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HomeMy WebLinkAbout1182 South line of said Section 27; on the North by a line parallel to and 6~323.74 feet Northerly (measured at riqht angles) from the South line of said Section 27; on the West by the waters of the Indian River; and on the Bast by the waters of the Atlantic Ocean; It being intended to describe and mortqaqe the North 2818.66 feet of the South 3502.06 ocean front feet of said property in accorclance with the "base line" as shown on the Georqe S. Brockway survey under file No. TZrlPi-1109; and also PARCEL B: The Northerly 2818.66 feet of the Souther y 3502.06 feet of a parcel of submerged (and/or partially filled) land in (or formerly in) the Indian River in Section 27, Townahip 36 South, Ranqe-i41 Sast, described as follows in Deed No. 214383 from Trustees of the Internal Improvement Fund to William C. Schmidt,- recorded in Deed Book 224, page 202, St. Lucie County records: From the Southeast corner of said Section 27, r~n North 89° 38~ West 169.03 feet; thence North 23 38~ West-383.12 feet; thence North 25° 38~ West 451.22 feet; thence North 89° 38~ West 236.7 feet, more or less, to the mean high water mark of the Indian R~ver for the point of beginninq; thence South 69 15~ West 620 feet; thence North 22° 05' West 4,000 feet; thence North 69° 15' East 620 feet; more or less, to the mean hiqh water mark of the ~ Indian River; thence Southeasterly along said mean high water mark to the point of beqinninq. TOGETHER with the riparian and littoral riqhts appurtenant thereto or in anywi~e belonging. EXCEPTING FROM PARCELS A AND B the riqht of way for State Road A-1-A described in Official Records Book 74, page 407. ~ SUBJECT to any easements and reservations of record. IT IS FURT~R AGREED that the aforesaid mortgaqes, as hereby consolidated, coordinated and extended, are qiven and accepted upon the condition that the Mortqagee shall, ~n case of default, satisfy the obliqations secured by the mortqages, as so consolidated, solely by foreclosure and sale of the mortqaged premises, and that the Mortgagor shall not be personally liable for any deficiency. The Mortqaqor, fo~ himself, his successors and assiqns, hereby covenants and agrees that he shall comply with all the terms and conditions of the aforesaid notea and ~ortqaqea, as hereby modified. This Agreement shall be binding upon and inure to the benefit of the heirs, executors, adminiatrators, auccessors and asaigns of t- the respective parties hereto. t IN WITNESS WHEREOF, the parties have executed this instrument i00i(1~ P~E~i~ ~ - 3 - ~ ~f . . ~ ~ . . . - . . .