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MORTGAGE DEED `
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.THIS MORTGAGE INDENTURE executed this~_day of September
i? 19~, by S . C . S . TARPO &AY I ~
- ;hereinafter referred to as t e Mortgagor s and t e ears, persona represen-
_ ~tatives', successors-and assigns of the .Mortgagor(s), including all subsequent
;;grantees, either voluntarily by act of the parties or involuntarily by
- ':operation of law, and FIRST NATIONAL BANK IN PALM BEACH, a national banking
;corporation organized and existing under the laws of the United States of
'iAmerica and having its principal place of business at 255 South County Road,
::Palm Beach, Palm Beach County, Florida, hereinafter referred to as Mortgagee,
Fits successors and assigns, being a
FIRST MORTGAGE,
~ WI.TNESSETH:
~ v=- o THAT for good and valuable consideration and also in consideration
" Q `of~the aggregate sum of money named in the Promissory Note of even date here-
~d c !with hereinafter described, and such additional sums of money as shall be
~ o .borrowed by the Mortgagor(s) from the Mortgagee or expended by Mortgagee for
jOQ ~ jthe account of the Mortgagor(s), the Mortgagor(s) do hereby grant, bargain,
~ J'^~;~,- , s ` sel 1, alien, .remise, release, convey and confirm unto the Mortgagee, i n fee
~ E simple, the following-described real estate, of which the Mortgagor(s) are
t ~•now seized and possessed and in actual possession, situate in Port -
~3°~^"'~~ st. Lucie - County of St. Lucie ,and State of Florida,
j a~~ A to-wit
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,Q~ ~tiliN See legal description attached.
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ee. ' Received ~ inte~~ Parstot~ pt~~.
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~'urstleM To CA>tORM R
f I RODE
• ~ ? -~~.a r;.cuit Court. S1~ Lude. Ca. FN•
y60 ' 00 -
~'~'The proceeds of this mortgage are being disbursed pursuant to Borrower's
(1 Construction Loan Agreement of even date between the parties hereto, which
agreement, by reference hereto, is-made a part hereof.
TO HAVE AND TO HOLD the same, together with the tenements, heredita-
- ments and appurtenances thereto belonging or in any wise appertaining, in fee
simple.
AND the Mortgagor(s) do hereby covenant with the Mortgagee that they
are indefeasibly seized of said land in fee simple; that they have full power
and lawful right to convey said land in fee simple as aforesaid; that it shall
be lawful for the Mortgagee at all times peaceably and quietly to enter upon,
hold, occupy. and to .enjoy said land; that said land is free from all encum-
brances; that they will make such further assurances to protect the fee simple
title to said land in the Mortgagee as may reasonably be required; that they
do hereby warrant the title to said land and will defend the same against the
lawful claims of all persons whomsoever,
PROVIDED, ALWAYS, that if the Mortgagor(s) shall pay unto the
Mortgagee the certain Promissory Note of which the following in words and
figures is a true copy, to-wit:
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Pr~ared by and return
Dw~c~t I. Oool RETVRPt TO:
apiSt~t~ Yoakley. Crlser rutlSTfR, 1'pAKtE'l. CQ'SER, STE"lART b HERSEY
$teWal~t & ~~"„~"~p.A• rlk5f HAiiUi+i.l bk:+~C L'UtLO{r~G _
ra;..e~ 1Q~i•ie~nnl lr Tbti lAi»n PALM $EACH, fLORIDA