HomeMy WebLinkAbout2484 ~I KJ~O?+6a0 MEEO ` RAMCO FORM pE6
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~ E:rp~ur~l ~h~• ,2 _ day o~ October A. D. t9 72 6y
1j THOMAS J. PHILLZPS and MARY LOU PHILLIPS, his wife, and
~i JAMES W. LAW and ANN R. LAW, his wife,
herei?iaJl~r callc~d the mortfla~or, to NiEADY M. BRYAN and CHARLES J. HUBBARD and
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FRANCES B. HUBBARD, his wife,
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;j hereinu~ter called the morlflagee:
` I INilKrcver uxd 6erein the terun "mortSasw" and "mor~tasee" iaclude aU ~he puties to t6n instrument asd the ?cin,
k[al ~epfexnut~~a and assism of iadi~iduab. and tlu succe~+nn and utitas u( caporatiom: aod t6e term "~ote••
t includn all t6e nutes 6er~in dncnEcd it more t6aa one.)
' ~~tnQ~e~~ that Jor fload and raluable c~onsiderations, and also in rnnsideration o/ the aggre-
~ gnte sum named i?i Ihe promissory note o( even dnte 6erewit{~. hereinaf ter crescribed, tl~e morlgagor kerP-
6y flrants. 6aryains, se~ls, aliens, remises, conveys anc~ confirms unto the mortgagee a~l the certatn lanc~
Ij oJ w~ich the mortgaflor is now seizec~ and in possession siluate in $t . Lueie ~.'ounfy.
F~oricla. viz: -
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Parcel l:
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~ Lot 66 of Sheen's Map of WHITE CITY in Section 4, Town-
~ ship 36 South, kange 40 East, as recorded in Plat Book
~ 1, page 23, of the public records of St. Lucie County,
~ Florida.
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f Parcel 2:
` Beginning at a point 688 feet South of the NW corner of
` the SW~ of the SW4 of Section 4, Township 36 South, Range
~ 40 East, run thence South 388 feet; thence Easttn St.
Lucie River; thence nottherly along channel of said river ~
i to a point directly East of the place of beginning; thence ~
~ ~ West to place of beginning. Said land lying and being in
, ~ St. Lucie County, Florida.
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E~;~ o ~ THIS IS A PURCHASE MONEY FIRST MORTGAGE. .
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r-- ~ MORTGAGEES HEREIN AGREE THAT MORTGAGORS SHALL HAVE THE
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~{i RIGHT TO RECEIVE A PARTIAL RELEASE OF THE SOUTHERLY HALF
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OF THE TRACT OF LAND COMPOSED OF THE TWO ABOVE MENTIONED
PARCELS OF I,~*TD WHEN THE PRINCIPAL BALANCE OF THIS MORT-
GAGE HAS BEEN REDUCED TO AT LEAST $18,750.00, WITH
i MORTGAGORS PROVIDING A SURVEY AT THEIR COST OF THE
E SOUTHERLY HALF SOUGHT TO BE RELE~~ED, WHI(gi HALF SHALL
~ BE SURVEYED IN SUCH A WAY AS TO GI`lE DUE CONSIDERATION
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j~ TO ROAD FRONTAGE AND WATER FRONTAGE IN CALCULATING SAID
`i HALF SO THAT THE REMAINING HALF NOT RELEASED WILL BE
I' EQUAL TO OR OF GREATER VALUE THAN THE HALF TO BE RELEASED.
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f ~ o 0
Ii~E1Ytn IN PAYMENT OF TJI~Q
Ot~ ON Cl/1S3'C' INTAlfCIdlE ~ERSOt1Al PNOrERFY,
; PURSlJAI(1' ~0 GiAPTER 71•13t, 11CfS OF' 1!)1.~ ~ ~ ~
i IiO~ER P'OITRA3 - ~
CtFlK ClIICUR ODUIMf~ sT. WCIE 00., f!A
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. $~QK207 ~~248~3
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