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rORTOAOR OR[O RAMCO CORM RRL •
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Executed the 31st day °j October A. D. 1980 6y
RONALD E. RICHARDS '
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hereirrajter called the mortgagor, to
KEY REALTY & DEVELOPMENT, INC., a Florida Corporation
hereinafter called the mortgagee:
(VYAesever teed hems the urtta "tLOrtstKor" asd ••aoTUtasre" include sl1 ttte Psrtia to tlw iwttrtt~rst and tLe leis,
IrRSI rrpre.enptiats aad w~~m of iodividuh, sod the wecexan and attiRt» d corOttrstiose; and t?t tens '.[tote..
~ intlude~ sll the twtea Aereia tfe+criAed i[ [Dote tsso weJ
ti that /or good and r~aluuble considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, flee mortgagor here-
by grants. bargains, sells, aliens, remises, rnnveys and confirms unto the mortgagee alI the certain land
of which the mortgagor is now seized and in possession situate in St . Lucie County.
Florida. aiz:
SEE ATTACHED EXHIBIT A FOR LEGAL DESCRIP'T'ION,
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THIS IS A PURCHASE MONEY FIRST MORTGAGE.
i This mortgage is personal between the mortgagee and mortgagor
and shall not be assumed nor any of the property transferred
j subject to this mortgage, whether by sale, gift or devise
without the prior written consent of the mortgagee and in the
if event of such transfer without the consent of mortgagee, the
~ entire unpaid balance hereunder together with interest shall
be due and payable in full.
By acceptance of this mortgage, mortgagee agrees to release
~ any of the eight separately described parcels hereunder upon
payment to mortgagee of $25,000.00, together with any accrued
!!i or unpaid interest outstanding at the date of such payment.
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~ oursusrnt to Chapter 71, 134, Acts Or '
ROGER P0ITRAS
j 1 .aer3 Circuit Coun, St. Lucie. Co.. flt..
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