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HomeMy WebLinkAboutScan_2217 u l~ ( {~ '.<It fj 417 .......",.,. ,,~ i I t i ( i I I ! I j ! I i ! i I . i , I I "nth (242.1) teet; thenoe J"UIl kat three hundl'ed thlrtT (330) teet; 'henoe rUD Bor'h Seyon HUDdred nln.t7 ~o (7t8) t.et: thenoe I'UD we8t \hree hundred thirtT (330) teet to the lorthead OOIner ot nid sOllthweat qaarhr ot SOllthwe.t quartel' ot Said Seotlona thenoe Borth two Hundred TwentT (220) t.et to the oorner ot Lot ....I'ved tor oometer7; thenoe weat tltt7 (&0) teet; thenoe 'orth Senn Hun4J'ed tw.nt1 (720) teet to the s>uth line of rlght ot waT of State Road to OkeeQobee; thenoe k.br11 on South line ot laid I'ight ot w8.7 to the laa' line ot the BOl'tbwest q~ter ot Southwest quarter ot .aid Seotlon Tw.nt7-elght (28); thenoe Borth Your Hundred Tw.1Ye (412) teet; t.henoe Wea' one Thouaand ThI'ee Hundred sixteen and eight tenths (1316.8) teet to 'he Borthwest oornel' ot Korthwest quartel' ot Southwest quarter ot eald Seotton Twem7 eight (28); thenoe South Twet1 three hundred and nine tenthl (2300.9) teet to poiat ot beginning. exoeptlng trOll thla oonye7anoe the ealemen ta tor I'ight ot -7 tOI' road. as now laid out on and 8Oroas laid lands, and the easements tOI' oanals ot BOl'th St. Luo~ Rlyer Dl'alnage Di8tl'io'. the land hereln OOnye7ed 17ing In West halt ot Southwest qnartel' ot Sootlon Twent7 eight (28), Township thlr'1 tiye (3~) South. Range Thlrt7 Nine (39) Bast; an4 the Southeaa' qu..al'\el' ot Southwest quarter ot Seotion Twent7 eight (28). Township Thlrt7 tiye (3~) South. Range !hlr\7 Bine (39) Eaat, AND WHERElS the laid Fred B. Smlth. '-S Inatitute4 a prooeeding, whioh is now pending in the United Sta tea DlItriot COU1't tor the Sou then Dhtl'io t ot Flori de. tor the pur po se ot toreoloalng a LieD olalmed b7 the lald Fl'ed B. Smith. AID WHEREAS the yald part7 ot the tirs t part is dee1rous ot e~dlD<< the lI&i4 lUiga tion; the lI&i d P&1"7 ot the ti re t part al Truete. hel'eund.1' will hold the same tOI' the ultimate use and benetit ot eaoh ot the pal"ie, hel'eto. aooording to the intel'ests ot eaoh ot said p&I'Ues hel'ein. upon the ooo4i Uons herein ) expl'essed. That the aald Zl'e4 B, Smith is In\erested in the gl'oss Bale pl'ioe of sald propert1 to th'; extent ot one-eleyenth. and the aaid WilbUl' 1. Brand ia interested in all prooeeda and a- yails ot the laid propert1 to the extent ot ten-eleyenths interest,. IT IS UlDERSTOOn ABD AGRIXD that there le outBtanding against the sai4 propert7 a o.rtaln; mortsage in the SOIl of '1'7.~OO.OO wh10b wall glnn to L. L.- Carlton and others and b1 the. ~!!!!lgn.4 to "01'\ Pl..~. BN\l{ ,. Tr~t ComPLD.Y. whioh .aid aort6Q6e II to be paid out ot the prooeeds and ayaUs ot tbe aa14 part7 or tile til's' part. IT IS FURTHER UlDERS'lOOD AJID AGRDD ,bat eUher ot the parties -1 prooeed to leU the Baid prop"'7 In auoh _nnel', upon lUoh "me and a' euoh pl'ioe as hel'e1n&t\e1' let out. to wit. a' ~ tor aDl' prloe that eUher par'7 .... tu to ael~abOYe the alnlau aale prioe ot .100,~.OO of which 1/3 or aore auat )>>e the ouh pa,..nt. the balaDOe to be paid oyer a period ~f one, two and three 7ear. or leiS tlae, In e~l P8.lIRenh. Beither or the parU.. hereto .0011 exeouto a oontl'&O' tOI' the ule ot .81d Pl'emlle. which 11 no' to be exeoll M4 wi t!Un 60 d8.7s tl'oa it. date. A oo_halon ot l~ aball be allowed to \he .:: ;.;' ..::.~<~: '. ~,:;.~'';:';.::}: ~;:'~