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lien of this mortqaqe on the followinq terms and conditiona:
(a) The Northerly 1800 feet of the encumbered premises
may be released in parcels of not less than 10 acres each ~
commencinq in the Northwest corner of the property encumber-
ed hereby and shall run from North to South in contiguous
. parcels, square in form whenever possible. Such releases of
land shall be qiven upon payment at the rate of $1,355.00 ~
. per acre.
(b) That portion of the encumbered pr~misea less the
Northerly 1800 feet thereof may be released in parcels havinq
an East-West dimension of not less than 100 feet as measured
perpendicular to the West property line of the encumbered
premises and having a North-South d3mension extendinq from
the water line of the St. Lucie River to a line which is 18Q0 ~
feet Southerly of the North line of the encnmbered premises.
Such release of land shall be qiven upon payment at the rate
, of $i,000.00 per acre.
~ Notwithstandinq any default which may exist from time to time
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as to any provision or covenant of this mortqage or the promissory =
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note which it secures, individual platted lots as delineated and
depicted on a subdivision plat duly recorded amonq the Public Re-
cords of St. Lucie County, Florida, shall be released from the lien
of this mortqage on the followinq terms and conditions:
(a) Individual platted lots which are situated, in whole
or in part, within the Northerly 1800 feet of the encumbered ~
premises may be released upon payment of a sum whic~i bears
the same proportion to the swaa of $1,600 as the number of
square feet contained in the lot bears to 43,650 square feet
~one acre).
- (b) Individual platted lots which are situated entirely
within the encwnbered premises less the Northerly 1800 feet
thereof, may be released upon payment of a sum which bears the
same proportion to the sum of $1,200.00 as the number of square i
feet contained in the lot bears to 43,650 square feet (one acre).
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