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attriYutablt shall l e c~eterr.~ined on a square tootage ratio, ag~ly-
ir.g thA sa:ne p~rcentage that the s~uare *ootage of the
encumt ered oroperty bears to the total square footage for which
co-pnnsation is a~~arded, to the total award received. All payr~.ents
•~~a::e .i~3~~er th? provisions o* this paraqraph shall be applied to
the reductio~: of the principal balance of the pro~~issory note
sf~cured Ly this :~~ortgage. Any payr~ents =~ade under the provisions
of this paraqraph shall not defer or decrease any subsequent annual
paynents as recTUired ry the aforesaid promissory note, tl~e sun~s
2 ein~-; paid l y M~rtgaqor pursuant to ~his paragraph to be applied
to~aard th~ fir.al pay~-~ent calied for in said note and ,:.ortgage.
No pay~ ~nt ~ ade iznd~r the provisions of this paragraph shall r~e
consid~^re~? a prepay^.~ent as that ter•• is used in the pron issory note
wh ich '~hi s ~~ortyage secures .
10. C?oon each principal payment, annual or prepayments,
~~ortrya~~or shall be entitloc3to have released fro~; the lien of this
-~rt;?aqe one acre =or ev~r,.~ 51~,950 of principal payment. The prop-
ertv to l_e released shall bc deter~rined as foll.ows:
ta) Tt~^ lands Eirst released shall lie at the South boundary
o~ abov~ descri~~ed Parcel No. 3 and run from the c~est boundary
thereo~ to ttle ~ast boundary thereo~. Subsequent releases
shall F~Cj]02I7 ~n~ Le :_ontiguous to the lands previously released,
shal3 extenc? ~ro-- the ;iest boundary to th~ East boundary ar.d
, shall prccQec? Nortnerly antil all the lands in said Parcel
_~o. 3 7ave beeri releasec~. The next lana released shall be at
the South er.d o~ above described Parcel No. 1 extending fror.
tne :•;est boundary thereo~ to the F.ast boundary thereof, ar.d
the next ~ollowir.g releases shall te adjoining and contiguous
. _ ~ _ _..t. ..a- z ~ t 1
t(j ri!e 1C151 1C1I3U~ Lt.1CdJCU~ r+LVt.CCUliay t~va~.~a~:ai.Y v.+~.~+ -
j thP lands in said Parcel No. i have been released. The next
~ ]_a~~d released shall l~e at the So:~th end of above c3escribed
~ :=arcel I~o. 2 4xtending fro.<< the Tvest boundary thereof to the
~ ::~3st k~.our~dary tnereof, and the next following releases shall
{ l. e a~3joi:;inq and contiguous to the last land reieased, proceed-
~ i-~~ ~ortherlv ur.tii a11 the iands in said Farcel No. 2 have
~ L:ee~ r~~leased, or tne :~,.ortqage paid in rull and satisfied.
~
~ (t>) In additio7 to the reiease provisioi~s a~~o~~e and notwith-
~ sta~dinca any lanauag~ to the r_ontrary in this instru~-ent, or
~ the pro-~issory note olhich it secures, ~iort~~agor may, at its
~ optio~i, ar.l ti--e prior to ~ecer:,rer i5, 1974, ohtain partial
~ relPase~ .`r•~-~ the lien of this r~artqaqe upar, the fol?owiny
~ rasis:
~
~ (1; '~tort~sac~or shal l~eter**~ ir,e the parcels to l.e released
a-~d ~lac~ i7 escrow with tne St. Lucie Cvunty Pank at
~
Fort Pierc~, Florida, roney or Certi~icates o~ Deposit
`ra•-~ a rederal or =tat~ 5avin,xs an~ Loa-: ::ssociation,
- ~,at ~~l,a i or Sr_at P P•ank, or a co: bina't i~n o f r~oney and
- C~rt:ifi~-atns of ~eposit, in an amount ectual to the
;=~s pay:~enL ~ar the land to t;e released, at the rate of
SiG,950 f.or each acre to re released, toaether with
~
~ ~ ~ ~
~-y SHUITS 3 BOWEN. ATTORNEYS-AT•LAW, MIAYI, FLORIDA
" (305) 356~300
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