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~ MO~TGAGE OEEO O~EW'S FOW f. • Mow~bdw~d owd iM w~~ 11w N. i W. W~~ G~N~t
~ IONG f0lM / hd~~~•ilq. f~wid~ i
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I:Y~•«t~1 ~h~ 16th day oJ March A. D. ~q71 6y ~
~ ROBINSON CALLEN, as Trustee ~
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I ~ereinaJtt~r ca~~e~ t+~P rreort,yagor. fo ~
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Ij PROPERTY MANAGEMENT GROUP, INC., a Florida corporation '
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II I~ereirta(ter rallPd flie mortgayc•e: . ~
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IN'I~ere~er useal herein the terau "mor~SaRw" aod "morttaSee~' incluck all ~be puties to this iaswme~t and tbe 6ein.
kual nprcxntau~es and assiRm o( individuals. aod tbe auccew~ra and auism ot co~poratiom; and the term "eote"
~i irKludes ill the autes dertin drscriEeJ i( more than one.l
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I`! Iha1 Jor ~~ood ~nd ~~Qi~~a61p considerations, and nlso in considemtion o~ the aggre-
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gale sum named •n 1{~~ promisso~y note o~ enen date herewil{~, hereinafter descri6ed, fhe mortgagor here-
6y granls, bar,yains, 'sells. aliens, remises, conveys and con~irnu uneo tbe mortgagee all thp cerfnin lnnd
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of u~tiic~ t{~e morf,ya~ur is nou~ s~izec~ nric~ in possession situate in $t . Lueie Counfy,
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~'~orit~a. i~iz:
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All that part of the South 500 feet (as measured along the ~
right of way of State Road A-1-A) of Government Lot 2, Section
12, Township 37 South, Range 41 East, lying Easterly of said I
State Road A-1-A; LESS and EXCEPT all that part conveyed to ~
l; Landmark Villas, Inc., a Florida corporation, by Warranty Deeds
~ recorded in Official Records Book 182, Page 1395 and Official ~
I; Records Book 187, Page 2792 of the public records of St. Lucie
i County, Florida
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THIS IS A SECOND MORTGAGE and is subsequent and inferior to
that certain First Mortgage to Philip Weiner, as Trustee, dated
December 23, 1968, and recorded in Official Records Book 174,
i Page 209, St. Lucie County, Florida, public records.
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PARTIAL RELEASE CLAUSE ~
~ The Mortgagee, its successors or assigns will ~nake, execute and ,
~ deliver partial releases of this Mortgage to the_Mortgagor, his i
; heirs or assigns, as follows: ~
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~ 1. Al1 releases shall begin at the South end of the property and ~
£ ~ shaIl run from the waters of the Atlantic Ocean to the Westerly I
r property boundary and shall be contiguous.
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~ 2. No reZease shall be granted for a parcel having a width as
~ measured from North to South of less than 25 feet. ~
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' ~ 3. The Mortgagor shall pay to the Mortgagee the sum of Four
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~ i Hundred Fifty ($450.00) Dollars per front foot for each foot of
~ frontage released, as measured from South to North.
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~ 4. All payments for partial releases shall be applied to the ;
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" last payments of principal becoming due under this Mortgage. ;
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~ ' 5. There shall be no lands releases with regular payments of
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~GJISS "C' IifiANGli1.E
_ ~ . ~y TO C111~IER T012~. AiC7'= ~ iMl. ~ i
- j' . • . - . - , . ~ ~OG~R PoITRAS, Cleri~ I~w~ ~
; s-_.: _ . ~ . . , ~~~Y~ as keM b? QMIIE[ N. KMOMILES, 1R {
~ ;~:,.~r, -i y St Lucie Count~r Tu Col ~ ~
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