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MORTGAGE
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Thi. mertgaae ttaade .des entaei into thin day of ~
19 79 , by and between
Geou~e L. Ftenz and Doytna M. Franz, his wife
(hereinafter referred to as asortgagoc) and
Stet Bank of St. I~teie Clamty (hereinafter re[errsd to ~
mortgagee). who maintains an oboe and plaee of business at 111 Oratlc~e Ave. , Fort Pi~ex~oe, Fla.
ptmasssra, that for the oondderatian hereinafter Mated, receipt of which .i• hereby acknowledged, the
mortgagor don hereby mortgage, seU, grant, assign, and convey unto the mortgagee, hip ateoessora and assigns, aU
of the folbwing daeribed property situated and being in the County of St. Lucire
State of Florida
The West 150 feet of the East 330 feet of the South 430 feet of Lot 2, J. I.
~3~i' S SUBDIVISION a~ooordinq t4 the plat thereof reooYt3ed in plat Book 3, -
Page 85 of the Public Records of St. Lucie Cbtmty, Fl,oarida.
Received ~ C'
t?~ ~-~rsc~_ h Paymem Ot Texas
i Dua On Clad '~C' Ipp~ Panottsl Property,
~ Pursuutt To CAaUI~? 7i 1 ~
>N„ Ants Of 1~/1. t c
IgY6A l~Of t11A1s ~ t 1
Clark Clrptll ~t Ut httoi~ Os„ Res
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Together with and including a~ bnildinga. all,f`ixtures including bat not limited to all plumbing, beating. lighting,
ventilating, refrigerating, incinerating, air conditioning apparatus, and elevators (the mortgagor hereby declaring that }
it is intended that the items hreein enumerated shall be deemed to hsve bees permaaeatly installed as part of the realty), '
and all improvements now or hereafter existing thereon; the hereditaments and appurtenances and all other rights there-
unto belonging, or in anywise appertaising. and the reversion and reversions, remainder and remainders, all rights of ,
v redemption, and the rents, issues, sad profits of the above described property (provided, however, that the mortgagor
'r shall be entitled to the posaessioe of said propeRy sad to collect and retain the rents, issues, and profits until default
hereunder). To Gave and to hold the same unto the mortgagee end the successors i• interest of the mortgagee forever
~ is fee simple or each other estate, if any, as is stated herein.
The mortgagor covenants that he is lawfnUr seised and poaseased of and has the right to sell and convey said
property; that the same is tree from all encumbrances except as hereinabove recited; and that he hereby binds
~ himself and his successors in interest to warrant and defend the title aforesaid thereto and every part thereof against +
the claims of all persons whomsoever.
This instrument is given to secure the payment of a promissory note dated NOViat~ber 7, 1979 ,
in the principal sum of i 500, 000.00 ,signed by George L. Franz, President ,
in behalf of F~TZ II~ERPRISES, INC. F
3211 1438
SBA FORM 928 (2.731 PREVIOUS EDITIONS ARE OBSOLETE
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