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HomeMy WebLinkAbout0195 rORTOAOt D<<O `d RAMCO /OI~M 11t• ~ ~ LOMS IOIIY . ~ J / • _ . _.i~~~~~_~ t Executed ~he 4th day o) September A. D. t9 74 6y ERSKINE CONTRACTING CORP an Ohio corporation ~PreinaJler cnlled !he morlgagor, fo _ ~ M. R. NELSON, Trustee, P. O. Box 598, Stuart, Florida,~33494 hereina~ter called !he morlgagep: , (VYAemer wed Aereia t4e teras "eatsa~or~ ~d ••~k~sK • iaclude a11 ~Le ~rtia te ~?i e~aw~~t ud tLe I~sin~ ' kss~ KPre+ennti~ea asd ari~as ~d~ ~isdi~-duah, tad the ~ccasas aad aawRtl ud die te~ 'wMC~ ierlude+ all tAe wotes Aerei~ de~cribed it mae t6~w oae-) ~`tn~e~~ tl~at jor good and va1~~61~ coruiderations, and also t~ co?~.+iderolion oj the aggr~e- gate sum named in the p?omissory note o~ euen clate herewitti. herefna(ter desct~i~, f~e mo?tgagor hero- by grants. 6a?gains. sells, aliens, rem~ses, conveys and eonjirnu unto tf~e ~ortgagee ali ~6. certein land ~ of whic{~ the mortgaflor Is now seizec~ and in possession situate in .Si. Lueie County. j F~oric~a. ~~iz: ~ ( t The South one-half (S 1/2) of the South Six Hundred Ninety-One (691) feet of Sections 34 and 35, Township 36 South, Range 41 East. SUBJECT TO riqht of way for State Road A-1-A . ~ s THIS IS A PURCHASE MONEY MORTGAGE oovering the above-described property, subject to a first mortgage held by J. Burr Bartram covering the North one-half ` I~ (N 1/2) of the subject land and recorded in Official Record~ Book 213, page 1685, ' public reoords of St. Lucie County, Florida, and further subiect to a first mortgage ' ~ held by Joseph Willian? Boswell and Mary Holbrook'~Boswell, husband and wife, ~ i cover~ng the South one-half (S 1/2) of the subject land and recorded in Official ` Records Book 213, Page 1689, public records of St. Lucie County, Florida. ~ ~ i ~ Any default with respect to the performance of any of the terms set forth in either ~ first mortgages shall be deemed as a default under this Purchase Money Mortgage, ~ and the holder hereof-reserves the right to aceelerate the unpaid balance of princi- ~ pal and accrued interest hereunder and forthwith take such steps as may be deemed _ ~ ~ necessary in.order to protect their interest hereunder in the event of such default. ~ i The holder hereof reserves the right to make such payments as may be necessary ~ i• to cure any default or nonpayment under either first mortgage and forthwith accelerate this mortqage and note securing same : Any amount so paid to cure such default shall be added to this mortgage and the payment shall be secured thereby . iQ~:~ ~ (SEE RIDER RELATIVE TO RELEASE PROVISIONS) f0~-~ ~ . ~ i~~ ~ ~ _ ~ [~4 r„ ~ ~J~~".~.. ~ • C u~ wur~e~ o~ T~s Y. i ' ' ouE oN aas ~ ort~~ Pao~an. I~ ` ' t- : [ P11R5UA[R 10 f~l~'~ER 7i•1a4. 11~TS ~ 1,/1. ~ ~ ~ ~r . : ~,~,11 ~ ~Oif~ /0tT1tl1S ,r' ~ qiRK CMdf1T OOIiHf. 3T. UICIE 00., F1JL ~ ~'j."~,:*s - ~ r 3 Q;2 ~r~~ r Z~a ~-.-u"ts ~ + . ~ Q~~'J ~l~~o OTC~~~~~ yr~~F...~:~3y~1. J ^ ~H:,. r~ - ~4i~ ~ ~=~~x PA ~~:~:!(lit~l~ aahan•~c . BOD!(~~J~i P~GE. P.U.6~~k i~~9 ' 915 El;ST 0~::.1 C'_~'0. ~ 6 0(!£ C sTU;.aT, Ftoa~~A ~ , - - - a::M y . ~ ~ ; ~ ~ . , . ~w . _ . _ . 3 ~ ~