HomeMy WebLinkAbout2483 ~ ~~3315 ~ ~
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I Frp~~,tM! thp 6th ~Qy o/ December _ A. D. ~972 by
` RAY LEIN and JOAN S. LEIN, his wife,
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i~ hereina~~er cal~ed the mo?t~a~nr, to G. ALBERT BLOODWORTH and G. ERNTST
BLOODWORTH, as surviving Trustees under Agreement dated July 23, 1957,
1~ recorded in Deed Book 230, page 480, public records of St. Lucie County, Florid
with mailing address of:c/o Cherokee Product~ Co. Haddock, Georgia,
li hereina(ler called the mort~agee:
1 Wleemer 4fld I1lRip ~he terms "mort~a~oi ' and "mwtRasee" include aU ?6e partia w t6in imwme~t asd t?e 6ein,
~ ktal npres~nuti~a and auitm ot individuah asd tbe wccessc.n aad usiRns o( corporatio~s: a~d t?e urm ••wte••
i includn aU the oute~a Aerci~ drscriEed i( more i6ae ooe. )
; ~~~~e~~ tl~nt /or good and valua6le considerations, and also in consideralion o/ the aggre,
~ gate sum namec~ in Ihe promissory note o~ euen c~ate ~erewilh, hereinaJter c~escribed, f~e jnortgagor ~ere-
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~ 6y granls, 6argains, sells, aliens, remises, conueys nnd con/irms unto the mo?tgagee a~l the ce?tain land
o~ whicti the morlflngor is nou~ spizec~ anc~ i~ possession sifunte in $t. T..UC1@ County.
; t'~ori~a. viz:
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Lots 1 through 22, both inclusive, Block 51;
~ Lots 1 through 19, both inclusive, Block 52, and
~ Lots 1 through 5, both inclusive of Block 1-B;
I afl in SAN LUCIE PLAZA, UNIT ONE, as per plat
} thereof on file in Plat Book 5, page 57, public re-
~I cords of S t. Lucie County, Florida.
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i~ PARTIAL RELEASE CLAUSE:
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' ~ It is agreed that so long as mortgagor is not in default under the
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~ terms and covenants of this mortgage or of the promissory note
; ~ secured thereby, mortgagor shall be entitled to have released
j from the lien and operation hereof individual lots in units of not i
; less than eight (8) lots per release, upon a principal retirement
~I of $562. 50 per lot released. All partial releases shall be pre-
j! pared at the expense of mortgagor. Each payment for partial
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; releases shall be applied to the then next e nsuing installment due
~ under the promissory note secured hereby.
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~ ~ J {N PAYMENT af TAI~
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ON~ llb3 ~C 1lfTANGtdt~ rER90Mk
~ ~~1 ~~R 11•I34. IICTS OF 1!)l.
1lOGER POiTRIIS
~ l; St. WC~E 00, FIJ~
~ C~ERK C~NCUR COUR~.
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