HomeMy WebLinkAbout0721 5. To pe~mit, cnmm.it or sujj"cr no tc~astP, impai~ment n~ dPtPri~~rati~~n uj said
property or any part thereoj.
6. To perjorm, co~nply with and abide b~ eaclr and every the atipulationa~
a~reenienta, conditiona and covenanta in~ aaid pronaissory note and in this deed •et
Jorth
y. IJ an~ oj aaid auma oJ m.oneH hrrein reJerred to be not promptly und /ully
patd within thirty daya next ajte~ the ~ants ae~~erally be~ome duP and
payable, or lj eac.h and every the itiptc~ationa, ajreementa, conditlona u~ul coi~enanta
~nia s~rns»so~nsni »ifto n»/~ I~ti I~ARt~ n) RL~~1.P.1_ QTP. 1l.Ot l~lLlU nertv»ncd. COI)~nlied
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with and abi~led bU. the aaid ajgre~atP aum mentioned in auid pr~~mi~a~?rH n~~tP ahall
be~ome due and payable jorthtu~th or thereaJter at the t~ptinr~. nj thp .Mortjoj~e.
aca fu~l anc~. ~ompletel~ aa if the aaid a~~repate aum of ~o Hundred Sixty
~housand Do~lar~ waa ora~inally 8tipcclated to be pa~ on 8uch day,
anythin~ in said prorriissory note or herein to the contrary notwitlr~tandin~.
8. The lien of this purchase money mortgage shall be sub-
ordinate to the lien of that certain mortgage in the principal
amount of $450,000 between the Mortgagor and ~he Second National
Bank of North Miami, recorded in O. R. Book Z~ at page t~35
of the Public Records of St. Lucie County, Florida. The Mortgagee
agrees to subordinate the lien of this mortgage to another insti-
tutional mortgage for purposes of development of the property,
- ri£3ET3~sr~i t~~~ ~hQ ~r4r~~'g~ 32! ~?~vnr t~f St~r~nnt~ T~~fi[)11~1 Aank
of North Miami is satisfied.
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In ~ltIlC88 ~7iereof~ The 8aid ~~Iortga~or hereunto aeta hia hand ctnd
' .eal flee dai and year f'irst aLot~e u~ritlen.
t 5' ed elivered in ~ewrnce of: B~C CLUB DEVELOPMENT CORP . ~
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€ By: ~ •
~ d Miguel Recarey Jr. , sz
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~ ` ~ aV„ 'Q' =
~ Attest: ~
Miguel carey, Secr ~~t.. ` ~
' 'sv~,.~,`~ '
Siate of Florida, ~
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~ Countr of Dade .
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~ I, an of~'l~er authorizeci to ta~e ac~nowled~m.ent4 ~ deedq aceordinQ tn the
lar~~s oj the .State oj Florida, duly qualified and aetin~, H~REBY CERTIFY that ~
~ Miguel Recarey Jr. and Miguel Recarey to me known to be the ~
president and secretary of BEACH CLUB DEVELOPMENT CORP.
sx' to me personally known, thia day acknowledQed bejore rrte that
executed the jorePoind mort~a~e, and I FURTHER CERTIFY. that I know the ~bid' Y` _
person makin~ Aaid acknowledFment to be the individual deae~ibe~l ~~~t1nd~.
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who exe~uted the said mortda~e. .t _
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IN WITNE99 WH~REOF, I her~unto •et y hand a ~i.ul iep~ ~•:.s:~ ~
~ iaid Count a 3ta ,~t~ TH = j'~ 1
~'ay vr September , .fl. D. 19 '73 Q~
~ ~ • Xotary Pub o b? ?3 ~ ~ =t ~
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JKy Co~nm~•ion Bkptsst . 1 ~ , .J• : :
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.~J711R1( PUBUC, STAfE d flOR10A at LAR6E
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7~ MYCOMMIS:;~~rl c:: .'S 'U'~. 21. 1974 :
r~ OOK PAGF RONDEO THROUGH fRE~ W. DIFSIE~HOR~'
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