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Home My WebLink About0160 ~ F~~~m I:2 FI«~3a ~I(~RTGAGE [~EED Fa ~R.~~~•• ~.,...e,=i ~ i.. n l'wpv~~~~a I'1~^~~ A . Ir ~ V ~ ~ O ~ ~ ~ ~ N74.rrvr w.nl A~rri+~. t~~ hnw "A~•ty` sAolf ~~:lw.f~ 41i ~~n. lrrauwsl n~~~~:uRri~, ~u~c.a+w~ ~»4 ~w esa~t~a tA~ ~.ipr«in purfiia AlKIO. lAf tlV ~ ~AI ~JA~Y/t+ ~Y1qMI rwr:a4. tAa jlaiuT a~.t ~A~ ;-:rn~t tFr i;~~a.a~. tA~ :.s: •,f a~y j;FJir s~al1 ~~:t~de 4II ~t4dfH. 4~. ~I 4sFI. W If~M ~~AUf!` IyII MCl+d~.t!! W~ ~wtt~ .bn~a J~~rnlr/ S/ wwr NY1~ MI. N;xecuted th~ 14th day o~ December ,q, D, 1y71 , by HALLMARK CONSTRUCTION COMPANY OF FLORIDA i a corporation existin~ under the laws oj the State oj Florida . ~ and hai~in~ its principal place oj btcsiness at party oj the fErst part, hereinafter culled t.lee ~~lortsa~or, to LAURA HANCOCK, as trustee ~ oj the County oj St. Lucie State oJ Florida ` partJ of the second pa.rt, hereinafter catled tl:e JKortgagee, ~i~negget~j, Tha~t for ~ivers good and valruible consulerntions, and also i.n eonsidercition of the ctggregafe ~stcm name~ in the prontissory note of even date here- ~ ruith., hereinafter d~scribed, the said .htortgagor ~oes ~Sinnt, bargai~a, sell, c~lien, remise, ~ ~ release, eont~eJ a~t~ confir»t• rcnto the s~7id JElortgagPP, ir~ fee sim>>le, all the certni.~a ' tra.et of lancl, of whi.ch. tlie saicl .1Kort~a~sor i.s nou~ seizecl ~~nd poss~sse~, ran~ i.n aetrtacl = possessi,on, situcate in St . Lueie Corc~aty, Stute of Florida, - described crs fotlows: ~ ; 3 The East 1540 feet of the N~ of the SW~t ; of Section 32, Township 34 South, Range ~ 40 East. . ~ Subject to easements of record for public roads, telephone and tele- ~ a; graph lines and canals. W ~ Upon request of the mortgagor the mortgagee covenants and agrees by the Y~~ acceptance of this mortgage to release 5.6 acres of the above described W o property as selected by the mortgagor without payment of any further j ~ z e consideration therefor. The mortgagee further covenants and agrees to # ~ m~ release additional lands from the lien of this mortgage from time to ~ J=~ time in increments of not less than five (5) acres each as selected by W ~ the mortgagor at and for a release price of Three Thousand Five Hundred ~y ~ t Dollars ($3,500.00) for each ~cre released. If any of the lands upon ~ z which a release from the mortgage has been requested have been subdivi- ~ t ded and platted of record, then platted lots shall be released upon : Q pay~sent of a release price for each lot equal to the foregoing per acre # ~ ~ release price divided by the yield in platted lots per acre as shown by ~ ~ the subdivision plat. After the first release, all lands released from : the lien of this mortgage shall be contiguous to lands previously re- ~ leased from this mortgage. Any lands released which border Juanita ~ Avenue shall include in such release one acre for each 40 feet of F frontage on Juanita Avenue contained in such release. The mortgagee ~ shall not be required to give any release while a default exists on thi ~ mortgage or the note secured hereby. All principal payments on the note secured by this mortgage whether such payment is an annual prinei- ~ pal payment or a prepayment of principal shall entitle the mortgagor to ~ releases in accordance with the foregoing provisions and all sums paid ~ for releases of property shall be applied_to the next principal payment ~ or payments due on the note secured by this mortgage. The mortgagee will, upon request, consent to and join in the execution of recordable ? 1 f~ t L~ 1~ 1~~ Lw sunaivision plats oz tne prope~ty and any ~rainac~e ~r uu~~~Y caseu~~.~a required for development of the property and subdivision building and ~ use restrictions on the property. , ~ '~s ~o ~abe ana ~o ~o~b ~ sacm,e, to~ether with the tenements, heredita- : = ments and appurtenances, unto the said .hfortgdgee in fee sirrcple. ~ t~ttl~ said .hfort~d~or does couenacnt with said JKortga~ee that said Mortga~or - is indefea.sibly seized of said land in fee si~rtple; that tlu~ sdid Mort~d~or has fcclt power and lawfut right to eonaey sciid land in fee simple as aforP.aaicl; that it shall be ~r~ k: lawful for said .Mort~a~ee dt all tirraes peacea,bly and qui,etly to enter upon, liolal, = occupy and enjoy said land; that said land is free from all incu~nbrdnces; that sQid .~i J?fort~a~nr will make such further assrcracnces to pe~feet the fee Simple title to sdid ~ ldnd in said JKortgacgee ccs may reasonably be required; and that sa,id .1Kortgagor j _ doe8 hereby fully war~nnt the title to said land and will defend the sama ac$ainst the = la,wful claim-a of dll persons whomsoever. MIDSTATE LEGAL SUPPLY CQMPANV . ~/pw R ~,~5 PAGE ~oor . . _ _ - - _ . _ ~