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EXHIBIT B
DISTRIBUTION OF ASSETS
Re: Estate of James Turner Coats, Sr.,
a/k/a Turner Coats, Sr. '
TO: JAMES TURNER COATSi JR.:
1) One-half interest in Flying T Ranch stock ($10,000.00).
2) A one-half interest in the one-half interest of that
portion of the following described property owned by
the estate:
• Lots 11 through lA, incluaive~ Lots 19 through 22, inclusive~
Lot 27~ the Eaet~l/2 of Lots 26 and 29 LESS AND EXCEPT that
part lying and beinq South and West ot canel~~and thet part ~'
of the North 1/2 ot Lot 30 lyinq and being North and Weet o!
Okeechabee ~oad iSLstn ~~n~ ~703, ss ~pr ni~t'of Section 29,
Township 35~South, Range 39 EaBt recorded in Plat Book 3,
page 23, public records•of St. Lucie County,~FloriAa;- " .
AND ' ~. . ' -. • . -
Lots 1, 4, 5 and 8, Block 6, McNURI.EN FARMS ;~ . as per plat thereof
zecorded in Plat Book 4, page 56, public records of St. Lucie
County, Florida. - - ' . . ~ . _~ • , -~ • ~
TOGETHER WITH the riqhts of reverter in fee, if any, in and to
the rights of way for Brocksmith RoaB and North St. Lucie
River kater Management District Canals No. 53 and No. 54 appur-
tenant to the above aescribea real property upon their subse-
quent vacation or abandonment, ~ .,'
'BUT - LESS AND EXCEPT the following described parcels:
~. ..
Parcel One - _
Coam~encing at the NE corner of Lot 27, as per plat of
- Section 29, Township 35 South, Range 39 East recorded in Plat
Book 3, page 23, public records of St. Lucie County, Florida
-for a point of beginning; thenoe run west along the North
~~ boundary of said Lot 27 a distance of 660 feet~ thence run
South parallel to the Eaet boundary of said Lot 27 8 distance
of 330 feet; thence rnn East patallel ~o the North boundary
of eaid Lot 27 a distance of 660 feet to a point on the East
line of eaid Lot 27 (which point is 33~0 feet South of the
point of beginninq)1 thence run North along said Eaet line
of said Lot 27 a distance~of 330 feet to the point of beginning.
Parcel 11ao - " " ~ ~ • ~
~ . . . ..
r Beginning at a concrete monument vn the North line of
~ Section 29, Township 35 South, Range 39 Eest and the West
' right of way of the North St. Lucie River Wa~ter Management
. Distrfct Canel No. 53, run thence Eesterly 54 feet to the
North quarter-section corner of saia Section 29; thence rnn
South 00•OS'16' Weet along said quarter-8ection line 3,422
feet, more or lese, to the point of intereection with~the
center line of an EaBt-j+lest drainage ditchl thence run South
89•09'39' West along said center line 57.5 feet, more or less,
to a point on the i~Test riqht of way of said Canal No. 53,
• said point be3nq the point of begiruiinq; continue thence
. Sout2~ 89•09'39" Weat alonq said center line 473.26 feet;
• thence run North 89'29'42' Weat 230.81 feett thence turn and
• rvn North 00•OS'16'• Eaet enA parallel to.the atoreeai8
. North-South quarter-aection line 54~.28 feet to a pointj thence
~~ ~turn and run North 89•57'33" Eset ~04 leet, more or 2ess, to a
-,.point on the Weet right ot way of aaid Canal No. 53= thence
~ turn and run 6autherly, a2ong BaiA ~+1est riqht ot i+ay of Cannl .
_ No. 53, 539.89 feet, more or less, to the point of beginning. •
Said parcel containing 8.79 acres, more or leea. ' -
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_~~`~50 e~~~4- --
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