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I A-1 I~ IoriJa ~tortgagr (Augusl, 1970111ndn~Wual arx! (brpuratiun)
' THE FEDERAL LAND BANK OF COLUMBIA 2~~03 t
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MORTGAGE LOAN NO. F_ 120-047 ±
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1'HIS 1N1)E1Tl`KF., n~adc ihis 22nd da~' oi November , l9 71, b}~ and
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lx•t~~~r~~n W, G. Padrick, Jr. and Elouise S. Padrick, his wife :
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of St. Lucie County, Florida ~
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rall~~d first part~~, whethrr une or mon•, and ThP l~ederal Land 13ank of (:olumbia, of Columbia, S.(:., a
eorporation or~anized, chartered and ~~~istin~ pursuani tu an Act ot Congrea., entitled thr F~deral Farm
l.oan Act, hereinaf'ter called ~~cond party, V~'1TNl~:SSETiI, that,
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~I'IiEKE:~S, first part~~ is indr:btc:d ta second party in the principal sum of Fifty Five Thousand '
and No/100------------------------------- U~llars (a S5,000.00 as evidenced b~~ a certain
promivorY note, of even date hPrewilh. E~a1'a~le to the order of second party in Forty (40)
succea~i~~c semi-annual iustaliments of principal, the first instaltment of principal bci~ig
due and pa}'able on the first day of July , 19 72, with ~ ;
~nterest from date of said note pa}'able as and at :1?e rate(~) provided in said note, all of which and such
other terms, conditions, and agreements as are contained in said note wiU more fully appear by reference ~
thereto, which note is made a pazt of this mortgage to the same extent as if it were set out in extenso
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s This mortgage secures (1) the promissory note abov~e recited; (2) all future advances as hereinafter provided for, that
subsequently may be made to fust party (or to any one or more of' the parties designeizd herein as first party with the
written consent of the remainder of said parties) by second party; (3) all other indebtedness of Pust party, (or one or more of
~ them), to second party now due or to become due under the terms of this instrume~t, the above recited note, any future '
` advance note, or other evidence of indebtedness secured hereby and all renewals, reamortizations, extensions, deferments or
~ other rearrangements of any indebtedness secured hereby, together with interest thereon as provided for.
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; NOW, KNOW ALL MEN, that first party, in consideration of the debt as evidenced by above described note, and for f
€ better securing the payment thereof to second party, according to the terms of said note, and the performance of the i
conditions and covenants herein contained and to secure any other indebtedness of fust party to second party as f '
~ contemplated under the terms hereaf and also in consideration of the sum of One Dollar to fust party in hand paid by se~ond 1 i
~ party, receipt 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 following described lands,
n including but not limited to, all trees, timber, shrubbery, fixtures and isnprovements now and hereafter thereon:
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;k. The West 1/4 of Section 5, Township 35 South, Range 39 East, S~. Lucie County, i
; Florida, I~SS AND EXCEPT the North 220.34 feet and less the South 130 feet; ~ ;
~ said lands, containing 153.39 acres more or less, are subject to existing ' '
~ rights-of-way for public roads and drainage canals. ~ _
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s:~V~ OUE ON CLASS 'C INTI~GIBLE PERSONAL~ OF iA1(ES
PU~:SW1f~1T TO CFiAPTER 20724. ACiS OF 1911~. ERTY,
This instrument prepared
- by E. R. Fields fQG'R POItRAS, CI~ ~~rt
P. 0. Box 1090 ~ ABent br DANIEL N. KNpry~E~ ~R
_ Lakeland, Florida 33802 St lucie County J~ ~~~~or
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~ BooK i97 ~2~~9
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