HomeMy WebLinkAbout2046 rORTOAO[ D[[O A/
`7 RAMCO FORM R[•
LONfa IORM 1
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F.recuted the ~/i7 day of ~ A. D. 19 by
HAROLD S. HELSETH and BETTY W. HELSETH, his wife
II hereinafter called the mortgagor, to /S!) ~ Titt+M
~ ~I . PNnt~x a
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f JOHN M. MCCARTY Jn Cts>is'•C° fMafpNIaPMSOiN1~~~
;i ~U(St:.nt TO CRtaptN 71,111, Af+ra 1~l1.
1 hereina fret called the mortgagee: 1!~ t~NM
Ct~rk Circuk CatAr St LAIMR C~. ~Ik.
(Wbemtr uxd 6erciR the terms "martsaa~soorr and "tnortsasee' ierlude all the partip to t~ia itrtrn~eat and Je ?eits.
ksal rcprexntauvea attd assism or iadiriduab and tUe wccesvrs and as+isn of corporatioRS; aad ~ tAe lets. "rate"
includes all tAe a,tes Aereia described it mar: iltan one.)
~lt~utbt, tha! /or good and valuable considerations, and also in consideration of the aggre-.
~ gate sum named in the promissory note o/ even date herewith. Irereinnjter described, the mortgagor here-
( by grants, bargains, sells, aliens, remises, conveys and con/in'ns ~•~!o the mortgagee all the ce?tain land
of u+{tich the mortgagor is now seized and in possession situate in $t • Lucie County.
Florida, t+i:: The -North One-half (Nl/2) of that part of the following described
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~M property which lies within Section 33, Township 37 South, Range 38 East, LESS the
East 150 feet thereof (said East 150 feet will include a-water control district),
~,to wit: "Beginning at the Southeast corner of Section 33, Township 37 South, Range
j 38 East, thence proceed North 0032'44" Nest along the East line of said Section 33
~ for a distance of 290.74 feet to a point where said East line of said Section 33
M intersects the North right-of-way line of Canal C-23 of the Central and Southern
Florida Water Management District; thence proceed South 89027'28" West along the
~f North right-of-way line of said Canal C-23 for a distance of 1295.39 feet to a
i~point, said being the point or place of beginning of this description; thence
;continue South 89027'28" West along the North right-of-way line of said Canal C-23
;for a distance of .1940.72 feet to a point; thence proceed North 0°32'44" West a
idistance of 10,296.25 feet to a point on the North line of Section 28, Township
~~37 South, Range 38 East, said point being 2068.88 feet South 89028'40" East of
!.the Northwest corner of said Section 28; thence proceed South 89028'40" East along ~
the North line of said Section 28 for a distance of 1941.06 feet to a point, said
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int bein 1295.61 feet North 89 28 40 West of the Northeast corner of said
PO 9
II Secti n 28• th n r d 0 d
o e ce ocee South 0 32 44 East a istance of 10 260.05 feet to
P
pia point on the North right-of-way line of said Canal C-23 and the point or place
I~of beginning of this description.
Said parcel of land containing approximately 100 acres. - J _ =
~~TOGETHER with all rights of the Grantor herein arising around that certain Easement
.'Agreement appertaining to and made for the benefit of the above described land,
dated January 30, 1968 and recorded in Official Records Book 170, at Page 1346,
:Public Records of St. Lucie County, Florida, subject to the restrictions as
therein contained.
SUBJECT TO a reservation in favor of Circle M Ranch, Inc. of an undivided one-half
';(1/2) interest in and to all of the oil, gas, sulphur and. other minerals in, under
for upon said lands, which said reservation is contained in a deed recorded in
!`:Deed Book 229, Page 21, Public Records of St. Lucie County, Florida; and to ease-
~!ments and restrictions of record.
This Mortgage is a Second Mortgage subject to that certain mortgage to The
jEquitable Life Assurance Society of the United States dated July 29, 1977 recorded
yin Official Records Book 272, Page 25, Public Records of St. Lucie County, Florida,
~;in the original principal sum of X400,000.00. Mortgagee herein, as part of the
.;consideration of the sale of the above described property to Mortgagor herein
j shall pay the annual note and mortgage payments on said Equitable first mortgage
~~as said payments become due and payable in accordance with the terms of said
:`mortgage and Mortgagee herein shall obtain from Equitable a partial release of
~~the above described property from the lien of said Equitable Mortgage after
``~~Mortgagor herein has paid in full the X25,000.00 promissory note secured by this 1
?;Mortgage, being no later than April 1, 1985. In the event Mortgagee herein fails i
!'to make the said annual payments on said Equitable Mortgage as hereinabove provide
'for then Mortgagor herein shall have the right to make said annual payments on
said Equitable mortgage and to apply any said payments, both of principal and
;;interest, to the payments due Mortgagor herein by Mortgagee herein on this mortgage
IIt is the intention herein of the Mortgagee (Seller) and Mortgagor (Buyer) that the
!!land being purchased by Mortgagor from Mortgagee shall be completely released from ~
'said Equitable mortgage within five years from the date .of this mortgage.
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