HomeMy WebLinkAbout0306 MOA?aA0[ OEEO ~
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I:.l'PfUIIK! IIIP 1? ~ • day a( ~T A. D. ~q ?9 6y
~ BARTLS'1'T ~i. HACRLBI[~ SR.
! he.Pt~~aJ~Pr ~•allecl tl~e morfga{~or, ~o LORETTA STAFFORD and JOHN STAFFORD, her husband :
FRANCIS N. MOATES and KAREr' L.MOATES,his wife;BETTY ANN FOREMAN and ~
(E RAYMOND FOREMAN,her husband; KENNETH L.JACKSON and LILY J:JACKSOy,
his wife,d/b/a COASTAL DEMOLITION COMPANY
{~erPinaJter c•alle~cl II~e~ morigaUee: • .
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IN'her~~er u.ed htKi~ tAe urm '.mortgaRor.• asd •.owrtRa~ee.• iaclude all the putiea lo tAu uuuumeat aad tse 6ein,
j: leral repre+eutati~n and aai ~s d iadiriduals. and Ibe wnt~x.n and as+iRn+ ot rn?Dw~une+: asd tlm tera "wte••
irrluJe~ all the a.tn iKreiw ~r:GeJ if m.re thaa one.)
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~~tn~e~~ that Jor goocl and valuable rn~uicleratior~s, and also in consideratton o~ t~e aygre-
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~~al~ sum namec~ in Ihe promissory note o~ evpn ~ate hereu~ith, ~?preinafter tle:cri6ed, ftie morlgngw f~e~e-
' 6y ~~rants. 6nrl~ains, s~lls, aliens, remises, conveys and conjirms w~to Ihe mortgagee al! t3~e certain land
j' o~ u+hic~~ t~~~ murfya~or is now seizec~ anc~ in possession siluale t~ IA1Cie County,
~ /'lori~a. viz:
?RACT C, COASTAL CO~S~ UNZ? N0. 1~ aa pe~ plat thareof on tile
in Plat Hook 10~ Page T~ ot tt~ Pnblic R~cords o! St. Incie
Oovmty, Florida, I.ffiS AI~ID SXCSPTIN(~ the i~Teat 1b9.38 faet thereol..
~JBJIDC? TO Beaewenta of racord. I
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THIS IS A ATR~HASS MONLY FIRST MORT(3A(~S. ,
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The terms of this Mortgage are conditioned upon, and by I
acceptance hereof Mortgagee sh~ll be deemed tc agree, to the ~
, following release clacses: ~
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A. Upon payment of the lump sum of $15,000.00 payment due ~
six (6) months from the date hereof, as more particuarly set
' forth in the Promissory Note secured hereby, Mortgagees shall _
: release from the terms and effect of this mortgage lien, the
i following described parcel, to-wit: ~
For a Point of Beginning, commence at the Southeast ~
~ corner of Tract C, COA~TAL COVE, UNIT NO. l, as per j
plat thereof on File in Plat Book 10, Page 71,Public ~
Records of St.Lucie County, Florida; thence run
~ Northerly alcng the Easterly boundary to the Northeast j
conrer of said Tract C; thence tL.rn and run West alcng ~
i the North boundary of said Tract C, 150 feet to a ~
~ , p~int; thence turn anc? run Southeasterly on line
~ extending from the boundary of said Tract "C" to a point
~ on the South boundary line of said Tract C, which is
` 150 feet West of the aforesaid Point of Beginning;
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thence turn and run East along the South boundary of
~ said Tract "C" to the Point of Beginning.
; B. In addition to the release provision set forth above,
~ ~ Mortgagee shall release any portion of the property mortgaged
~ hereunder (such portion hereinafter referred to as a"Parcel")
~ from the terms artd eFfect of this Mortgage, upon the tendering
~ of payment by Mortgagor to Mortgagee of a sum equal to that
~ portion of the remaining principal balance of the obligation
~ securec? hereby, which poriion shall be the same percentage of the
_ principal balance as the area of the Parcel to be released is
the whole area of the remaining property mortgaged hereunder,
plus any accrued interest to the date thereof on that amount of ~
~ ~-the principal tendered hereunder. j
i9 ~ • 7 ~ Recehrsd ~ ~ ~ ~ 1
~ ~n P*wnsrn Of tax« +
~ ~w On Cless "C" Intsnpible Persons~ prop~rty~ ,
~ pu?wam To Cnapter 71. 134. Acts Of 1971. ~
~ ; T~~ r ~ _ ~ : ~ _ . ~ ROGER POITRAS ~ !
i:_l _t;~a;
k ~ : - . . - . , : ~ ~ Circuk Court, SL tuci~. Co.. FI~.
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