HomeMy WebLinkAbout1965 rORTOA00 D[[O IIAMCO FORM Rti•
LOIN IOIIM ~ t' ~ 'O
Executed the ~_t__._ day of ~y A. D. 19~ by
VAIIIE PF~'EB7Y O~tATI(~1, a Florida corporation,
hereinafter called the mortgagor, to
FEIN
hereinafter called the mortgagee:
(Wherever wed 6ereiw the urmr "mort~t~r awd "mortaasee" iwclude +H the pratiei to thie imtrnmewt tud the hcin.
k~pl npre+enntivea and aru~{oa d~ ~iwdirid~tal+, nwd the wtrearan aad s+riRru of rorporatiorr; awd the urm "twu"
iacludet all the wren hereiw tiercri6ed i( more t?aw oae_)
~~t~SSeblr that for good and valuable considerations, and also to rnnsideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants. lwrgains, sells. aliens. remises, conveys and confirms unto the mortgagee all the certain Innd
of which the mortgagor is now seized and in possession situate in St. Lucie County.
Florida. viz:
~I
I
Lots 4 thr+ottgh 22 , S CJOVE , I~TIT in a,ccordanoe
with the Plat thereof recorded in Plat Boon 20 ,
Page 18 ,Public Records of St. Lucie Gbunty, Florida,
I less and except Lot 19 of 'said QUEESI' S EVE, iYdIT 7~.
i
Zhis is a Second bbrtgage, subordinate and inferior to a lrbrtgage
~ of even date given by Mortgagor to t~[JEEN' S O3VE PITIES, INC.
4 securing an obligation in the atm{r{t of $459,000.00. Any default
~ under said First Mortgage shall constitute a default hereunder.
` Mortgagor shall be entitled to have one (1) lot released frecn
the lien of this l6ortg~age as lots are released from the lien of
~ the above-described First Mortgage in fawr of Queen's Cove
Properties, Inc. without payment of any principal on the Note
~i ~ secured hereunder, as long as this Mortgage and the Note secuu~ed
hereby are not in default. At such time as the First Mortgage
in favor of Queen's Gbve Properties, Inc. is paid and satisfied
in full, Mortgagor shall be entitled to have one (1) lot released
~I~ from the lien of this Mortgage upon each principal payment of ,
i~ Thirty Thousand, tr{e Hundred Ninety-Seven Dollars ($30,197.00) ` -
! that is made on the Note secured hereby,.provided that all other
!i obligations under the Note and this Mortgage are current and not
.
in default. ~
~ ~ '
5~ `f REC:~'1:^ ; ~oT,tll1 tll t'A!^~E4T f)F TIIX:Y
! ~ ~k Cuc ! 1 C:."S 'C' LIT`.?iC,.BLE Pt f:~`J~?--l P~?~'En~
F t!' yT T~ CY..'.rT ~ t 71-:: t, A~iS OF
Ri:CTit t'C{Th11S i
Ct,:1;K p:.~>1~T :.CJltT, ST. LULTi CO, (~m .
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~ ~ Instrument prepared by
Dean Yegosen ; Attorney I tR Q(~~ f~~
~ 251 Aoya1 Palm Way 6crnc~2 PdGE~VW
Post Office Box 2437
Palm Beach, F1 33480
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