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1~ORTGAGE OEEO RAMCO FORM J21Y i8653;~
f~e~ Cwpaot~o~ te CxVerol~o~
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Ex~uted ~he 26th day oJ ~~r A. D. t~9 by t
CITRUS_ RIVER COLONY, INC. ;
a corpornlion existing unc~er fhe ~aws of State of FlOrida . and having its principa~ p~ace of s
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6usiness at Midmi, Florida ~
~eereinajter ca~~ec~ ihe morfgagor, to ~
BARBARA IQ,INE }pUSTON ~
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J~oi~~fd~[X •
hereina(ter called the mortgagee:
(MAcm~cr uxd Aercin ~Ae urms "moctaa~or'• aad •'mortsa~ec•• iaclude all tbe puties ro t6is imtnemcat aad tbc Aein,
k~al repnxoutives and assisro of ind~~n"duals, and t6c euccesson and assiam ot corporations; and tbe urm "note••
includes alt t6e aotes Ae~eia dacriAtd i( mwe t6ac ooe.)
~~~~eU`~ fhn! jor good and aalua6le considerations, and nlso in consideration of the a99re-
yate sum namec~ in the promissory note oJ even date herewith, hereina)ter descri6et~, the mortgagor here- ~
6y ginnts, bargains, sells, aliens, remises, conveys and confirms unto the mortgagee all the certain Iand
of which the morlgagor is noiu seize~ anc~ in possession siluate in St. L11CiE Counly,
F~oric~a, viz:
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~ Parcel No. l: Beginning at the Northwest corner of the
~ Northeast 1/4 of Section 17, Township 34 South, 1?ange
~ 40 East, run S 1°42'12" E 672.8 feet; thence run
: S 24°16'34" E 222.4 feet; thence run S 89°38'04" E
615. 76 feet to the West rightrof ~aay line for Old ~
Dixie Highway; thence run N 18°35'24" W 673.20 feet;
~ thence run N 89°46'S4" W 117.37 feet; thence run
a 12°27'17" W 245 feet to the North line of said Section
d~ 17 ; thence run N 89° 47' 42" W 342 feet to the point of
f ~'o ! ginning. ` ~
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~ Parcel No. 2: Fran the Northwest corner oE the Northeast ~
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~,r 1/4 of Section 17, Township 34 South, Range 40 East, run
R J~ z'~ S 1°42'12" E along the 1/4 Section line 672.8 feet to ~
~ s z the point of beginning; thence run S 24°16'34" E 539.91 ~
~ ~ ~ W ~ feet; thence run N 89°38'04" W 242.46 feet to the East x
~ '~'Y " rightrof-~aay for U. S. Hig}~way No. 1; thence run ~
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~o ~ O N 24°16'34" W along said rightrof~aay 539.15 feet; ~
o thence run S 89°42'S6" E 242.3 feet to the point of
G « ar ;
- ' ~ _ - ~ beginning. ~
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~ N°~ Mortgagee agrees with the Mortgagor to join with Mortgagor
in signing a Plat for subdividing said land or any por•tion ~
~ thereof, if and when required. ~
~ In event said property is subdivided, upon the sale of any ~
~ E lot or lots, the Mortgagee agrees to release said lot or ,
c lots to the t~ortgagor on the follawinq basis:
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_ ~ $40.00 per front foot for land fronting on U. S. ~
~ Highway No. 1 and zoned for business, to that depth ~
~ x~~~ to which highway frontage in this area is presently
~ _'-,'~u~, zoned for Business; and/or $500.00 per acre or
~ $125.00 per lot (80' x 100') for the balance of
~ subject land.
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Payments for partial release shall be applied
~;i toward the next ensuing u~ortgage payment , and
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~ Mortgaqee aqrees to furnish such releases within
~ .c,R one week after receipt of written request therefor. ~
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~ i THIS IS A PUI~HASE I+IONEY MORTGAGE.
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~ gooK1~1 PacE1317
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