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MOtiGA6E OEE~ RAMCO FORM RE32
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Executad tF?e y~ day oJ A. D. t9 74 6y ~
MURPHY WAITB DAIRY, INC. ~
n corporution existing unc~e~ the ~aws ol Florida , and I~avtng its principal place of ~
6usiness nt ~ €
hereinajter ca~~ the mortgagor, to Z
WALTER LEE CARLTON, a single adult ~
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wh~e po:~o(j«s ndd?~ss u post Office Box 471, Fort Pierce, Florida ~
hereinn~ter cu~~ tke mortgagee: ~
(W6trercr wcd 6ereia tAe tcrm+ "mort4+iLw" +nd mort6+Ree" iaclude aU the pzrties to tAis i~uuumeac and ~e bc?n. ~
klt~1 np~e~eautives asd aui~m ot ind~v~duals. and tAe a~cceuon aad usism of corpotatiom; and tht tcrm ••oote••
ieclyda ~11 16e ~ote~ 6erci~ ddaibed iI oore tlua oae.)
~~1K~1~~~ thnt )or good and vulun6le considerations, and a~.so in considerotion oj the nggre-
gate sum named in the promissory note of euen date ~erewith. {~ereinn(ter descri6etl, f~ee mortgagor {~ere-
6y gronts, bargnins. sells, aliena, rcmises, conveys =an~conjirms unto the mortgagee all tf~e cerluin lnnd
of wl~ich ihe mo~tgagor is now seized anc~ in possession situate in $t. Lucie County.
Fjorida, viz:
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The West 1/2 of Section 23 and the
West 1/2 of Section 26, Tawnship 36
South. Range 37 East, the same lying ~ ~
and being situate in St. Lucie County, -
Florida, containing 640 acres more or
less.
THIS IS A SECOND MORTGAGE AND A PURCHASE
MONEY MORTGAGE.
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The Mortgagee hereby agrees to release 10 acres ;
from this Mortgage to the Mortgagor in the event
~ that the Mortgagor decides to construct a dairy ~
~ r residence on the property. ~
~ The l~rtgagee further agrees to give partial `
i ` releases from this Mortgage in one acre tracts
~ upon the payment of $586.00 for each acre above
~ - the sums due under the note secured by this
~ Mortgage. Said additional sums paid shall be
substracted from the last payment due on the
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principal amount due on the note secured by this
Mortqage. Said Partial Releases shall not be
granted should there be a default in any of the
~ terms of this Mortgage. Any additional one (1)
acre tracts to be released shall be contiguous.
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