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the Uortheast quartor of seotion 31-To~ship 32 south range 39 East and situatG in ~h8t i8
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desoribed a8 tract 2 of the lands of the Indian River forma Co. in St. Luoie County. florida,
and for and,ln oonsideration of the sum of t9n & OO/lOO,dollars Qash in hand paid ~eceipt of
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whioh is hereby acknowledged. party of the. first part d008 hereby leas8 let and demise unto tho
party of the second part the above desoribed property to use &ld improve and oultivate as he
aball see fit until the first dey of July 1928.
The party of the first part does hereby further option ,or give prior right of purchase
of the above describeJ property to the party of the seoond part as follows during the year ending
December 31-1925- at the rate of $226.00 per acre. dlrring the ei~hteen months period endlng
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ending July l-1927-e250.00 per acre"and during the twelve months period ending July 1-1928-
$300.00 per acre. and in the event that party of the second part de~ires to exercise the,option
to purohase at any time during the periods as 'loove statet\, the party of the first p9rt agrees
to acoept terms as to payment as are being most generally accepted in the corn!Jluni ty at time of
purcnase.
Party of first part represents that this' prcperty is free and cle~r of all Incumbran~es
and agrees to pay promptly all taxes drainage distriot included during the period of thi3 lease
and further agrees not to incumber mortgage or otherwise hypothecate this property ;rtth out
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written consent of the party of the second part
It is understood and agreed toot tais leuse and option is to be binding on heirs
executors and assigns and that in the event of foreclosure by oortga~e or other proca3s of law
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that party of tne second part is to be subrog~ted t3e the ri~hts of the Golder of such lien
mortgage or claim .
Witnessed By-
Witness our hOOlds & seals this 18th day of
JallUary'.1926-
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, Yl~l ter~ B~,
state of tlorida
F. H. Bein
Augusta :!. Bein
!lhis Lease
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~'lori da
B. E. PALCRO & ~IFE
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and Si~atures IPkoledged Before me this 2nd. Day of ?eb. 1925.
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. :XI
2nd day of ~ebrulty A. D. 1~25.
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TO
f'td E. King
Justice of the Peace
Filed
P. C. ?:ldred.-Clerk of the Circuit Court
By, 7Jt--rIU A1AJ/ t;;f-<
D. C.
JAYl::S A. UAF.~LL
iiAhRA.::TY
m;ED
THIS DEED. Made the 12th day of January A. D. 1~25. by 8. E. Palcho and ~ary
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Palcno, his wife of the County of St. Lucie State of l'lorida herein!lfter called the grantors
to James A. Uartell of tne County of St, Lucie State of llorida hereinafter called the gr~nte8.
YHTllESSETH. That the said grantors in consideration of Ten dollars ana other valuabh
considerations the receipt whereof is hereby acknowledged. do give. grant. b~rgain. sell, alien,
remise. release, enfeoff, oonvey and'confirm unto the said grantee. and hIs heirs mId assigns in
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fee simple, the lands situate in St. Lucie County. State of Florida, described ss fOllows;
Lot Eleven (11) in Block Four (4) of Edgewood Addition to iero. Florida. according
to plat recorded on page 28 of Plat Book 110. 2 of the records of St. Lucie County, ,Florida.
($1.50 boc. stamps c$Ocelled.)
TO HA'iE MlD TO HOLD the same together witn the hereditaments and appurtenances, unto
the said grantee. and his heirs and assigns in fee simple.
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