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~ ~ ~ ~ MORTGAGE DEED t
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~(x~ ~ THIS MORTGAGE DEED executed the 9th day of July, A. D.
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1973, by UNIVERSAL ADAMS, INC., A Florida Corporation existing
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t~ ~i% under Che laws of Florida, and having its principal place of `
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~j2~~ business at 8700 Lake Dasha Drive North, Plantation, Florida 33314,
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Qa o~~~~s ; hereinafter called the Mortgagor, to HAROLD E. RIEDEL and ADELYN ~
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~(11a~ott~~t1~1~ ; M. RIEDEL, his wife, whose postoffice address is 10809 South India ~
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' ; River Drive, Fort Pierce, Florida, hereinafter called the Mortgage , ~
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~ WITNESSETH, That for good and valuable considerations, ;
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and also in considerati.on bf the aggregate sum named in the ~
promissory note of even date herewith, hereinafter described, the
Mortgagor hereby grants, bargains, sells, aliens, remises, conveys
and confixms unto the Mortgagee all Che certain land of which the
Mortgagor is now seized and in nossession situate in St. Lucie
County, Florida, viz:
That nart of the Northeast Quarter of the Northwest
Quarter of 5ection 32, Township 36 South, Range 41 ~
East, lying Westerly of the West right-of-way line ~
of the Florida East Coast Railway: and that part ~
of the North 738.1 feet of fractional Section 32, _
Townshi~ 36 South, Ra~ge 41 East, lying East of i
the East right-of-way line of the Florida East ~
Coast Railway, together with riparian rights, sub~ect ,
~ to railroad right-of-way, State Road 747 right-of- ~
; way, and utility easements. i
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s THIS IS A PURCHASE MONEY MORTGA~E.
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` RELEASE CLAUSES:
i
Y The Mortgagees, their heirs, legal representatives,
successors and ass~gns shaZl execute a partial release of the
mortgage on Parcel No. 1 unon the payment of the first (lst)
s annual installment plus interest; ParceZ No. 2 upon the nayment
of the second (2nd} annual-instaZlment plus interest; Parcel No.
F 3 upon the payment of the third (3rd) annual installment plus
interest; Parcel No. 4 upon the nayment of the fourth (4th) annual f
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