HomeMy WebLinkAbout2712 -.._.K,..,...~ ~ _ , ~ . _ ~ _ _ _ -
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Fan~cut.d tl~. ~~t/jl dap ol Jtu1~ A. D. to 70 by
RtCHARD 3. BHIAMBER~G, ao Trust~~ aad individ•aally, joiued by hi•
Nils, EL~IINE SHIAI~$RQ
lMnlnaJt.r onil.d el~. moregopor. eo ffi.'1'0!~ I~lLTBBR, RALPH DsCOVSDiY aud
BSNJ~Di S. RAI.~iICic, as Tru~~ees, Mhoss post o!lic~ ad~dres• is:
• o/o senjamin S. Rainiak, 41 Sa~t Forty-Sacand 3tr~~t, ~la~r York,
New York 1001~ ~
- I?~inn~t.r cnll.d eh. mo.egag«: ~ . ~
~wpr1.~ ..a ?.rsi~ ~r.
~w~.. •„d ••wx1~e•• i~ehde .i~ ~r. r.rti» b di. i~w.o.~t J. win,
i~d~dn~~
w~Mt
'w de~naed
i[¦~~~e~e~t aa~ws d~ri~r at~ntiw; 1k ~as "~M" .
. l~1~t!'Or g~ ~ VVQ~l1Qb~t O~i1t[a~e~tiOrla. ~ OY~ ~R OWISI~~10t1 0/ ~IIf O~f~1:
gat~ sum nawad tn li~t promtasoh? not~ o/ wen dat~ l~nwtth. h~n~»aJtK dtac~tb«t. tlw nwreoooor
br 9~~. bw~enins. saUr. aIi~n~. rm~iaa. oonwya o~d oonJtrma anto t1~ nwrt~~e all tle~ cyrtaln iand
- of ~nh+cli ehe mo.egopo. tr no~u ssised and in poa,adan .teuae. en St. Lucis Cow~t~r.
Flortda vts: ~ .
TRACTS "M'~ "N"~ p0" aDd "P"~ I+~~d thd Southerly
~relv~ t12') feet of Tract 'M" ot COR~L COVB BEACH
s8CrI01~1 ONB, a subdivisiaa~ in St. Lucie -Connty,
, Florida, accordinq to the Plat thsreof aa~reoorded
1A Plat BOOk 11~ Paqe 30 "ll" aDd "S~ Of the PUIb11C -
~ Rscords of St. Lucie Couaty, Florida=
SOBJB~C't TO conditioas, restrictioaa, cov~enants; ' -
easemeat~, limitaticas, aad soning latirs of record.
T8I8 IS A P0~8]18B MOIiE? ~pa'i'GJ1Ga. •
Mortqaqee aqrees tha~ the real estate h~sreia encun~sred shall ba
released from the liea of this mortqaqe fa separate tracta aa
- above c~escribed, upo~ th~r payme~at of $65,000.00 tarard the prin-
cipal sus due on thie aartqaqe, and the aots ~acwced hereby, for
~ eacrt tract ta be releaeed. P~bOVID~D, St~IEV'Eit, that the fint ~
~ tract to be released must be either Tract 'P" or Tract "M" at the
, aptioa of -~he mortgagar, and •ub~equent tracts rslaased ~t be ~
contiquwua to the first tract so released. All paymsat~ ta?ards
priacipal, iacludiaq reqular anaual iaetalimsat~, ahall bs von-
sidered in camputinq the amount so paid so sa to entitle the .
I~lortqaqor to relsaaee. AnY P~Psy~ant~ oa this m~rtgaqe aad nota-
secured hereby ehall be applied by Mortqaqes to the aext snsuiag
annual iastallpeat due= and should the t~mount so psid for aap ra-
.lease or releaaes exceed the anount psid for th~ neut enauiaq
annual faatsl]aent, tben and ia that event, aay swas paid for
releases__over aad above the next ansufng annual iastallmsnt shall
apply to tha 8ucceedinq annual iastallmsnt or installmaats as the
same shall become dne. Al1 paymeata shail first be applied to
interest then accr~ed and ~heaoe to principal.
W _ .
q~~ The premises herein mortgaged shall include premiaes conveyed by quit
o~ claim deed froia_Navillus Development Corporation to Mortgagor which deed
is dated June 16„ 1970 and recorded July 1970 and reooc+ded under
Q~ Y Clerks' File Number / j5~ / 9 , St. Lucle Counfiy records, Mortqaqor
doe~ not warrant title to such additional premises.
, $ .
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LL ~ , • .
THIS I~iBTRtAlB~tT I$ BEI'iG RR-~800~D8D to shpN tb~ Co~at~r Ci~~'s
i Certi~icat~ of 8arttord Conaty. Co~atiaat~.in vona~eticn ritb
tht Dtotariai aakao+iladq~rnt o! this instrurAt.
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~ ~185 ~1914
; _ . . . . ~185 ~2715
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