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under said note and under this mortqage i.s limited to the security ~
of the real property encumbered by this mortqaqe for all payments
under th~ note and this mortgage; and the MORTGAGOR shall never
be personally liable for the payment of any sums whatsoever unto !
the MORTGAGEES, their heirs and assigns, by reason of the MORT-
GAGOR havinq executed said note and the within mortgage. Nothinq :
herein contained shall be construed as prohibitinq the MORTGAGEES, ~
their heirs and assiqns, from having any and all remedies which
the law and this mortgaqe, and the note it secures, permits, as
long as such remedy does not include or extend to the seeking or
obtaining of personal liability aqainst the MORTGAGOR for the pay-
ment of said note or any payments required to be made under this
mortgaqe. -
8. In the event the taxes have not been paid on the mort-
gaged premises by the delinquent date of April lst, then the
MORTGAGEES shall have the riqht to accelerate the unpaid balance
on this note and the mortgage and foreclose the same.
9. It is further agreed between the parties hereto that
nothing in this note and mortgage shall be construed to authorize
or imply the right to place any lien upon the mortgaged premises
paramount and superior to this note and mortgage.
10. This mortgage is made, qiven and accepted with the under-
standing that the MORTGAGOR, its successors and assigns, shall
(subject to the provisions of paraqraph 11 hereinafter set out)
be entitled to releases from this mortgage upon the payments made
thereon in accordance with the followinq schedule, to-wit:
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ORDER OF RELEASE ` DESCRIPTION ~~~T
lst release when deal All that part of the SE 1/4 of $500,000.00
closes and down pay- 16-36-40 lying West of the main (downpayment)
- ment check clears channel of the St. Lucie River;
W 1/2 of 16-36-40; and
E 1/4 of 17-36-40.
,
E 2nd release when W 3/4 of 17-36-40 $500,000.00
lst mortgage payment plus accrued
made on 11/20/70 interest on
principal.
3rd release when E 1/2 of 18-36-4U; and $250,000.00
2nd mortgage payment S 1/2 of SE 1/4 of 7-36-40. plus accrued
made on 1/2/71 interest on
principal.
4th release when W 1/2 of 18-36-~l0;
3rd mortgage payment E 1/2 of 13-36-39; and $500,000.00
made on 3/20/71 SW 1/4 of 13-36-39. plus accrued
. interest on
principal.
3th release when NW 1/4 of 13-36-39; and $500,000.00
4th mortgage payment All of 14-36-39. plus_accrued
made on 8/20/71 interest on
principal.
6th release when Al1 of 15-36-39; lying S. $500,000.00
5th mortgage pay- & E of RR; except W 1/2 of plus accrued
ment made on f SW 1/4 of SW 1/4; asid All interest on
3/20/72 of S 1/2 of 11-36-39 lyinq principal.
S~ E of RR; and S 1/2 of
~ 12-36-39.
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BOOK1v4 PAGE~697
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