HomeMy WebLinkAbout1171 YORTOAOE DEEO ST 11A~ilOCO FORM RE8
lONO ~OIIM ~1 ~
. 2610'73
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Fxecu~ec~ ~hA ''3 ~a,? o~ July n. n. ~9 ~3 6y
GEORGE E. MARKAKIS AND j~ANDA MARKAKIS, his wife
hereinafte~ ca~~ec~ f~e mortgagor~ fo ~
G. ALBERT BIAODWORTH AND G. F.RNEST BLOODWORTH, as Trustees under Trust Agre~n?ent
dated July 23, 1957, recorded in Deed Book 230, at ~ge 980 of the Riblic Records r
of St. Lucie County, F~orida. ~
I~ereina(te~ called the mortgagee:
(W6erevcr uxd Aerein the terms mor a~or'~ aad "mortp~ec' iwcludr all t6e pvtia to t?is imw~c~t ud tle ~e+rs, •
IeRSI npreaeautives aed m od 'ud~~duals. aed the mcceans awd atiiSus of ~oryoruioa~; ud He eer~ ••aote••
inrlude+ all ~e ootes herei~s~'~acribeJ i! more t6a~ oae.)
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~ ~hat /or good and valuable considemtions, and also in conside~tion o/ the nggre>
~ gafe sum namec/ in !~e promissory nole of eVen date herewifl~, I~eretna~te~ described. ll~e morlgagor here-
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by grants, ba?gains, sel~s, aliens, remues, con~eys and confirnu unto the mortgagee aU the certuin l~tr?
I of which the mortgagor is now seized and in possession situate in St. LuCle County.
Floritra, riz:
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Lots 17 thru 24, Block 30, SAN LUCIE PLAZA, UNIT ONE,
according to the Plat thereof, as recorded in Plat Book
5. Paqe 57, Public Records of St. Lucie County, Florida.
I THIS IS A PURCHASE MONEY FIRST MORTGAGE.
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~j Provided that this mortgage is not in default, at the option of
{ ~ the mortgaqor, lots shall be released fraa the lien of this ~
~ ~ mortgage, upon payinent to the mortgaqee of the sum of $975.00
~ for each lot to be so released, said payment to be applied to ~
` ~ the last instalLnent of principal due.
The property encumbered hereby shall be the sole security for the
! obligation secured by this mortgage, and, in the event of any
default of any of the terms hereof, it is hereby aqreed that ~
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, the mortqagors shall not be liable for any deficiency in the
~ event said property is sold at a foreclosure sale for less
t ~ than the balanoe then due on said obliqation and the costs of
~ i the foreclosure action.
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