HomeMy WebLinkAbout0812 ADDENDUM TO 1~'IORTGAGE FROM MARC MASSAR
TRUSTEE A.'~1D INDIVIDUALLY, TO DOROTHY WELCH
Mortgagee shall grant partial release by instrument suitabZe for recording
with the Clerk of Circuit Court in atid for St. Lucie County, at the request of
Mortgagor, subject to the following provisions:
1. Repayment of principal in the amount of #2,460.00 for each acre requeated.
2. Release requeat ahall be in the minimum request of 20 acres .
3. The first release shall be either Lot 11 or the East one-half (E 1/2) of
Lots 9 and 10, or the West one-half (W 1/2) of Lots 9 and 10.
4. All releases after initisl release shall be contiguous .
Any prepayment or release payment shall be applied in anticipation of the
next ensuing payments due on the note which this instant purchase money
mortgage secures . Failure to request a partial release at the time repayment
of principal has been made in the amount sufficient to release a ten (10) acre
parcel shall not constitute a waiver of the partial release right.
Mortgagee shall, upon written request from Mortgagor, execute and join ih the
granting of any easements, rights of way, and dedications as may be necessary and/
or required by local, county, state or federal suthorities, and publie utility com-
panies for the purpo~e of acquiring and obtairung public utilities , sanitary and/or
storm sewer, water, gas, electric, telephone facilities, on, over, and under the
premises , and shall execute and join in any plats of subdivision so long as said
subdivision meets the requirements of the county or applicable government
authorities .
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