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MORTOAOE DEEO RAMCO FONM 1lE6 3
~ lONO FORY ST~ZS ~O7S ~d /
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EYP~urMl ~h~ day o/ aeti~ //l~t~ , A. D. t9 73 6y t~
~ MICHAEL K. FOSTIK AND AGATHA M.FOSTIK, his wife '
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hereina(ter caUed Ihe mortgagor, fo
G. ALBERT BIAOOWORTH AND G. ERNEST BLOODWORTH, as Trustees under Trust Agreement
dated July 23, 1957, recorded in Deed Book 230, at Paqe 480 of the Public Records
of St. Lucie County, Florida,
hereinaJler called fhe mortgagee:
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IWks~ear Wai Lerein tLe uima ••mor~or'• anc •~mortsasce•• include al! ~Le partin w tlm in+trument aod t6e kan ~
kial reprexnuti.es aad aai n o( i~diriduah. and tbe wcceawxs aad a+aisn ot carporatiom: aad t6e urm 'aote'j
includes all tl~e aotes 6erein ~bed i( more t6an oae.)
~~t~se~!`~ that (or good and valr~a6le conside~tions, and also In considerntion oj t{?e a98re-
~ gate siim nnme~ i~ 1{~e promissory note o~ ei~en date herewiih. ?~ereina~ler descrt6ed, f~e niortgagor ~ere-
` 6y grants. 6a?gains, sells, aliens, remiies, conveys and conji~ms unlo tl~e mortgagee all the certain Iand
~I o~ ~h~~h t{~e mortgagor is now seizec~ anc~ in possession situate in St. Lucie County,
l~ I'~orida. viz:
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~ Lots 17 thru 22, Block 15-B, SAN LUCIE PLAZA, UNIT
ONE, according to the Plat thereof, as recorded in ~
f Plat Book 5, Paqe 57, Public Records of St. Lucie
County, Florida.
~ THIS IS A PURCHASE MONEY FIRST MORTGAGE.
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Provided that this mortgage is not in default, at the option of `
the mortgaqor, lots shall be relcased fran the lien of this ~
mortgaqe, upon pa}aaent to the mortgagee of the sum of $975.00
' i; for each lot to be so released, said payment to be apolied
( 'd
to the last insta2lment of principal due.
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i j The property encumbered hereby shall be the sole security for
; the obliqation secured by this mortqage, and, in the event of
~ ' any default of any of the terms hereof, it is hereby agreed ~
! j that the mortqagors shall not be liable for any deficiency in ;
6 ~ s
~ ~i the event said property is sold at a foreclosure sale for less ;
~ I~ than the balance then due on said obliqation and the costs of ~
~ the foreciosure action. ~
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N STA E aF FL~.7RIDA ~ ~
o= DOCUMENTARY/,.-:~
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° UEPi. UF REYEM1fE
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