The URL can be used to link to this page

Home My WebLink About0984 ` ~ ' , ~ ~ E ti ~ • ~ ~ , M-397A mab ~~~a~~~r , ~c, _ . ) s Septc~nber , TfIIB MORTfiA(}~ D~E:D, made and a~cecuted the.. ~ Q._.dey oL_.,~........... l9 86 by . ............L~AL..~~...uK~l.lil(~llc"i~,~T_.dI.1C~..r~S_~~~P ~ i herelnattar called the Mortgagor, whlch term ahall include t?.e hcira, legal representattves, aucceasora and aasigiu = of the aald biortgagor wherever the context eo requlrea or admits, ~ to .............AL~..N~'~~.................................................................................................................__.._._......_.............~............ < ~ hereinatter called tha Mortgagee, whlch term ehall includa the heira,`legal representattvea, euccea~ore and sssign.e of the aald Mortgagee wherever the context ao requlrea or admita i' WiTNE88FSZ'~i: Thst for dlvera good and valuable consideraUo;?s, and also in conslderatfon oi the aggr~- ~ gete eum named 1n the promlaaory note ot even date herewith hereinafter de~cclbed, the eaid Mortgagor does ~ hereby grant, bargain, aell, elien, remise, release, convey and coniirm unto the said hiortgegee, hia heirs, euccessore , ~ end aaalgne, all the certain pfece...., parceL... or tracG.... ot lsnd, ot which the aeid Mortgagor is now aeized snd poaseased and in actual possesalon, altuate !n the Count,y ol..~~~...~Gl,~ .............and 8tate of F'lorida, deacribed a= as followa: - ~ StaYt at the intersection of the South line of IAt 1, Block 2, MODEL L,ANQ C~~ANY x SUBDIVISI(7N of Section 15, Towr?ship 36 South, Range 40 East, as per plat thereof ~ on file in Plat Book 1, Page 41, St. Lucie County, Florida public reoords (Lot 1) and the Westerly right-of-way of U.S. No. One; thence proceed Westerly _ ~ along the South line of Lot 1& 4 a distance of 1280 feet; thence proceed ~ Northerly parallel to the Westerly right-of-~way of U.S. No. One, 570.24 ft. ~ to the Southerly right-of-way of North St. Lucie River Drainage District Canal ~ No. 23; thence proceed Easterly along the Southerly right-of-way of Canal 23 - a distanc~ af 1280 ft. to the Westerly rightrof-~way of U.S. No. One; thence proceed Southerly along the Westerly right-nf-way ~f UoS. No. One a distance of 570.25 ft. to the point of. beginning. THIS IS A PURC~IASE MCX~I.E,'Y MURTGAGE. ~ Nbrtr~agor may obt~in releases for the East 620 feet of the above described property ' at the rate of $1,000.00 per foot as measured along U.S. No. One. Such releases ` may star~ either at the North line or the South line of the property but once ~ started each release wi11 remain contign~ous to the property previously releasea ~ (Unless necessitated by oondennation.) Z'he West 660 feet of the property covered ~ by this mortgage may be released fran the lien of this rrortgage for $250.00 per ~ -foot as ~asured along the West property line ber~inning at the Southerly bound~ry ~ of the prop~sty , ~ If any property oavered by this mort~age is condanned, the aonder~d property ~ must be released for the above release prices. Pravided, haa~ever, if necessitated ; by c~ondgnnation or conveyanoe in lieu of oondannation, Nbrtgagor may obtain the release of front footage alang U.S. No. One tip to 275 ft. ~ran the 5out,herly bound- ~ ary of Sager Rpad for dep~h froct? U.S. No. One r~ot to exceed 80 ft. at $3.OQ per ; squa~re foot Such releases will be only the land actually oondant~ed or ooriveyed in * Tp FIAVE ANp TO HOI.D the same, together with all nnd aingular the tenemente, hereditaments and ap- purtenances thareunto belonging. or in anywise appertalning and the reversion ~nd reveraions, remainder aad ereof and also all the eatafe rf ht, tttle. intereet, property, poaseasion, rema[nders, rents, iasues and profite th ~ g claim and demand whatsoever ea well in le?w ea in equity of the aaid Mortgagor in and to the same and every part ' snd parcet thereof unto the eaid Mortgagee, and hie hefrs, auccesaore and a~igna, in fee almple. ~ And eaid Mortgagor, for himselt~ and hie heire, legal representativea, eucceaeore and asaigns, hereby coven- ante with aaid Mortgagee, hie hetea, legal representatlves, euccesaore and aaefgna, thst eaid Mortgagor is inde- ~ feaslbly aeized o! sald land in fea eimple; that the safd Mortgagor haa full power and lawiul right to convey the aame in tee aimple as atoresafd; that it ahall be lawtul for said Mortgagee, h!e het~e, legal representaUvea, aua cessora end assigns, at all times ptaceably und quietly to enter upon, hold, occupy nnd en~oy eald land and every part thereof; that said land iD free from all incumbrancea; Lhat asld Mortgngor, hfe helra, legal repreaentatlv~e, ~ auccessors and assigns, will make ~uch further essurances to perfect the tee eimple iitle to asid land in esid Mortgagee, hte hetrs, legal representativee, aucce~ora and ~signa, aa may reaaonably ba requlred; and that sald Mortgagor doea hereby fully warrant the Utle to asld lAnd and every pert thereof and wW dafend the same agalnst [he lawful claims ot ail persons whomscever. B~OK P~~Ei~t~ ( PROVIDED ALWAYS, That It satd Morigagor ahall pay unto the said Morkgagee tha certaln promiesor~ note, ot whlch the foAowing fn worda and figures e true ~opy, to-wtt: * lieu of aorxi~u~tion and will not apply to any property that lies within 275 ft. of the Southerly bounda~y of Sager Road. All interest must b~ paid to the time of the release in addition to any release price describecl herein. ~ ~ - ~~~5 I 8 p~6f0980