HomeMy WebLinkAbout2349
i
Cor~oration and th~ mort~;a~~ed properC~,r it7 tr~e r~est 1/2 of
Section 36, Townsrlip 37 Sout~, R~n~,e 38 East will be tran~~~rre~
by Cen~ter Lake to ~'urpura, or his :iominee ; and,
~J.iEREAS , both parties have requested the ~sanh to ak;r~e
to look to tne part c~f ~Che pled~ed and mort~;a~;ed assets which
they, or their nominees, will own as security for their respec-
tive indebtedness to t:~e ~ank; and,
,•:ci~;iZ~;AS, ~'urt~ura has requestec? the 3a~ik to Lelease from
the lien of its mortF,a~?e that ~art of the raor~Ct~,a;;e:i property lyi.nn,
in tne ;~outn 1/2 0~ Section 36, To~ms~~iL 37 South, Ran~-,e 38 East;
:;0:~, ~i~t~R~~FOiZL, 'i:IIS .~G?2~:'r:^`w:vl' .°~IT.d~~St~`I':i:
T:~at for and in corisiaeration ot the vrerr;ises , as ~~ell
as in cansideration of On~ uollar and o~Ciler valuanle considera.tions
respecti_vely ~aid by eacn ~~art_y to the other, t:ie receir~t :a'riereoL
is h~reby acknow~.ed~-,ec~, ~he narties rio a~,ree a~ follows :
1. ~I'he part o~ the mcrt~ar,ed property described in the
rnor~~,a~~e rec~rcl~d in Otficial R~~cords ~ook 126, ?age 37~, PuUlic
R~co~ ds ol ~t. Lucie C~unty, i loricia, I.yin ; irz Sections 25, 26 and
35, Townsh:~p s7 ~outn, Ran~;W 3~ ~ast, ~t. Lucie ::~unty, rlori.ua,
shall b~ security ~or tne Center La};e note and not yar tne .~urpura
note, and th~ part oz said rnc~rt~a~;ed _~rot~~rty lyin~. in ~ection 30,
iOt•1I15I71.J 37 ~ou~h, i:~r.~e 3~ Last, St. Luci~ Caunty, ~ lcrida, snall
be security icr t:,e Ptlrpura note anci not for ~r;e Center Lake r.ot~.
2. 'rhe n4~t~ anc: n:ort~a=e ~at~c~ ~~.u:~ust 'l3, 1965, froT
:,a~~1 Corporation to ~enter Lake Corporation, f~s `irustee, whicil
was assi~ned :~y assi~n;^ent recordea in 0"rricial :<ecord~ ;scok 125,
i'a~;e 38u, PuUlic i:ecords of ~t. Lucie Coun-t_y, Floric.;a, anci that
.
part of tne r:ort~ar~d ~~rop~rr~ de:~cri~eci in L:~° ;:~ort;~aF~e reco7,c:~c
~ in ~rficiul i'.~cora_~ :so~k 126, Pa4,e 37n, ~uulic itecords or ;~t. Luci~
County, tlorida, shail. be securi~y ior t;~e ~'uraura note anci not
for the Cerit~r Lur,e note.
s
~ ~
t
t
_2_
~