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rORTOAOE GEED
aowo •ottw ~ \ RAMGO FORM Rtb
CORRECTIVE MORTGAGE
~ I lixecuted tht• 28th day of December A. D. f978 by
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4~ s t GERALD S. JAMES
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! hereirtaf le? called the mortgagor, fo
~ ~ f~ PHILIP A. HOEFFNER and MARIE HOEFFNER, his wife,
~ i~ with mailing address of 2102 S. 26th St., Fort Pierce, FL 33450
r~ hereinafter called the mortgagee:
Wherever used herein rice terms "mart
RaRor" and "roorttaSee" iarlude all the putiea to this irutrument and the 6ein.
ktal repre+e~tatives and asutos of individuate, and the wnessors and assitns u( torporalion; asd the term "note"
a? u ~ inrludn all the owes berein dnrribed i( more than one.}
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t ~itnesseth~ that for good and valuable considerations. and also in consideration of the aggre-
i ~ Ii ~ryate sum named in the promissory note of even date herewith, herninafter described, the mortgagor here-
by grants, bargains, sells. aliens, remises, conveys and confirms unto the mortgagee all the certain land
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of urhich the mortgagor is now seized and in possession situate in St. Lucie CO~~,~
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Florida, viz:
PARCEL A.
Begin at the Southwest corner of the East 1/2 of the SW 1/4
fof the SW 1/4 of Section 24, Township 35 South, Range 39
~iEast, St. Lucie County, Florida; thence run N 00°06'51"W,
{along the West line of said E 1/2 of the SW 1/4 of the SW
~ 1/4, 632.32 feet, more or less, to the Southerly right of
!way line of Okeechobee Road (S.R. X70); thence run N 70°04'03"E,
lalong said right of way line, 299.95 feet, to a point; thence
;`run S 00°06'18"E, 21.26 feet to a point on the South right
!j of way line for Okeechobee Road (S.R. X70) as expanded; thence
`,run id 70°04'03"E, along said right of way line, 47.19 feet
Ito a point; thence run S 03°31'09"E, 737.72 feet, to a point
! on the South line of said Section 24; thence run N 88°55'46"W,
;along the South line of said Section 24, 37C.47 feet, to
i',the POINT OF BEGINNING; LESS AND EXCEPTING the following
~I described Parcel B.
j' PARCEL B .
iBegin at the point of intersection of the West line of the
~~East 1/2 of the SW 1/4 of the SW 1/4 of Section 24, Township
X35 South, Range 39 East, St. Lucie County, Florida, with
i the Southerly right of way line of Okeechobee Road (S . R.
I;#70); thence run N 70°04'03"E, along said right of way line,
;a distance of 175.00 feet to a point; thence run S 00°06'51"W,
",,along a line parallel to the West line of said East 1/2 of
~ I'SW 1/4 of SW 1/4 of said Section 24, a distance of 250.00
~ ,feet; thence run N 88°55'46"W, along a line parallel to the
;South line of said Section 24, a distance of 164.67 feet,
;more or less, to a point on the West line of said East 1/2
j~,of the SW 1/4 of the SW 1/4 of Section 24; thence run N 00°06'51"W,
along said West line a distance of 187.26 feet, more or less,
IEto the POINT OF BEGINNING.
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THIS IS A PURCHASE MONEY FIRST MORTGAGE
PARTIAL RELEASE~CLAUSE
~ jj Mortgagees covenant to and with Mortgagor to grant partial
;releases of portions of the lands above described from the lien _
- j~and operation of this mortgage upon the following terms:
=
(a) One release shall be granted by Mortgagees of a parcel
1.5 acres in size bounded on the North by the southerly right
of way of Okeechobee Road (State Road No. 70), on the East by
n .'.the East line of the real property herein described, on the West
~~by the East line, or the South extension thereof, of Parcel B
d
~ (legal description exception herein), and on the South by a line
~ (CONTINUNED ON THE FOURTH AND LAST PAGE OF THIS MORTGAGE)
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