HomeMy WebLinkAbout1446 =j YORT6AOE OEEO Y ~ pAMCO F011M REO
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I:\PCUIMI rh~~ 27~ ~I~~y o~ F~~' t1. n. tq 74 by
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~I {u~r~incill~~r i•nllvcl fl~~ morl~~acl~r. fo ~ ,
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~ ~mZC I~V$~I, ~ND a7~.~1~T~ ~3~]$~Q,~ HI$ WI~'E ~
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II ~~er~irin(INr i~aII~~I flu~ morl{~ac~e~:
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i~ i\~'hert~~r uvd herein ~he terms "mor~Ka[~•r" anc! "mur~qa[fe" ierluJe all the putin to thu imtrumtat and lAe ~tin.
` (~¢~I repnxnuu.e• a~~d aasiqns ~nJi~~dwk, aod tA~ ~ucn.~~n and alti~tas o( twporaliom: aad t6e trrm "aotr"
includta alf the n.~~n 6t~ein dexn6ed i( mure ~haa wx.l
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~ttnesseth~ tl~at ~or c~ood an~l ~~alua6l~ consi~lerations, ancl also in consideration of tlie aggre-
qafe sum namr~~ in t{~e promissory noie o~ eren c~ate Iieretviil~. I~~rei?taJler descri6ed, fhe morlgagor tiere-
~ E~y qrnnfs. I~nr~~~ins, s~•Ils. aliens, r~mis~s, c-onnpys aricl con~irms ~ui1o !?ie mortga~ee a~l 1he certain land
o( «•tii~~i f~iP mortc~aqor i~ nou~ seiz~c~ an~ in poss~•ssion siiuaie in $t. I'LiCle Counly,
f=lori~l~. ~•iz:
i PARf'EL A: The South 200 feet of Lot 175, UNIT Tf~,
' ~VILLA GA~II~tS, aooording to the Plat
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thereof as re~orded in Plat Boobc 6, page~
i~ 62, of t1~e Public Rea~rds of St. Lucie
; County, Florida, I~SS ArID EXC~P'FIl~TG the
j; East 460 feet of the North 100 feet and
; the East 510 feet of the Soufih 100 feet of
the South 200 feet of said Lot 175, Unit 3,
~VILIA GARDF~IS, and the right-of-way for
. South Sev~enth Street .
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Provided this Mr~rt~gage is riot in defau~t,
E the rlortgagee herein agrees to subordinate
; i: this Nbrt~gage t~o a oon.structi~ loan fran
~ ~ a bona fide institutional lender.
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~ ~ Mortgagor herein agrees that if the above
~ ' c3eseribed praperty is c3evelo~~ed, Nbrt~gagor '
~ shall pay M~rt~gagee the stxn of $1, 000 .00 ~
~ - i plus accnied interest for each apartm~rit
~ when the first 20 apartments are sold or
leased. _
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THIS IS A PU%~SE NI~Y M~KIGt1C~ .
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~ ~ 224 PAGE~4~5
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