HomeMy WebLinkAbout3286 l~J. Corz~i:~•ied
interest th~reon at seven per cent (7~) calculated •
from the c?ate such sur:~s are deposited to Dece,irer 15,
19?4. ;he St. Lucie County L~ai~k is to re instructed
to hold t~te said Certificates of Deposit, or :?ioney,
in escro~ until Dece:nLer 1", 1974, and on that date
to pay over oz deliver to ~iortgayee all moneys and/or
Certificates of Deposit held ry the bank, Mortgagor
is entitled to receive any interest paid on the n;one~~
so deposited by the St. L~~cie County Aank or any
interest paid by any bar.k or savi:~gs and loan assoc-
iation on which the Certi£icates of Deposit placed in
escrow as provided above are drawn, provided, however,
that the payment to and receipt r~y Mortqaqor shall
not decrease the sums to be paid to Mortqagee on
T~ecerk~~r I5, i974. Any fees or costs in connection
with the escrow of ;,-.oney or Certificates of Leposit
sha 11 l.e oa id Ly !~?ort ~~agor .
~:2 ) V~or, d~ I iver~ o~ i-.on~y, or Certi. ~ icates of Depos it,
as provided abo~~e, Vort~~a,~ee wil7. execute and deliver
to ~'art;a~or the partial releases ~or the property to
}~e released. Releases ~~ade under the provisions of
this oaraqraph shall be contiguous and ~^ade ir, t?~e
sa- e order as provided in Svb-paragraph 10 (a) above.
tio releases or ~repay~~ents ~ay be -~ade under the pro-
visions of this paragraph after Decer~.~ier 15, I974.
i?~. :~'I`"V.,SS ;}:NER.~OF, the said party of the first part has caused
,.1---^^ ` ho cirTnar7 i!~ 1~~ Y13~7c? ~~':P C3at~ c3T1G~ JedY' above C~'ritten.
TASIS, « Jcint Venture between
~>ior~ecl, sea~eca anc3 ci~l1~-erec: A. Hardin and Iiarrison Land
i~ the preser~c~ of : ~evei~Yz:ent, Ir?c a~'iorida
corporation,
1 RY :
_ ` N. A. HAR'~IN
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:iA:'~?IS7I~' LA!tiD DE~JELOPi~I?'NT, INC. ,
a =lorida corporation,
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'_'~t~'~' G. fiAP~I~O~T J President
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