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Home My WebLink About0979 1~ ~ ~ . r '7~~~.~rJ M-397A m-~b ` ~ ~ ~~i~~l~~ ' ~ THIS MORTffADID DEED~ made aad axecuted Wa..._...[~..duy ot_ 5ept~er ~~_W ; ._._..Y ~e..~..., ey ...................NF.~I'..KEYS.!...individually..and..as Tnis~ee..................................................~........_......_..............~... , harefnaiter called the Mortgagor. whlrh term shall include t1~e hetra, legal representntlvea, auccessore and asstgno i ot the eald Mortgagor ~vherever the context eo requirea or edmits, to..........._..... .AI!B~F~T..MERKLE berEinafter called the Mortgagee, which term ahatt include trie heirs, legal repre~entatlvea, eucceasors and assigns ~ o! th~ eaid Mortgagee wherever the context ao requires or admtta. ~ i:. WI'I'NE$gEl~i: That for divera good a~td valuable consideratlona, and also in conafderatton of the sggre- gate sum named ln the promienory note ot oven data herewith hereine,tter deacrtbed, the eald Mortgagor does hereby grant, bargain, aell, alten, remfse, release, convey and confirm unto the said Mortgagee, hla hetra, euccesaora and aaaig~ns, all the ceriain pieca...., parcel.... or trac~... ot land, oi which the aaid Mortgagor is now aeized and po~esaed and ln actuel possts~ton, aituate fn the County of...~~....~i.l~~,.~_...........and ~tate oi F7orida, deacribed as tollowa: • ~ Lots 1, 4, 5 and 7, Block 2, MODII, I,APID OQMPAtdY' S SUBDIVISION of Section 15, ~awn..ship 36 South, Range 40 East, less the follawing described property: ~ Start at the intersection of the South line of Lot 1, Block 2, MiDDII, LAND OO~~ANY'S SUSDIVISION ot Section 15, Tawnship 36 Sou~-h, Range 40 East, as per plat t~ereaf on file in Plat Book l, Page 41, of St. Lucie County,`Florida, publie reoords (Lot 1) and the Westerly right of way of U.S. No. One; thence proceed Westerly along th~ South line of Lots 1 and 4, a distance of 1,280 feet, thence proceed Northerly parallel to the Westerly right of way of U.S. No. One, 570.24 feet to the ; Southerly right of way of No.rth St. Lucie River Drainage District Canal No. 23; ! ther~ce proceed Easterly along the SoutY:erly right of way of Canal No. 23; ; a distance of 1,280 feet to the h'esterly right of way of U.S. No. One; thence ' proceed Southerly along the Westerly right of Way of U.S. No. One, a distar~ce of 570.25 feet to the point of beginni,rig. TFiIS IS A P~iASE M(~.'Y MrJR'PGAGE. . ~ I,and may be released frcm t-he lien of this imrtgage at the rate of $475.00 per foot ~ ~ as measured along Olear?der Avenue. Such releases may start at the North line or i ~ the South line but once started each release shall re~nain contiguous to the land ` previously released. Larids may nat be released so as to leave less than 225 feet ~ frontirrg on Oleander Avenue. Such releases shall run fran the East Iine of the property to the West line of t~e property. If any property covered }~y this mortgage is cc~nd~mned, the condemned property must be released at the above release price. Provided, hawever, i~ necessitated by oon- ~ dgnnation or cornreyance in lieu af condemnation, t~brtgagor may release additional property in Lot 5 for $.43 per square foot ~ravided: (1) Releases mus~ start at the ~ East line of Lot 5; (2) land released must be oontiguous to prior releas~d land; (3) all releases shall run ~rcm the Nnrth line of Lot 5 to the South line of Lot 5(or the North line of property previously released as provxded above) and the West line * TO HAVE AND TO ~iOLD the aame, togekher with all and atngular the tenementa, htrEditamente and ap- purtenences thereunto belonging or in anywiae sppertalning aitd the revetslon and revereions~ remalnder and rematndera, rents, iasuee and profite thercoi and elso all the eetafe, right, tftle. intereat, progerty, posae~sslon, ~ claim artd demand whataosver aa well in law ea in equity oi the said Mortgagor in and to the eame and every part - and parcel thereof unto the asid Mortgagee, and hfe heirs, auccesaora aad easlgna, in fee eimple. And Ba1d Mortgagor, ior himaelf~ and hie hetra, legal repre~ntative,~, eucceasore and asaigna, hereby coven- 1 anta ~vith eafd Mortgagee, hla helrs, legal repreaentatlvea, succebsore and aaslgne, that eaid Mortgagor ja inde- feasfbly aefzed oi sald land In !ea eimple; that the aald Mortgagor has lull power and lawiul right to convey the aame in fee aimple as aforeeald; that it ehati be lawful !or satd 14~ortgagea hia heira, legal repreaentaUvea, euo- cessora snd ass3gns, at all timea peaceably and quietly to enter upon. hold, occupy nnd ~n~oy aafd land and e~erp part thereof; thai esid land fa iree ir~m all incumbrancee; thst sald Mortgagor, h1s heire, legal representaUvee, " successora and assigns, will make such further assurancea to ger[e~t the fea aimple tltle to aatd land in sald Mortgagee, hla hafrs, legal representatlvee, buccessore and assigns, ea may reasonably be required; and that said Mortgagor does hereby fully wanant the t1t1e to eaid IAnd and every p~?rt thereof and wW defend the same agafnat the lawful clAims ot ail persons whomsoever. i~ PROVIALD ALWAYB, That ii eatd Mortgagor ehall pay unto the aafd Mortgagee the carteln promfesor~ note, ot which the following fn worde and rigurea f.e a trua copy, to-wit; p60X ~~~i~~~~~ * of the property released must be parallel to the East line vf Lot 5; (5) onZy land actually aonda~ned or oorneyed in lieu of oor~enmatian may be released under this prwision. Al? interest must be paid to the time of the release in addition to any rele~se price de5cxilx~ci herein. ~q~~ J~,• ! ~ ~a6f~ ' 75 3 - ~