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b~.+~w.~ 111 ~Ieat 50 Streat, Suite 33-50~ Nerr York 20, New Yark .
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. HARY B. Cl~1tt.7~'OH, 1908 Colonial Road, Fort Pierce, Pior .
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. ~ ~ ~p' ~ ~ p~i~soM COnlww'Ot~Oi~i. AIId ~i0 11~ CotY~ioit Oj ~N ~M'
~fs w~w ~ tn tlN pro~tsaoq? not~ o~ ~v~n dat~ ~iw+~wifi~. I~wrins~tK daa~6~d. t1~ ~e~o*
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, o/ ,r~id~ el~. ~wo.tvapor ta now .~d a~d i~e pos....iow dh+.e. a~ St . Lucie CO~"h'~
Flo~dda. ds:
The Soufih 1055 feet of iche SB~ of . the NW} And 'tbe Soutb 1055
feet of the St~i~ of I~iB~ and the Seutb lOSS feet of the SB} of
I~18} of Section 9 lying Sast ~ of the Sast rigbt of rray of Carltoa
Road, Towns2?ip 36 South, Range 38 Sast, St. Lucie Countq, Plorida.
That part of the Souih~} of Sectian 9 lying UTest of the 1~lest ;
right of way of Cariton Road, Townsbip 36 South,.R~nge 38 Bast, .
St. Lucie Coun#y, P~orida. - ~ ~
~ ~j The aortga g~~ shaii 'ake and place per~anent i~provea~ents upon ~
i : said described lands in aa.a~ount aot lesa thaa ~35,000.00 ~
! ~ during year fro~ date of this ~ortgage, whicb said i~proveaents
' ~ay consist of, but not necessarily be lioited to cleAring,~ . ;
- _ bedding for citrus, purcbase of aad planting of c~trus trees, ;
ditcbing and ~diking. A1! citrus trees so plabted on said lands
shaii be cared ~or in~a good and busbandiike aaaner in keeping ;
riith cit=us busbandrq as practiced in St. Luci~_.~ouaty, Piorida._
That in case that due to weather, cliaate or otber act of God ~
• tbat ~ortgageR is prevented froa piacing per~anent inpruvements
" upon said propertq during the first year ,fraa date of this mortgage, r
' tben in that eveat, the mortga~R sha21 pi~c e a su~ in escrow
with the Plorida~ ank at Pt. Pierce, PloriBa, based on the fol- .
~ lowing for~ula; t3rwit: ~
t ' 1. ;35,000.00 less the value of per~anent isprove~ents
t piaced oa the tand one qear froa date~~ of this mortgage.
~ 2. Tbat said su~ provided for in the furmula zs to be heid
in escroM until the ~35,000.00 in isproveaents shail be
~ piaced upon the lafld. ~
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