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HomeMy WebLinkAbout1646 ~ ~RTOAOE DEiO ;~33986 ~ RAMCO ~ORY Rtb .ONO lOAM ~ ~ ~ / I Er~ut~l thp 12th day o/ Jti.ily. A. D. t~2, by BRUCE A. RSMSBUR~G and JEGB JACKSON R~MSBURG, husband and wife, hereinaJler caIIcKJ the mortgaflo~, to CATHSRINE COLBERT 33 Guardian Of ROSE D@FINA~ Incompetent, hereinaJter rallpd the niortgagee: (N'berr~:r uxd Acrein ~Ae term~ "soc~6+IM?,• ••~tpSee'~ i~rlude all tbe parties to tlw iestruse~t a~d t6e ?ein. k[al rcprexuuti~es and aaiaw of iod'+viduah. and t!e wcces+nrs a~ assiR~s o( ro~por+tioas: asd t6e te~ 'aou•• intl~dn all the autn Aerein dexribed iI more tlun ooe.) -~~~e~~ that Jor good orid vnlua6lp cronsi~erations, nnd a~.so in consideration o~ the aggre- gnte sum named in IRe promissory nofe of even crate herewith, hereinufter clescrtbetl, tF~e morfgngor he~e- by gmnts, bargnins, se~ls, aliens, remises, conneys anc~ con~irms unto 16e mortgagee al! ~he certaln ~and of u~f~ich fhe mortgagor is now seizec~ and in possessio~ situafe in $t. Lueie County. F~ori~a. viz: T'he N 1/2 of the NE 1/4 of the NE 1/4 LESS the East 40 feet for road right-of way, and- T'he N8 1/4 of the NW 1/4 of the NE 1/4 LffiS the West 60 feet and the North 39 feet, and the Westerly 5 acres, all in Section 9, T. 35 S., R. 39 E., situate, lying and be-i.ng in St. Lucie County, Florida, being 28.30 acres in size as shown by survey ~ thereof; including all mineral rights apper- ~ ` taining to said land. ~ The mortgagee, by accepting this mortgage, agrees that i releases of 5-acre tracts may be made on payment by the mortgagors ~ of $7,500.00 for each'S acres so released. AI1 5-acre parcels so j released shall be contiguous, west to east. Principal payments I made pursuant to the promissory note which this mortgage secures ' shall apply toward_payment of each $7,500.00 for the purpose of ~ mortgagor obtaini.ng said partial releases as provided for herein. ~ Also, all partial releases obtained pursuant to the tenus hereof i by mortgagors from mortgagee shall be credited to the next payment ~ of principal due pursuant to the terms of the promissory note which this mortgage secures. ~ ~ _ _ UR~VA W c..~.`'t-A ~ t°F r 57p~P 7J` X pOCU~ENTA° ~ t xeturn to: ~ ~ = ~2~ _ ~ 4 = 3 0 ~ 5 = ~ = - ' ~ U Dtii.Oi CLr=k4E ~,,s~ ' Pg. ~ William J. Bosso ,~o~~z ~ 2428 Broadway ~ Riviera Beach, Florida ~.19 ~M~~~~' , ~ ~n~ ~ ~ ~ , ~,e` ~ ~ ~ eoox ~04 ~is~J ~ ~ ~ ~~4~' -y~ : . ~'M ,y _ ~ ~ . ~ 3~X,.~_"_ ~'F' . . .