HomeMy WebLinkAbout0211 d. The fourth such release shall be on April 1, 1982, at
which time the Mortgagor shall pay, in castz, to the
j Mortgagee the amount required by the Mor~gagee for said
release, which amount Mortgagar agrees shall be determined by
~he Mortgage~ in its discretion at the time o~ said release,
~ plus a~ee of twc percent {2`~6) on said amaunt .
' Notwithstanding anythinc~ to the contrary set forth in
~ a, b, c, and d above, the Mortgagee shall have tl~e optio:~
~ at the ~ime each respective release is made to require
f from the ~iortgagor as payment th~refor an amount equaz
~ to the product which results when ~.he then outstanding
principal balance on the promissory note secured hereby
is multiplied by the quotient obtained by dividinc~ the
nu3-nber o~ acres to be released by eighty (80) .
~ f re oin Exhibit A is here~ ir.cor ora~ed
IN YJITN~'SS ~r'HEREOF the o g g Y P
in the executed mortgage which precedes i~..
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, rTitnesses : BA~'-IVI~ . i ~ I~?.
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~ Tr~i~.liam Jewe1L ~
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Caraline Waters Je' 11
STATE OF FIAi~IDA
; COUI~i'1'Y U' F OR,ANGE
I HEREBY CERTIFY tha~ on this day before me., an ofticer duly
~ autnorized in the State and County af.oresaid to tare ac;:nowledgrients
G ~ersonall~j appeared Robert L. ~:agner and F. Burton S.nith, ~nown to
" me ~a be L'ne President and Secretary of Bay-Niill, Inc., a corpora~ion
c organized and now existing under t'ne laws of the Sta~e o:~ I`loricia
and who as such officers executed the foregoing instru:.~ent and they
ac]tnoY~l2daer~ be_ore me that they execu~ed tne saicl ins ~ru~ent as
sucri of~icers in the name oz and ~or and on behal~ o~ said corporation
fr~~1y an~ volun~arily ~or the uses and puzposes tnerei.n e::presse~
and with ~ull authority so ~o do.
IN .~ITi~7ESS ~ti'I~REOI' I have h~reunto set my hancl and ~ea~ t:~is
day of riay, 1965. - , ' -
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C ~~-'~-~1 ~ - - . ~ .
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?,r,~~nii.Y hf7?!~='~3~ 4-_ . . . r. ~ .
STATE OF FLORIDA a -
COUNTY OF ORANGE ` ~
I I~RE~Y CERTTFY ~hat on this day before me, an offic~r du~.y
~ authorized in ~he State and County a~or~said to take acknowledgm~n~s
gersonally appeared ~nlill.iam Je`+r?e11 and Caroline ~yaters Jewell to m2
knawn i.~ i~e the persons described in and who executed the foregoing
~iortgage, and ac'~cnowledged before me that th~:y executed tize ~ame for
the purposes therein ~:xpressed.
P7ITNESS my hand and official seal in the Coun~y and Stat~ lasfi.
afaresaid this~--~day of i~Iay, 1965. -
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