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HomeMy WebLinkAbout0280 • 1 ~ i~ i h i k - - - - - - + - f~A-1 Fbrida Mortgage t!?~~. 19701 llndiridual a~xi Corpodtio~ ' , ' ~ THE FEDERAL LAND BANK OF COLUMBIA i MORTGAGE LOAN NU. F-12~-~54 ~ ~ TN1S 1NU~:NTURE, made this 17th day of January , 19 ~2, bv ~nd ~ ; bet h~een _ . Cow Creek Ranch, Inc., a Florida corporation, having its principal ; place of business in Ft.~Pierce, St. Lucie County, Florida { i I~ereinafter called first party, whether one or more, and The Federa! Land t3ank of Columbia, of Columbia, S.C., a corporation or~anized, chartered and ~xisting pursuant to an Act of Congress, entitled the l~ederal Farm Loan Act, hereinafier called second part}', alTh~:SSETH, that, ~ VI`I~EREAS, first pazty is indebted to second pazty in the principal su~n of One Hundred Fifty Thousand - Dollars 150,Q00.0~ as evidenced by a certain prumias~ry note, of even date herewith, payable to the order of second party in Forty (40) successive Annual installments of principal, the first installment of principat bci~~g due and pa}'able on the First day of October 1973 ,~~th interest from date of saud note payable as and at tiie rate(s) provided in said note, all of which and such other terms, conditions, and agreements as aze contained in said note will more fully appe.ar by reference , thereto, which note is made a part of this mortgage to the same extent as if it were set out in extenso herein. • This mortgage secures (1) the promissory note above recited; (2) all future advanoes as hereinafter provided for, that ; subsequently may be made to fust party (or to any one or more of the parties designated henin as first pariy with the ~ written consent of the remainder of uid guties) by seoond par.ty; (3) all other indebtedness of fust puty, (or one or more of them), to second party now due or to become due undtr the ternu of this instrument, the above recitcd note, any futun advance note, or other evidena of indebtedneas secured hereby md all renewals, reamortiutioas, extensions, delernients or other reanangements of any indebtedness secured hereby, tog~ther with interest thereon u provided for. ; NOW, KNOW ALL MEN, that first party, in consideration of the debt aa evidenocd by above described note, and for better securing the payment thereof to second party, according to the ternu of said note, and the performana of the conditiona and oovenants herein contained and to secure any other indebtedneas of fust party to second puty u I contemplated under the ternu hereof and also in oonsideration of the sum of One Dollar to first puty in hand paid by seoond ~ party, receipt whereof is hereby acknowledged, has granted, bargained, sold and released. in fee simple, and by these presenu ~ does grant, bupin, sell and release, in fee simple, unto second party, its succesaors and auigna, the following described Iands, % including but not limited to, all trees, timber, shrubbery, fixtures and improvements now and hereafter thereon: q ; ~ ; Section 11, less and except therefrom the :tiorth 100 feet for right-of-way of State t ~oad tio. 68 and less the West 50 feet thereof for right-of-way of proposed ne~ road; ~ ~ aIl that part of Section 12 lying South of State Road :~o. 68; all of Sections 13, ` , 24 and 36; all of Sections 14, 23 and 26, less the West SO feet thereof as right- ~ of-way for proposed ne~ road; Section 35, less and except therefro~ that part which~ ~ lies South and West of proposed new road right-of-way. All lying and being in ~ Tovnship 35 South, Range 36 East. ~ . - , ~ 'ihe E 1/2 of Section 12, Township 36 South, P.ange 36 East. ~ ~ - _ ~ Said lands, containing 5900 acres, ~ore or less, are situate in Okeechobee Count_y, ~ Florida. ~ ~ ~ All that part of Section 7 lying South of State ?toad tio. G8 and all of Sections 18, t 28, 29, 31, 32 and 33, in Tovnship 3~ South, Ra.nge 37 Ear;t. ~ ~ " All of Sections 4, 5, b, 7, 8 and 19; Section 18, less and except therefrom the Si,1 1/4 of the IvE i/4; all that part of Sections 9, 16, 17, 20, 29 and 30 lying - >~orth and West of State Road tio. 7G, ir: Tawnshin 36 South, Range 37 East~ _ ~ Said lands, tontaining 11,266 acres, more or less,~are situate in St. Lucie County, Florida. '~a This security instrument is executed in DL'PLICATF., each of ~hich shall be deer~ed an original, one of which is being filed for record in the Puhlic Records of Okeechobee = County and the other is being filed for zecord in the public records of St. Lucie ~ CAUnty, Florida. ~ s ~s THIS tNSTRUNIENT ~YAS PREPARED EY MARY FRANCES DEWELL, P. O. BOX 1499 ~ COLUMBIA, SOItTH CAROUNA 29202 aOO~~~ ~ACE y i - - - - ~ :j - - .