HomeMy WebLinkAbout1885 YORTOAOB O[ED ~ RAMCO F011M RE6
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F_xecuted the day o/ JuIle A. D. 19 74 by
CHARLES R. O'DONOVAN, JR. and KATHERIldE O'DONOVAN, his wife
I l~erei~ioJler called the mortgagor, Io g~TRICE K. WOMBLE alld JOHN C. WOMBLE, JR. ~
her husband
hereina(te? called the mortgagee:
(K'hemer urd 6erein t6e te~+ "mort asd •'oor~saSee•• iodude all tAe P~tia a t?is iwstrume~t aad ttie Aeinj
{e~a1 rcprexnati.es aed aai m of iadi~and t?e mcces+ao asd mi[es d~a~p~~tiod; a~d the tera "wte,
include~ all t6e aotn hcrei~ ~Ecd it sore we.)
~~tnQ~e~, thae for good and valuable consideratior?s, ond nlso In rnnsidemtion oj the aggre- ~
gnte sum named in !he promissory note of even dafe herewith, hereinajter descrt6ed, tl~e mortgagor here- _
6y grants, bargains, solls, aliens, remises, eonvey~ and conjiims unto the mo?tgagee all ~hB certain land
of whicti !tie mortgagor is nou~ seizec~ and in possession siluate in St . I,UCl@ Co~~•
Florida. -
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Lots 16, 17, 18, 19, 20 and 21, Block 3. TUCKER TERRACE, as
' per plat thereof on file in Plat Book 4, Page 54, of the pub-
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~ lic records of St. Lucie County, Florida, less and excepting ~
• that portion taken for State Road right-of-way. •
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Mortgagees herein agree that they will subordinate Lots 17
and 18 to a construction mortgage from a bank, insurance
j ~ company or federal savings and loan association in an amount
' ~ not to exceed seventy-five (7596) per cent of the value of
~ 1~ the improvements to be placed on said Lots 17 and 18 by
mortgagors. Mortgage~s further agree to give a Partial Re-
lease of Mortgage on either Lots 19, 20 and 21, or Lots 16,
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17 and 18, when the principal balance of the promissory note
~ ~i secured by this mortgage has been~ reduced to Ten Thousand
~ i~ ($10,000.00} Dollars or less.
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