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ASSIGNMENT OF MORTGAGES
KNOW ALL MEN BY THESE PRESENTS that SUN BANK OF ST. LUCIE
COUNTY, formerly St. Lucie County Bank, a Florida banking corpora-
tion, as party of the first part, in consideration of the sum of
Ten Dollars ($10.00) and other valuable considerations, received
from or on behalf of CITIZENS FEDERAL SAVINGS AND LOAN ASSOCIATION
OF ST. LUCIE COUNTY, a corporation organized and existing under
the laws of the United States of America, as party of the second
part, at or before the ensealing and delivery of these presents,
the receipt whereof is hereby acknowledged, does hereby grant,
bargain, sell, assign, transfer and set over unto the said party
of the second part that certain first mortgage bearing date the
23rd day of February, 1973, made by Gulf-Atlantic Investments of
Fort Pierce, Inc., a Florida corporation, in favor of St. Lucie
County Bank, now Sun Bank of St. Lucie County, and recorded in
O.R. Book 211, page 914 of the pub]ic records of St. Lucie County,
Florida, and that certain second mortgage bearing date the 28th
day of March, 1974, made by Gulf-Atlantic Invest'ments of Fort
Pierce, Inc., a Florida corporation, in favor of Sun Bank of
St. Lucie County, recorded in O.R. Book 225, page 1392 of the
public records of St. Lucie County, Florida, both said mortgages
encumbering the following described piece or parcel of land
situate and being in St. Lucie County, Florida, to wit:
Beginning at the NW corner of the SW 1/4 of the SW 1/4 of
Section 15, Township 35 South, Range ~0 East, run thence Eastzrly
along the South 1/4 - 1/4 Section line to a point on the East
right of way of Oleander Avenue (State Road S-605); thence
run South 00°26'26" East along.the said East right of way
of Oleander Avenue 793.67 feet to a point; thence run South ~
89°42'43" East a distance of 260.02 feet to a point; thence
run North 24°42'32" West a distance of 123 feet to the point
of beginning; from said point of beginning continue North
24°42'37" West a distance of 120 feet to a point; thence run
' North 65°17'23" East a distance of 154.01 feet; thence run
i South 24°42'37" East a distance of 120 feet to a point; thence ~
f run South 65°17'23" West a distance of 154.01 feet to the
~ point of beginning.
° TOGETHER WITH a fifteen-foot easement for ingress and egress
~ lying Southerly and Westerly, respectively, and adjoining
the following described lines and as measured at right angles
to said lines :
Begin at a point on the East right of way of Oleander
Boulevard 400 feet North of the intersection of the East
right of way of Oleander Boulevard and the North right of
way of Virginia Avenue. From said point of beginning
run South 89°42'43" East a distance of 275.02 feet to a
poir.t (terminus of Line No. 1). From said point (terminus
of Line No. 1) run North 24°42'32" West a distance of
123.0 feet to a point (terminus of Line No. 2).
Together with the notes or obligations described in said first
and second mortgages, without recourse, and the moneys due and to
become due thereon, with interest as therein specified from the
date hereof.
7N!S INSTRUtAENT PREPARED BY:
Frank H. Fee, Esquire~ Of FEE, PARKER & FEE, P. A.
A ATTORNEYS AT LAW
Fee, Parker & Fee~ P. fL POBT OFFICE BOX f000
First Federal Bwiding FORT PIERCE. FLORIDA 83460 ~ Q~~~ ~ '
- Fort Pierce, florida 33454 TE"."°"~'~' .~'-~Z° BOOK PACE 1 25
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