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HomeMy WebLinkAbout2064 . . , sciiLOUiaa . . ~ PARCGL lt j ~omA~ence a~t Uic intcrsection of the center line of U. S. Highway No. 1 and th~ ~ , East-h~est 1/4 Section line of Section 22, Township 35 South, Rango 40 Eastj thence run South 89`ZO• East along said 1/4 sectfon line, a distance of 5Z3•t ' thence run Soutl~ 0•03' West, a distance of 75• to point of fntersection with ~ the South right of way line of Savannah R~oad and POINT OF BDGINNIt~iG= ~ ~ From said paint of beqinning run South 89•20' East along said South right of ~ ~ vay line of Savannah Road, a distance of 542.9' to a pointj thence run South ` 40•11'30" Bast, a distance of 100.85' to a concrete monument; thence oontinue to run South 40•11'30" East, a distance of 791.35' to a ooncrete monwnent= tnence run South 25•38'30" East, a distance of 864.72' to point of intersectica with the t~brtherly right of Way line of the right of Way of the Florida East Coast RailWayj thence run South 69•3~'40" West, a distance of 761.62' to a concrete monumentj thence run South 20•27'20" East, a distance of 50' to a cqncrete monimient; thence zun South 69•32'40" Flest, a distance of 94p.16' to a concrete monumentj thence run Abrth 0•03' East and p~urallel to the center ; line of U. S. HiqhWay No. l, a distance of 2Q0.11' to a concrete monument= thence oontinue North 0•03' East, a distance of 80' to a concrete nwnu¢aent; i thence run North 89°20' West, a distance of 317' to a ooncrete monu~nent and 1 point of intersection with the East line of the City of Ft. Piarce Right of ~ Way; thence run North 0`03' East alonq said East line of City of Ft. Pierce Riqht of Way, a distance of 100' to a concrete monuaenti thence run South ; 89°20' East, a distance of 317' to a ooncrete monuments thence run North 0• ~ 03' East and parallel to the center line of U. S. Hiqhway No. l, a distance ~ ~ of 400' to a concrete monumentt• tiienca run South 89•20' East, a distance of - i 250' to a concrete monument; thence run North 0•03' East, a distance of 650• ~ ' to a concrete a~nument; thence run t~brth 89•20' West, a distance of 357' to ~ a wncrete monwnent; the~nce run i~orth 0•03 • East, a distanoe of 309.2' to a concrete monument= thence run North 89•20' tvest, a distance of 10• to a ooncrel.~ monu~ent; thence rwn North 0•03' East, a distance of 169' to a ooncrete monu- mentt thence run South 89•20' East, a distance of 200' tc a pointi theaoe run Norta 0•03• East, a distance of Z00' to point of beqinninqj PARCEI. 2 : ~ ~ Easement for ingress and eqress and righta for parkinq on aAd across tna South ~ 100' of the North 1903.2' of the West 83' of that part of the South half (1/Z) • , of Sectior~ 22, zb~nship 35 South, Ranqe 40 East lyinq East ot tl~ Sa~t riqnt of # xay line of O. 8. diqhMay l~b. 1~ ~ . ~ i - . ~ ~ ~ . ; . This is a purchase money mortgage given by the mortgagor to the ~ mortgagee to aecure a portion of the purchase price of the real property described above. The holder of this mortgage ` shall re2ease from the lien hereof portions of the above described ; ~ real propert based u on an en ineerin Y p g g plan of development to be prepared by the mortgagor and to be approved by the parties (such approval not to be unreasonably withheld) upon payment' on account of the balance due thereon of a aum equal to 110x of pro rata, ' except that the following deecribed real property ehall be released t last. to-vit: From the intersection of the East-West 1/4 Section line and the ~ centerline and the centerline of U.S. HighWay No. 1 in Section 22~ Tovnahip 35 South, Range 40 East, run East 40 feet to the East 3 right-of-Way of U.S. HI ghWay No. 1, thence run South along said ~ right-of-way 1803.2 feet to the point of beginning. thence continue South 100 feet, [hence run East parallel vith the 1/4 Section line ; ~ 400 feet~ thence run North parallel with U.S. Highvay No. 1, 100 ~ feet, thence run West parallel with the 1/4 Section line 400 feet to ~ " the point of b.eginning; less the West 83 feet. ~ Further, following the release of the first portion released from the ~ lien hereof, all further releasea ehall apply to contiguous areas. ~ All required amortization of the note to secure payment of Which ~ this mortgage is made ahall entitle the mortgagor to releases of ap- ~ propriate acreage and all pay~ents for releaaes ahall apply to ~ required amortisation. ~ ~ a ' DV~w~ .i= ~ - ~ ~ f ~ _ . a~-; : ~ .""~:~'~5~~.~?': g, ~"~C-' . . _ ~ ~ 3.;""h'S"°:;'~~~--~~'"~',