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Executed the 2 day o f May , A. D. 19 7 g ~ by .
ECONOMY PACKING COMPANY,
• a corporation existing under the laws of Florida .and having its principal place of
business at 902 Beli Avenue, Fort Pierce, Florida 33450,
hereinafter called the mortgagor, to GERALD S . JAMES,
whose postoffice nddreas is Post Office Box 3089, Fort Pierce, Florida 33450,
hereinafter called the mortgagee:
(Wherever wed herein the urmr "mort~asor" and aortaaaee" include ap the parties to this iaetrwneat asd the hero,
hrytal represeautivee and ataism of iadtvtduab, and the wiooeron sad aerisne of corporauwe; awd tbs tern "wte'•
iacluda all the Dora heroin dauihcd i( mort thu oae.)
~1~~~e~~ that for good and valtwble consideratioru, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession situate in St. Lucie County.
Fbrtda, vi::
Begin at the point on intersection of the West line
of the East 1/2 of the Southwest 1/4 of the Southwest
1/4 of Section 24, Township 35 South, Range 39 East,
St. Lucie County, Florida, with the Southerly right-
of-way line of Okeechobee Road (S.R. X70); thence run
North 70°04'03" East, along said right-of-way line
175.00 feet, to the POINT OF BEGINNING; thence continue
North 70°04'03" East, along the said right-of-way line,
124.95 feet; thence run South 00°06'18" East, 21.26 feet,
to a point on the Southerly right-of-way line of Okee-
chobee Road (S.R. #70) as expanded; thence run North ,
70°04'03" East, along said right-of-way line, 26.34 feet,
to the West line of a 20-foot easement; thence run South
03°31'09" East, along the said West line of easement,
• 199.60 feet; thence run South 70°04'03" West, parallel
to the Southerly right-of-way line of Okeechobee Road
(S.R. #70), 163.88 feet; thence run North 00°06'51"
E West, parallel to the said West line of the East 1/2
of the Southwest 1/4 of the Southwest 1/4 of Section 24,
224.77 feet, to the POINT OF BEGINNING.
~ THIS IS A PURCHASE MONEY MOR~AGE.
SUBORDINATION. Mortgagor agrees to subordinate this purchase money
mortgage to and in favor of a~conventional lender lending funds for
direct construction costs upon subject property.
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