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RECE111E0 =~.Z~D, / IM ~ATMENT OF TAXEi
GUe ON CtASS •C' INiAN6 ~lE PERSON11l ~~OPEq~~ t~J~ ~
1URSUANI TO lNA?IER 11-13~. ACii Oi 1llt, '~~~,rs
ROGEN POITRAS ~J [ J
, CLEtIK GRCYIi COURT. bT. lYG1E C0. FtA, /
1'N1S 11IORTGAGE DEED, made a~d executed the day ot . 19 ~ld.
~r . wILI,IAM_J :__BC~SSC)._en ~
Tc)SE.H SC~TC)t~c)~TG~----.----_- . . . . .
hereinatter pUed the Mongagor. ~rhich term shall indude the heirs. leqal representatives, successors and assiqos o( the said
Morcgagor r+herever the wnceut so requira or admics.
~_.__M,_ 8 W. LAND. INC a Tennessee co ration authorized.to_do..b~siness_ in. ~he_ St~te..
of Florida
hereinafter alled the Mortgagee, ~vhich trna ihaU include the Rein, legal represencatires, wccesson and usiqns of the said
11lortgagee ~vherever the rnntext so requires or admit~.
~VITNESSETH: That for diven good and valuablt considerations, and also in consideration of the aqgrtqate sum
uamed in tht promissory note oE even date herewith hereinatter dcscribed, the said ~fortgagor do~s hcreby qrant, bargain,
stU, alien, remise, releast. convey and ooo(irm unto the said \tortqaqee, his heirs, successon and assigns, all thc certai~
piece.__. parcel, oc tnc~_ of laad. o[ which taid Mortgagor iu norv seincd and possessed and in actual possession. situate in
the Counq oE _~SL...I.LLCl,e_- aad State o[ Florida, described as follows:
Beir~g a part of Parcel "H" , F.E . Englar Survey Plat. Plat Book 7, page 13. public
recorde of St. Lucie County. Florida, more particularly described as:
Start at the Northweat corner of Government Lot 1, Section 11, Townahip 37 South,
Range 41 East, St. Lucie County, Florida, thence run North 89°35' Weat along the
North line of eaid Section 11, a distance of 176 . 8 feet to the Northeast corner of the
aforesaid Parcel "H"; thence run Soutt~ 21°03' East along the Eaeterly line of said
Parcel "H" a diatance of 168 .?1 feet to the point of beginning; thence oontinue to
run South 21°03' East alon~ said Easterly line to the Southeast corner of said
~ Parcel "H" a distance of 4F~J .?9 feet; thence run North 89°35' Weat along the South
' line of said Pracel "H" to-the Easterly ahore line of the Indian River, a distance of
1462.3 feet, more or leas; thence meander Northerly along said Easterly shore line
of the Indian River to the intersection with a line that bears North 89°35' West from
the point of beginning, a distance of 570 feet, more or less; thence run South 89°35'
Eaet along laetly said line a dietance of 1003.61 feet, more or leas, to the point of .
beginning; Less, however, all road righte of way. Together with all riparian and
littoral rights thereunto belonging or in anywise appertaining.
THIS IS A PURCHASE MONEY MOftTGAGE ~
Partial Release Clauae: , .
It is contemplated by the parties hereto that partial releases will be granted for
condominium units to be constructed upon the subject lands. Partial releases
from the lien of this mortgage will be given upon payment by the mortgagor to the
mortgagee of a release price for each unit so constructed equivalent to 150$ of the
; original principal indebtedneas secured by this mortgage divided by the total ~
~ number of units finally approved by oontrolling governmental authorities .
~ \
~
= To HAVE AND TO HOLD the same, together with all and singular the tenements, hereditamenu and appurtensnces
; thereuneo belonging or in anpwise appertaininq and the reversion and rcversions, remainder and remainders, rents, issucs
and Profits therto[ and also all the estate, right, tide, interest, property. posscssion, claim and demand whatsoerer as well in
law as in equity ot the said ~tortgagor in and to tht ume and e~~ery Part and parcel thereot uuto the said ~Inrtgagee, and
his heirs, wccessors and assigns, in tee simple. ,
And said \iortR~gor, for himself, and his hei~s, legal representatia~es, wccessors and auiqns, herebv co~•enants with said
~ ~tortgagee, his hein, leqal representatives, successors and auigns, that said \tortgaRor is inde(easibl~• seiied o[ said lan~t in
i Eee simplt: that the said ~(ortqaqor hu [ull power and lawlul riqht to com•ey the same in tec simplc ac alorr aid: that it
' shall be lawtul for said ~tortgaqee, his hein, legal npresentati~•es, wccesson and assiqns, at all times peaceabh• and quietl~
! to enter upon, hold, occupy ~nd enjoy said land and tvery part thereof; that uid land is (ree (rom all iucumbrances: ehat
said I~tortgagor, his hein, legal representatives, suocesson and assigns, will m~ke such (urther assurances to pertect the tee
' simple title to uid land in said 1lfortgagee, his heirs, lega! representatives, successors and acsigns, as ma}• reasonably be re-
quired; and that said Mortgagor does 6treby fullr rrutant the title to said land and e~ety part thereof and will detend the
same against the lawful daims of all petsons w?homwe~er.
'f PROVIDED ALWAYS, That i[ said Mongagor shall pay unto the said Atortqagee the certain promissory note, of which
~ the (ollowing in ~rords and iigures is a true mpy, towit:
' ~ STATE ~F F~...Q R( c~ Q~ This Instrument Prepared by; ~
' ~ OOCUMENTARYy-_'.;~S1AMP 't~.X ~ ~ANS CRe?RY, !R. •
N c~ ARY. ~uc 8~~6~
DEPT. OF AEYEHUE ~s ~ , •iA...,.. G. IEGINNISS PACE
' ~ - _ ~CfS16 ~ ~ 8 O O Q' Chartered lttorney5
' = P~. ~ ' 201 ~,rs~ ~vatwna~ ~ank ~~d ,
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