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MORTGAGB D6ED RAMCO FORM
FROM CORPORATION TO INDIVIOUAL
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71-~~ OF 19)L /~~iq~ cj F'~
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~~~I~ c'~Ol'~'~~I~C ~CP1~ Eaecuted the 19th day of October r_
~
A. D. 1972 , by M. C. M. ENTERPRISES, INC.
a corporation existing under the laws of the State of Flerida and having
its principal place of business a+ ~Q~ St - Ll~cie ~'rpscPnt, ~~ar _~~lorida
party of the first part, hereinafter called the Mortgagor, to ~InSEPH 7_ GUERIN~ and
MADELINA ~T . GUERINO , parti~S of the second part. hereinafter called the Mortgagee. S:
! WITNES.SETH, That for divera good and valuable considerationa, and also in coneidera- ~
' tion of the aggregAte sum named in the promissory note_ of even date here~vith, hereinafter ~
described, the said Mortgagor doth gran~ bargain~ sell, alien, remise, release, convey and con-
~ fir?n unto the said Mortgagee~, the~ r --heirs and ~gsigns, in fee simple, all that certa~n
~ tract of land of which the said Mortgagor is no~v seized and possessed, and in actual possession, ~
i situate in Gt _ r.LCi e County, State o! Florida, described ss follows:
~ a
i Lots l, 2 and 7 of MODEL LAND COMPANY Subdivision in the Southwest ~
; quarter of Section 23, Township 35 South, Range 39 East, as recorded ~
~ in Plat Book 2, Page 10, St. Lucie County, Florida, public records ~
i and the East half of the Northwest quarter of the Southwest quarter
I and the East half of the West half of the Northwest quarter of the ~
~ Southwest quarter in said Section 23, Township 35 South, Range 39
~ East.
! LESS AND EXCEPTING all rights-of-way for public roads and drainage ~
; canals. ~ ~
. i .
I This is a purchase money mortgage. .
j ~
~ RELEASE CLAUSES: ~
~
~ x . ~tx~~#~~xx~~cx~c~Y~xxxxx~~~xxx~xxxxxxxxxxxx~ j
; ' ~xxxxxxxxxxxxx~xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx~x
~ xxxxxxxxxxxxxxxxxxxxx~x~axx~~nxx~k~ut~x~xx~xi~~xxxxx
~ ~arx~x~x~~ax~~x~ ~x~~~x~~a~
; xxxax~x x~~~x~xxxxx
~ ~ ~x~x~a~o~e~tx~xx~E~oe~~x~~x~~x
~~~~xxx -
~ ~~7~~~x~l~x~r~,}~X~,x~#x~tl~xiblfx xxxxx
l :8. Said releases are contingent upon the Mortgagor
~ installing a county approved road abutting on Lots
i 1 and 8, and 2 and 7 of MODEL LAND COMPANY Subdivision.
I
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~ A. The Mortgagees covenant and agree to release from =
~ ~ the lien of the mortgage no less than 1 1/4 acres
j for $2,500.00 plus interest to date of each release.
~ i No releases shall be given upon the annual principal ~
~ and interest payments unless additional sums are
~ paid in accord with the foregoing terms.
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p~e j~Q ~ This Instru~aeat Prepared By -
~ ~g ~ OCU,11~NiARY t P f. k~ Wm. Q. Anderson, lr., Attorne~?
~
+ N~f
PT. p+ R~Y~
I~ ~ P. 0. Box 2011. Dehon Buildia~
~ _-~T~~a = 9 6. 7 5 t st~, Fla. 33494
o - ~
- . q = 1~~0? `
. 60GK~O / PAGf
1848
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