HomeMy WebLinkAbout1054 Mo~owas o~EO TMIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT w~MCO ~oRw +~se
~ ~ows to~r
OR THE BALANCE OIJE U I 2 . GETHER A CRUEO TMTEREST
1~AG
/ ~ . . ~ . .
,
44'7
~xecuted the g~ day o/ /17 A. D. 19 6y
r JAl~S 0. REVELLE and WILLIAM E. TESCHMER i JANICE H. TESCHNER, his ~+if~ i~
. ,1
~ hereina~ter callec~ /{ee ~o~tgagor, !o
j~ RICFIARD A. MOR10N snd BETTY G. MORTON, his ~rifa
~j hereinaJ~er called the mortg~ee:
~
e
~ ( When~Y~ uxd Aersia ~be urms • ud ••aeartaasec•• iacl~de al! ~is pvtia to t?is iettrree~t aad tl~e ?ei+s.
let~al reprexautiw aed ar~as ~o~f ~~a d'~m~ub~aad tAe wcceyon and ari~u ot corporatio~s; a~d t?e ur~ ~w~e••
~ iacludes all t6t wta 6enia dcacribed it aore oae. )
I~ s
~ ~l~InuC~~ that /or good and valuQble c~nnsiderations, und also in con~tde?ntion oJ the aggre-
~ gate surre r~cemecl in tlee promissory note o~ euen dute I~e~with, I~ereinaf
te~ described, the morfgagor here-
~ 6y grants. 6argains, sells, n[iens, remises, conveys and conjirms unto tl~e ~nortgogee all ihe cerlain land
o) whic~ ttie mortgagor is now seized and in possession situate in St • WC~ d County.
Florida, viz:
Parcei One
~ Lots 2 throagh 12 i~clustve, Btodc 4 REVISED PLAT OF PALM HAVEN
St~0IVi5I0N, according to tha plat theraof r~cord~d in P1at Bodc _
8 page 44 of th~ pwblic r~cords of St. Lucie Countr, Florida.
TNIS IS A SECOlq MORTGAGE
Rarcel Tw~
Lots 1 throu~ S inclusivs, Blodc 2, REVISEO PLRT OF PALM HAVEN
- SUBOIYISION, ACCORDING to ths plat th~reof-r~os~?d~d i~ P1at Book 8
~ Pags 44 of th~s public r~oords of St. Luci• County, Florids.
~ I.ESS thit parcet d~sded to St. Lucie Cou~tr, Fiorida, noordad ia
, 0. R. Book 168 at pag~ 3g6 of tha public records of St. Lucis
~ CountY, Ftor~+da.
I~ ~ ~I~ST !+~?°T~P~~
~
~ The mortgag~es ag~ee to releasa Parcel Ons froa~ the mortgage upon
I a principsi psya~a~t of 535,~00.00 by ths awrtgagors.
The mortgagees agree to release Ps~cat Twa from the aartgaga upon
a principat paywent of 510,000.00 by the aartgago~s.
~ It baing understood that tha aartgagors witt onty be entitled to tha
~ ~elease of land froa~ tha application of principal pay~ma~ts towsrd
the aartgaga and not interest pa~nts and that the ocst of pr~psration
~ of partiat ~etease instr~wents and ths recording thareof shalt bs
born by the awrtgsgors.
O tN~
~ ~ IN P'~~ ~~~,~eA~
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tf.~R 71.I34. !1~(S Of 1811~ fj~~~
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