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Ear.cutd the 8th ~ day al July A. D. 198 0 by
HIGH POINT OF DELRAY BUILDERS, INC.,
a corporation existing under th. laws of Florida . and having ita P~inciPal place of
busirurss at 1175 Northeast 125th St. , North Miami, FL 33161
her+ttna(ter called the eiortgogor. to
LEON D. MIL~R a$ ~o an undivided ~/2 interest• PHILLIP P. ZIPS
~4tgnfi~~sd~
~ded /4 interest; an M. A. RAMS~:Y, as to an and vide
ase pw o is
hereina/ter called the mortgogee:
(wLeeerer o.ed Lad. t!s w~. ° • a.d .orwsac•• ieclYde .u tLe p.rt;a to ;.ar~sat a.e oK
Lxal ~epraewntiva acrd efidrdr. ud tLe ~oceron sad ~s~ of capor~6or; ad tLe ww "scree"
iseLedes eJl ~ seea Laeis V aotr eL.. ose.)
~~s that /or good and valuable considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith. hereina/ter~ described, the mortgagor here-
by grunts. bargains. sells. aliens. remises. conveys and oonlirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in posassston situate in St . Luc le County.
Florida. viz:
From the intersection of the East right of way line for U.S.
Highway No. 1 and the North line of Section 27, Township 35
South, Range 40 East, St. Lucie County, Florida; (said right
of way line being 152 feet West of the Northwest corner of the
ri: Northeast 1/4 of said Section 2?), run South 88°54'20" East.
'j' ~ along the North line of said Section 27, 400 feet; thence run
{ South 00°01'06" East parallel with U.S. Highway No. 1, 1222.0
feet; thence run South 88°54'20" Eastr 400 feet to the point
of beginning; thence run South 00°O1' 06" East .300 feet; thence
'~"1:," ~ run North 88°54'20" West, 800 feet to the East line of U.S.~
Highway No. 1; thence run South 00°01'06" East 100 feet; thence
run South 88°54'20 " East 400 feet; thence run South 00°01'06"
East, 1035.86 feet to the South line of the Northeast 1/4 of
~ ~ said Section 27; thence run South 89°15'56" East along said
f ° South line 2386.13 feet to the Southeast corner of the North-
! ri ' east 1/4 of .said Section 27; thence run North O1°46'46" West,
~ ~ 1599.39 feet; thence run North 88°54'20" WestR 1936.99 feet;
~ thence run South 00°01'06" East,. 176.85 feet to the point of
.
beginning, less and excepting therefrom the North 100 feet of
~~~'~•f,~; the South 130 feet of the East 1630 feet of the West 1660 feet.
-
4 The mortgagor shall be entitled to the release of portions
~ a of the mortgaged premises from the lien of this mortgage
E = upon the following terms and conditions: l
E
~ .'~Z'-~ a) The note and mortgage must be in good standing
at the time the release is requested.
Z ! b) At the time of making the payment due on July 8,
j 1981, whether or not prepaid, the mortgagor shall be
entitled to a release of the following described 10.53
acres, to-wit:
From the intersection of the East right of way
line for Li.S. Highway No. 1 and the North line
of Section 27, Township 35 South, Range 40 East,
St. Lucie County, Florida; (.said right of way
line being 152 feet West of the Northwest corner
of the Northeast 1/4 of said Section 27), run
(Continued on back)
= a~ den Payrne rn 01 Ttaw
On Cia~s "C" ir~ftalt0ibigl~o~iN
pu?s•anl To Ctr/yr 71. !l~Atir Of 1~1.
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