HomeMy WebLinkAbout0571 YORTOAaE OEEO A~~
lONO •O+tY ~ij I~ RAMCO FORM I~EB
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~:\PCII~P~ IIIP 28th day o( April q. n. ~978 6y
ti BEN D. EMERSON, as Trustee,
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1~er~i~~a~ter rallecl (he moriga~~or, to
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~ IRENE.C. GREEN~, as Trustee
f~ IePr~inn~ler ra~~r~~ I~~A morfcpn~~•e:
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i~ ~N'Aerr~~r uxd herein the terms ''mort;aROr" aad "mwc[at~c" inrlude a~t t6e put~es to tAn imwmtst and t~e Aein.
le`a1 ~eprese~~tati.n aud ~ausm o! 1aW~~dwls, aod tAe .ucreavKa and utirm of cwp:.rai:oas; a:.3 :Lr ltrm "eote••
include+ aq ihe nutes he~ein de~cribed if more ttua one.)
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~~i1L~se~~ /l~al jor goocl and raluablP ~nnsiderations, a~:d also in consideralion oJ tl~e aggre-
I~ ga(e sum nnmet~ in !~p promissory note o~ P!•PI! c~ale ~~erewi/{i, hrrpino~ler des~-.~6ed, t~e mortgagor tiere-
Eiy nrants, barf~ai~~s, s~lls, aleens, remis~s, roni~~ys and con/irms w~lo tl~e mortgagee all tl~e certain land
' ~i oJ u~{~ic/i !{ie mor/,yagor is nou~ SPIZP~ anc~ in possession siluale in St. Lueie County.
~'~ori~a. viz:
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~j All that part of the following described real property situate,
lying and being Westerly of the main stream of the North fork
of the St. Lucie River:
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Th~ North 300 feet of the North 1/2 of the South Z/2 of the
SW 1f4; and the South lOQ feet of the South 1/2 of the
~ North 1/2 of the SW 1/4, of S~ction 4, Township 36 South,
Range 40 East. ~
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THIS IS A PURCHASE MONEY FIRST MORTGAGE.
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~ THE MORTGAGEE covenants to and with Mortgagor that Mortgagee will,
~ after the recordinq of the proposed Subdivision Plat, grant
i partial releases of the residential lots shown on said plat
~ from the lien and operation of the mortgage upon the receipt of
~ prepayments by way of principal retirement in an amount per .
lot to be released equal to the sum derived by dividing the
initial principal indebtedness of $99,400.00 by the total
number of lots as disclosed by the plat and adding thereto an
i additional sum equal to 25$ of the initial sum computed.
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~-q . Recenred 9 ~ ~n P•rn.r~r oi T~rw
Due On Class ••C•• IntengiblePersonslpro~Nty,
pu?suant to Chapter 71, 134, Atxs p{ ~g»~
ROGER POITRAS ~P
CM.~ Crrcuit Court. St. Lucis, Co„ Fla,
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