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Executed ~hn o~•'~- day oJ October A. D. ~9 76 6y
PASQUALE GIBILISCO and GRACE B. GIBILISCO, his wife
hereinaf ~er called the mortgngor, !o
CECIL E. PRESCOTT and VERNICE PRESCOTT, his vife
hereinajter ca~led Ihe mortgagee:
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IWbtRKf uaeA herei~ t6e tera~ "mor~~~~ aed "~wrW~ee" iarlYde a!1 tM p~rtin to ~?i~ irtr~st~t ud t?e.~wss
le;al represcn4ti~ea asd a~~et of iadivMuab aed Ise w~cceron aed a+uf~s o( oo~oruio~s; ~e/ 1~! ~er~ ~ ro~e~
ircludes dl t6e ootea be~tia de+criAed it more t~a~ oae.)
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IE wtNK~LLII~ fAa[ jor good nnd vaiuaoie c~onsidewiioru. and niso .n tvsu.ue.niiwi vj irai a.dai~-
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gate sum namec~ in !he promissory note oJ even dale he?~ewitk, hereinnJter c~esc?i~, t~~ moMgago? htrt-
6y grants. ~argains, se~~s, a~ieru, remises, conveys and rnnjirnu unto fhe n~orlgag~e nll ~he cwtaltt land
l o~ which t~e morfgngor is now seizec~ und in posseasion situate in St. Lucie Co~ti•
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~ Lot 102, WHIT$ CITY SUBDIVISION in Section 5, Township ,
; 36 South, Range 40 East as per Plat Book 1, page 23, of
I the Public Records of St. Lucie County, Florida, excepting
' ~ however all rights of way for drainage canals and public ~
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M~ TNIS IS A PURCHASE MONEY FIRST MORTGAGE.
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~ RELEASE CLAUSE: The SF~t of Lot 102 shall be released after
! i principal of mortgage is reduced by $22,250.00; the Si~6 of
; i Lot 102 shall be released whem principal balance of mortgage is
~ j reduced by $27,812.50; the NF~s of Lot 102 shall be released when
principal balance of mortgage is reduced by $36,156.25; the N~ of Lot
~ I1 102 sha11 be released when mortgage is paid in full.
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qz Dale L. Harme4on
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