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shall not affect, alter, modify or impair in any manner what-
soever any of the other terms, provisions or covenants hereof not
held to be partially or wholly invalid or unenforceable. (7)
Definitions: The word "Mortgagor" as used herein shall include
the plural should more than one Mortgagor execute this document;
the masculine and feminine gender, regardless of the sex of
Mortgagor or any of them; individuals, partnerships, joint
ventures, corporations and other legal entities should such an
entity execute this document; and the heirs, legal
representatives, successors and assigns of t4ortgagor. If more
than one party shall execute this Mortgage, the word "Mortgagor"
shall mean all parties signing, and each of them, and each and
every agreement and obligation of Mortgagor shall be and mean the
joint and several undertaking of each of them. The word
"Mortgagee" as used herein shall include.the transferees,
successors, legal representatives and~assigns of Mortqagee, and
all rights of Mortgagee hereunder shall inure to the benefit of
its transferees, successors, legal representatives .and assigns,
MORTGAGOR AND MORTGAGEE COVENANT AND AGREE that all or
portions of the land comprising a portion of the Premises
(hereinafter referred to as the "Land") shall be released from
this yortgage from time to time in accordance with the following
provisions:
(1) For the purposes of these release provisions, the
following words shall have the following meanings:
(a) "Tract A" shall mean that portion of the Land,
consisting of 5.87 acres more or less, which generally con-
sists of property adjacent to the St. Lucie River, as the
sa~e is ~es~7.^.3*~a ~.^.~ ~hown ~n a glat f~r IntPr-Island
Developments, Inc., dated February 11, 1981, by Don D. Daniels,
Florida Registered Land Surveyor No. 2608, which is
hereinafter referred to as the "Release Plat". ~
(b)- "Tract B" shall mean that portion of the Land,
consisting of 7.88 acres more or less, which generally con-
sists of property adjacent to the golf course on property
adjoining the Land on the south, as the same is designated
and shown on the Release Plat. _
(c) "Tract C" shall mean that portion of the Land,
con~isting of 3.25 acres more or less, which generally con-
sists of property adjacent to the north boundary of the Land,
as the same is designated and shown on the Release Plat.
~ (d) "Tract D" shall mean that portion of the Land,
consisting of 3.25 acres more or less, which generally con-
sists of property adjacent to the north boundary of the Land
and the western right of way of Pruitt Road, as the same is
designated and shown on the Release Plat.
(2) Afte~ (i) the written approval by Mortgagee of a
site and development plan with respect to the development of the
Land, which approval shall not be unreasonably withheld, and the
final approval of the site and development plan by the City
Council of the City of Port St. Lucie, Florida, and (ii) the final
approval of all governmental authorities having jurisdiction of
the development and subdivision of the Land of Mortgagor's final
subdivision plat with respect to any portion or portions of the
.Land that Mortgagor may then intend to subdivide and develop,
Mortgagee, subject to the provisions of paragraph 3 following,
shall release that portion, or those portions of the Land shown on
such final subdivision plat, wherever located, upon receipt by
Mortgagee of payments from Mortgagor (i.e., the cash ~own payment
this day received by Mortgagee or subsequent payments or pre-
payments of principal on the Note) as follows:
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