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LON~ ~OIIY 25492~ ~x/
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Ex~U~pd ~hP ~ S f aQy oJ /y~j A. D. t9 ~•by
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A. V. CANCELMO, Jr.
~ ~ereinajfer calle~ Il~e mortgapor, lo
RO~RT E. STOHI~, ZR~~:S
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J~ereina~ler ca~~ec~ f~p morlgagee:
(K6cre~Yr u+ed 6erein the terun "mortsa~or"~ auc ••mortsaSee•• iaclude aU t6e partia to t6is iaatrue~cat aad t6e Lein,
k~d rcprescnati~-cs and usi m of iadiv~uab, and ~he suceessnrs aad as+iRas oI corpwatiow~: a~d tAe hr4 wte••
ioctuJes all tAe autes 6ereip ~ibed i( more t6aa oee.j
` ~~~1~~1e~~ t~at /or good and valuable considerations, and also tn consideratton oJ the aggre-
! gate sum namecr in l~e promissory note o~ even cjate leerewitle, {~ereinu~fer c~escrtbec~, f~e mortgngor here-
~ 6y grants, ba?gains, sells, aliens, remises, conoeys and conjirms «nto the mortgagee alI the certain Innd
~ ' o~ which fhe mortgagor es now seized ond in possession siluate in $t. Lwc3e County.
i }~~oric~a, t~iz:
~ ' 20~ undivic~,ed interest in t~e fo]1aWing described p~operty:
~ SE~ of 1~IB~;, and the Eas~ 2 oY th~ SW~ of the 1~~ of Section 17, ~
ToWnship 36 South, Range 39 Bsst, St. Lwcie Gbtmty, Florida; t
com~ising 60 acres, mare or less, sub~ect to canal aad road ~
rights of W~}r of record. .
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; T~IS IS A PtgtCHAS~ 1~Y MC~iTGA(~
( Th~e Mortgaga~ ~ha11 have the right to release ra,rt or all of the P~Pei"~Y ~888e
~ by complia~ce irith the fallaring pronti.sions :
~ 7'he I+brtgagor agrees thst the release provisiooz ma,y be exercised only ~hen the
Mfartgage is in good staading and no default exists either in th,e payment af intere t
c~oc pr3.ncipal.
No re]~ease shall be ~or less than 10 acres o~ nmul.tiplres thereof. The to~tat e
price payab],~e st~al.l be at t~e i~ate af $1,000 per acre reyab~l.,e to the lrbrtgagees
hereun~,er as their interest~ appee?r. (80~?)
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. No rElease shall be giv+en xithout a reserva.tion to the ~brtgagees o~ a right af
access thro~h a strip 10 feet xid~e a7.o~~g the entire ( in t.he caae of P]~bit C
Southerly, in the case af Plat B Forther~y) boaeder of t.he praperty herein
' running f~am the idester~y bo~d,ary Easterl,y to MaCarty Boad. This right of aceesB
sh~71 terminate when t.~e p~urchase moayey m~tgage giv~en in co~nection xith the s
' tar~eous sal~e by the pTeserrt Mo~tgagees to the Mo~tgago~ a~ the (lA acrea in t~e e
of Plat B- 30 aares in the case oY Plro~t C} direct]y to the Kest a~' the mostgaged
Prapesty has been ri,illy satisfied. ~e right of reLease on trie mort8~d 1~~~Y
i shaLt nat be exercised in such a fashia~ as to d,e~priv~e the l(o~tgagees af a similar
right-o~ xay o~ access to McCasty Road f'ram ar~y reLeased acreage ca~vered by this
Martgage. ~CENEO Z 6..--°_
~ 'C fMTi11M~~g~ N P~YM~ Of T~ .
~r TO CF1ApTER 71-I~~ ~EfTry,
roR ~S ~ 19),!.
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