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, TtIIS IS A BALLOON I~RTGAGB AND THB FINAL PAYMENT OR ~ ,
~-aTwa o~~ THS BALANCB DU8 UPON MATURITY IS $53,315.59, TOGETHER
CARLTON Q McCA1N
WITH ACClIRBD INTBREST~ IF ANY~ AND AI.L ADVANCBt~NTS ATTORNEYf AT lAW
MADE BY THB MORTGAGEE UNDF.R~ TH8 TBRlIS OF THIS l~IORTGAGE ~• o. .oY s..
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Executed the 16th doy o/ March A. D. IS81 6y
SKAGGS ELECTRIC CO., INC., PROFIT SHARING TRUST, by MICHAEL 8. KANE, III,
Trustee, duly authorized,
hereinaJler cnllec! the mortgagor, fo
FLORIDA BANK AT FORT PIERCE
hereinafter Eallec~ lf~e mortgagee:~
(MYAcn~Yr uud Aenie t6e urnn "mortaasor" and "monRaan" i~clude all t6c part:a to ~Ais iosw~e~t and t-c 6ein,
k![al repre~eouti~~es and aai{~ m of indiv~duab. awd t6t wcce~rs and aa+iR~n ot cwporatioas: awd t6e ttrs `•sote••
includn aU t6e eota 6ereia desCribed i( more t6aa oae.)
~~t~~~~ that jor good and valun6le c~onsiderations, and also in consideration o/ tl~e aggre
gate sum named in Ihe promissory note oJ even clate herewiih. I~ereinaj~er descri6ed, the mortgagor here-
6y granfs, baryains, se~~s, a~iens, rPmises, conueys nnt~ conlirms unto !~e mortgagee al~ t~e certain jnnd
o~ u~{iich f/ee mortgagor is now seized anc~ in possession situafe in Saint Lueie County,
/'loricra, uiz:
PARCEL I: Beginning at the Southwest corner of Lot 27 of K.B.
RAULERSON'S ADDITION to Fort Pierce, as per Plat thereof as
recorded in Plat Book 1, Page 3, Public Records of Saint
Lucie County, Florida, thence run East 46.6 feet, more or less,
to tine Southwest corner o£ the 13enmark property as shown
by Deed Recorded in Deed Book 87, Page 422, Public Records
of said County, thence North 180 feet, more or less to the
South line of Delaware; thence West 46.6 feet along the South
line of Delaware Avenue to the East line o~ South Six th St.;
thence South along the East line of said South Sixth St. to a
point of Beginning; said land lying and being a part of the
SE1/4 of SW1/4 of Section 10, Twonship 35 South, Range 4Q
East, EXCEPTING THEREFROM rights of way for Public Roads or
sidewalks.
PARCEL 2: Beginning at the Southeast corner of Lot 28, of
K.B. RAULERSON'S ADDITION to Fort Pierce as per Plat
thereof on file in Plat Book 1, Page 3, Public Records of
Saint Lucie County, Florida; thence run West 46.6 feet to
Point of Beginning, thence run North 95.7 feet, thence run
West 46.7 feet, thence run South 95.7 feet to the South line
of Lot 27 of said K. B. RAULERSON'S ADDITION to Fort Pierce,
Thence East along the Lots 27 and 28 to the Point of Begin-
ning. EXCEPTING THEREFROM the South 8/10 feet to the City
of Fort Pierce.
PARCELS 3 THROUGH 7 ARE CONTINUED UPON SCHEDULE "A" ATTCHED HERETO.
The Mortgagors further agree to pay all tax, assessments, and
utilities that may be levied and assessed against the property
herein, subsequent to the date hereof, and agree that if the
Mortgagor shall fail to keep the property insured or to pay
any premiums or pay taxes, assessments, or utilities, then
the Mortgagee, if it so elects, may apy the same, and the
amount so paid shall be secured by this Mortgage, and
repaid with interest by the Mortgagor within fifteen (15) days
after the receipt by ;iortgagor by written notice thereof.
Failure to make such payments shall be deemed a default of the
Note secured hereby in this Mortgage
~ ~a, 9so.a~
REC£SYED f ~~ S 9~ ~N /AYYENT OF TAXES
GU£ OY CLFSS 'C' i!iTAHGISLE PERSONAL PRO?ER1Y.
FU; SJWIT TO ~.HAPT~9 71-134, ACTS Of 1~71.
?~CEA P~ITP.~S
CIERX qx6YtT COORT, tT. WCIE 00. F1,A.~~~ ~
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