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HomeMy WebLinkAbout1850 O. R.' BCC'~ i I 40U <; T. LUCIE C~I'Nn, rLA. 10. The Purchaser agrees that prior to any other :ands being released fx-om the lien of the mortgage held by Circle M. -- Ranch, Inc., as in Mortgage Book 136, Page 94, St. Lucie County, Florida, Public Records, all of the la~js in Sections 25, 2c, 35 and 36 and the sixty (60) acres in the Southwest corner of Section 121, Township 37 South, Range 38 East, S~. Lucie County, Florida, IShall first be released. It is the intention hereof and the Pur- chaser does so covenant and agree that all payments on principal on said mortgage shalY apply towards the obtainin~ of tne release of lands hereinabove described before any releases may be obtained of lands to be conveyed hereunder by Seller unto Purchaser. 11. The Purchaser agrees that he will undertake to procur0 a road right-of-way from the landa to be conveyed hereunder to con-i nect with Wrlght-carl ton Road, as sho\'in on "General Highway and I I Transportation Map, St. Lucie County, Flori'da". Purcnaser furt:-.er I I agrees, covenants and warrants that if such right-of-way can be pro~ I I cured he will, within one year frem the date of closing this trans-i I action, complete the construction of a pass~ble road, suitable for I passage over it and UBe on it of ordinary passenger automobiles and! motor vehicles custo~arily used in the citrus business, connectinb I i I Road. It is understoo~ and agreed that the closir.g of this trans- \ action is contingent upon Purchaser being able to procure said I Iright-of-Way and Purchaser agrees to make diligent efforts to obtBih I I I I transaction fail to close because of Purchaser1s inability to pro- I cure the necessary road right-of-way as herein described, the I I \ \ Purchaser further covenants and agrees that it will grant I' to Seller, its successors and assigns, an easement over at least I I the property to be conveyed to Purchaser witn said Wribht-Ca~lton said r1ght-of-way~ It is understood, however, that ehould this $10,000 deposit receipted for herein shall be refunded to Pur- chaser. -6- ~