HomeMy WebLinkAbout1162 I YOATOAOE DEEO •,L ~/~L' ~ RAMCO rORM Ri0 ~
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Fxpc~~~~[ ~hP ~?tr doy ol A. D. ~St13 6y
F~?BEE PRCOUCE QO.
hereina~ter called the mortgagor, la
G. ALBERT BIAODWORCH and G. ERI~9T BLOODWORPH, as Trustees under Trust ~
Agreement dated July 23, 1957, recorded in Deed Hook 230, Page 480, of the
~ Public Iaecords, St. Lucie Oounty, Florida.
~
hereinaJter cal[ec! the mor19a9ee:
(N'~emer uxd benis the terms "mottsaso+•• and ••matSaace" iactude all tAe yarties a tAi~ imtrume~t asd t6e hein~
, lexal repre+rnutives and aai6m o( iadi~iduals, and t6e wcccaas and misn of corpor~tio~; aad tbe arm "sote'
iacludes all tbe outes Serein druriEed i( mae thae oee.)
I - ~~tnQ~e~~ thaf (or good and valuable c~nnsidera~ions, and also in conside~ntion o~ the aggre>
~ gate. sum namec~ in Ihe promissory nole oJ even c~ale herewith, tiereina(ter clesc?Ibec~, if~e morfgagor here-
~ 6y gmnts, 6argains, sells. aliens, remises, eonveys and conjirms unto the mortgagee all the certotn Innd
o~ w~ich t{~e morlgapor is now seizec~ and in possession silunte in $t. LuCie County,
~ Florida. riz:
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I Lots 1 throuqh 36 inclusive, Block 40, SAN LUCIE PLAZA,
~ UAIIT ONE, as per plat thereof, as recorded in Plat Book
~ 5, Page 57, of the Public Records of St. Lucie Gbunty,
Florida. ~
THIS IS A Pt1Ii~~SE l~lONEY FIRST MOR'1'GAGE.
I
I~ Provided that this ~cortgage, is not in default, at the option of the
f~ mortgagor, lots shall be released from the lien of this mortgage,
upon payment to the mortgaqee of the sum of $750.00 for each lot to
be so released, said payment to be applied to the last installment
- ~ of principal due. t~
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The property encumbered hereby shall be the sole security for the ~
( obligation secured by this mortgage, and, in the event of any default
j ; of any of the terms hereof, it is hereby agreed that the mortgagors
i ~i shall not be liable for any deficiency in the event said property is
( 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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