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.blade this SIXTEENTH cloy of JULY ,..Q. I). 1.980
~tPtlUP~n JOAN PICANO
called the .1lortgagur, and ORVILLE R.PARKS and LOUISE T. PARKS, his wife
and RAYMOND D. PARKS, and DIANA PARKS, his wife called thr..Mortgagee,
t~tlQ$igiPfh. That t/ae .tiaid Mortgagor, for and in consideratio~e of the: srcm of
TEN AND N0/ 100ths Dollars,
to hina in /uind paid by the said Mortga6ee, the receipt whereof is lcereby acknowledged,
has granted, bargained and sold to the said Mo?•tgagee, the
following described tune/ .situate, lying and being ire tlee Cnrcnty of ST. LUCIE
State ~f FLORIDA to wit:
Commencing at the SW corner of Section 14, Township 37 South,
Range 40 East; thence N. 0014'25" W. along the W. line of said
Section 14 a distance of 3717.41 feet; thence N. 89°58'12" E.
a distance of 2141.49 feet to the point of beginning thence N.
250'45" E. a distance of .168.41 feat; thence N. 80°56'41"E a
distance of 140 feet; thence S. 9°03'19" E. A distance of 183
~ feet to a point of Curvature having a radial line bearing of
-~i ~ the last mentioned course; thence Westerly along the arc of
3" M a circular curve to the right having a radius of 847.29 feet
and a central angle of 11054'04" a distance of 175.99 feet to
the point of beginning.
. ~
F. THIS MORTGAGE IS JUNIOR T0: z
. ~ -
J A certain first mortgage from H,QCtOr M.. McDougal, et ux.,
- to Florida Bank at For~r Pierce, -dated July 23, 1975, filed.
. = -September 9, 1975, in OR Book 243, page 1604 of-the Public
~ Records of St. Lucie County, Florida,
p , and that certain mortga~g.e from
"J ancT. the said ~jlortgago?• does here y fully warrant t/ie -title Lo sauG land, and will
defend tlce same against the lawficl claims of-all persons whomsoever.
. ~1'll~p~1 ~1~$, T/art if said Jliortga~or shill pay to the said ~llorfgagee
a certain promissory note, a copy of wlaich is on tlce reverse side hereof, and shall
perform and comply with eccc/a and everrJ stipulation, agreement and covenant of .
said note and of this mortgage, then this ~ mortgage and the estate leereby created
shall be void, otherwise the same sleall remain in full force and virtue. .find the
said Mortgagor covenants to pay the interest ancG principal promptly w/ren dree; to
pay t/ce tcct-es ccnd asses,ments on said property;. to cant,/ insurance against fire.
un the buil~-li.ng on caul Zand for not less thacn $ 40, 000.00 ,
and windstorm insurance in~ amount of $ 40, OOa. 00 ,approved
by the ,:1tur•tgugee, zvitla standard mortgage loss clazc.se payable to .M-ortgccgee, the
p/ilicy to he /reld by t/ce .Jliortgagee, to keep the building • on said land in proper
rcpcti.r; ccnd to waive the /tomestead exemption. '
.Should any of tlce above covenants be bruk:en, then said note arul all moneys
ser•ccred, brreby shall withorct demand, if the .rllortgagee so elects, at once become due
~c?r?l /i/ulc-elite rrncl. flee morlg{tge be foreclosed, and alt costs and expenses of collection
of said nt/~neys by fiireclusure or otherwise, including solicitor's fees s/will be paid by
the rlf~~rt~%ccgor, unit the sunae a:•e hereby secured. _ •,,w s , _ -
Y ~1n i~ttr~~ rrPAf, The said .,Mortgagor )cerercnto•' sets his lured and
seal the day and year f~rst above written. -
ld~gtuD. A tutD ~!1 d itt ~rrseare of ~s:
i / •
/ J PICANO
o--
John Picano to Port St. Lucie Ban~C,-in the original amount of $22,000.
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