HomeMy WebLinkAbout0867 MORTOAa[ O[~O RAMCO /OAM RE,a ~
TO C011W11ATION /110N INOIV10Y~1 ~
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t:.~~~~~~ ~h~ 17th. day oJ January A. n. ~q 776y ~
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LAWRENCE G. and BETTY P. LALLY
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~ hereina(ter callecl the morlflaflor, to . SUN BANK OF ST. LUCIE COUNTY `
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a co?porafion exi~ting unt~er Ihe ~aws o~ fhe Stafe oJ FLORIDA - , u,i~ti ifs permanenf posloJjice ~
~ add~pss at Fort Pierce, Florida ~
hpreina/tP~ ~alle~l !he morlgagee: ~
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(Nh~revrr u+sd Ae?eis tM urau "mw~sa~a" a~d "ma~Ra~ee" ierlude dl ~he puties a t1~N im~rYme~t awd ~4 ~ei~: ~
ksal npre+enutire~ aad aw~ ro d i~rdra6. a~d t?e wcc~aors and a++iRw~ o( caporatioa~; a~d tAe term ••~ott•• '
includes all ~Ae eotes b~rcia described it ~e ~Iw oae.) ~
ll~af f
or ood and i~aluable c~onsiderations, and also in consideralion oj Ihe agqre-
- ~lbltSS~l, 9 1
gafe sum name~ in !he promissory note o~ even c~afe herewil~, tie~einaffer descri6ed, fhe mortgagor here-
6y gro?~r:, bnryains, salls, aliens, remises, eonveys and conJi??ns unlo the mo?fgagee all tl~e certain lnnd
o~ which the mortgagor is now seized nnd in possession situate in St. LuCie - Counfy.
I~Iori~Ia. viz: _
From the Northwest corner of Lot 1, MARAVILLA SUBDIVISION, as ~
recorded in Plat Book 7, page 31, public records of St. Lucie County,
Florida, run East along the North line of said Lot 1 a distance of 155. 00
feet to the point of beginning of the land herein described:
From said point of beginning continue East along the North line of ~
Lot 1 a distance of 195. 00 feet; thence run South 65. 20 feet; thenc~
run West 195. 00 feet; thence run North 65. 20 feet to the North line
of Lot 1 and the point of beginning: said land comprising the property
upon which the Inlet House Condominiums Recreational Area is
situated.
SUBJECT TO those certain long term leases and arnendments thereto •
; ~ from Inlet House Condominium Management Corporation, now
Atlantic Condominiums Management Corporation, as Lessor, to ~
Inlet House Condominium Apartments, Inc. , as Lessee, dated ~
, and recorded respecitvely as follows: February 26, 1970, O. R. Book 183,
page 424; February 16, 1971, O. R. Book 190, page 911; February 16, i
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19?1. O. R. Book 190, page 997; and January 28, 1972, recorded in ~
O. R. Book 199, p~ge 602;
the rents issues rofits revenues, ro alties, ~
TOGETHER WITH . , p , Y
rights and benefits, as they shall become due , which shall be
collectible by the mortgagee in the event of a defautt in the payment
of the indebtedness secured hereby.
The mortgagors LAWRENCE G. and BETTY P. I~1LLY execute this `
mortgage for the sole purpose of perfecting the security int erest
of mortgagee in the lands described herein, and in no way shalt it be
~ construed that said mortgagor is obligated to pay the indebtedness
secured hereby which is more fully evidenced by the promissory note
made a part of this mortgage deed.
( ~ . ~ ~ T~rES ~
~ ~ {N PA1fMENT Of
RECEIVED ? l PR0 '-.t~t, ~ #
a~ e.. cuss ~ ~M~ns~BUE ~
` 'i TO C~TKR 71•134. 11~j~ ~f 19i:.
~ Q,...r RCGER POIiR!?C ~
~ Si. ~~k ~
CIERK CIRC~~j ~
1 i
2 ~ ~y
j~ This Instrumer.t ~rcp ~c ~ ~
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Cf St. ~+.c'n C~~~':ty, i~~~~::~r~~ i:.:"=
Co::n':y B4nk. BOOK2~~ PAGE O~(~
By ~ iq,P.t_ ~Q .e ,E~ _ _
! ; . . „ Z,d sErrat
fORT P1EP.C~ FWRIDA _
_ .