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I ~aIRTOAOE DEED RAMCO FORM RE6 i~,
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' f:~~~~~„~~~d rf~~~ 2~ d~y ~l September r1. I). ~9 84 6y
EDWIN S. MERRITT, DIANNE W. MERRITT, JAM~S A. MERRITT, by EDG~iIN S.
MERRITT, pursuant to a Power of Attorney and DUANE R. MERRITT,
4820 South U.S. l, Ft. Pierce, rioric~a 3~3450
{ierPinn(t~~r i a~~t~c~ f~i~ ntortc~~qor. fo
JOHN WALTER ADAt4S, Route 1, Belews Creek, North Carolina 27009. ~
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~ce~r~ins~~li~r ca~~~~~ f{iv RIO~I(~(I(~Pf': ~
' ,1\}~t~c.rr u,ed herrir. tht ttrmc ''murtK~R~~~~~ and "morteaqre" inrlude all the pa~tits to tAi~ instrument and :he hein,
' leaal lf~ffKOI3U~ff and aiirm uf ir.di.iduab. and th~ cuccr~.~.n and suiqm u( rorporatiom: and the term "note"
' ~ in<li.dc~ ~1I tho m~:n hr~ein deuribed i( more ttun une. • i
~litnesseth) ~~IU~ ~O~ QOO~ Qll(I ['(1~URf)~P CO?i54QP~Q~lOflS, a/l(~ Q~SO 1?1 COIISI~P~Q~LU?1 0/ ~~IP aggre-
. (~Q~P SUA1 IIUIIIP(~ f!1 ~~IP prumissory ?tO~P Oj PVPII ~A~P ~1PIPll~l~~1, ~IPI'PIII~/~P~ descri6~~, ~RP morlgagor hpre-
hy c{rarits, ban~airu, se~lls, ali~ns, remises. coni~eys and confirm; ~u~to the mortgagee aIl t{~e certain land
o~ u~{~ic{i !{~e mort{~nqor is nou~ spi~ec~ nric~ in possession situafe iri St. Lueie County,
E~~orit~n. t~i~:
Being the South 114.93 feet of the following described lands:
PARCEL l: Lot 19 (less the South 332.12 teet thereof) of the Sub-
division of White City in Section 3, Township 36 South, P.ange 40
East, according to the Pla~ of said Subdivision as filed in Plat !
Book l, Page 23, Public Records of St. Lucie County, Florida; and ~
;,less right-of-way for U.S. No. 1(S.R. No. 5) ~ ,
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PARCEL 2: Beginning 16 chains North ef the Sou~thwest corner of the ~
Northeast 1/4 of Section 3, Township 36 South, Range 40 East; thence i
run East, 5 chains; thence run North, 7 chains; thence run West, 5 ~
chains; thence run South, to the POINT OF B~.GINNING; less and except ~
a parcel conveyed to ~ra F. MilleY e~ ux., et al., as in Deed Book
99, Page 398 and now owned by Dale W. Johns~n, as in O.R. Book 279,
Page 2867, Public Records of St. LL~ie C~ur.~y, Florida, and furtr~r i
less and except right-of-way, rcr U.S. No. 1(S.R. No. S) ~
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'rHIS IS A FIRST MORTGAGE. ' !
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~ The Mortgagor further agrees t~ pay all taxes, assessments, and ~
~ utilities that may be levied ~_nd assessed against the property I
~ herein, subsequent to the date hereof, and agree triat if the i
~ 'Mortgagor shall ~ail to keep the property insured or to pay any
premiur.is or pay taxes, assessments, or utilities, then the Mortgagee,~I
p if it so elects, may pay the same and the amount so paid shall be I
secured by this Mortgage, and repaid with interest by Mortgagor by ~
written notice th2reof. Failure to make such payments shall be
deemed a default of the Note secured hereby in this Mortgage.
~ Mortgagee by the acceptance hereof, does covenant, promise and agree
to subordinate the lien of this Mortgage to the lien of any Mortgage
~ for construction financing for any future improvements that might be
~ erected upon the subject premises by the Buyer and to execute any and
~ all necessary documents to evidence the same as may be requested by
~ any financial institution advancing such construction financing.
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