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This Mortgage is executed by the corporate mortgaqors to
aecure the payments of any amounts loaried to Wayne U. Sines, Jr.
and Patricia A. Sines, his wife in accordance with the
open end clause hereirtabove stamped on this Mortgage and
the mortgagee herein shall have a lien upon the property
of the respective mortgagors, Wayne Construction Company,
as to Parcel 2, and Pan Carib Ente rprises, Inc., as to
Parcel 2, hereinabove described.
TO HAVE AND TO HOLD the same, together with the tenements,
hereditaments and appurtenances thereto belonging, and the rents, issues
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and profits thereof, unto the mortqagee, in fee simple.
AND the mortgagor covenants with the mortgagee that the mortgagor
is indefeasibly seized of said land in fee simple; that the mortgagor
has good right and lawful authority to convey said land as aforesaid;
that the mortgagor will 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 warrants the title to said
land and will defend the same against th~ lawful claims of all persons
whQmsoever; and that said land is free and clear of all encumbrances
except for taxes subsequent to December 31, 1974.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the certain promissory note hereinafter substantially copied
of identified, to-wit:
~Ot000~.00 Fort Pierce, Florida JanuatY /."1 , ~q 7g - '
affer date, f, we or either of u: promise 1o psy b the order of -
?~Z1t 'iit~Ot~il ~ HiT1~C O~ !O!'t P~rC~
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i pitty mowaAa ~a po~ioo ~ - -
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j for value ~eaeived, payabte at 300 SOUth 8lxtts StZYt~t~ rorC piere~, Florida, 33~50
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from at the rste of 10 per cent per ennum uMil paid; intereat payable~_~~=~'~
If defwk k m~ In any paynw+t wh~n du+~ th~n at t!~ oplion of dn iwld~r. ud wirhoet sn~? othK notia, ~q ~~++~ini~+p balana
~hali b~ dw n+d pnraW~ at ono~.
Md ~+cA of us whetFw nuk~r. W+wnto? a endaw, twnb'1? w~n~Y wahra and ~~nour~oa Mry ~nd aq hornrNrd ax~mptia+ ~qIM~
vr~ a~sp i~+w v~dw tiN C.aw7ti~tion w iaws oi dK StN~ d flaida. or any etlwr Sat~ a Unit~d Su~u. ~s agsieut tAts rwMt and e~eh fvnM?
w~iw~ d~n'~w+d, nofJn d nonq~y~nwM ~nd prol~st, and In tw~K k b~can~s trc~swy to coil~d Hiu rqt~ ~ro~ph en aitwnry. +pna to P~y +M
aotb of eolleetlon. ~k~dM~p rwae~~bM ~ttonw~/s fN.
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