HomeMy WebLinkAbout0152 3412- 80
THIS INSTRUMENT WAS PREPARED eV:
JOHN H. SUTHERLAND, ATTORNEY
1126 20TN STREET, VERO BEACN, FIA.
:iU'723~
THIS MORTOAOE D>C6D, made and eicecuted the 28th day oL_ October lY 80
by.._...~..1~I... Q(X111....,JR............_..__
hereinafter called the Mortgagor. which term shall include tt.e heirs. legal representatives, aucceasocs and assigns
of the said Mortgagor wherever the context ao requires or admits,
to........PALMANOQC. DE'VELAPI~Nf.OORPORATIDI+I•r•••a•.•New.. York.. Corporat ion~__authorized
......_.....zf~...sio ...h~us~.r~sss....in...xhe...~tate...af ...El or.i~da...._....._......._......_..._...._._......_.._..__.._.._._
hereinafter called the Mortgagee, which term shall include the heirs, legs! representatives, successors and asslgw
of the said Mortgagee wherever the context so requires or admits. _
WITNESSETH: That for dlven good and valuable considerations, and also In consideration of the aggre-
gate aura named In Ws promissory note of even date herewith hereinatter described, the said Mortgagor does
hereby grant. bargain, sell, alien. remise, release. convey and confirm unto the said Mortgages, h1s heirs, successors
and assigns, all the certain plece..._, parcel.... or tract... of land. of which the said Mortgagor is now seised and
possessed and !n actual posaesalon. situate in the County oi..._St:...~lg......_._.and State o! Florida, described
as follows:
See attac~ied sheet for legal description marked as Exhibit "A"
Zhis i.s a Pt>rchase l~bney lrbrtgage, and the money secured by this Irbrtgage
represents the balance of the talpaid purchase price of the abovedescribed
PY'oPe~y • -
'Itle Mortgagor herein states that the abovedescribed property does Ilot
constitute his homestead, and that he does not live on property which is
contiguous or adjacent thereto.
Upon the payment of the first arlnual installment due under the promissory
Mote hereby sect~ed, the Mortgagee shall release without demand property
described as the Easterly 160 feet of the Westerly 360 feet of the above-
described property. Upon the payment of the second installment due under
the proQdssory dote hereby secured, the I~brtgagee shall release without
demand Land described as the Easterly 160 feet of the Westerly 520 feet of
j the aforedescribed property. Upon the payment of the third and final
~ installment due under the proalissory note hereby secured, the balance of
j the aforedescribed property shall be released from this Irbrtgage. Provided
{ always, that each release shall reserve to the Mortgagee, an easement of
right-of-way for all purposes for the benefit of the retained mortgaged
premises over the Southerly 60 feet of the follaaing described property,
to-wit:
See attached sheet for legal description marked as Exhibit "B"
TO RAVE AND TO HOLD the same, together with all and singular the tenements, heredltament• and ap-
purtenances thereunto belonging or >n anywise appertaining and the reversion and nveralons, remainder and
remainders, tents, issues and proflb thereof and also all the estate, right, title, interest, property, posaesslon.
claim and demand whatsoever u well 1n law as in equity of the said Mortgagor 1n and to the cams wad every part
and parcel thereof unto the said Mortgagee, and his heirs, successors and assigns, In tee simple.
Md said Mortgagor. for himself. and his heirs, legal repnsentatlves, successors and assigns, hereby coven-
ants with acid Mortgagee, his heirs, legal representatives, successors and assigns, that said Mortgagor V lnde-
teaslbly seized of said land in tee simple; that the said Mortgagor has full power and lawful right to convey the
,same in tee simple as aforesaid; that It shall be lawful for said Mortgagee, his hers, legal npreaentativea, suc-
cossets and assigns, at sU times peaceably and quietly to enter upon, hold, occupy and enJoy said land and every
part thereof; that said land la free from aU Incumbrances; that said Mortgagor, his heirs, legal repreaentatlves~
successors end assigns, will make such further assurances to perfect the fee simple title to said land In said
Mortgagee, his heirs, legal representatives, successors and assigns, as may reasonably be required; and that said
Mortgagor does hereby fully warrant the title to said lend and every part thereof and wW defend the same agsinst
the lawful cialms of all persons whomsoever.
PROVIDED ALWAYS, That If said Mortgagor shall pay unto the said Mortgages the certain promtasory
note. of which the foUowtng In words and figures V a true copy. to-wlt:
_ HPy~.,~~..; 5 _lt~~ ~ ~-i in PaYmem Of Texes
~ K-cam."'"•'"`'. L`" -
C ~ ) Due On Class "C" mtanU~bie Personal Ptopertl?. '
J/~ ~s . ~3-..-x ~ ~ ~ ~ Purwant To ChaDa;K 71.134. Acs w 1971.
J ~e , ~ ~<--~-~G - gfi~K343 pa~E 152 a«+~~~«.~~.~
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