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. I A-1 Flotida ~tottgagr (August, 19701 ~Indivxiual arni ('ur{wration) TM~S IMSTRUMENT WAS PREPARED BY
MARY FRANCES DEWEIL, P. O. BOX 1499
THE FEDERAL LAND BANK OF COLUMBIA~~uMeu. sOUrH c.~?ROUw? 29202
MORTGAGE IOAN ~10. F__ 120.0~6__ _ _ ~
~ 218898
7'1115 !\[)~:\1'l'tiE, n~adc this 21th da~• oi Nrn?ember . 1971, b~ :~nd f
lx~t~.~~~rn Jo Ann Raulerson Sloan and Thornas L. Sloan, her husband; of St.Lucie F
County, Florida. ;
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hcreinaftcr i ~
call~~d first E~arty, w°~ rthc•r onc• v~ ,~nd 1'h~ Hederal Land t~ank of Culumbia, of Columhia. S.C., a '
curp~~ration ur~anized, chart~:red and existin~ puruiant to an :ict oi Congrca•, ~~ntitlc:d the Ncd~•ral Farm ~ E
I.uan :~ci, hrreinafter called second part~~, ~~'11'hF:SSETH, that, i ~
~1 II~:N~:1S, first part~• is indebted to second party in ihc principal sum uf i
One Million Six Hundred 'fiousand - Uullars (E 1,600,000.00 as evidenced b~~ a certain F
pn~mi~~ur~ note, of even datt~ hc•rewiih, pa~~able to tl~e order of second party~ in ForGy (40)
~~cec•a.i~~r Annusl installm~nts of principal, the first installment of principal bei~~
due aud pa~•able un the Firat day of Oetober , 1973, with
i~~te•rrsi from date of said note pa~~able as and at tl~e rate(s) provided in said note, all af which and such
uther tr~rms, conditions, and agrecments as are contained in said note wiU more full~~ appear by refcrence
thereto, which nuic= ~s made a part of this mortgage to the same extent as if it were xt out in extenso !
h~~rc~in. ~
This murtgage secures (1) the promissory note above recited; (2) a:l future advances as hereinafter provided (or, that
subsequently may be made to first party (or to any one or more of the parties designated herein as fust party with the
written consent of the remainder of said parties) by second party; (3) all oiher indebtedness of fust pazty, (or one or more of
them), to second party nuw due or to become due under the terms of this instrument, the above recited note, any future
advance note, or other evidence of indebtedness secured hereby and all renewals, reamortizations, extensions, deferments or 14
uther rearrangen~ents of any indebtedness secured hereby, together with interest thereon as provided fbr.
4 NOW, ICNOW ALL MEN, that first party. in consideration of the debt as evidenced by above described note, and for 'j
E better securing the payn~ent thereof to second party, according to the terms of said note. and the performance of the ;
~ conditions and covenants herein rnntained and to secure any other indebtedness of fust party to second party u j
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contemplated under tt?e ternu hereof and also in consideration of the wm of One Dollar to fust party in hand paid by second ~
~ party, rcceipt whereof is hereby acknowledged, has granted, bargained. sold and released, in fee simple. and by these presents
dces grant, bargain, sell and release, in fee simple. unto second party, its successors and assigns, the fullowing described lands,
~ including but not limited to, all trces, timber, sh:ubbecy, fixtures and improven~ents now and hereafter thereon: ~i
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} Section lI, less and except therefrom the '~orth 100 feet for right-of-way of State
- Road ~o. b8 and less the t:est ~0 feet thereof for right-of-way of proposed new road; j~
~ all that part of Section 12 lying South of State fioad :30. 68; aZl of Sections 13,
e 24 and 36; all of Sections 14, 23 and 26, less the i:est ~0 feet thereof as right- ~
of-way for proposed new road; Section 35, less and except ttierefroc~ that part whicli
lies Sout~ and ~'~st of proposed new road right-of-way. All 1_r•in~ and being in ~
~ "T~wnship 35 South, Range 36 East. ~
~ Tne F. 1/2 of Section 22, Township 36 South, Range 3b East. i; ~
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~ ~ Said lands! containing ~900 acres, ~nore or less, are situate in Okeechobee Courty, i
' Florida.
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~ ~~1 t!;a:. r~r. of c~ction 7 lying South of State r'.oad :~o, u8 and all of Sec[ions 13, i;
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- ~S, 29, 31 ~ 32 and 33, in Township 3~ Sout!?, riange 37 i:ast . ' ~
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~ ~~11 of Sections 4, 5, 6, 7, 8 and 19; Section 18, less and except therefroe~ the
5~: 1/4 of the :~E 1/4; all that part of Sections 9, 16, 17, 20, 29 and 3~ lying :
- .:ortii and ~~est of State i:oad ::o. 70, in Township 36 Sonti~, ~ange 37 ~ast.
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Said lands, containing 11,266 acres, more or less, are si[uate in St. Lucie Countv,
~ Florida.
t~nd, ffrst party assigns, [ransfers and convevs and sets over unto second part~ all
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_ his ribi~ts, royalties, rents and other inco~e-of whatsoever kind or c~ature that n~ay ~
` accrue to him and his heirs a.zd assigns by reason of an~ vai~d oil, ~as or ~~ineral }
lease c:escribing said lands whictl is now in force Iiere[ofore executed and duly re- i
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corcied in tl~e Public Records of said ~ounty. i
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T;:is se~~r3ty f^str:s.~~nt is e~:eCULc~~i in ~~?'D!.ICA"~'I' , each of ~rhicti shall he ~;ee,:~c, an '
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`Y'= _oribinal, one of vhich is 5ein~ iiied for record in tne Puhlic !~ecords of nkeectiohee
~ounty and the otlier is being filed for record in the Puhlic Records of St. I.uci~ i~
- County, Florida.
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