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Ex~.ad tl~. ~ y day oJ riay A. D. ~974 6r
CONCRETE MODULAR SYSTEMS, INC., ~
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n oornorutton existing under tI?e jawa oj Florida , w~d ha~i~ ta ~t.~c~xit place oJ ?
t
bu.ine,s ot R
h.r~tnaJe.r c~iled ek. mort9aAo., eo WARD PEEK and QUENTIN COOPER, as tenants in _
com~non, each having and undivided one-half ;
interest in the property described below, ~
~uhose po.to~rtcs addreu ia ~ Florida ~
S00 Gardenia Lane, Vero Beacl,
h.rei.~u/ee. caUod rhe moregage.: ~
(W?seerer u~sd ~ese~ Hc ~err "~o~t~¢o~" a~d ~tpiee•• ~nci~de all t~e ~rtia to ~ i~svaoe~e aed t~c Seirs.
kp1 rep~aewawes aad ot ud~r~du~lb ud the ~euMOn a~d aniam ot carpor~dws: asd tbe term •'wote••
iacbda ~ t`s ~ooes 6eaiu~ i[ ao~e dw o~e. )
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I ~~i{~1~~ tkat /or good and valun6le considemtions, nnd also in consider~ation o/ the aggre-
~ gate sum named in tke promissory note o/ even date I~erewith, hereinnJter described, tl~e mortgago~ kere-
by 9.n,~~, bw+guina, seUa, uliena, remises, conveys and con/irms unto the mort8agee al! the certain lnnd
St . Lucie Co~..~e
of w~ic~ the mortgagor is now seizetl anc~ in possession situate in Y•
FloRda. Being three two-story apartment buildings now under
construction and nearing completing on lands described as follows:
AREA NO 3
Commencing at the intersection of the North right of way of
Ixoria Avenue and the West right-of-way of U.S. Highway No 1, Said
point of intersection lying 7 ft west of the S.E. corner of Lot 44
of Maravilla Gardens, Unit One, as recorded in P. B. 6, page 55 of t e
St. Lucie County, Florida records, run West along the South line of
Said Lot 44 627.34 ft to the Point of Beginning.
From the P.O.B. continue West 123.0 ft to a point; thence
run North 129.5 ft to a point on the North line of said Lot 44;
thence run East along said North Lot line 123.0 ft to a point;
thence run South 129.5 ft to the P.O.B. Subject to an access easemen ~
~ for Ingress and Egress purposes over the East and West 12 ft.
~ This tract contains 0.366 Acres. ~
AREA NO 4
Commencing at the intersection of the North right-of-way of
Ixoria Avenue and the West right-of-way of U. S. Highway IJo. 1, Said
~ point of intersection lying 7 feet west of the S.E. corner of I.ot 44
of Maravilla Gardens, Unit One, as recorded in P. B. 6, page 55 of t e
St. Lucie County, Florida records; run West along the South line of
i Said Lot 44 750.34 ft to the Point of Beginning.
~ From the P.O.B. continue West 125.5 ft to a point; thence run
North 129.5 ft to a point on the North line of Said Lot 44; thence
run East along said North Lot line 125.5 ft to a point; thence run
South 129.5 ft to the P.O.B. Subject to'an access Easement for Ingr ss
- and Egress purposes over the East and West 12.
This tract contains 0.373 acres.
AREA NO 5
Commencing at the Sout west corner of Lot 44, of Maravilla Gar- f
dens, Unit One, as recorded in P. B. 6, page 55 of the St. Lucie '
County, Florida records, said point being the Point of Beginning.
From the P.O.B. run i1 1° 14' 40" E a distance of 129.53 ft alon
the West line of Said Lot 44 to a point on the North line of said lo
44; thence run East along Said North Lot Line 140.39 ft to a point;
thence run South 129.5 ft to a point on the South line of Said Lot
44; thence run West along the South line of said Lot 44 143.20 ft to
~ the P.O.B. Subject to an access easement for Ingress and Egress
~ purposes over the East 12 ft. This tract contains 0.422 acres.
THIS IS A THIRD MORTGAGE SUBJECT TO AND INFERIOR TO A FIRST
MORTGAGE HELD BY SUN BANK OF ST. LUCIE IN AMOUNT OF $150,000.00
AND A SECOND MORTGAGE HELD BY WARD PEEK AND QUENTIN COOPER IN THE
AMOUNT OF $30,000.00
~ ~ STAT E ~F F LO R~
D ~ ~ - R~,vm ~n.
DOCUMENTARY,~'- ;;~,STkM tl~a ~ DUE ot1 C1ASS'~' p,~r 71•13t. AC~s ~~1.
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