HomeMy WebLinkAbout2079 5. Notwithstandinq any othex provisions contained in this ~
Purchase-Money Mortgage to the contrary, the Mortgagor and Mortgagee
agree that the amount of this Mortgage has been based upon 920.77
acres in St. Lucie County and 707.84 acres in Martin County being
sold by Mortgagee to Mortgagor and that said number of acres in
each County is subject-to final determination and certification by
the surveying firm of Stafford and Brock, Stuart, Florida, (the
surveyors jointly employed by the Mortgagor and Mortgaqee). Upon
*
such final determination and certification/ acreage
so sold, but not later than six (6) months after the date hereof,
this Purchase Money Mortgage shall be subject to modification by
separate Mortgage Modification Agreement to ad~ist the amount of
the indebtedness secured hereby by debit or credit based upon such
final determination and certification of the acreage sold in
accordance with the acreage prices and terms of the contract dated
December 8, 1971, between the Mortqagee and William F. Mitchell,
as Trustee. The parties covenant for themselves and their successors
or assigns to execute such Modification Aqreement and other instru-
ments as may be necessary to effectuate this paragraph.
* with a tolerance, plus or minus, of said 920.77 and 707.84,
~ respectively, of five per cent of such
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~ Page 3 of Exhibit 2
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