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~ y_ t=r~ «~~..1 ~ti~ ~ day oJ .~Ili~ /Vjr4Y A. D. w~2 6y
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y~~ KENNETH H. LBLLY, as Trustee
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= o~ ' hereina(fe~ ~-aII~I Il~e morfgapor, to
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~ ~ ~ ROBERT E. SHERIDAN
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hereinaJtpr called the mo~tyagee:
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I (Nfherc~er used 6enin t6e arms "mort~a~or'• a~d ••sortqsee•• i~clude all tLe parties to tW~ imwse~t aed t6e 6ein.
k~al rrprexnutivn aod auiRro of iadiv~dwb. aod t6e wcreeaeKS aad auisn o! cotporatio~s: a~d t6e tera "~ole•,
` inctudes all t6e notes 6ereie.described i( more thaa oee.)
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i~ ~~~~Q~~ that /or go«l and ualuable considerafions, and also in consideration o~ the aggre-
gate sum named in Ihe promissory note of even date herewith, hereinajte~ described, the mortgagor here-
6y granls. 6argains, sells, aliens, remises, conveys and con~irms - unto the mortgagee alI tl~e certain land
y~ oJ w{~ich t~e mortga~or is now seizccr and in possession situate in ?,St. Lueie . Couney.
j'~ori~a, t~iz: -
'I~e North 300 feet of the following described land;
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All that part of Lot 62~ lying East of Canal i~1o. 71
' and South of a Westerly extension of the North boun-
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; dary of Outlot 14, being also the South boundar~ of
Outlots 15 and I~i; Also, all thgt part of Lot 65~ lying
~ - East of Eanal No. 71, all according to SHEENS .
SURVEY of White City, in Section 4, Township 36
South, Range 40 East, as recorded in Plat Book 1,
Page 23 of the Public Records of S~ Lucie County, _
Florida.
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~ THIS IS A PURCHASE MONEY MORTGAGE.
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~ At such time as there has been paid the principal sum of
i~ $11, 000. 00 under the promissory note secured by this
mortgage, whether by pre~payment, regular annual pay-
~ - ment or a combination thereof, the mortgagee agrees
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~ to release the North 100 feet of the above described
A property from the lien of this mcZ..rtga~e. However, no ~
prepayment is allowed uncler the promissary note secured
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; by this mc~rtgage prior m January 2, 1973.
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