HomeMy WebLinkAbout2800 ' T-27716
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F:CPft/I~ II1P twenty-ninth day oJ April ~1. D. ~q74 by ~
FLOYD J. VOIGHT, INC., a Florida Corporation
hereinaJter calle~ II~e morfflaQor, to ROLAND L. MACON~ .7R. ~ AS TRUSTEE, an `
undivided one-half interest; and JOHN R. REA, the remaining
undivided one-half interest
;
I~ereina~ter caU~d Ihe morfga~ee: ~
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(N'here~tr usnl herein 1he terw ''mortRa m" and "mcxtRiSn" includc all t6e partxs to thu imlrumest aod tAe 6tin, ~ j
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ktal repreunuti~es and asaiym o( iadivi 1~. and tAe iuc~e++..ri and auitas o( corporation: aqd t6t ltrm '`aote" ~ f
~ includes all ~he m.te~ 6e~eia drxribtd i[ [oore tAae u~.)
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~~~n~~~ tha! Jor good and naluable consideralions, and n~so in considerntion o~ the aggre-
gale sum named in ihe promissory r~ote of ~i~en date 1?e~eu~itl~, h~reinaf ter described, tl~e mortgago~ ?~ere-
6y granls. 6arf~~i?ts, sells, aliens, remises, conveys an~ con~irms unlo the mortgagee aIl fhe certnin land '
o~ u~hicti f~e morfyaflor is now seizec~ an~ in possession situate in St. Lueie County.
F~ori~a viz:
The NE 1/4 of the NE 1/4 of Section 29, Township 35
South, Range 40 East, LESS AND EXCEPT the North 290
feet of the East 350 feet thereof; and ALSO LESS AND
EXCEPT the following:
From the Northeast corner of the NE 1/4 of the NE 1/4
of said Section 29, run South 290 feet; thence run West
40 feet to the Point of Beginning; thence continue
West 130.5 feet; thence run South 160.82 feet; thence run
East 130.5 feet; thence run North 160.63 feet to the Point
of Beginning; and also LESS AND EXCEPT THEREFROM all
' rights-of-way for public roads and drainage canals.
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Specifically excepting therefrom the East 40 feet of NE 1/4 of
~ the NE 1/4 of Section 29, Township 35 South, Range 40
East less and excepting the North 290 feet therefrom, of
€ said East 40 feet.
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f su?i~LL co«anows cowrruNeo a~
~ A TIiLE tNSUAAtlC~ CpMNITNENT, ~
~ BY (y~- ~ l C~t ?J ~~t ~L~,~~• AGENT iOR ~
~ PA~~1 BfACH AB3TRACT & TITLE C0.
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~ The Mortgagees herein agree to release to the Mortgagor herein
~ eight acres of the above described property without consideration.
~ ° o Thereafter the Mortgagees herein agree to release one-acre tracts
~ ~ h from the lien of this Mortgage upon payment by the Mortgagor to
~ o the Mortgagees of the sum of $12,500.00 (TWELVE THOQSAND FIVE
~ ~ J HUNDRED AND NO/100THS DOLLARS) for each acre to be released. The
= parties herein further agree to prepare, execute and file for
~ ~ record a modification of this biortgage which will more specifically
~`;m set out and describe the initial eight acres to be released without
~ax~ consideration and the subsequent one-acre tracts to be released
x~n~
and the manner in which they are to be released. Any and all
release payments made during the course of any given year covered
" a~°; by the term of this Mortgage are to be applied to the next
succeeding annual principal payment.
THIS IS A PURCHASE MONEY FIRST MORTGAGE 3~
DR pF ZNI~ES
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