HomeMy WebLinkAbout0852 MOtTGAGf OEEO RAMCO FORM ~2?a tG / 2
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Ex~«<ed ~6e 4th dny oJ June A. D. ~q ~3Ly
B.D.B. DEVELOPMENT CORP.
a corporation existing uncrer the ~ws oj Florida . and ha~~ing its principa~ p~ace oJ
6usiness a~ 4551 Ponce DeLeon Blvd. , Coral Gables
~ereina~fer CQIIPII IIIQ mortpagor, fo Robinson Callen, Trustee ~
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h~reina~fer ca~~etj ff~e morfpaf~ee:
(N'6ere~tr used hertin t6e terms "mortRa~ot" and `'mottearte" iuclude all t6r putin to this imtrumenl and tbt Aein.
ktal reyresenuti~es and assitna ot ieJividuais. aad the ~ucceswn and i+siKm o( corpe.ra~ium: and t6e term "note•,
inaludes all t6e nutes 6~rein dacribed it morc ~Aar. ont.j
! ~itnesseth fhaf or
~ ~ ~ floo~I an~ vnluable consideralions, and also in consi~leralion oJ Ih~ aygre-
~ gaf~ sum namecl in Ihe promissory nofe o~ e~1en ~afe Iiereti~ill~, {~ereinafler c~escriticc~, f~~P morlgac~or ~~ere-
~ ~~y gmnts, ~or~~ains, sn~~s, a~iens, rnmises, conneys an~. con~irms unto 1{~e morfga~PP n~~ 1~~~ cerfain
~ o~ iu~~ic~i t~~e ??~orfgac~or is nou~ seizec~ an~ in possession situafp in St . Luc i e ~~ounfy.
~ f'~ori~~a. viz:
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; See Schedule "A" attached hereto and made a part hereof.
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i This is a Second Mortgage and is subsequent and inferior
! to that certain first mortgage given by B.D.B. Development Corp.,
to Housing Investment Corporation of Florida, dated
and recorded in 0. R. Book S Page fS/ 7 , Publ ic Records of
i St. Lucie County, Florida.
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! PARTIAL RELEASE CLAUSE
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~ ~ The Mortgagee, his heirs or assigns will make, execute and deliver
~ j partial releases of this mortgage to the Mortgagor, its successors
~ or assigns, as follows:
~ 1) The Mortgagor shall pay to the Mortgagee the sum of ~3000.00
; per unit for each apartment unit constructed and sold by the
~ hiortgagor .
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