HomeMy WebLinkAbout0516 I~ 2899'75
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I:.r~.-:~IMI Ilu• Z31~ ~lay oJ AugUSt A. 1). 1974 [~y ;
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TN~MAS J. GEIGER, Individually and as Trustee, {
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~y WILLIAM W. ARNOLD ~
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~irrninn~ler raU~~I IIc~ morlynger: ~
IN'hf~r~~~ uv.1 hertiw tAs terma "m.attasa•• ••~'«<at~e" iaclude a11 t6e putie+ 1o IAis iwstrust~t s~d tAt ?tu~, i
letai ~ep~e.~xuti~es and u+sitas t+wdi~iduals. sa! tLe wcc~n.ra awd a+++~tas ot corpwatiow~: asd tAe tt~s ''wsr••
iaclude~ all ~l~e aotes 4c~ris dnc~~bed i( more thaw one.)
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; ~~tnesseth~ 1ha1 ~or poocl n?uI imlua6lp rnnsitleralions, and a~so in consic~eralion o~ fh~ apgre-
n~f~ sum nam~d in 11~~ pwniissory nofe o( P!?P/1 dQ~P Iiereinill~. h~rninafler d~scri6ed. 16e morl~agor rtP/P-
l~fQ11~S. ~QIf~Al11t. tl'~~t. Q~1P/l5. remisas. rnn~~Pys (IR(f COt1J1~1?!S f111~0 ~~P rriorlga~~ee Q~~ ~~Il~ certain ~QIt~
U~ t1•~1tC~1 ~~lP murfya~~o~ IS ROU~ SPIZ~ A11~ lt1 ~WSSPSSI011 siluafe ifl S1 , LUCIE COItR~y.
~'~orit~a. t~iz:
~ See Exhibit "A" attached hereto and made s part hereof.
I~ THIS IS A PURCHASE MONEY FIRST MORTGAGE.
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~ RF,LEASE=CLAUSE: Provided mortgagor is not in default under any of the tcrn~s,
i an con itiens of this mortgage~enctm?brances oflcthis mortgage~upontcaom~liance y
i agrees to release land from th
with each of the following teYms and conditions:
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1. Each parcel released sha11 be rectangular in shape and
~ the north and south boundaries of the parcel released shall be the
same a, the north and south boimdaries of the property enewnbered
~ by this mortgage. ~
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2. The westerly boumdary-of each parcel released shall be
'1 the westerly ~oundary of property then encumbered by this mortgage. ~
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~ 3. Parcels released shall run from west to east and shall ~
! i be contiguous to parcels previously released. !
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i ~ • ~rt,.,,,..~ ~t,~~~ 1,.~ T,~;~ tl~P c»m nf ETC~~i' 7fi0USAND SEVEN '
I Y• 111~1 V Ja\uii V~. i+~ :
! ii H~JNpREp FIFI'Y and 00/100 ($8,750.00) DOLLAR.S per acre for each ~
~ acre or portion thereof so re2eased from the enc~anbrances of this i
~ mortgage . Such swns of EIGHT THOUSArID S~1EN I~)imRID FIFTY and
' 00/100 DOLLARS ($8,750.00) per acre may be paid in rinci al
i~ nts or rinci al repayments u~der the teYms an.c . itions
payme P P P
of this mvrtga~;e.
No releases shall be given before January l, 1976.
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~i Tp pgt9pNAt, LIqgILITY: Mortgagee hereby expressly aclrnawledges that there shall b =
;~o in ivi ua or personal liability on the part of rfortgagors hereunder and thaL ~
N[ortgagee shall look solel~ to the land enctm+bered by this Mortgage as security
~i for t:~e debt which this- Mortgage secures and that DSortgagee will in no event
, seek a deficiency decree against I?iortgagor.
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