HomeMy WebLinkAbout1924 F.n;, I.~:dl i'I.,rid~. Se~. B-l d3 (indicidwl and Co:p.t.
~ THE ~'EDERr~L Lr1~~L7 ~3.1~'I~ O~~ COLTJMBI3 y~~ -wt ~
_t~E~, ~7'
~IURTGAGE LOAri NO, F,..lio`56
THIS IND~NTUR~, made this lSth day af JU~}, Luci.e ' 1~5 ~ by and
between gdwin Binney Stead and aife, He1en May Stead, of-i,-eori C~unty, Florida; and
John Elvin Stead and wife, Irene Rogers Stead, of .Leon Coun~y, ~lorida
hereinafter
called first party, ~vhether one or mare, and The Fed~ral I.atid Bank of Columbia, of Columbia, S. C., a corpora-
tion organized, chartered and existing pursuant to an Act of Congress, entitled the Federal Farm L.oan Act~ hrre-
inafter called second garty WITN~SSETH, that,
WHEREAS, first party is indebted to second party in the principal su~n of
Forty ~ousand - Dollars 4O,OOU.c?t)
as evidence by a certain promissory note, of even date herewith, payable to the order of second party in
'I~r~enty. (20)~uccessi~e Annual installments of principal, the first installment of principal being due and
payable on the First day of September , 19 66 , with interest
from date of the said note payable as and at the rate(s) provided in said note, principal and interest not paid when
due to bear interest at the rate of six per centum (6°10 ) per annum, all of which and such other terms, coneiitions,
and agreements as are contained in said note wiil more fully appear by reference thereta, which note is made a part
of this mortgage to the same extent as if it were set ou4 in extenso herein. This mortgage also secares all advances
made by second party hereunder, and, t~nder the terms of said note, all amounts included in aIl reamortiza+tions, re-
newals, deferments and extensions of any indebtedness hereby secured.
I~TOW, KNO~V ALL MEN, that first party, in consideration of th~ debt as evidenced by said note, and for
be4ter securing the payment thereof to second party, according to the terms of said note, and ttse performance of the
conditions and cavenants herein contained, and also in consideration of thc sum of One Dollar to first party in
hand paid by second party, receipt whereof is hereby acknowledged, has granted, bargained, sold and releas~d, in
fee simple, and by these presents does grant, hargain, sell and release, in fee simple, unto second garty, its succes-
sors and assigns, the fnllo~~~in~ decribed lands, including but not limited to, all trees, timber, shrubbery, fixtures and
improvements now and herea#ter thereon:
~ e t rter oP Sectio~n 1;
Southwest Quarter o~ South as Qua 5
Tt~1s~P 3~+ sOCTi'x, RANGE 39 EAST ;
Said lands, containing 40 acres, more or less, in St. Lucie County, Florida, are
sub~ec~ to right of ways reserved unto Flori.da East Coast Realty Company by its
pl.a,t recarded in Plat Book 2, page 7, Public Records of St. Lucie County, Flarida,
~nd, aZso, all other exiating right of rrays thereaver for publ.ic roads and dra~nage
canals.
Ai~d Hetti~ Ann Stead, a widow, the holder of cer.tain rights
t~nder a contract recorded in Deed Book 136, pages 342-347,
PuL~lic Records of St. Luc~.e County, Florida, }oins herein
to confirm her subor3ination agreement dated .~une 23, 1965,
in which, in order to induce secand party to make the loan
hereby secured, she s~bordinated all her interest in said
con~ract recorded in Deed Book 136, Fages 342-347 to the lien
of tlzi:~ mortyage, and reference is hereby made to the rec~rd
of saic~ subordination agreement for complete information as
to said subordinatian.
~ CC -7 ~N ~/~YMENT Of Tl~1[~
•r• INTA 71.E PF.~Sr1VAt ~P,OPrtItTY.
~L~7VED i
DU~ O~ ~~ASS
PURSUAN? TU fHApClkrlt L.i C, '~c ',~r,~94 .
ROG~p ~'~i~: ~ -
en~ f' t CU t!5 M. !A'•
as A9 ~ tY i c x CoU acto;
st. i.~c~e ~ 9
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pEpt!?Y CLERK
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