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MOtTGAGE DEEO IIAMCO FORM J2M ;
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f I:xecuted the 26th ~ay oJ J~Y A. D. ~973 6y
~ THE CARLTON CORPOAATION
a corpornlion exisling under fhe Iau~s o~ t~'1@ State Of T@X83 , antr ~~aving ils principal place oj
6«s~?~pss at Suite 504. One Turtle Creek Village, Dallas, Texas ~
hernina~ler ca~~ec~ t~e mortflngor, fo t
~ BRO~VAR.D NATIONAL BANK OF FORT LAUDERDALE , as Trustee
n_ banking corporation existing under the laws of the State o~ u,T~',~~dpprmanenl ?wstoJJt~~
~dd~~ss Fort Lauderdale, Florida •
I~~rei+eafter calle~l the mortgagee:
(N'herc~er uxd btrcin IAt lerms "mi+rtRSRa•• and ••mwltaRK" include all ~he partie~ to this imtrumtat and ~he Aeirs.
Ie41i ffPftftOla111H aad as+isns of individuals. aacl the ~ucr~su~n and assiKas u( c~Kq,ratium: and tbe term "note"
inrludn all ~I~e nutes herein described if more tluc one.l
: ~ditnesseth~ ~~Ip~ '0?' QOO(~ 111i1~ 4Q~UQ~~~P co?isi~Iprafions. QIII~ a~SO 1?t CO/ISl(~PlA~(0?1 O~ ~~IP Ol~(~~P
~ {~uf~ sum name~ in Ih~ promissory nol~ o! even ~~at~~ ~iere~ril~i, ~~er~inaJfer descri6ed, f~~~ mort{~a~or ~~ere- ~
~ ~~y ~rants, ~~arc~ains, s~~~c, ~~iens, remises, c•oni~eys anc~ con(irms iu~b f~~~ mort~ary~>e u~~ f~u• c•~rlain ~an~~
o~ u~~~ic~~ t~~~ morl~~a~~or is notv seiuc~ an~~ in possc~ssion situufe in St. Lueie (~o~uily.
~ f'~orit~a. i~i_:
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PAftCEL I
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` The North 1264.30 feet of the South 1887.80 feet of Fractional Sections 4 and 5,
~ Township 36 South, Range 41 East, together with all riparian and littoral rights
: thereunto belonging to or in anywise appertaining .
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f~
SUBJECT to the right of way of the roadway or highway known as State R.oad AlA; j
the right of way of the Intracoastal Waterway as recorded in Deed Book 93, at page ~ ;
552 of the public records of St. Lucie County, Florida; and that certain license to ~ ~
Enter upon Land for Mosquito Control Work recorded in Deed Book 224 at page 98 ' ~
of the public records of St . Lucie County, Florida . SLTBJECT ALSO to coastal ;
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construction set-back lines established pursuant to Chapter 161, Florida Statutes
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i ` ~ !PAftCEL II 3 '
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~ ~ ~ The South 623.5 feet of Fractional Sections 4 and 5, Townehip 36 South, Range 41 S
v
i 'o East, together with the North 436.71 feet of Fractional Sectiona 8 and 9, Townahip ~
~ 36 South, ftange 41 East, together with all riparian and littoral rights thereunto s
F ~ belonging or in anywise appertaining . ;
o '
~ x~ SUBJECT to the right of way of the roadway or highway known as State Road AlA; ;
~ ~ and coastal construction aet-back line, established purauant to Chapter 161, Florid ~
~ Statutes; and SUBJECT ALSO to the right of way of the Intracoastal Waterway as i
~ y~ ` recorded in Deed Book 93, page 552, public records of St. Lucie County, Florida. _
o THIS IS A PUR.CHASE MONEY MOR.TGAGE . :
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~ ftELEASES:The Southerly 294.50 feet as measured along Highway AlA, running from ;
~ ~ ~Ocean to River shall be released at closing and shall specifically not be encumbered ~
~ W~ by the lien and encumbrance of the mortgage. Thereafter, releases may be obtained
~ ~ W in contiguous increments of 100 feet commencing at the south and running north and/or f
k ~ o (may be simultaneous) commencing at the north and running south . R.eleases shall be
y at the rate of ~ gg2.00 per Highway AlA front foot. (Measurements shall be along center ~ s
t.
line of State Road AlA)
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11 payments made on account of principal shall be cumulative towards releases and
~ ny prepayments of principal shall apply to the next regular principal payment due
nd owing . Releases need not be requested at the same time as payments on the mortgag
f~;
~ ' ndebtedness are made .
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ortgagor shall have the right to remove and transfer soil, rock or muck from one area o the
~ rtgaged property to other property which is the subject of this mortggge, provided
r owever, that any or all of the foregoing muat be directly connected with the developmen
~ ~ ~ (cont. on page 2) ~ f
y ~ ~ra 21~ r~~J~~ '
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