HomeMy WebLinkAbout0876 i~ YORTO/?O[ DE[Q ~ RAMCO'ORM QE6
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Ex~ut~l thp .2 day oj September A. n. ~q ?0 6y
PAN CARIB ENTERPRISES, INC. , a Florida corporation,
hereinaJte~ called the morfgagor, to
O. C. PETERSON and ST. LUCIE COUNTY B~INK~ as Trustees under
the Will of Flem C. Dame, deceased. "
i~ereinaJter called the mo?tgagee:
fW6erever wed Aerein ~Ae terms "oo~rt~;s~or~ and '•nori6~se~•• ieclude all t6c putia to t!'r imtn~me~t asd t?e ~cin,
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kRal rcpreuntativts aod ~m d i~BvidYab. ud tse wcceao~a aad a~i~n d coryor~tio~s: ud ~?e eer~ '•wee••
IKIYdtf ~ 1~1! plH ~ blfti. Ut%!1~ lI ~Y tb1~ OK• ~
( ~~~Q~~~ tl~at Jor good and valuable c~onsiderations, and also in considerntion o/ tke agg~e :
~I gate sum namea in i~ie pror~issory nate oJ euen date heneurit~, hereinaf
ler deac?i~, the mortgagor h~re-
6y grants, bargnins, sells, a~iens, remisea, conveys and conjirms unto the ~nortgagee nll the cwtaln land
o~ which t1~e morlgagor is now seizee~ anc~ in possession ailuate in St. Lueie (,'ounty.
F~.~da. •
Lots 6, 7, 8 and 9, and Lots 14, 15, 16, 18, 19 and the
N 2 of Lot 20 of JEFFERSON PARK SUBDIVISION, as
per plat thereof on file in Plat Book 4, at page 96, of
the public records of St. Lucie County, Florida.
THIS LS A PURCHASE MONEY MORTGAGD.
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f PARTIAL RELEASE CLAUSE: .
Mortgagees agree to release individual lots from the lien and
operation of this Mortgage upon the basis of $1, 500.00 principal
retire~inent per lot released; provided, however, the minimum
number of lots to be released at any one time shall be two (2).
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