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, I, l ~_I: i E C:: L N T ~, F LA,
principal payable in five equal annual installments of $2,U59.bo plus
interest at 670 payable semi-annually on the remaining balLillce. First
principal payment ~tlY 2Jrd, 1<J56, first interest payn:cnt November 23, 1~,J):),
and
\.JHEREAS, this property was subject to d second morq,,;.ige in the
or igina 1 amoun t of $ 18, 190.20 executed by COHMERC IAL SECl'1UTIES CORPORA T 10:\
(nol~1inee of lIENl{Y E. WOLFF, as Trustee) and given LO CHH.ISTIE POLITIS, et
.11 dated September 16, 1957 and recorded in St. Lucie County, Florida.
Principal payable in five equal annudl installments of $3,L3804 plus inler~',1
,It 6", payable anllL:.1l1y on the remdining balance. First pt'incipal and iolen q
;>dy;nel1t due September 16, 1958, and
\'lHEREAS, a third 1 ien executed by GEORGE ,^.. S UION as Tru::; tee J C~:
\JALTLR HART was given to HENRY E. WOLFF, as Trustee for ER\HN SHARPS, H,V I::!.
!;Er~HJH.t-; and ELIZAl',ETH \.J1lITF dated November 1, 1958 securing an origin.ll
indebtedness of $6,u74.00 plus 6l interest pdYdble annually. Princip.ll
payable in four equal annual installments of $1,668.50 plus interest. first
interest and principal payment due November 1, 1959.
WHEREAS, the consideration for the conveyance of said property unL0
the s..lid GEORGE A. SIMON, as Trustee, was furnished by the parties to this
ins t rument as wi 11 here inafter be more spec ifica lly set forth; and
WHEREAS, the acquisition of said property has been selely for
invesbnent purposes and not for the purpose of subdividing, platting or
selling said property out in small parcels, the parties to this instru-
ment having acquired said property for the purpose of a sale, if and when
a sale can be consummated, to realize a single long-term capital gain;
and
WHEREAS, the said GEORGE A. SIMON, as Trustee, now desires to
execute a formal Declaration of Trust acknowledging that he is holding ritle
to said property in trust upon the terms and conditions hereinafter s~t forth;
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