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AG REPtdEtiT •
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YAl"C6.~,8 Ol' 1FSI-1(1~ d1~1c~.I~t31 ~zi- i~i~aa~u c,cs ca~ 'i-'Q.zroe~ n j in hQ releaaed 8~~ ~
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extend from the Atlentic OceAn on the kast~ to the center of 5tete Road A-1--A as i
it naW exiata on the West~ aad sha11 be not lesa than 250 feet uide North and
South mea,~ureament, and ehall be released upan paytnent of $175.00 per ~oot- North
and Sau~h measuren~ent; the Mortgegor shsl]. L,ave~ the right, at ite option~ to have
the parcele to be released extend Pran the Atla.ntic 4~ean on the East, to Indian ~
River on the Wea~, and the parce~a ah~il1 not be Zeas than 2~0 Peet wide North and
South meaeurement, upon payment of $200.00 per foot- North and South meaaurment;
prcn*ided that ta.nder either of thQ above opti,ons the parcelo to be released unxet
cau~ence et either (at the option o~ th~ Mortgagor) the Northernmast boundEUy or
the Southernmo~t boundaary of the propert~y deecribed in this Mortgage, and each
eubaequent parcel to be relea~ed she11 be contiguaue ta a released parcel; s~.id
releasea may be requested at e~ny t~nae, ~ither at the tim~ payment is made ox
lat~r~ and releasee ehall be granted for psyment$ made, ~bether the payments are '
regular inetallments ar advance paymenta; advanc~ payments, ~hether a x~l.ease ia .
r~quested ~r not, aha11, not exCUae payffient o~ regular installme~nts; pravided
itirther that the Mortgagor gkial~ only be entitled to release~ if tbe note secured
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by this M~rtga~e i~ current and all coat of ~uch releaees are paid by the Mortgegox;
and~ _
Shauld the Mortgagor elect to requeat r~lea8es oP parcels extending frc~m the
Atlantic Ocean to the centex of said Stat~ Road A-1-A then~ and aasly iP ~arcels
on ~he Ea~t o~ said 3tate Road A-1-A are released, parcela oP lend in~ediately ~Test
(same North and South measurements) oP released paxcele eh~]~, be releaeed upon pay-
m~ent of $2~.00 per ~oot- North and 3outh measurem~ent; seid pe~rcels to extead Pr~am
the e@ntar li~e ot said State Road A~l-A to Indiaa River pravided thst su~?i pa.rcels ~
ehe11 have fi.he 8ame No~t~ a~ South measur8meat ea the ee~t~guou8 xeleaeed p~real
_ lying East oP said State Roed A-1-A und the ~e conditions that a~ply ta the
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~ other releaees shall apply to these release~. .
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This Agreemen1t-. tached to d made a par-t of the Mortgage dated Januaxy 19 ~~4~
and marked and for identffication.
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