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Exbcutad e1~. . 2~ ~y oj December A. D. 19 68 by
PROP$RTY I~I~NAGSMSN'P GRiOUP, , Inc .
0 oo.po~eron ~et~ ~ ehe Iaw, o~ Florida . cncl I~uning its principaj p~ace o/
6ua~ss ae Route l, Hutchin~on Ialand, Stuart, Florida, 33494,
1~ereinafeer oalled the mortgagor, eo
PBILIP WSINSR, as TRUSTES,
who~e po,tojJ~e add~s ~ Firat National Bank Building, New Castle
Pennsy~vania,
he~+ei.~n/eer ~xiiied ei~e nwregagee:
cwr~.+..~ o.ea r~;. a~ k... „a .~s,sa., ~u a~ ~u~. w ee~. ,~a ~ r~
t~ ~ .~.~¦naK. „a ot ,~an.ao.e. ,.a ~ ..~.s ~.a at ..a ~ a.m •..oo~.
~s .
~f i.d.an .n t6e .ae. sereiw' de~aisea it .u.e m. o.e.)
~LLI{~1~~ that (or good nnd valuable considerations, and also in considenntion oj the aggre-
gate aum naened in tl~e promiaaory note o/ even date herswith, hereina/ter descri6ed, the mortgagor here-
by gmnb, bagaina, sells, nliena, remiaes, oonneys and oon/irma unto the mortgages all ti~e cvartain land
of whicli t~ie mortgagor is now aeizec~ and in posseaaion aituate in St. L11Cle County.
~o~a, uiz:
Government Lots 6 and 7, Section 11, and Government I,ot ;
2(less right-of way of State Road AlA as in Official Recorda
Book 74, page 462, St. Lucie County, Florida, public records),
Section 12, all in Tawnship 37 South, Range 41 Ba~st, 8t.
Lucie County, Florida. I,$SS the Northerly 250 feet thereof as
measured along State Road AlA.
The Mortgagee, his heirs or assigns, will make, execute and
deliver Partial Releases of this mortgage to the Mortgagor, ~
~
its successors or assigns as follows: ~
~ A. Upon receipt of each of the annual payments of principal
of $50,000.00 there shall be released a parcel running
f
from Ocean to River and 80 feet in width as measured ~
I~ lineally along State Road AlA begi.nning at the Northerly ;
~ Boundary of the mortgaged land and running contiguously ~
thereafter to released lands, and its $ast T~est property
line shall be parallel to the property released i.mmediately
prior to such payment.
8. Additional parcels running from Ocean to River and having
a width of 100 feet or more as measured lineally along
~ State Road AlA and contiguous with previously released
parcels may be released upon payment by the Mortgagor,
its successors or assigns, to the Mortgagee, his heirs or
assigns, of the swn of $575.00 per lineal foot released.
Al1 payments for release of said additional parcels shall
constitute payments of the mortgage and shall be applied to
payments due in the inverse order of their maturity.
RECE S ~ 0 IN PAYMENT OF TW(E$
DUE N' 'C IHTANGISLE PERSOi~IAL PROPERTY~
PUR T TO CNAPTER 20724. ACTS OF 1941.
ROG POITR~'.S. Clerk Circuit Court
as r~t for CURTIS tA. IAf~ES
St cie Countyr T Ilectot ?
~ t ~ v ~ € .
DEPUiY CIERK ~f~1s ~^+r""t p~°~
~~Y~ CW~RY 6 GRARY, ATTORNEYS
201 First Notio*a~ B°f1k B~'
yT1JAR7. FLCRIDA 33494
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