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SU9445
THIS bORTGAGE DEED. made and executed the __.__~.._. day of
by-____WILLIAM F._CRARYt__as"__Trustee
--.h19i~9l.. __....... _.... .. 1980. qQ,O~
hereinafter called the Mortgagor, •which term shall iadude the heir. legal reprexntatives, successor and assigns of the aid
Mortgagor wherever the oonttxt so requires or admits.
~_ VICTORY CONSTRUCTION COMPANY, a Florida Corporation
hereinafter nlled the Mortgagee. which term shall include the heir, legal representatives. wccessors and assigns of the said
Mortgagee wherever the context so requires or admits.
WITNESSETH: That for divers good and valuable considerations, and also in rnnsideration of the aggregate sum
named in the promissory port o[ even date herewith hereinafter described. the said Mortgagor does hereby grant. bargain,
xll, alien. remise. rekax. convey and confirm unto the said Mortgages, his heir, successors and auigns, all the ceruin
piece_., parcel or tract- of land. of which aid Mortgagor is now xittd and poueued and in actual posseuion, situate in
the Counq of Martin _ .and Sute of Florida, described as [ollows:
Lot 27, of VIKINGS LOOKOUT, PHASE ONE, according to the plats
thereof as recorded in Plat Book 19, at Pages 2 and 2A through
28, and amended in Plat Book 19, at Pages 5 and SA through SB,
and further amended in Plat Book 19, at Pages 20 and 20A
through 208, all in the Public Records of St. Lucie. County,
Florida.
The Mortgagee, its successors and assigns, covenant that in the
event of default hereunder no personal judgment shall be sought
against the Mortgagor, either directly upon the promissory note
hereby secured, or in the form of a deficiency decree in the
event of foreclosure.
The Mortgagee hereby agrees to subordinate the lien of a
Construction Loan Mortgage of any institutional lender.
THIS IS A PURCHASE MONEY FIRST MORTGAGE.
This Mortgage shall not be assumed by a Third Party without
the specific written concept of the Mortgagee.
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To HAVE AND TO HOLD the same, together with all and singular the tenements, hereditaments and appurtenances
thereunto belonging or in anywise appertaining and the reversion and reversions, remainder and rctnainden, rents, issues
and profits thereof and also all the elute, right, title, interest, property, possession, claim acrd demand whatsoeser as well in
law as in equity of the said Mortgagor in and to the same and every part arrd parcel thereof unto the said Mortgagee, and
his heirs, wccesson and assigns, in fee simple.
And said Mortgagor,' for himself, and his heirs, legal representatives, successors and auigns, hereby coscnants with said
:-fortgagee, his heir, legal repreentatives, successors and assigns, that said \fortgaRor is indefeasibly xi:ed of said land in
[ee simple; that the said Mortgagor has full power and lawful right to convey the same irr fee siml,le as afore•aid: that it
shall be lawful for aid Mortgagee, his heirs. legal npresenutis•es, successors and assigns, at all times peaceably and quietly
to enter upon. hold, occupy and enjoy said land and every part thereof; that said land is free from all irrcumbrances: that
said bortgagor, his heirs, legal reprexnutive, sutxYSton and assigns, will make such further assurance to per[ect the fee
rumple title to said land in said Mortgagee, his heirs, legal reprexntatives, successors and auigns, as may reasonably be re-
quired; .and that said 1lfortgagor does hereby fttlly warrant the title to said land and every part thereof and will defend the
same against the lawful claims of all persons whottttoever.
PROVIDED ALWAYS, That if aid Mortgagor shall pay unto the said Aortgagee the ceruin promissory note, of which
the following in words and figures is a true copy, to-wet:
sooz344 PdGE1~4