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IiOtTtiAOE DEN RAMCO IORM ii1Y D ~ (~020AO1~1
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Executed the l day o/ October A. D. 19 79 by
QtF.EF DEVE[API~'IaT OCNIPANY
a corporation existing under the laws o) Florida ,and having tb principal place of
business at 3724 S. E. Old St. LuC~
a Boulevard, Stuart, Florida 33494
hereirenf
ter called -the mortgagor, to
VII~R , Iii.
a corporation existing under the laws of the State of Florida ,with its permanent pwtof
f
ice
address at P. O. _eox 1295, St~ua~rt, Florida 33494 ,
her+einaf
ter called the mortgagee: -
(Wbc.erer seed ieeei¦ tie teees •1~.a¦d ••mortgeee•• adede a0 tie yartin to tiie i¦eteeee¦t ¦¦d tie ~i
kpl eepae¦ati.es a¦d ~~¦e~~of~ a¦d tie :¦oayeoes a¦d gaups d ooepoeatio¦t; a¦d tie tere¦ "acre'
i¦ci.dea all tie .ores ieeeia dnen'bcd it sae ties aie.)
~fu1K~~r that Jor good and valuable considerations, and also in consideration o/ 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 ootif
urns unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession situate in St. Lucie County.
Florida. viz:
Start at N E corner of Section-22, T37S, R40E, St.-Lucie County, Florida; ~ .
ther>oe N89°59'49"W along N line of Section 22 a distance of 171.66 feet
to point of beginning; thence run SO°14'07E alalg said East line a
distance of 198.36 feet to point of with South line of
property described in Property Bo~u><3ary-Line Ag~+nt recorded in OR
Book 110, Pages 15-18, St. Lucie County, Florida; thence N89°59'49"W -
along said South line a distance of 522.30 feet, more or less to waters
of North Fork of St. Lucie River; thence maan3~r said waters Northerly
a distance of 260 feet,. mire or less to point of intersection with -
the Nortfi line of Section 22; thence S89°59'49'x, along said North line
a distance. of 564.52 feet,~e or less, to POB, acoordin3 to survey
map by I,ee Brock, Registered Lana Surveyor, Fhori~c3a Certificate Ab.
2157, survey dated Jtme l3, 1979: -
~ THIS IS A P[J 1N~.'Y NDR'hC~.
RELFA.SES: After January 1, 1980, Mortgagee agrees to release lots from
the lien and eacudaranoe of this mortgage as follows:
~ - 1) Upon payiaent of $30, 000.00 principal plus aocsued interest, one
lot on Ritrhing Oave shall be~ released.
2) Upon payment of $40,000.00 prin:ipal-plus aocn~ed interest, the second
l,ot on Kiixi~ing Cove shall be released.
3) moose lots facing the access canal shall be released upon payment of
$25,000.00 principal Plus accrued interest for each lot if plat yields
5 loft;; or $18, 750.00 princilaal plus aocn~ed interest far each lot if
plat yields 6 lots.
THIS ND IS A~~ ODII,Y UPON WRI'17~1 ~ISII~ ~ THE ~
REAL, PROPER'PY HEtiEIIA S[iALL NOT BE SOH C1~IVLYID, ,
OR OUSE DISPOS® aF SOH.TFXT ~ THIS Wl~ PRIOR WRITTEN
OF MOR'i~. ANY BRF1~'Ii OR ATl'H~'t~ BREACH OF THIS CO'VE{+P~NP
SNAIL ~ CC~lPID6 FOR NDdtIC~?t~E AT ITS OPTION ZU Il~Y~~7ATE[,Y AOC~l~Fl1E
• THE PR7I~IPAL AND IN'iERES`r IxJE UNDiFR -THE NOTE SFDfJR~ BY THIS ND.
MORZGAi~E Sf~I.L NO?P BE l~E'7¢JIFtEfl TO SiIDORDIl~TE THE LIEiJ CF ITS 1~DRZGAGE
~ ANY ~ S~JL'TTP ~ OR LIHJ ~ THE S{JBJII;T PRaPF~tTY.
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Recalvad A a ~ In Pa~lt Ot Tfalas
Oua On Class "C" IntsnOlblaPanonalPrapartl?.
pursusnt TO Chapter 71, 134, /1Cia 0~~~1~•
v STATS a~ FLO F? I D A ~ ROGER p01TRAS 9
W OOCUMENTARY.~~: ;,,,STAMP T <1 X ~ ~ C,r~q Cowt, SL Lucia. Co•. Flta. -
c ch UEPT. OF REVENUE c - `
in ~ ~ O~i -3'19 3•' J: ~ ~ ~ 5. ~ ~
e„ - P.B.`
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