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~O~Ot OttD RAMCO FORM i= 1 J
FROM 011~01lATION TO INDIVIDUA{.
353939'
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~'~`t'8~ ~~¢~~t szecotsa t~ , ~ ~ _
-A. D. by Capelatti Bros.. Inc. _
a corporatlon e~dn~ nndes tbe lawa a~ tbe St~ts ~ F 1 o r i da - ard bavin~
its principsl place c~ bndne~s a~ H i a i eah ~
par~,y oi the firat part, hereinaftsr called the Yortga~or~ to F~oyd G. Young and Ola 1.
~ Youn4 , h i s N i fe ~ ps~._ ~ t,~e aecond psst, hareinatt~s called t6e Mort,~aQea~..
~ WI'i'NE,S3ET8. Thst !or divera ~ood snd valaable condderations. and also in conatderar-
• tion a~ the ag~regsts aom aamed ia the promiaeory nota:._ o~ evea date berew3tL, bereinatter
described, the aaid Mortaa~or doth Qtank bsrQain. sell, slien, remiae, release. convey and con-
lirm anto the eaid Mort~a~ee.,s., the i r beira snd aasi~ns. in !ee simple, all tLst certsin-
tract ad land of which the asid Mortgagor ie no~v selzed and poseeeead~ and in actnal poesesdoa. -
sitnste ir St . luc i e (~un~r. gtate o~ Fiorids, deecribed as lollows: ~
THIS-IS A PURCk1ASE MONEY MORT6A6E 6 ~
The W 1,000 feet of the S} of the N} of the SE ~ of the NE ~ -r
in SectTon 24; Tawnship 35S, Range 39 E, and tocated in St. Lucie ,
County, Fio~ida, and containtng..-approximat~ly 7.6 acres. ~
Mo~tgagor, its legal ~epresentatives or assigns shall have
the u~restricted right to.excavate~at least 6.8 acres of the above
. desc~ibed property ~t the rate of 175,000 cubic-yards per calendar
month, said month.ty. al totme~t comae~cing with .the montb of Janu~r.y,
1977. The said monthly atlotment to be cumulative mon~hly from
M said mQnth.. The excavatton may be to a depth of at least 45 feet,
with slopes of natural repose. Mo~tgagor, its legal representatives
~ or assigns may also stockpile or inmediately renave any material
excavated or dredged from the.prope~ty which is the subject matter
hereof, any fill or material in or on said p~operty and may ~emove same,
as aforesaid,in i~s sole and only discretion. ~
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P11~NMT TO p1AP1ER Il•134. ACi$ OF 19/1.
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