HomeMy WebLinkAbout2071 MORTOAO[ Dt[O qttorney ~t Law RAMCO rOIIM R[S
LON~ IOi1Y
2~~ South 2nd StreQf
fort Pierce~o id -
~
E~~ted ehe 21st da~ oj June A. D. ~9 69 b,,
JAM$S D. RTYELLE, a single adult,
Iuretnajter caUed tf~e mo?tgago~, to VSRA RUTL$DGS LUNSFO~D
hereinnjter cnlled the ?nortgagee:
(weaerer wed Me.e~a t6e ter~t ud ••~t~e•• :.rh~de an ti. y.rtie ~e t~i. i..a.~e.e ..d c~e. Yrint
kaal represewtativa and a~ro ~o~f,~u~~b~a~d ttie waoe~as aad of e~orporatior; ud Ht ~ee~ '~ole'
iwclYda all t6e wtes re~ei~ de+eribad iI sore o~e.)
~~Ine~~~ lkat ~o~ good and ~alw,bl~ oonsic~eratioru. and also tn eonaidanntion o~ th~ aggre :
gate sum nnmed in the promisaory note o~ e~en date 1~rewitk, I~ereinaf
ter c~escA~. f~ ~noHgngor ~e-
by grants. bargairu, seus, aliens, remises, conueya and oon~i~ns unto the n~ortga~gee nu the cwtatn land
of which the ntortgagor is now seize~ and in posseuion situale in $t. LUC~@ Count~r.
Flortda. vtz:
All that part of Block 16, of RIVTR DALT Y~CHT CLUB $STATSS,
UNIT Ti~TO, according to plat thereof recorded in Plat Book 6,
page 1~0, of the public records of St. Lucie County, Florida,
~rhich lies North of the Bxtension of Parkland Boulevard,
which extension is 50 feet ~ide, North and South, and the
centerline of xhich 1s the extended centerline of Parkland
Boulevard as shoxn on the above plat.
THIS IS ~ SSCOND M08TGAG8 3unior and inferior onlp to First
Federal Saviags and Loan Association of Fort Pierce, Florida,
FIRST MOftTGAGE on above property.
This mortgage is given to secure payment of purchase moneps
by and bet~reen tha parties, including the folloxing terms and con-
ditions:
There shall be a moratorium on payments under this second ~
mortgage
, and Promissory Note for Trro (2) pears from date of execution•
; interest not accruing duriag this moratorium. Mortgagor
~ agrees at the end of the aforesaid txo-year period he ~rill
~ exercise due diligence in obtaining the highest possible
; refinancing of sub~ect propertp, and all sums received after
~ paymeat and refinanciag of first mortgage shall be applied
€ againat the principal amount of this second mortgage. The
F balance, if any, not paid under this second mortgage shall
i be papable starting one month from date of refinancing in
s the sum of $25.00 principal and interest per month; such
; deferred balance bearing interest at 7'~.
~
z TH$ RIGHT TO PRBPAYMSNT IH W~iOLB OA IN PABT WITHOUT
P1:NALTY HSRSIN GRANTSD ~
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RECEfVED i
DUE CN C
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' PiTA:tC!EI It: PA:?~~"T -w~'$
~ Pl%RS11AtiT TO CHAPTER 2~lil, AC:~'/•~+ 1 P1j. E:'t,
3 V~ 1~~.
; ROGER PoIiRAS, CIerI? Circu6i• Court
~ ~~YeM fot DANIEL N. KhOWLE~, 1R
~ ~ ~ G~~ T~c Cauatoc
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