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To UCC-1 Financing Statement between Ocean Towers Development
Corporation, as Debtor, and Mellon Bank, N.A., as Secured Party
F,
PARCEL NUMBER ONE:
All of the South 691.10 feet of Section 3S, Township 36 South,
Range 41 East, St. Lucie County, Florida, lying Easterly of
State Road A-1 A; Beinq uwre particularly described as follows:
BEGIIB at the Point of Intersection of a line lying 691.10,feet
North of as measured on the perpendicular and parallel to the
South line of Section 35, Twp. 36 South, Rqe. 41 East, St. Lucie
County, Florida and the 8asterly right of way line of State Road -
A-1-A; thence run S 20 25' 40" E along said Easterly right of way
line a distance of 454.96 feet to the Point of Curvature of a
curve concave to the Northeast, having a radius of 11,409.20 feet;
thence run Southeasterly along the arc of said curve a distance
of 277.40 feet, through a central angle of 1° 23' 3S" to-the Point
_of Intersection with the South line of said Section 3S; thence
run N 88° 3 ' 29" E a onq sai ou ine a is c
more or less, to the waters of the Atlantic Ocean; thence meander
said waters Northwesterly, a distance of 736.00 feet, more or less,
to the Point of Intersection with said line lying 691.10 feet North
of as measured_on the perpendicular and parallel to the South line
of said Section 35; thence run S 88° 37' 29" W a distance of 547.00
feet, more or less, to the POINT OF BEGINNING.
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