HomeMy WebLinkAbout0476 ~I YORTOAOE DEEO 11AMC0 F011M RE6
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2584'76
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z,C aa,, o~~ n. n. ~q73 by
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JOHN EASTHAM, as Trustee
hereinaJler called the mortgagor, fo
! G. ALBBRT BLOODWORTH AND G. BRNEST BI.OODWORTH, as Trusteee under Trust Agreement
dated July 23, 195~, recorded in Deed Book 230, Page 480 of the Public Records
of St. Lucie County, Florida. ;
j ~~ereinaJlP~ CAIIP~ I~P 1qOrI(JQAPP: -
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i IN'hem~r uxd herein IAe teraa "morlsagor" aa~ "morttaKK" inrlude aU t6e putits to teis iastrume~t aad t6t ~in,
i' Ictal reprex~~u~i~es and assi4ns ot iadiciduah. and tl+e wcce?wKS and uti~m c«poratioas: aad ~6e term "aute"
" inciudn all ~hc m.tes 6erein drscriEed it mwe tbaa one.)
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~~tn~e~~ that for good and valua6le c~onsiderations, and a~so in consideration of the nggre-
yafe sum namecr in I~e promissory note of eoen dale {~ereu~ilF~, I~Preinafler descrt6ed, f{~e mortgagor ~ere-
; 6y ~ranls, bar,yains, s~lls, a~iens, remises, conueys anc~ con(irms unto ihe mortgagee all tF~e cerlain ~and
oJ u+hic{~ the mortgapor is now seized an~ in possession situate in $t. Lucie County.
f'~ori~a. niz:
Lots 6 through 17, inclusive, Block 11, SAN LUCIB PLAZA,
UNIT ONB, as per plat~thereof, as recorded in the Plat
Book 5, Page 57 of the Public Records of St. Lucie County,
~i Florida.
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j~ THIS IS A PURCHASE MONEY FIItST MORTGAGB.
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Provided that this w~ortgage is not in default, at the option
of the mortgagor, lots shall be released from the lien of
` this mortgage, upon payment to the mortgagee of the sum of .
!i $850.00 for each lot to be so released, said payment to
I; be applied to the last installment of principal due.
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; The property encwnbered hereby shall be the sole security for the
i fl obligation secured by this mortgage, and, in the event of any default :
~ of any of the terms hereof, it is hereby agreed that the mortgagors
~ shall not be liable for any deficiency in the event said property is
~ !i sold at a foreclosure sale for less than the balance then due on said
= ;i obligation and the costs of the foreclosure action.
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