HomeMy WebLinkAbout0277 - _ - --.:i_._.-. - - - - _ -
rarsar?ejs ptso _ RAMCO ROetM R!e
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sited the 18th day a/ January A. D. fig 30 6y
Exec - ,
DAVID L. WALKER -
I~wer~~n/ter called t!w p~ortgagar, to PHILIP A. HO~:FFN$R end MARIE HOEFFNER, his
wife, as to an undivided 1/3 interests BERNARD A. HOEFFNER and
MARGARET HOEFFNER, his wife, as to an undivided 1/3 interest; and
JACOB A. HOI3FFNSR, a single adult, as to an undivided 1/3 interet~t
. hertinajter tailed the mortgagee: - ~ - .
(N'beenet fired Mrei~ tMe er+~e "u e~ua "~ati~ia•• iad+de d tM Mr~ia w Ji inr~t aid dr i~in~
kcal ee}eeeewut+.es ud ~s _d ui 1~s s~ooc+eeis sad awidae of ewDon~ior: Rad ~M wn sere
- iwe[+des sM tlt was heir +deea~ea it secs ~e..)
that jot pool and -aaluable oonsirleratioru. and alw in considiaction of the aggro=
-gate sum named to the promissory mote of eoen date herewith. he,+etnajte? described. the mortgagor hers-
by 9nw~ts. bargains. sells. aliens. remises. convxys and conf
tr*ns unto the mortgagee aQ d4e cattsir? land
of which the m+xtgagor is-Hour seised and in possesston~ situate in St. Lucie ('ounh.
Fbridn, ntz: - ~ -
From the Northwest_corner of the SW 1/4 of SW 1/4 of Section 24,
Township 35 South,-Range 39 East, run South-38 feet; thence
East 842.58 feet to the Point of Beginning: Frtsacr: the ~ -
Point of Beginning run South 439.7S feet to the North right -
f- of way of Okeechobee Road (S.R. 70), thence run ~iortheasterly
I along said right of way 42 feet, thence turn and run North-
westerly 60 feet along right of way txgned by the State of
Florida, thence Northeasterly along said right of wby-owned
by the State of Florida and paxallel with the right of 'way
for said Okeecha~bee Road 4-86.8b -feet to t_he East line of
the SW 1/4 of SW 1/4, thence-North to a point than is 38 feet
South of the NS corner of SW 1/4- of SW 1/4, thence turn and
- run Ides t to the Port of Beginning . -
All lying and being in Et. Lucie County, Flerida.~ -
THIS IS A PURCHASE MONEY FIRST 1~ORTGAGE. - - - - -
~ -RELEASE CLAUSE
Mortgagees covenant with M,~rtgagor'that there •is excluded - -
from the lien and operation of this mortgage the-..West one-third
(W 1/3) of the above described real property as .measured-along
t-.he North -line thereof.- Partial releases of `aidditional.-
Okeechobee Road frontage shall be granted by Mortgagees.-,
upon receipt of annual -payments or -prepayments ' o£~::pr`incipal
on the basis of .$750.00 per front foot to be released. - -
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No partial release shall be requested by Mortgagor or
~ granted by Mortgagees other than for contiguous parcels
which do not divide the mortgage security. Further,
no partial release shall be requested or granted which
would cause the property thereafter remaining as mortgage -
security to amount-at any time to less than 150 feet of -
a frontage _ on Okeechobee Road,
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i Rsoal+rsd t p7 fYD to P6Yme~ O! Ta>a>tt -
d ~ i 9 t:: t~ i ~ - Ous Oel Plsss tntsnp~le P~sraorml oropwq.
- _ psi*susnt Ta Chliptar 71. 134. Wit! O~ '!~71.
- , _ ' : 0 r_,.es c~,~ t:ouri, st. u,ds, ca. ft~?. - -
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~ - Tr!!S !t~SrQUC,~~~n- ~~:~~~:z~D sY - -
I:IkST FcDt~ J'-L B! DC. 60~~~ ~
F?. PiE2CE, ELOR!DA 334S0 ~
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