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Executed the dad of July A. D. 19$0 6y
KENNETH T. PERONA and SOPHUS PETERSEN, JR.,
heretnaffer called the mortgagor, to
EVELYN M. WELCH, INC.,
hereinafter called the mortgagee:
(1Nhcrerer cared heeeiw the terror vaoe awd "wwetpacc" iwch~de ali the oartia b chic iwetr~ewt sd tUe.
heal repreecwrtivea awd argwe d iwd6 wi t6c erccerore ewd awe o/ oerooratiowe; ud t4 eers wave'
intludee all the votes herciw dearibed i( wwee tbu owe.)
~~~~SStbl, that for good and valuable considerations, and also in conatderation o/ tke aggro-
gate sum named in-the promissory note of even date herewith, heret?iafter deacrlbed, the mortgagor here-
by grants. bargains, sells, altena. remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor to now seized and in posaeaaIon actuate in St , Lucie Counh?,
Florida, viz:
The South 1/2 of the NW 1/4 of the NW 1/4 of the _
NE 1/2 of Section 21, Township 35 South, Range 40
East, lying and being in St. Lucie County, Florida, .
LESS the North 42 feet thereof
THIS IS A PURCHASE MONEY FIRST MORTGAGE.
PARTIAL RELEASE CLAUSE: The above described lands shall-
; e s ivi y t e mortgagor or their assigns into a residen-
tial subdivision containing 14 lots . Said subdivision shali
E be platted in the public records of St. Lucie County, Florida,
and, there. being no default in any of the terms of tl~,i.s mar*_-
i gage, the mortgagee shall grant partial releases from this
mortgage of each lot encumbered herein, upon the payment of
~ $6,000.00 to be applied to the outstanding principal balance
of the subject mortgage. The selection of the lot to be
released shall be at the discretion of the mortgagor.
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L•3~ C ~ CL'.S 'C tBTS!:9:8LE HERSLaAI PT.O,'EwTY,
Fli~.:r~;:.'li'TO ~K.tit'TE4 T1-131. ACTS OF 1171.
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