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2:10~39
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Fx~u~~d ~sth da,? oj a. n. ~9 by
~ MARCARbT -E. McCULIAUGH and FRANK R. CAr1AN. her son,
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herei?eu~fer ca~~ec~ t~e mo?fgagor, to
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EI.IZABETH NANA ~
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f lIPfP1IlO~ler ~a~~e~ the mortgagee: j
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I~ _ (M'Atmw ~ned Aerria t6e ecries ••~orts aad ••~ort~asee•• :aclYde ap J~e p~r~ies a t?i+ i~swae~t a~d ~le 4in, i
~ ksal repee+eatati~es aad a~ m a( i~d'n' ud ~le wccemrs s~d aris~s o( cerporatio~+; aad tAe eets ••~ote•• ~
~ iaclude+ all tAe wtes Aeni~ deacrieed i( ~ owe.l
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~~t~e~~ that jor good and ~mluable consideratio~u. nnd also in conaideration oj t6e aggre-
qate sum namea in I~e promissory note o~ e~en dnte kenewitti. I~ereinujter dsscrt6ed, the mo?tgago? here-
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~ tiy grants. 6argains, se~~s, a~iens, remises. rnnveys anc~ con~irnu unto the mo?tgagee ali r~e c~fatn land
o~ wh~~h I~e mortgagor is now seizec~ nncj in posseuion ailuafe in St • Lueie County. ;
Flwida. riz:
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~ ' Lots 4 through 11, Block 3; Lots 10, 11, 12,
~2, 23 and 24, Block 4, TROPZCI+L BFACH, ~ccording
to the Plat thereo~ as recorded in Plat Book 10, ~
~ at Pasge 9 of the Public Aecorcis of St. Lucie ~
county, Florida. ~
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2i THIS IS A SBCODD MDRTGAGE. ~
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I, ~E!£ASE CLAUSE:
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Wt~REAS, the first mortgage on above described
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~ ; property to JAMES ~1. BIACIBURN and RAY V. HANIILTON
! ~ provided for a release of certain lots in said
subdivision on the basis af releasing:lots in j
Block 3 in not less thsn multiples of 2 at the
~ rate of $3,000.00 per lot, plus $500.00, for a f !
, total release payment of $6,500.00 for each 2
lots; release privileges in Blo~k 4 ta be in
multiples of 3 at the rate of $3,000:.00 per lot,
plus S500.00, for a total release paymEr.~ of
i $9,500.00 for each 3 lots; the mortgagee herein
zgrees to execute releases on lots in the sub-
j division simultaneously with the releases executed
~ by the holders of the first mortgage as provided
therein without any additional payment on this
mortgage, provided, however, ~rhen said first
mortqage is paid in full then the holder of zhis
} mortgage agrees to release the remaining lots 4
i~ ujson payn~ent of same basis as set forth in said ~
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!j f irst mortgage. ~
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o~r~ ~~.~r~ei~ roesoxu ~o~m.
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1~ PURSL'A~.1 't1 r'`~ ~
. FJG"R PGIt}:1?Y (tak Ura:t Court ~
't,; as ll~: t tr~ [`~k:~4 ~i- l4tOMVlES. fR. ~
' St t.w'.~t GOU l~ 1ax CoileCtot
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By ~ pEpUry CIERK i
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Walter ~~~vis ~
~~{TI! MENT VREPAfiED BV:
ABG~ACT Ec TITFO
T POIERGE. FLARIOA O`~~ !1/~V ~
so. s.~:K~ sr. bJUr. v~
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