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MORTQAO[ O[t0
TO COIIpaAT10N -AOM IMOIV IOYAL
~U449~
RAMCO FOMM RE.~S
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lixecated t'~h77e~~~r~~/~*~ eJ~ day aJ Deoettber A. D. 19 80 6y
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hereinafter called the mortgagor, to S''IRAZZ~A~A BIB. ~,, III.
n corporation existing under the laws of the $fate of FlOrlda u+ith ils pernwnent posfoJfice
address at P. O. BOOC 3152, Pbrt Pier~oe, FL 33454
hereinafter called the mortgagee:
INhem~er used hcreia the terms "~oa~~~aa~~oo~i ~~ asd "ssart,asee" .arhsdr all thr oaruas to this iasuttmeat sad the 4in.
legal represrntatives and assy,m of iadirwWh, aad lhr sstcetar.rs and assigns al eapaatioas: aad the Berm "aces"
inrludea all the acrd bereia destrihtd it ttsoet than oae. )
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~ltfttSS~l, that Jor good and valuable considerations. and also in conside-ation of the aggro- i
gate sum named in the prorgissory note of even date hereu+ith. hereinafter described, the mortgagor here- j
6y grants, bargains, sells, aliens, remises, rnnueys and confirms unto the mortgagee all the certnin land ,
of u+hich the mortgagor is now seized and in possession situate in St. I~ueie County.
I=lorida, viz:
Zhat part of the South ~/2 of the Southwest 1/4 of Section 15, Zbw~nship
35 South, Range 40 East, botu~ded on the South by the 130-foot right of
way for Virginia Avenue, on the East by the 80-foot right of way for
Oleander Boulevard, on the North by the 50-foot right of way for Southern
Avtnue, and on the West by the 50-foot right of way for South Ztenth Street,
LESS AMID F.~.'F~rP the South 259.54 feet thereof. IES.S AMID ~TII~]G there-
from all easements and rights of way of record. IFS Ai~ID Ea~'P the North
167 feet thereof .
ZIIIS IS A Pi~ASE M'~Y .
Mortgagee herein agrees to release to I~brtgagor property beginning at the
NorthExly end of the ptnpexty (Southern Avenue) and going South the full
width of the property in aontiguotLS parcels at the rate of $419.00 per
full width foot in minimm int~anents of 90 feet.
All monies paid on the prir~ipal aamotuit of the alru~ual payment shall apply
to the purchase of the releases provided for in the above paragraph All
monies paid for releases shall apply to the next ensuing annual pT-~*+~~ ~
payment, and the balance of the purd~ase annoy mortgage shall be red~~oed
accordingly.
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Rg0lIY~ e ~ ~~ ~fl ~d+ _ ~t Tars
D1M On CIfaM "'C" tiNanp~ Pdrtiorle~ 14~rew
hl~~oMtt Te Chttq~ 71.134. Acts ~ 1071. ~
IIOGEB /WTAAS ~~
poet Cbw1R Otwr~ sL t~elmr 4l. ~
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