HomeMy WebLinkAbout0964 ~ .43.4656 O/ Tt~b Initrum~M was prep~r~d y ;
n~o.~nas H. THUR~ow '
~ YF~ur~io:v arto THUa~ow
so x~.~~ad s~r.Cr ~
a s~ ia. s.vYt, Fa~ra~ utw #
'1'HIS ~IORTGAGE DEED, nnade and executcd che ....___30_.___...__. day ot ....MarCh 19 79~ ;
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br SWANSON HOMES, INC., a Florida corporation, ~
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hereinafter called tht 1ltortgagor, which term sha~ll includt the heirs, legal represencatives, succeuon and auig~s ot the uid ~
Mortgagor whercver the context so rcquires or admiu. _ ~
W. R. LAUGNON, as Trustee '
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hereina[cer called the ~tortgagee, which term shall include the hein. legal represeniatives, succeuon aod auigns o[ the said ~
~ I?lortgagec wherever the rnncext w rcquires or admits. ~
WITIESSETH: That ior di~•e~s q«xl and ~•aluable considerations, and also in conside~atio~ o( the ap,prrgate wm
named in the promissory nott of cveo daco herewith he~einaEtrr dexribecl, the said ~tortga~r docc herrh~ ~;rant, bargain,
sell. alien, remise, relcast, cnm•ey and contirm unto the said ~tortRaRee, his I~ein, cucces~on and assiRus, aq the cetwin
piete._., parcel or tract.__ ot lapd, of which uid 1?fottgagor is now seized and possesscd and in actual poss~ssion, situate in
St. Lucie
the County of and St~te of Florida. descrilxd as [ollows:
A portian of Lot 2 and Lot 15, Block 4, Section 12, Township 37 South
Range 40 East of ST. LUCIE GARDENS as recorded in Plat Book 1, page 35,
St. Lucie County, Florida, more particularly described as follows:
Beginning at the intersection o~ the North line of said Lot 15, and the
Easterly right-of-way of U.S. Highway No. 1; thence South 27°50'31" East
along said right-of-way for a distance of 75 feet, thence North 82°43'30"
East for a distance of 273.84 £eet more or less to a point on the West
right-of-way of Lenriard Road that is 26.48 feet South of the North line of
said Lot 15, said West right-of-way being 25 feet West of the East line of
Section 12, Township 37 South Range 40 East as recorded in Deed Book 186,
page 9, St. Lucie County Public Records; thence North 0°00'10" West along
said West right-of-way for a distance of 188.76 feet, thence South 82°43'30"
West for a distance of 367.90 feet to the East right-of-way of U.S. Highway
No. 1, thence South 27°50'31" East along said East right-of-way fo~ a
distance of 125 feet to the POINT OF BEGINNING.
THIS IS A PURCHASE MONEY MORTGAGE.
THIS MORTGAGE shall be subordinate and inferior to the lien and encum-
brance af a construction loan mortgage placed upon subject property for
the purpose of financing a construction loan aqreement between mortgagor
herein, mortgagee financial institution and a third party builder for the
construction of commercial shopping spaces and/or office spaces. Mortgagee
herein shall ap~rove a copy of sketch plans showing proposed improvements
to subject property. Said construction loan shall not exceed $300,000.00. :
Sketch plan approval shall not be arbitrarily withheld nor unreasonably
delayed~
To 13A~'E :\`D ~~O HOI.U cl~e samc. toqether wich all and sinRular the tenemems, hereditamcnu and a~Purtenances
thereunto belonRing or in anyNise appertaininR and the re~ersion and re~•enions, remaindcr aud remainden. tents, iss~es
and pro[itti thereof and al~o all the estate, riqht, tide, interest, propert}•, posses~ion, daim and demand whatsoc~•~r as wel! in
laM as in eyuity of the ~aid ~IortRaqor in and to ~he samt and c~•ery part and Parcel thereo( unto ?he said 1(ortg~gee, an~1 s
his heirs, wcce+u~rs and assi~ns, in Iee simplr. s
~ And ~aicl ~tort~{aRor, for himseli. a~~d his hcirs, legal represenwti~es, successor. and a~siRns, hereb?• co~~c~~ants with said ~
~Iort~aRee, his heirs. IcRal repre~entati~•e~. succe,sor~ and assiRn~, that said \I~?r~Ra~nr is inde[rasibtv ~eiied o( said iand in
(ee simplc: that the said ~I~rt~aRor ha~ [ull power ai~d lawful riRht to con.e~• che c:+me in fce ,im~,le a. aforc.aicl: that it i
chap be I~wful [or said JlortgaRee. hic heirs, leRat representati.es, successors aud auigns. at all times Pea~ea!>!p ~nd quietl~~ E
t~ euter uFMn, hold. cxcup}• and e~~jop said land and e~•er}• Part therer~f: that said lai~d is tree Ir~m ~II incumbrance~: that '
~aid ~tort~aRor, his heirs, te~al repre.entatices, sutcesson and assiRns, w•ill make wch (urther aswrances to pertect the fec
simpte titfe ta said land in said ltnrtqaqee, his htirs, leqal representati~~ex, cuccessors a~~d a.~iK~~s, as maY reasnnably bt rt-
quirccl: ae~c! that caid 11~rt~nRor does hcreby fully warrant the title to uid land and e~~ery part therto[ and will dete~d tht ;
+:,me ag~imt the law(ul daims ot all persons whomsoever. #
PROVIUED ALtVAYS, "I'hat it said \fortRaR~r shall p~y unto the said '.11ortRaRee the certain promissorv note, o( which ;
the fnU~wir?R in w•ord, and (iRures i. a true co~v, tow~t:
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1 - _ _ a» o~ a.u ~c« h,tanp~l. P,~na+., Prop.,a~ ' i
- Pu?wa~t To Ch~r 71,184. A~es Of 1l71.
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