HomeMy WebLinkAbout0971 _ _ - , _ ~ ~ .
~~,t-~ ~ THI5 I5 A BALI~JON MJF~,AC~ AND THE FTN~1L PAYN3~NY` OR
f1~`J WORTaAOE pEHO r~~+ ntn+ ~ r~ty+~v T~• S I/~ qAMCO FORM RE6
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i."~ ~E?i.~~S~ I~NTS MADE BY Z'f-~ N~RTGAC~ U3DER TF1E TF~tiS OF THIS ~O
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E~ ~_=i ~ fix~cu~~~d ?i~~~ 6th rlay oJ . Aprii A. l~.'t982 6y
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` G & J PARTNERSHIP III
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p 1ie~~inaJf~r callec~ tl~e ntort(/npor, fo ~
~ BESSIE S. BAUER and ~7AMES M. CRONIN
Iierein:i(ier~c~Ilecl tl~e morl~aflee: '
{ (~Yhcrc~cr used harein the trrnu "mortga~or" and "mortqaqce" include all the partia to thi~ imtruiatat and the heiri,
~ leqal reptcsenuti~es and assiqns o( indivi uals, and thr sucuswn and wi~ns ot torpontioat; sad tht term "nott"
indudes all ~he notta 6euin dexribed i( morr than onr.)
~itnesseth~ t~i~l ~or {~oocl anc~ ua~ua~je consic~erations, anc~ a~so in consideration oJ t~~ ~;~gre,
_ gale sum name~ i?i !Re prontissory nole o` ev~n c~afe ~ieretuitl~, ~~nreinufter ~escr~uec~, the ntor~flagor here- .
, by flrartts. 6arf~ains, seI(s, aliens, .remis~s, con~~eys aricl confirms unlo the mortfla~ee all ihe cerlotn [and
. of ivhic~~ the morl~p~or is noiv s~izec~ anc~ in possession situa:a in St. LUC1E'. Couniy,
I'~oritla, niz: ~
PARCEL I: ~
Commzncing at a concre~e monument at ~he Northwest
c~rner of the Northea~t 1/4 of Section 15, Township
+H~ ~u~~t - 35 _South,, Range 44 East, St. Lucie County~ F?orida,
_ co~Mrr run South 89 ° 29 . 5' East, along the North Line
~ ..r ,
~;~f~ii=- Q_._. of the Northeast 1/4 of said Section 15; 100 feet to
. ~~Q' q-` a concrete monumer_t; thence along a common boundary
: o'; ~ with lands of the Florida '~ast Coast Railway Company;
_~Q , run South 00 ° 37 . 5' East, 26U . 3 feet to a cor.~re~e monu-
ment and the Point of Beginning; thence South. 89
. ~ 29.5' East, 60.0 feet to a eoncret~e monument; thence
x:`'~~~' Sou~h 40°52.5' East, 357.6 feet,to a concrete monumen±;
' ~i~ ~ ,\i e o ~
,.r, t h e n c e S o u t h 0~ 7. 5 E a s t 1 1 1. 6 4 f e e t t o a c o n c r e t e i
i~-i'=~~ ~ monwnent at the Northeast corner of the land of the City
of Fort rierce;. the~ce run North 89°29. 5' West, aiong the
a ~ ~ ; ~ - ~
~1.~Z ~__N~ North line of the l~nds of the City of Fort Pierce, a55.85
~ `g " feet to a point cn the Ea~t line of the North-South alley
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in. Block 8, PINEWOOD SUBDIVISION, as per Plat thereof,
: '4== recorded in Plat Book ~5, Pa e 24, Public Records of St.
0~;~:_,~ , g
f~i~~41l~ll~it ~ Lucie County, Florida; thence run North 0°42' West, along
= the East line of the said North-South alley, 380.00
~ 8;E y~~; feet to the Northwest corner of Lot 7 af aforesaid
~ Block 8, PINEWOOD SUBDIVISION, thPrice run~South 89°29.5'
~ East, along the North line of said Lot 7, Block 8,
~ PIIJEWC~~ SUBDIVTSION, and the easter~y exter.sion thereof,
,y a distance of 265.25 feet to the Poi.n~k -of Beginning.
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~ PARCEL II: _
! Lot 8, Block 8, PINrWGaD SUBDIVISION, as per P~lat
I ther~of as Recorded in Plat Book 5, Page 24, Public
Records of St~ Lucie County, Florida.
Upon the mortgagee receiving the first eight biannual payments due ~ $
upon the above-referenced promissor~~ note, the first of said pay-
ments l~eing due on October 6, 1982 and the eighth payment becomeing
. due on Apri1~5; sS85, the i+~iortgagee shall execute and deliver to the
Mortgagor partial releases af mortgage providing for the release of
- one lat as con~ained in Block 8 of Pinewood Subdi~~ision as described -
~abov~. The-payme~t of all monies due by the Mortgagor on October 6, ~
i~1982, shall entitle the Mortgagor to receive the release of Lot g,- _
IBlock 8, P3newood Subdivision. The payment of the monies due under
Ithe second biannual payment through the seventh biannual payment.shal
,~entit~e the Mortgagor to receive a partial release of Lots 7, 6, 5, "
(4,~3 and 2, res~ectively, and all being of Block 8, Pinewooa Subdivi-
~sion with one lot to be releasec~ upon each payment made. Upon~the
~`receivt of thE ninth payment due on October 6, 1986, the Mortgagor
~Isha~l receive a ralease of the ~t~ foot portion.af Lot 1 of B1ock 8,
,.,PinPwood Subdivision which is the subject of the above mortgaged
- ~ iproperty . .
~ THI I A P ~v
. S S URCHAS~ MONEY F IRST MORTGAGE . ~~K p~~ (~"~'U
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