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I) - CH-1574
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~Owo •ottr ~,~,w~~ RAMCO /ORM A[•
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~ ~:.CPfl/tgd t{tP O~ / day o/ ~,Uj~'t A. D. 1979 6y
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i, ANTONIO ZICCARDI and ALBERT LUCCI l
bgrgina~d~r rnI{cvI Ibg mortgagor, to }
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~ EDWARD B. TRAUB, JR,
{tgrginajfrr c~II~•d 1iu~ mort~lallgt~: j
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~\~f.ere.er uad herein she urtm "fwu~RaR•.r" aea~ "murtea~ee" include all tAt polies to tlti, inswment and thr Alin,
Kral rryr.vnuu.n and auiem u( ind~~idwh, and the wneann and assitm of corporetiow; and the term "awte°
nwlu~ltr all the uotn herein dexdt•ed it more these one.
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~itnesseth, that jor good and valuable cc?nsiderations, and also in consideration of the aggre- f
gate sum named in the promissory note of even date icerewitb, hereinafter described, the mortgagor Itere-
h. grants, bargains. sells. aligns, remises, conveys and confirms unto the mo?tgagee all the certain land
o/ u~bic{+ t/tg mortgagor is nuu~ sgixec{ and in possession situate in ST. LUCIE County f
I'lorida. vi2:
PARCEL 1
'z ~ _ Lot 174, MARAVILLA GARDENS, UNIT N0. 3, as shown in Plat Book 6, page 62
< < > of the Public Records of St. Lucie County, Florida, excepting the South
~c " ~ ~ 200 feet and less the East 600 feet of the North 100.28 feet and less the ,
~ ~ j West 60 feet.
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L,- - ? u ~ PARCEL 2
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" y The North 100 feet of the South 200 feet of Lot 174, MARAVILLA GARDENS, -
~ ~ ~ UNIT N0. 3, as shown in Plat Book 6, page 62, of the Public Records of
_ ~ ~ St. Lucie County, Florida, excepting the East 60Q feet and less the West j ;
y L a z 60 feet, i
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. 1~ - LL m PARCEL 3 j
~ The North 25 feet of the South 200 feet of the East 600 feet of Lot 174,
} ~ MARAVILLA GARDENS, UNIT N0. 3, as shown in Plat Book 6, page 62, of the
Public Records of St. Lucie County, Florida, less the right of way of U. S.
p Highway No.l.
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= 3 Mortgagee agrees to subordinate said purchase money mortgage to any first
mortgage construction financing Mortgagors may obtain from an institutional
lender provided: -
1) a period of three years from the date of the purchase money mortgage
has elapsed with all regularly scheduled mortgage payments having
_ been paid and provided said note and mortgage are not in arrears; or
2) Mortgagors-have prepaid the note and purchase money mortgage held
by mortgagee, to the extent that the remaining principal balance
is in an amount not greater than $32,000.00
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