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EX~ured ihe lst day oj July A. D. t972 6r
AQUA RABELLA, INC., a Florida corporation, and AQUA RABELLA
ASSOCIATES, a Florida partnership,
?~ereinaJ~er called the mo?tga9or, to WINDMILL VILLAGES OF AMERICA ~ INC .
4000 North Tuttle Avenue
Sarasota, Florida 33579
hereinajter called !he morlgagee:
(Wberever uxd berciu tke teros aad `•mortsasee" iaclude all tbe puties a ~in imwoe~t aad t~e Ikin.
~i~ Rp(tflAfaGVtl aAd tl O~ sOd l~l! AK'C!lOtf i~ ~M O~ COfp0~lhONi i~ let ~tf' ~~~Oll~a
111[~Yd!'f ~ lb! AOId dtKl~~ OO[C 1~0 OIIt.~ .
that ~or goot~ unc~ unluable ooitsic~erations, ancl a~so in c~onsiderution of tlte nggre-
gale swn namec~ in ihe promisaory note oJ e~en c~ate ~erewil~, heretnalter descri~. !he mortgagor here-
6y grants, bargnins, sells, aliens, remises, conveys and conf irn~s unto the mortgnges all !he certntn land
oJ w{~ich ttie mortgagor is now seizec~ and in possession situnte in St. Lucie Co~~,
FloRda, viz:
Al1 of Government Lot 2, Section 12,lying West of State Road
AIA; and all of Government Lots 6 and 7, Section 11, Township
37 South Range 41 East, LESS AND EXCEPTING THEREFROM: Beginninq
at the intersection of the Westerly riqht of way line for State
Road AIA and the North line of Government Lot 2, Section 12,
Township 37 South, Ranqe 41 East, run South 89~56'22" West 2099.97
feet thence run South 9~29'42" West 97.19 feet, thence run South
13~54'32" West 96.59 feet, thence run South 22~08'32" West 65.27
feet, thence run South OOo03'38" East 50.00 feet thence run North
89056'22" East 2,299.73 feet to the West line of State Road AIA;
thence run North 23~49'31" West 327.79 feet to the point of be-
,I qinning.
I Subject to a mortqage by Property Management Group, Inc., to
Philip Weiner, as Trustee, dated December 23, 1968, filed for
record in Official Records Book 174, paqe 2902, in the office of
' the Clerk of the Circuit Court in and for St. Lucie County, Florida.
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~ Subject to easements, restrictions, limitati~ans and conditions of
~ record and taxes for the year 1972.
Any default or breach of any covenants or conditions of said mortgag
to Philip Weiner, as Trustee, shall constitut~ a default or breach
of this mortgaqe by the mortgaqor.
Parcels of land running from the westerly line of State Road AlA to
the river, eighty feet in width as measured lineally along State Roa
AlA, beginning at a point 462.21 feet South of the land subject to
this mortgage, as measured along said State Road AlA, may be re-
leased from the lien of this mortgaqe for a release price of
$31,000.00 for each parcel of eiqhty feet in width. Each parcel to
be released shall run southerly alonq the west boundary line of
State Road AlA and he contiguous.
The Mortgaqee agrees to subordinate the lier. of this mortgage on
~ the unplatted land to a construction mortgage from an institutional
lender includinq a real estate investment trnst not to exceed the
~ cost of the construction of the improvements to the land and build-
~ ing.
THIS IS A PURCHASE MONEY MORTGAGE
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This instrument prepared by:
~ HERBERT R. BE~:TON ~ b g-, o G
Attorney at Law 1~ a~
208 LaudPrdale B~a~h B~i:k E.::'-!,~~ ~~~3s INfAN61~LE PER90NII~ l~OIE1~,
221 Cornmerual 8ou~eva~ d »'13~• ~ a 1lIL
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4 Lauder:ir:e-by-t;~c-Sca, F;or:~a 3?::3 ~ G~K CIP,~,U~T ~0'.:~:, j;lCi~ Zlp~ ra,< ~
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~ ~ ~ ~ ~o~K 204 PAC[ ~16 ~
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