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Executed the 3Zst day of March A. D. fq 80 by
A. WALLACE MOORE, Jr.
~ / ~ ,n Payn»M 01 Tfiwt
~ 5 , Jr Class .•C•• IflAVlp1~ PMttillr ~r
hereinafter called the mortgagor, to
Purs~~nt To Chs/IN 71a ti~,Attlfaq 1Ml.
JOHN M. McCARTY h;~
Clwt Crwtt a1~ ~ t~ ~1.11D
hereinafter called the mortgagee:
(W Aere~er cared herein the team "mort`asoi ' a~ "aaortpsri ' include as r4 rrties w thi iaanrseae aad ~ heirs.
Intel rtpresentatiser and aai66m of indisidtrah, acrd the +ucce>x+r+ and awisns of eorporatie~a; aa! the test "apse"
includes all the eater herein dertrihed iI more than are-1
I ~t~SStbl, that Jor good and valuable considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor /~e?r-
by grants, bargains, sells. aliens, remises, conveys and confirms unto the mortgagee aU the certain Ia,~d
of which the mortgagor is now seized and in possession situate in $t. Lucie CO'+"ti•
Florida, vi=: The South One-half (S 1/2) of that part of the following described
Iproperty which lies within Section 33, Township 37 South, Range 38 East, LESS the
(East 150 feet thereof (said East 150 feet will include a water control district),
~~to wit: "Beginning at the Southeast corner of Section 33, Township 37 South, Range
138 East, thence proceed North 0°32'44" West along the East line of said Section 33 .
Ifor a distance of 290.74 feet to a point where said East line of said Section 33
intersects the North right-of-way line of Canal C-23 of th Central and Southern
! Florida Water Management District; thence proceed South 8927`28" West along the
';;North right-of-way line of said Canal C-23 fora distance of 1295.39 feet to a
ii point, said point being the point or place of beginning of this description; thence
;;continue South 89027'28" West along the North right-of-way line of said Canal C-23
;!for a distance of 1940.72 feet to a point; thence proceed North 0°32'44".West a ~
';distance of 10,296.25 feet to a point on the North line of Section 28, Township 37
I~South, Range 38 East, said point being 2068.88 feet South 89028'40" East of the
Northwest corner of said Section 28; thence proceed South 89028'40" East along the
';North line of said Section 28 for a distance of 1941.06 feet to a point, said
'point being 1295.61 feet North 89028'40" West of the Northeast corner of said
!1 Section 2 8, thence proceed South 0032'44" East a distance of 10,260.05 feet to •
~a point on the North right-of-way line of said Canal C-23 and the point or place
li of beginning of this description. : ' ,
;Said parcel of land containing approximately 100 acres. ` . ~
~i ~
jTOGETHER with all rights of the Grantor herein arising around that certain Easement;
,Agreement appertaining to and made for the benefit of the above described land, {
ii dated January 30, 1968 and recorded in Official Records Book 170, at Page 1346, '
';Public Records of St. Lucie County, Florida, subject to the restrictions as
I ;`therein contained.
~ ;SUBJECT TO a reservation in favor of Circle K Ranch, Inc. of an undivided one-half
`'(1/2) interest in and .to all of the oil, gas, sulphur and other minerals in, under
~`•or.upon said lands, which said reservation is contained in a deed recorded in
~ !'Deed Book 229, Page 21, Public Records of St. Lucie County, Florida; and to ease-
i~ments and restrictions of record.
~ 'This Mortgage is a Second Mortgage subject to that certain mortgage to The
'':Equitable Life Assurance Society of the United States dated July 29, 1977 recorded
in Official Records Book 272, Page 25, Public Records of St. Lucie County, Fl orida,
din the original principal sum of X400,000.00. Mortgagee herein, as part of the
consideration of the sale of the above described property to Mortgagor herein
,shall pay~the annual note and mortgage payments on said Equitable first mortgage
''as said payments become due and payable in accordance with the tenas of said
~ ~~mortgage and Mortgagee herein shall obtain from Equitable a partial release of
~Ithe above described property from the lien of said Equitable Mortgage after
l~Mortgagor herein has paid in full the X25,000.00 promissory note secured by this ~
hbrtgage, being no later than April 1, 1985. In the event Mortgagee herein fails
;~to make the said annual payments on said Equitable Mortgage as hereinabove provided
'!.for then Mortgagor herein shall have the right to make said annual payments on
I• both of rind 1 and
,;said Equitable mortgage and to apply any said payments, p Pa
;;interest, to the payments due Mortgagor herein by Mortgagee herein on this tttortgage
S'It is the intention herein of the Mortgagee (Seller) and Mortgagor (Buyer) that the
gland being purchased by Mortgagor from Mortgagee shall be coatpletely released ~
from said Equitable mortgage within five years from t~h~e date of teh~iys~ttgrtgage. ,
Mme( P1;GE~h?rJ
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