HomeMy WebLinkAbout4257 Fr'.l~t~.t`! v .
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~i 1:-.~~~~~~~Ml rh~• 20th d~y oi October rl. 1). ~9 ~2 6y
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' Devitt J. Adams, Trustee
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"i {terPina(ler cnllecl II~~ morf~~ac~or. fa
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~ ~lisabeth M. Lrowley f
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~j ~ereinc~~fer calle~I fl~e morlyac~e~:
~ tH'Aere~tr used herein the terms ''m«tYa and "mortga~ee•. include all the par~ies a this irowment and ~Ae 6ein.
~1, k~al rep~e+tnlau~ea and assiSni o( indi~i~uats. and tAe succe...~n and assitns of corporatioa+: and the tcrm ••not~••
includn all the nutn 6crein dexribed il mure tAan one.)
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; ~~tnesseth~ f{~at ~or good and i~alua6le consi~erations, and also in consideralion o( the nggre-
gate sum named in fhe promissory note o( enen date herewith, hprPinafler descri6ed, f{?e morlgagor here-
6y granls. 6ar~~ains, s~~ls, aliens. ~emises, conveys an~l con)irms w~to ll~e mortgagee al~ !he cerlnin land
o~ u~tiic~~ ftie morl~n~or is nou~ seizec~ anc~ in possession siluafp in St. Lueie County.
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t'~ori~a, riz:
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That part of the West 858 feet of the NW'~ of the NW~ lying
~ North of Canal 71, Section 33, Township 35 South, Range 40 East,
;i St. Lucie County, Florida, LESS AND EXCEPT the Easterlv 184 feet
i thereof.
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It is understood and agreed by and between the parties hereto
fi that the said mortgagee, upon the request at any time of the
j: said mortgagor, shall relea~se from the lien and operation of
I: this mortgage the west 184 feet of the East 428 feet of the
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land hereby secured, upon pa~nnent to the mortgaqee bv the mortgagor
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nerein oi L'ne su,n oi ~iwen~y •i~nousano uoiiars w~. vu~ iij
total principle reduction.
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j; It is further understood and agreed by and between the parties
; hereto that the said mortgagee, upon the request at any time of
the said mortgagor, shall release from the lien and operation^of
` ~ ~ this mortgage the West 184 feet of the East 612 feet of the land ~
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; hereby secured, upon payment to the mortgagee by the mortgagor
i ' I~ herein of the sum of Forty Thousand Dollares ($40,000.00) in total
R principle reduction.
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; Tt is further understood and agreed by and between the parties
~ hereto that the said mortgagee, upon the request at any time of
' the said mort a or, shall release from the lien and operation of ~
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~ this mortgage a 60 foot right of way for any and all roads placed
° ~ on the property bv the mortgagor immediately upon completion of
~ said roads to countv s~ecifications and to further release such
~ j; drainage easesments as mav be required by the county and to
` further release from the lien and operation of this mor-tgage
~ i; such uti li tv ea sement s a s mav be requi red f or the i nsta l la ti ~n
of utilities.
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THIS IS A PURCHASE MONEY SECOND MORTGAGE.
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~ ,Z~ IN PAYMENT Of jAXFx
' RECE111fD C ISLE YE~~tFAI ?~.OPfR(y. f,
~F F~oR~o~>i
T~ T lt N1 r` s!, > ~ p~ ~l1~SS ~
E~ 1.13~, pCiS Of 1911. ~'I'~ i
Q C MENTARY.~~ 5 WE y;
o ~ir-T. Ui R~'~ E`
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N j CC1UR~cT~U1C~E CO.~ flA.
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