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HomeMy WebLinkAbout2800 ' T-27716 ~ 1~11TOAOE DEE~ RAMCO IOwrl R<O i oNO ?owr ~u~ (1~~ ~ v v ~ ~ i ~f' ~ ~ I / ~ ! 's 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: ~ i (N'here~tr usnl herein 1he terw ''mortRa m" and "mcxtRiSn" includc all t6e partxs to thu imlrumest aod tAe 6tin, ~ j w 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~.) \r ~ f ~~~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. t 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. `s " ,~s iwsrnu~ecwt .ee.~ee, ro ~ 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. ~ t:~ s. n~RCissus ~ wcsr r~ur ~ucH, Fw ~g ~ r ~ Kj ~ 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 ~ f J~ IN P~~ PitO~R1't ` ~ v R E C f l Y~ ~ l t A N6lBl~ P~ S ~ lg~l. , C~1?.u p~l ~,~,f;, ~~.13~1. _ U~. v OT M E A R!' ~ s O R~ u~'~X ~ ~~1y,t(t ZO F~ .E~ ~S (7D. z ~R~~ yr UEPT. JF REYEt1UF ! ~~~,t r- : c ~ , dF ~ ~ o- t ~ ~ ~ ; N= _~A~r-z•~< 3 7 I. 5 5 1 ~ r~ P 8. ~ '~~a . 4 - ~II~'z A~ ~ " ~ ~ ~ t'r.k<2~'.6 P~2798 ~ ~ F~.. ; - - - _ _ - - - : : - Y z.~ ~ : _,1 _ . . . Y ~ _