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N1~~ I~S
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and GEORGE A. COST ,~r husband
THIS MORTGAGE DEED executed the `I day of I~ovember,
1973, by LUCILLE V. COST~ hereinafter ca e the Mortgagor, to
NEW JERSEY REALTY MORTGAGE COMPANY, a New Jersey corporation hav-
ing its principal place of business in Newark, Essex County, New
Jersey, hereafter called Mortgagee;
WITNESSETH: That for divers good and valuable considera-
tions, and also in consideration of the aggregate sum named in
the promissory note of even date herewith, hereinafter described,
the said Mortgagor does grant, bargain, sell, alien, remise,
release, convey a~d confirm unto the said Mortgagee, its successors
and assigns, in fee simple, all that certain land of which the
said Mortgagor, is now seized and possessed and in actual pos- ~
session, situate in St'. Lucie County, Florida, described as
follows: .
Lct 1-in Block 7 and the East 1C feet of vacated alley lying
~Vesterly of and adjacent thereto, CORAL COVE BEACH SECTION ONE,
according to the Plat thereof, recorded in Plat Book 11, Pages
30A and 30B, public records, St.Lucie County, Florida.
The Mortgagee agrees to release from the lien of this mortgage
each of the seven respective units in the project being construc-
ted upon said premises upon payment of the sum of Thirty-three
Thousand Three Hundred Thirty-Three Dollars ($33,333.00) of '
principal on account of each such unit which sum shall be
applied to reduction of the principal sum advanced under this
mortgage until all sums advanced together with interest thereon
have been paid in full whereupon Mortgagee will satisfy this
mortgage.
Together with all and singular the ways, easements, riparian
and other rights, tenements, hereditaments and appurtenances there-
unto belonging or in anywise appertaining, and the rents, issues,
and profits thereof, and also all the estate, right,tit2e, interest
and all claim and demand whatsoever, as well in law as in equity,
of the said Mortgagor in and to the same, and every part and -
' parcel thereof, with the appurtenances, and also all buildings,
structures and other improvements and all fixtures now on said
land or that may hereafter be erected or placed thereon.
TO HAVE AND TO HOLD the above granted and described premises
unto the said Mortgagee and its successors and assigns forever.
PROVIDED ALwAYS, and these presents are on this express
condition, that if the said Mortgagor or her heirs, legal representa-
tives or assigns shall well and truly pay unto the Morgagee, or
This mortgage has been rerecorded for the purpose of showing joinder
i in the execution thereof by George A. Costa.
r~.. - ~~-t
BOOK PAGE~ BC~h FA6E 4O~
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