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. MOR aA~E ;
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THIS MORTGAGE, ~x~art~d Ih~ ~ day of July . A. D., 197~, by {
OCEAN GATE BUILDERS, INC., a Florida corporation and ANDREW A. HENRY and ~
ALBERTA D. HENRY, d/b/a TARPON BAY VILLAS, a Florida partnership ;
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her~i~wh~r toll~d Ih~ Mort9ogor. whid+ t~?~+ shall indud• sinpulor or plurol, torporation or i~dividucl, ond •ith~r s~x, ond shoN . ;
includ~ 1M Min, Ipal repr~3MfOfIVff, waKSOn and oui~ns of 1M Mort9o9or. b ~l7 ~
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STUART NATIONAL BANK ~ (1.}~
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c r.otioral bonking ossociot~o~ orgonized ond exishng under the lows of the United Stotes w~th ~ts p?inc~pol ploce of busi~esz in !
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_ Martin County, F{orido, herei~after called the Mo.tgogce, wh~ch term sholl include the successors
ond ossigns of the said Mortgogee.
WITNESSETH THAT, WMEREAS, th~ Mo~tpapor hos received a loon from the Mortqayes ond is jusNy indebted to 1hs ~
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Mort~apee, wfiich indebtedn~ss i: Mreby odcn~wledped and is ~videnced br a certoin promissory note dated Ihe ~
day of 19 79, made br !he MortQo~ and payable to the Mortpayee in th~ principal swn of_- ;
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----FIVE HUNDRED THOUSAND AND NO/100 `
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(s_500 ~ 000 . 00 ~~ether wiih interest os. stated therein, said note bein~ in standard form and providin9, omony other
of interest only on sums actually advanced
things, fo? dOdO~lta[~id Poymenls i~l~dN[}I~OIi)li?~liiR]~ifl~iiEibY be~inniny on the 6_ doy of AuQUS t ~
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19 79, with 1M balonce of principol ond aarued interest due and porable on the _6 doy of July ~ 19 ~
provaio~ for p~epoyment, aaeleration of principal i~ the evenf of defauh topether with a dause providin9 for the payment br
the Mort~a~o? of atlo?ner s fees, sxpenses and oosh of odlection. The provisioas of wch note, to which reference is herein nrod~
are by reference nwde a port of this instrument as Ihouqh the some were fully set forth herein. ~
NOW THIS MORTGAGE WITNESSETH, that the said Mort~apor for 1he be»er s~curinp of the several wms of naney 4
mentaned in fhe said note does heraby ~ront, bar~ain, self, alien, remise, release, oomey and oo~inn unto the said Mortqa~ee, ~
in fee sin+ple forever, fhs folbwinp destribed lo~d, of which said Mort9apor is now seized and posseued and in actual posses:ion ~
situote, I~rinp ond bei~+p in St. Lucie _ Counh?, Stote of Fbrida, ood more portitularty destribed as fdbws:
BEGIN at the Southeast corner of Section 15, Township 37 South,
Range 40 East, St. Lucie County, Florida; thence run S 89°57'S2"W,
along the South line of said Section 15, a distance of 522.00 feet;
thence run N Q°11'S0" W a distance of 320.04 feet; thence run
N 89°56'S5" E a distance of 522.00 feet to the Point of Intersection
with the East line of said Section 15, also being the centerline of
Pruitt Road;-thence run S 0°11'50" E, along said East line, a
; distance of 320.18 feet to the POINT OF BEGINNING.
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~ LESS and excepting the Easterly 50.00 feet thereof for Right of
~ Way. Containing 3.469 acres -
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R~ai+~d i ~ M1 /~eK Of Ts~s r ~ - , - - ~ - - - - - - ~ -
~ Ow On Clr'~" 11~11~1~~lr1~~1 h+oPM~1?. ~ - - ; , . : : _-l.. A ~ _
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h+rwwuTi~1M~?I,~i1rAA0f /ff1. -:-Y
~ ~ONIiO~As _ys
~ ~ Suite 3J1 -S:uort l:nt'1 6cnk B:Jg.
301 E. Qcean Blvd. - P. O. Drawer 8"
3 ' StuaA, Florida 33494 .
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~ TOGETHER WITH all and sin~ular the tenements, hereditaments ond oppurtenonces thereunto belon~ing or in any wise
~ appertairwn~ and all strvctures ond improvements now and hereafter on said laid ond oll fixtures attoched thereto, toqether with
~ all renfs, iswes and profits ou?uinp from said premises Qnd oll 9os, s/eam, electric, water, plumbiny, liyhtir?~, ventiloting, heatin~ :
ond ooolin~ systems, which now are o? may be in or on said premises thouph they be detnched or detochable, includinp but not
~ limited to cll refri~erefon, sroves, ovens, appliances ond carpets and all additions, rtplacements and i~crease thereof hereaher j~
~ c~cquired or located on the said premises, ond alt ottachments and ports thereof, and anr additions, extensions o~ bettermenh of,
~ in or to the bvildin9s now or hereohar eracted on the said premises.
~ ~ TO HAVE AND TO HOI~ the obove ~ronted premises, wifh the appurtenonces unio the seid Mo~tyoQee, in fee simple
forever.
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