HomeMy WebLinkAbout1432 4~s~ ~
Executed the ~ day of Aril A. D. t9 80 by
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C. Shelby Dale, individually and as Trustee, joined by his wife,
Grace C. Dale
! hereinafter called the mortgagor, b INA N. REED, -
of 516 Isle of Palms,
Fort Lauderdale, Florida
~ hereina(ler called the mortgagee:
IN'hemrr u.ed hereiw the terwu "twartrtawai' awd "mort~tar<ee" iwcludr all toe parties to, this iwwumewt awd !be heir.
kcal represeatau~es and a?siRws of iwdisidwb, awd lk wcre~ws awd aaiews of cacporatiows; awd the ~r• "wott"
include. all the notes heteiw described if mare thaw owe.)
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~~tneSSebl, that for good and valuable consideratio?ts. and also in eonsiderntion of the aggre-
hate sum name{ ir? the .promissory note of eaten date ?ierewith, hereinafter described, the mortgagor here-
! 6y grants. hnrijains. sells, aliens, remises, conreys and confirms unto the mortgagee all the certain land
of which the moryfaftar is notu seised and in possession situate in $t. Lucie County.
(.i l=lorida. viz:
A parcel of land in the SE 1/4 of Section 19, Township
i
35 South, Range 40 East, lying south of Okeechobee Road
~ii described as follows: Start at the-interntection of the
West right of way line of McDTeil Road and the South
t; right of way line of Okeechobee Road, thence go south-
westerly along the said South right of way -°line of Okeechobee -
Road, a distance of 892.69 feet to the point of beginning;
thence qo Southwesterly a distance of 592.69 feet along thw
South ricTht of way line of Okeechobee Road to the Weet '
boundary lia>re of the SE 1/4 of the NW 1/4 of said Section 19,
to the South boundary of the NW 1/4 of avid Section 19;
thence go easterly along said south bounttucd line of acid -
NW 1/4 of Section 19 to a point that is 739.~4~ feet from
the west right of why of McNeil Road (66' R,/~T) ; thence qo
II Northerly on a line parallel with the West-boundary line
of the SE 1/4 of the NW 1/4 of said Section 19 to the
point of beginning. _
M.
THIS IS A FIRST MORTGAGE
t
~ Nbrtgagee agrees to release parcels from the lien of this
mortgage at the rate of$200 a front foot in-parcels not
less than 100 feet measured along the south boundary line
on said Okeechobee Road, provided the interest on this
I mortgage that has acrued to the date of said release is
€ paid to such, date.
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Ord ~ BOOK~1 PAGE~432
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