GOUDA, his wife +
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:E hereinafter called the mortgagor, to j
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i~~,1ARREN BANK, A Michigan Baaking Corporation, t
i' hereinafter called the mortgagee: . ~
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*See footnote no.l below
WITNESSETN, that for good and valuable considerations, and also in con- ~
sideration of the aggregate sum named in the promissory note o~ even da:.e here-I
with, hereinafter described, the mortgagor hereby grants, bargains, sells,~a- ~
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liens, remises, conveys and confirms unto the mortgagee all that certain land i
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of which the mortgagor is now seized and in possession situate in St. Lucie j
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County, Florida, via: l1SE att~li s- - ~ . ~
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The SE 1/4 of Section 6, Towaship 36 South, ;
Range 39 East, situate and being in St. Lucie ~
County, Florida. ~
~ LESS AND EXCEPTING THEREFROM, all rights of - ~
way for public roads and drainage canals. '
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TO HAVE AND TO HOLD the same, together with the tenements, hereditaments~
; and appurtenances thereto,belonging, and the rents, issues and profits thereof,!
unto the mortgagee, in fee simple. ~
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- AND the mortgagor covenants with the a~ortgagee that the mortgagor is in-~
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defeasibly seized of said land in fee simple; that the mortgagor has good right'
~ and lawful authority t~•convey said land as aforesaid; that the mortgagor will 4
~ ~°1: make such further~assurances to perfect the fee simple title to said land in ~
~ the mortgagee as may reasonably be required; that the mortgagor hereby fully ~
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~ ~ warrants the title to said land and will defend the same against the Iawful ;
~ ' claims of a1L persons whomsoever; and that said land is free and clear of all
~ encumbranc~s. This mortgage is ternary and subordinate to a certain first mort+
gage held by Northwestern Mutual Life Insurance Company in the amount of i
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$220,Q00.00 and a second mortgage-held by Inland Fruit Company in the amount of`
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~ ,$300,000.00 and mortgagor warrants herein that all payments and obligations ;
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thereunder have been met and that the mortgages are not in default. Any de- !
y fault in the terms and conditions of said first and second mortgages shall con-;
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~ ; stitute a default herein and the mortgagee shall have the option of curing the '
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~ ~default uBder the terms of the first and second mortgages and adding any sum soi
~ paid to the amount due on this mortgage. All sums so advanced shall be secured~
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~ by this uartgage, psoviding further that in the event of foreclosure of this ;
~ ` mortgage, the mortgagee shall be entitled at any time to include any aanies ad-'
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~ 'i*No. 1({dherever used herein the terms " mortgagor" and "~ortgagee" include ~
~ all the parties to this instrument and the heirs, legal representatives~
~ and assigns of individuals and the successors and assigns of corporatioti;
and the term "note" includes all the notes herein described if moie ;
~ than one.) ~
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