HomeMy WebLinkAbout2573 i
rORTOAO[ O[[O `~t~!Z~rJ RAMCO IORM Rif
LONi IOIIM ~ ~ ~ • [V T' II
1
Y
Executed the 28th day of August A. D. 19 by
IO?lIiAR ffi1SIN
heretnajter called the mortgagor, to
Qf~I' S QOVE P~SRrI'IES, INC. , 5601 N. Ocean Drive,
Pbrt Pierce, Florida 33450,
hereinajler called the mortgagee:
(Whereser cared bereie the terns "toor aed "etoretasK" include ap the ponies to thin inatrvaeet sad the heir,
kttal representatives awd ar~us of ~a~or and the mceeaors sad aagn of carpontioos: acid the terms '.cote..
includes aq the notes bereie described
ituMa.~
tae nee.)
that jor good and valuable considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession situate in St. Lucie County.
Florida, viz:
All of Government Lots 1 and 2 in Section 22, Zb~wnship 34 South,
Range 40 East; ,
All of Goverment Lot 2 in Section 23,.Zb~wnship 34 South, Range
40 East;
' Less and excepting from each of the above-described parcels, lands
< N ~ as were conveyed in that certain Warranty Deed from Lucie Properties,
Inc. to Queen's Cove Properties, Inc., recorded in Official Records
°D Boots 225, Page 1511 of the Public Records of St . Lucie Ootmty,
ti
~ Florida.
€ ~S IS A PUR4iASE Zr~I~EY ~E[D~i'lGACE.
rt s
CY?..,
~ ,j~~`~ m Zhe holder of this Mortgage agrees to join in with Mortgagor to e~ne-
w?'~ cute any plat or plats that Mortgagor may file pertaining to the
t ~ ~ ~ } ti i ~ mortgaged property . Mortgagor shall be entitled to have one (1)
m acre of land released fr® the lien of this Mortgage upon earth
principal payment of $6,000.00 that is made on the Note secured
=,:~tu";
o f hereby. However, acreage will be released in minimum parcels of
c ten (10) arxes earth, to be in square or nearly square contiguous
o i parcels with the first acreage to be released to be located in
- ~ o the northeast corner of the Property. Notwithstanding the fore-
~ going, no releases will be given for the first $100,000.00 of
"'4 Principal that is repaid under the Note secured hereby .
`fix-`-~';~j Zhis is awrap-around mortgage, wra}~ping around an indebtedness in the ,
~
~ ' amawt of
$Z00, 000.00 as evidenced by a Mortgage recorded in Official
Records Book 231, -Page 2589, Public Records of St. Lucie Cotuity, Florida
L
o ("first Mortgage"). ~ recording of this Mortgage, Mortgagee agrees to
z.' 2 make all payments as and when due on the first Mortgage and to make re-
~ r t ~ 4
j duct ions in principal to the full amount of any sums paid by Mortgagor to
~ ~ ` Mortgagee hereunder. In the event Mortgagee fails to make any payment due
y,;; on the first Mortgage, Mortgagor may,but is not obligated to, make such
payment and set off the amount thereof against all sums due on the Note -
secured hereby.
5 '
~ aecewee • 7 ~In Payment Of Taos
~7 Cue On Clsss "C" lntargiblePersonslPraps~q,
1 ~ ou?suaM TO Chapter 71, 134, ncu of 1971.
ROGER POITRAS 9
rle.S Circuit Court, St. Lucie. Co., Flt..
Prepared by:
Dean Vegosen, Atty
Lewis, Vegotaen, Koeppel & Rosenbach,P.A. (~R ~~+p
251 Ro~ral Palm Way (P O Box 243?, G'JU~315 PAGE~NWC?
j) Palm Bead, Florida 33480 ,