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Home My WebLink About0423 ~ , 1 ! ~ _ _ - _ - . ~ ~kb ` _ - i ` x ~ - - - _ _ - - I FA-1 i~ brid~ Mortgsgr Uanuaty, 19741 l lndivdwl and Corpontao) R~~~ IN PA1fNlLTf~ OF j ' THE FEDERAL IAND BANK OF COLUMBIA ~~N c '~'~N1AN61dlE PE~~~o~ ?RO Rn. f ~1lR$WWT 10 CFNPi f ~ 71 •134. ACTS Of 19~ ( MORTGAGE LOAN NO. F 0-1161413-1 ~E~ , (XERIt CIRCIlR OOl1RT, ST. WC1E ~ ~ 1'lI1S INUh:h7'UR1~:, madc this 21st day of January , 1974 , by and ! ' ~ !x•hvicen Otia P. Clemons and Ida M. Clemons, h1s wife, C. W. Bailey and Joqce Baileq, j his Wife, and Jamee R. Fowler and Barbara Sue Fowler, hie Wife, all of ~ Okeechobee Countq, Florida ~ ~ hcrcinafter callcd iir~t p~?rty, wh~~thcr onc or morc, and 7'hr. Fcdrr:~l l.and Rank of Columbia, of Columbia, S. C., a ~ corpuratiun organized; ehartered and rxisti~~g pur~i:~nt lo the la~vs of the United States of America, ~ hereinafter caUed secund party, ~~`1TNF.SSN:7'li, that, I ' ! II 11'IIh:N~:~ti, i'irst p:?rl~~ is ind~•bte•d tu scrund part~~ in lhc priucipal sum of 1~ao Million Four - Hundred Seventy Five 1'housand----- Uollars 2,475,000.00 as cvidcnccd b~~ a c~~rtain ~ ~ promis.sur~~ n~,t~•, of cven dat~• hcn•~.~ith. pa~-aLlc lo thc ord~•r of u~cond party in Thirty (30) I ! succc.si~~~~ annual installm~~nts ut principal, thc firsi installmcnt of pri~icipat br.in~ ' ~ '.i du~~ and pa~•able on th~~ first da~• of December , 19 75, ~•~th ~ - s~ ~ intemst from date ot ~aid notc p:~~ abie as and at tl~e rate(s) provided in said note, all of whici~ and such ~ oth~r t~~rms, conditions, and arreements as are coniaincd in said not~ ~.~Il more full~• appear by referencc ~ thereto, which note is madc a~~art oi~ this mortgagr lu the sanu~ cxtent as if it were set out in extenso i~ hercin. ( ii ~ iE This mortgage secures (1) the pronussory note abuve recited; (2)~all future advances as hereinafter provided for, that subsequently n~ay be made to first party (or to any one or n~ore of the parties designated herein as first party with the written conscnt of the remainder of said parties) b~ second parry; (3) all other indebtedness of Pust party, (or one or more of them), to second party now due ur to becon~e due under ihe ternu of this instrument, the above recite~ note, any future !i r! advance note, or ottier ehdence of indebtedness se~ured hereby and all rznewals, reamortizations, extensions, deferments or i other rearrangements of any indebtedness secured hereby, tugether with interest thereon as provided for. i~ NOW, KNOW ALL h1EN, that first party, in consideration of the debt as evidenced by above described note, and for ~ better securing the payment thereof to second party, according to the ternu of said note, and the performance of the conditions and covenants herein contained and to secure any other indebtedness of first- party to second party as contemplated under the ternu I~ereof and also in consideratiun of the sum of One Dollar to first party in hand paid by second ~ ' party, receipt whereof is hereby acknoveledged, has granted, bargained, sold and released, in fee simple, and by thesc presents i dces grant, bargain, sell and release, in fee simple, unto second party, its successors and assigns, the fullowing described lands, i inctuding but not limited to, all trees, timber, shrubbery, fixtures and improven~ents now and hereafter thereon: I~ }~Lands in Okeechobee Countq, Florida: ' i~ j ~lCammence at the intersection of the south right o~ way line of S. R. 70 with the east ~ ~iline of Section 36, Tawnship 36 South, Range 36 East, Okeechobee Countq, and run thence ~ ~;southward with said east line a distance of 3,000 feet, more or less, to the southeast j~~ ".jcorner of said Section 36, which is also the southeast corner of Tawnship 36 South, - ~iRange ~6 East, which is a double township corner, located in the North line of Section . i`6, Township 37 South, Range 37 Fast; run thence Westward with the north line of Section f ~ 6, Township 37 South, Range 37 East a distance of 300 feet m~re or less, to the !inorthwest corner of said Section 6, and uhich is also the northwest Township corner ':,~`of Tawnship 37 South, Range 37 East; run thence northward on a line parallel to the i ~least 13ne of Section 36, To~mship 36 South, Range 36 East, to an intersection ~rith I the south right of way line of S. R. 70; run thence northeastward with said right of E Way line to the point of commencement; containing 21 acres, more or less, and lying ~ and being in Okeechobee County, Florida. I~ ~i '~I.ands in St. Lucie County, Florida, contlining in the aggregate 7411 acres, more or ~ less : ~ ~ •:!All that part of Sections 4 and 5, Township 37 South, Range 37 East, lying west and .isouth of the following described line: i~ ~~Commencing at a concrete tnonument in Che north line of Section 5, which is 2,640 fj ~~feet westward of the northeast cotner of said Section 5, turn an angle ot 90 degrees to the south from said north line and run thence southvard a distance of 2,804.5 feet ~ ` to a concrete monument; turn a 90 degree angle to the left and run eastward a ;i ~ distance of 4,119.i feet to a concrete monument; turn an angle of 21 degrees 21 minutes ~ l, (Continued on Schedule A attached hereto and made a part hereof) `j THIS INSTRUh:ENT ~~aS P~Ef'ARED BY jMIARY FRAP~CES DE~:: ~L, P. O. GOX 1499 ( COLUP~BIA, SUUTH CAROUNA 29202 _ ~ - ~ - - ---sea~i~ r+~