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HomeMy WebLinkAbout1134 roarTOwo[ o[[o IOtN IOtIM RAMCO /ORM R[• ~ 491942 ~ ~ ~ • 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. ~ ! : Rf^R,i:tT = ~3 0 ~ RT f'A1~!:lfT Of TAXE'! ~ 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. ~ ~ £Ct:~A PGRNAS j ~ ~ t:L:RI( giCUtT t:OURT, ST. WCE CO,. t~~1~A' . i _ ~ 1- 1, -T ~ U: r.YEhJ~ ~ cv F B. ~ .;~.,A.%; r: i~ 8~1~ ~16E~~, 1 l i i