HomeMy WebLinkAbout0593 " _ 29~213 ° :
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Ex~„~~d ~6e gth day oj October ~ A. D. ~974 6y
1tIq41A.S J. GEIGHt, i~divi~uaaly and as Trustee, .
hereinaJler called the rnortgagor, to JpSg~H IypGGIO ard MARIE MAOGIO, his wife,
- hereinajfer caj~ the morlgagee:
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(W6cm~er u+ed Atreiw tLe u~s "~~f. and "oor~sRee" i~clude atl 1ie pvtin a t?i~ iwha~t~e ud t4~~anj
le~ta~ rePrearauti.es aad sw ~d~~~~v~ls. ud tst wweesocs aad a~+[r d~Pas~~: aad 11e kr~ wo~e'
, ` iaciudea aU t6e ~ous herci~dexn~ed i( more thu o~e.)
~~~I~Q~~ lhat jor good and valuable conatde?ations, and aiso in consideratton oj tl~e aggre-
gato sum namecl in Ihe promissory note o~ ei~cn date herewitl~, ~ereina/ter descrt6ed. t~e mortgagor ~ere-
6y g?a~ts. 6arenins, sells, aliens, remises, conveys and c~on~irnu unto the niortgaAee nll the ~.tatn l~d
o~ u~~ic1~ t1~e. mortgago~ is now seized and in possession aituate in $t. ~Cl@ Countp.
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The North 3/4 of the West 1/2 of the Northeast One-Quarter
~ of the Northeast ~ne-Quarter of Sectian 30, Township 35 .
South, Range 40 East. _
- TEIIS IS A P.UR(NASE M(x~'Y SPO~ID 1''ORTGAGE, sub7 ect to and inferior to that
certain First Mortgage to SHIRLEY FRAMQ.Ir1 in the original principal amo~mt -
af Z18,000.00 recorded May 14, 1972 in O.R. Book 202, Page 1084 of the Public
Records of St. Lucie Camty, Florida. Any default of said First Mortgage
sha11 be d.ee~ed a d~fault of this mortgage. . .
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- - o'- OOCUM~N1'iAftY .•-,•a, STA M P T A X
- Ci : aEPT; OF REYf.NttE r` • _ . ~ _ . : . ~
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~ Mortgagee hereby waives their rigYit to obtain a deficiency judgment against ~
; ~ Mortgagor under the terms of this Mortgage or the Note secured hereby and ~
~ Mortgagor shall have no persvnal liability of any kind: MQrtgagee's sole
f remedies shall be limited solely~to the security referred to herewzder and
~ - Mortgagee agrees to~waive any and all claims to a deficiency judgment in
the event of fo~reclosure.
~ pmvided Mortgagor is not in default.under aziy of the terms and conditions
of this mortgage, or the note which it secures, Mortgagee he~eby agrees to
release lazid fran the encimbrances of t}iis mortgage upon caa~liance with
each of the following terms and conditians:
1. There shall be paid the sum of ~e ~hmdred~~ No/100 Dollars (~100.00)
per front foot of said property frontin8 on RoBers Road so released fro~
the enc~anbrance of this mortgage. Such simi of =100.00 per f~ont foot may
-be paid in principal payments or principal prepayments under the terms .
and conditans of this mortgage or the first mortgage presently encum~bering
the property which is the subject matter of this mortgage.
2. The Sautherly bo~ur~dary of the first parcel released shall be the southerly
boiu~dary of property encunbered by this mortgage. Releases to start at the
~ South end of the praperty. .
~ 3. All frontage parcels to be released sha11 be contiguous to the frontage
~ ! previously released.
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4. Each frantage parcel to be released shall nm from the east to west
brnuxlary of the property in depth.
I~'~ {N PA`fMElI~~~~y~
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- ~ooK 233 P~~E 593 - .
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