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Executed the!
14th
lebr.us.L"Y'
Jay 01
A. D. 1J)3 hy
EDlt'AR.D P. BUDEltLIK and BETTY L. SUlfiIERLIN, hiB wife,
hereinafter clllbd the mortgaglJr. to
HENRY E. BRANCA, X.D.
and A.'iGELA M. BRANCA, his wife
hereinofter called the mortgagee:
(\,r"~rn'--rr ~d .~reiD 11le t.rt.D4S "~ot'~~or" and 1.'mor'~.lre" iDCh:de aU. the partin to lhli inslrument and the hein,
It__al re~~r...enl.tl\h and UI.l8'nI of I Ddiv.du.ah. and- the IUtcet$Ot"1 .ad &.bJfZU of corp..xatio~,1. and the ttrm unott'''
irM:luc:!n all lhe Dotrs M~jD dea:ri~ if more IM:l OI\C'.) .
1tfitntsselh, Ihai for good and v~luable comlderotions, and al.so in consideration of ,/1(> aggr('-
gatl' sum nlJmed in ',he promis:ory note of even date herewith. herelnaf'er described. Ihe mor/gaf/o. hNe-
I by gran/s. hargains. s-ells. aliens. remise!. conveys and confirms unto the mortgagee all the certain land
I of whid. the mortgagor is now seized and in possession situate in St. Lucie Coun'v.
I Florido. l'iz; .
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Lot 18 ot Block C, B~HJAMIN HOGG'S SUBDIVISION,
as per plat thereot on tile in Plat Book 11 at
page 1 of the public records of St. Lucie
County, Florida.
THIS IS A PURCHASE MONEY MORTGAGE.
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IT IS AGREED and understood that ths moratorium upon th,
payment of principal as provided in the promissory note secure.
by this mortgage is contingent upon the mortgagors b8gir~ing
contruction of improvements and addition to the mortgaged
premises at a cost of not lese than 15,000.00 within 90 days from
date of this ~0rtgage, and that if said improvements and addition
are not commen~ed within said 90 day period and do no~ cost
at least $5,000.00, then the first a~nual principal p~ent
due on the said promissory note shall be February 15th, 1964.
RC_C"-iCJ ~-- ~
on (/'so' C ' '> .. '. ,- , ",'
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ex ollector, St. lU;;;e Co
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