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RIDER A'ITACHF.D TO YJRTGAGE DATED JANUARY 3, 1963
FRCll NAVILLt5 DEVEl.OF\.fENT CORPORATION TO NATHAN
PHILLIPS. FINLEY P. :.t:\SS and ELT0N J4L'IpER. TRUSTEES
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I, The Mortgagees hereby agree, at the ~ost and expense of the Mortgago1
'lor any subsequent orner of the mortgaged-premises, to execute and o.eliver
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instruments in writing releasing portions of the mortgaged premises provided
that there is no default by the Mortgago, or any subsequent owner of t,he
mortgaged premis~s of any of the terms, condit~ons, covenants or payments
provided in the within mortgage upon the pa~nt of the sums of money (in cash
or certified check) as set forth below, ,together with interest at the rate of
15% per annum from the date hereof to the date of p~~nt.
Such releases a~d
instruments may be executed and ~elivered by anyone of the Trustees herein
named as Mortgagee acting singly, but in behalf of e~l of the Trustees herein
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II named as Mortgagee.
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-EARCEL I
a) $2,000.00 per lot for Lots 14, 15, 16, 18 and 19 of Block 2; Lot 23 of
Block 3; Lot 10 of Block 6;
b) $2,500.00 per lot for Lot 1 of Block 6;
c) $3,500.00
per lot for Lots 2 through 13 inclusive and Lots 15 through 23
inclusive of Block 3; Lots 1 through 16 inclusive, 18 and 19 and
Lots 27, 28 and 29 and Lots 31 through 49 inclusive of Block 4;
Lots 1 through 12 inclusive, 16 and Lots 20 through 39 inclusive
of Block 5;
d) $5,000.00 per lot for Lots 25 and 26 of Block 4; tot 17 of Block 5:
e) $6,000.00 per lot for Lot 18 of Dlock 5.
PARCEL II
Thi~ parcel shall not be partially released but must be released in its
entir~ty upon tIle pll.ymen t of the 8l1ll of Fifty '!'housand Dollars ($50,000.00) or.
all proceeds realized upon the sale thereof by the Mortgagor or any subsequent
owner, whichever is greater.
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