HomeMy WebLinkAbout0250 '1'ri15 15 [i Dt~La+wa~ rivnavra~a:. ~a..r a..,..
- BALANCE DUE AT MATURITY IN 61 MONTHS
' TM~s ~Nat~uw[MT w~~ ~re~~~P w~ IS $149 ~ 209 .07. ~ '
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Ai~O1lNEt AT LAW
t~i•A HORTN ~TH 9rllllT
~OIIT PIEIIC[. ~L~1~A a1~10
23'7451 ~
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F,,.,....~.t i~.,~ 31st dar oj August A. D. 1072 br
FT. PIERCE TOYOTA, INC., a Florida--corporation
!
I~erstnajtK ralled t!N a~o?tgapor. to FLORIDA BANK AT FORT PIERGE `
~w~.tr~sJt.r c~.c~ t1?a nwrigaAe.:
(W~e~e.er wed L..a* tfe w.+ ' ~„d •~,.e~.ses•• ;r1~d~ re Mrw~ b ~W ~w~we 1wf~
~IoBea~aM
Ree
~~ota~ M~n'~ dean'!
C~
~ed~ wooraow a~/ ~ip~ d coe}wNi~: u~ ~M 1u~ "w~
~~~r I~~t for gocc~ An:1 tx~uob~t oonside~qttottt. and ajw in ecntldetoftota O( tlu appti:
gal• t~t nam~ in fltr wo!ni.~ory .wte of eoen c~ale ~rawif~. ~eret~a~ter dwcri~. tj?v eNOrfpaBor 1~t-
by grants. bargains. sell.s. a~ians. remisw. oonw7ra ar~ oo~irnu anto IIlO?fQaeN au !1w cRtaln ~
o( u~ich t~e mortgagor tt now ~ized and in posiession sltuab in St. Lucie Cw~h?•
Florida, dz:
Qx ttiti~i?~ti!i Lots 1, 2, 3, and 4 together with the East 47 feet of
o abandoned right of way adjacent on the West and all of
c~ Lots 17 and 18, Block l, as delineated upon an un-
,Y~ o~ recorded plat of DIXIELAND SUBDIVISION in the Southeast
~ 'y. of Section 27, Township 35 South, Range 40 East, as
Jcn';~'::"'; + same appears upon the Public Records of Saint Lucie
`L> c County , Florida, in Deed Book 152 , page 40 3; BEING
° ~ - ~ ~ MORE PARTICULARLY DESCRIBED AS FOLLOWS :
o Q
~ From a point on the South line of Section 27, Tawnship
Qk ~~~ii.~~yi~~~ 35 South, Range 40 East, 78.05 feet East of the Quarter
~~l o Section Corner, said point being on the East right of
~ way line for U.S. Highway No. 1, run Northerely along said
Za~ right of way line 1428.93 feet to the point of beginning;
~ thence _continue Northerly along said ri~ht of way 319.84
; Ju;.t,~~~;;~ feet; Thence run East on an angle of 88 04' as measured
'1%-'r ; from South to East 281.46 feet; thence run South on
~ ~ Q~..~ an angle of 87°13' as measured from West to So~ 160 feet;
f y~~~ . i~ thence run East on an angle of 8?°13' as measured from
North to East 150 feet; thence run South on an angle of 87°13'
Q~ d~ a as measured frgm West to South 160 feet; thence run West on
r"~ an angle of 92 47' as measured from North to Wes~t 405.27
~Qll~i~i+;~naa feet to the Point of Beginning, being the same praperty
in the deed from High and Dry, In c. dated June 2nd, 1972,
Al,y~p~ and recorded in O.R. Book 202 at page 2875 of the public
~~~~~•js records of St. Lucie County, Florida.
~ Zn the event this first mortgage and note have been paid
as set out herein the partiss herein agree to renegoiate the
e interest rate set out herein to a Heasonable rate at which time
this note and lst.mortgage will then be extended for an additional
sixty one raonths (the payment of which would continue to be on
a montnly basis and amortized over 122 month rate). In the event
the first extension runs out and this lst mortKage and note have
~ been paid as agresd the mo~tgagee agrees to renegoiste the interest
~ rate a second time to a reasonable amount at which time this note
~ and lst mortgage shall be extened a final 61 m~nth period with
~ the remaining unpaid balance to be amortized over a final 61 months.
~ It is the intention of the parties that t his indebtneds shall be
paid ove a period of approximately fifteen years.
~
~ ~ $b. o t ~ ~r~a~r oF tpa~s
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