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From the Northwest corner of the SW 1/4 of the SW 1/4 of
Section 15, Township 35 South, Range 40 East run thence 1
South 89°40'16" East along the quarter-quarter line to a
point on the East right of way of Oleander Avenue (State
Road S-605); thence South 00°26'26" East along the said
East right of way of Oleander Avenue 35.'00 feet to a point;
thence South 89°40'16" East 10.00 feet; thence North
00°26'26" West 10.00 feet; thence South 89°40'16" East
S42.29 feet to the point of beginning; thence South -
00°•02'44" West 55.70 feet to a point; thence South 44°49'31"
West 307.76 feet to a point on~the boundary of Island
House Condominium, Phase i; thence South 37°42'24" East
179.00 feet to a point; thence South 27°17'34" West 197.01
feet to a point; thence South 65°17'23" West 15.4.01 feet
to a point; thence South 24°42'32" East 123.00 feet to
a point; thence South 89°42'43" East 340.75 feet to a point;
thence North 00°02'44" East 768.18 feet to a point; thence ~
North 89°40'16" West 55.00 feet to the point of beginning; ~
all lying and being in St. Lucie County, Florida, and
containing 3.851 acres.
This mortgage is given as additional security for a certain
indebtedness of Patrick B. Lally and Michael S. Brown to
Mortgagee in the amount of One Hundred Twenty-Five Thousand
($125,000.00) Dollars. Said indebtedness is also secured by
a mortgage given on this aay by Patrick B. Lally and Michael
S. Brown to Mor a ee and recorded in Official Record Book
_3
3~ at page of the Public Records of St. Lucie
County, Florida. T e documentary stamp tax and intangible ~
tax required by the State of Florida were paid at-the time
of recording said mortgage. ANY DEFAULT UNDER TAE TERMS AND
CONDITIONS OF SAID MORTGAGE SHALL BE CONSIDERED A DEFAULT
UNDER THE TERMS AND CONDITIONS OF THE WITHIN MORTGAGE.
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