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TN1S MORTGAGE DEED. made and execuced_the -----1?-- -..._. dar of _ ........ .. .. ..... . .. .. . .. . . 19 ~Y
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he,Yinatter alled the Mortaa~. which cerm ~hal! indude the heirs. legal repreunativc~. wcceswn and as+i~i oI the said
Mongaaor ~rherevet the oontpct ~o requira or admits.
~, EDWARD J. RAYA _!
hereinafter nlled the i4lortgsgee. which term shall include the hein. legal reprcse~tatives, wccessots and as~iqns ot the said
1-~orcgaaee ~rt~ereva the concext a requires or admica.
WITNESSETH: 'I'hat tor divers ~ood and valuable considerationi, and also in rnnsidaation of the aggregate wm
named i~ the promiasorp note of even date herewith hereinafier described, che uid Mortgagor does henby gn~t. bargain.
ull, alien, remi~e, relea~e. oonvep and con[irm u~to the aid Mortqaqee. Ais hein, succason and assig~s, all the certain
p~ece-. pircet- oc tcact- oE land. of ~rhIch aid Mortgag~oT it noa ieiud and posussed aad in utual possasion. tituate in
t6e Couaq oE ~t_ ~iciP and Scate o[ Florida, described ai follows:
Lot 1, B1ock 4, ST. LiICIE GARDF.N.S, in Section 25, Township 36 South, Range 40
East, St. Lucie County, Florida, containing 10 acres, more or less.
SIIB~TECT 'PO restrictions, reservations, rig~ts-of-way and zoning ordinances of
public record.
'IHIS IS A PURQ~ASE I-fON~Y FIRST MOR'P(',AGE.
Nbrtgagee agrees to subordinate the lien and operation of this purchase money
first mortgage to the lien and aperation of a development loan mortgage
obtained by l~brtgagor from a recognized lending institution doing business in
St. Lucie Cow~ty, Florida, to finance the construction of permanent m~bile
ho~ne park improvements, provided, hawev~er, that this agreement to subordinate
shall be limited to a principal indebtedness not exceeding s4,000.00 per
mobile home space to be constructed on the real praperty which is the subject
matter hereof. I~brtgagee further agrees to subordinate the lien and operation
of his purchase m~r-ey first mortgage to grants of utility, drainage and road
right of way easements or to join in azry dedications of same by recorded plat.
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i~; :_. `ii i~ L;;::. !_~ lt-..i. 4;.TS af 1l71.
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To HAVE AND TO HOLD the same, together with all and sinqnlar the [enements, hercdicaments and appurtenancex
thereunto belonging or in anywix appertaininq and the reversion and reversions, remainder and remainders, rents, issucs
and pro[its thereof and also all the tstatt, right, tidt, interest, property, posses~ion, claim and demand Khusoe~•er as NeU in
law as in equity of tht said ~Iortgagor in and to the same and e~•ery part and parc~l thereof unto the said ~Iortgaqce, and
his heirs, successon and usigns, in [ee simple.
And said Mortgagor, tor himsel(, and his heirs, legal representati.•es, succcssors and assiqns, hereby covcnants with said
\iortgagee, his htin, legal reprtsentatives, sutcessors and assiRns, that said ~IortqaRor is inde[easiblp ~ei~ed of said land in
(ee simple: that the said ~fortgagor has [ull power and lawlul riRht to com•ey the same in fec sim~,le as afore aid: that it
sha11 be lawful tor uid 1lfortgagte, his hein, legal representati~•es, wcceuors and usiqns, at all tima peaceabh• and quietly
co enter upon, hold, occupy and enjoy said land and every part the~eof; that said land is (rce (rom all incuml~rances: that
said Mortgagor, his hein, legal tepresenutiva, suacesson and assigns, will make such [urther assurances to pertect the fee
simple title to said land in said Mortgagee, his hein, legal repraenatives, wccessors and acsiRns, as may reasonably be re-
quired; and that said biortgagor doa herebr fullr watrant the title to uid land and every part chereof and will dc(end che
same ag~insc the lawful daims oE aU ~perwns whomsoevet.
PROVIDED ALWAYS, That if said 1-fortgagor shall pay unto the said AtortgaRee the certain promissory note, of which
the tolb~ving in ~rords and figures is ~ we mpy, tow~t:
~ TM~ i~~,+ ~.~.a br
EVANS CRARY, JR.
CRARY, dUCHANAN b MEGINWSS
chcrte.ed Anwneys
SSS Cdorodo Arenw
3TUART, fLOttIGA 33I94
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B~x345 P~201.1
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