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a~ ~ Executed ths .3~ day oJ April A. D. ~9 73 by
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r- c° ~ UNITED PARTNERS III. INC., a Florida corporation ~ ;
G= ~y
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~ oci ~ u corporation exi~ting under fhe ~aws o/ Florida , and hauing ita principa~ place ~j
_ ~ a?- 6usiness at '
hereinalter cn~~ f/~e mortgugor, fo SAVIN BROTHERS, INC. ~ a Connecticut COr-
poration authorized to do business in Florida, .
a oorporation existing uncjer the laws o( the $tate o~ CO~~~C~1t , wilh ifs perntanent posto~~ice
address at •
hereina~te~ called the mortgagee:
(Wherever used 6ereia ~e termt a~d ~•mortsa~ee" include all tbe parties to this iastrument and ~6e beirs.
lesal repreaeaut»es a~d asiSm ot iadi ' aod tbe ruccea+o~s aad arism ot oorporatiom; and t6e arm ••note••
iach~des all t6t eotes btrtia docribed i[ more tba4 oot. )
that jor good nnd valua6le considerations, and also in conside?ation o~ tl~e aggre-
gate sum named irt t1~e promissory note o~ even date herewitl~, ker+einn(fer descri6ed, the mortgagor here-
6y gm~ts, bargains, se~~s, a~iens, remises, conveys and con(irms unto the mortgagee a~~ the certain ~and
o~ which t~e mortgngor is now seizec~ and in possession situate in $t . Lueie ~.'ounly,
Floridn, u;z:
Lots 37, 38 and 39, of INDLISTRIAL SUBDIVISION,
as per plat thereof on file in Plat Book 9,
at paqe 5, of the public records of St. Lucie ~
County, Florida.
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~ TIiIS IS A PURCHASE MONEY MORTGAGE. ~
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Mortgagee agrees to execute a release to Mortgagor
- at any time after the payment of $20,083.33, or ~
one (1) year's payment plus interest. The first ;
. lot to be released shall be Lot 37; Lot 38 to '
be released upon additional payment of $20,083.33 ?
plus interest. It is understood that any money ~
paid for a release shall be c=edited to the next
installtaent payment . i
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