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HomeMy WebLinkAbout1921 f~.am l:: Fla~d~ \1~)P Il~1liL [)f'.ED F..~ Vo„~~.~•~ 4.....J,~~ ~ i~ ~ V - i f~. ~ x ~nn ~ ~ ! ~~~~V I ~ . ~ ~ ' ~ N Ai~rri. y.nt M~~~. M~ f~ r+~ "parfy. sA~JI ~~,-Ird~ 14+ b~n. srrac.wul Npn~wfuf~ril. aw.., a„1 -ar .aai~~~. ..i /A, r.aP:nn ~•?f~~~ Ar.if.i. IA, u., wf fM ~~~/ufa. ~uiwArr t:..~i; rw:lnrl. fAi l.7on~' .iw,t IA. plary; 1Ar ~/M~YINI I~i ..a. •y .~wy Nw~tir d.ilf ~~.~ludi ul; r~w~t~n. etd. ~J u+~•l. fA. f~rw, '~~„b" slw:: ~w: (lul~ a!i fAr weMa. A. r~w Jis:.drJ tf n~.w ~ ~ e tAu~ ww. ~ ~ W C:xeeuted the 5~ day of January ,f1. D. 1y 72, v4 ; by HALLMARR CONSTRUCTION COMPANY OF FLORIDA ~ i o a corpu*otio» ea~strng under the laws of the State of Florida , _ 4~ a~:d iaavin~ its principal place uf buciness at Orlando, Orange County, _ ~ Florida party c~f th.e first part,, herei-n.after called the .~tortsa~ar, to ~ ~x COBERGER CORP., _ ~ . of the. County oj Dade .State of Florida party of the ~econd ~rt,lr.erFi.nafter cc~tled the JKortga~Fe, ` ~ g . v~ s~ ~itneg~et~j, That for ~li.vers ~oo~T an.d va.l~~.a.Lle eonsidc~rations, a.n~l cr,l.so r:a considenttion of'tl~e a~~'r~gutc~ sic»i- n.anae~l i~t tht~ pront.~sco»J note of ~r~Pn date here- rvith, l~Freinafter d~scri.Lr~~, tl~e s~ri~ .illort~ngni• ~loes 6ran.t,1 ar~s2i.~c, sPll, 2li~n., remisc, I r~leas~, conr~r/ a~i~l coi~firni r~nfo th~ laid .1~IurtPn~f•~, in fi~c~ cim/~1~, al.l thP c~rtnin truct of ltr•~atl, of ~r•/rich f/le sa.r:r~ ..lft?r#grr~~lr is r~ort• s~i~~~ ~~rr~l ~~n44~ss~{l, ~rn~1 a~ !~~ttc!t~ possession, sitzucte in. St. Lucie CorintJ, State uf Florida, T deseribed cr,s fotlows: ~ The NW~ of the NE~ of Section 17, Township 35 South, Range 40 East, All Of B10Ck "F" Of COLLIER SUBDIVISION Of SW~ Of NEi of Section 17, Township 35 South, Rang e 40 East, accord- G ~ ing to plat thereof recorded in Plat Book 4. page 63, Public Records of St. Lucie County, Florida. - Subject to easements, right of ways and deeds for road purposes of record. `z In consideration of the cash down payment made on the closing of the sale of the above described propert~, upon request of the m~rtgagor,the - Yy mortgagee covenants and agrees by the acceptance of this mortgage to ~ = ~ release 6.195 acres of the above described property as se~ected by the ; mortgagor without payment of any further consideration therefor. The mortgagee further covenants and agrees to release additional lands from ~ ; the lien of this mortgage from time to time in increments of not less € than three (3) acres each as selected b the mort agor at and for a ~ i " release price of Five Thousand Dollars ~($5,000.00~ for each acre re- ~ leased. If any of the lands upon which a release from the mortgage has ~ - been requested have been subdivided and platted of record, then platted ~ lots shall be released upon payment of a release price for each lot ~ equal to the foregoing per acre release price divided by the yield in s platted lots per acre as shown by the subdivision plat. After the firs K release, all lands released from the lien of this mortgage shall be " contiguous to lands previously released from this mortgage. The accu- ~ mulated total of acreage released from this mortgage shall at no time L- contain more than 10$ within 200 feet of 33rd Street. The mortgagee ~ shall not be required to give any release while a default exists on ~ this mortgage or the note secured hereby. Al1 principal payments on ~ the note secured by this mortgage whether such payment is an annual principal payment or a prepayment of principal shall entitle the ~ mortg~gor 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 F` of recordable subdivision plats of the property and any drainaye~ or uti lity easements required for development of the property and subdivision building and use restrictions on the property, and will consent to and cooperate with the mortgagor in obtaining such re-zoning and/or annexa- tion to the City of any portions of the property as may be desired by _ the mortgagor. ~ _ ~o ~abe anb ~o ~o~D the sa~ne, to~ether with the tenem.ents, heredita- 4 rnents and appicrtenances, unto the said .Mortgagee in fee simple. - .c~Itl~1 said .~ort~'a~or does covenant uZth scaid JKort~etgee that 8aid J4fort~'agor l~ is indefec~.sibly seized of said land in fee simple; that the said JKort~a~or has fccll . power and la~wful ri~ht to eonitPy said land in fee si.mple as aforeactid; that it afeall be lawful for said .Mort~agee at all tirrces peaceably an.d quietly to enter upon, hold, - occupy and enjoy said land; thc~.t saicl laru~ is free from all incumbrancea; that said .iKortga~nr will make sueh further a.sstt:rances to peifect the fee sinepl,e title to said _ land in said J1lortgagee as ma~ reasonably be required; and that sa.id .hiortgagor does hereby fully u•c~rrant the title to said land and will defend the same against tk~ - la,wful clairres of all persons who~nsoeuer. ~ /~n[~ z r_,`~/nW MIOSTATE LEGAL SUPPLV GOMPANV BOQKiV`J PAC~1~18 s t. . . . . . _ . - . _ ~ _ , . . . . . - . , ~ 4e . . . .