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' FA-1 Fbtida Mortgage (lanuuy, 1971) Undividwl and Corpoialivn)
~ THE FEDERAL IAND BANK OF COLUMBII~TMrs rksTRUM~nrr w~s ~P~REV etr
1ARY FRANf'ES REWEIL, P. O. BOX 14
i MORTGAGE tOAN NO. F__1=120125.$_:_L_ C`" `•"~"r~~ cn~o; ~rin 292oz
TNIS 1NDI~:NTLIRF., maac this Sth day uf *tarch , 19 74 , by and
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tx~twcen Richard E. 8ecker and Lillian M. Becker, his wife, of Indian River County.
Florida ~
i .
~ hcreinafter
called first party, whcthcr oni~ ~N morc, and Thc Fcdcral l.and [3ank of Columbia, ut Columbia, S. C., a
~ corporatiot~ orga~iized, chartt~red and ~~xisiii~ pur~~ant to thc laws uf ihc Unitcd Statcs of America,
' hereiuafter called secund party, W1TNF:SSI~:TU, that,
i
N'llF.NEriS, first party is indrbled to sccond party in thc principal sum of
One Million lfao Hundred Thousand---------~~~~lars 1, 200,000.00 as evidcnccd b}' a ce~rtain ~
~?ru~aissory note, uf even dat~~ he~re•witli, pa~•able to tl~e urder of st:cond party i~i lraenty (20)
successive Annual installments of prineipal, ihe first instaliment of principai bein~
duc and pa~~ablc ~n thc First day of January , 1976 , with F
' interest from daie of said note pa~•able as and at il~e rate(s) provided in said note, all oi whieh and such
other tr.rms, conditions, and agrecmcMs as am contained in said note wilt more fully appear b}' reference
thereto, which ~wte is made a part of this mortgage to the same extent as if it were set out in extenso
hcrein. ~
This mortgage secures (1) the promissory note abov~e recited; (2) all future advances as hereinaCter provided for, that
subsequently may be made to first party (or to any one or more of the parties designated herein as first party with the
written consent of the remainder of said parties) by second party; (3) all other indebtedness of first party, (or one or more of
them), to second party now due or to beco~ne due under the lerms 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
other rearrangements uf any indebtedness secured hereby, together with interest thereon as provided for. ~
NOW, KNOW ALL MEN, that first party, in corsideration of the debt as evidenced by above described note, and for
better securing the pay~iient ti?ereof to second party, accor~ing to the terms of said note, and the perCormance of the
wnditions and covenants herein contained and to secure any oiher indebtedness of fust party to seoond party as I
" contemplated under the terms hereof and also in consideration of the sum of One Dollar to first party in hand paid by second
` 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 follawing described lands,
including but not (imited to, all trees, timber, shrubbery, fixtures and improvements now and hereafter thereon:
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PARCEL 1- INDIAN RIVER COUNTY, FLORIDA
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From the riorthwest comer of '~ract 1, St. John's Drainage District, Unit 7, the same
being filed in the office of the Clerk of the Circuit Court of Indian River County,
Florida, in Plat Book 7, page 41; Thence run South 0 degrees 45 minutes QO seconds
i~'est a distance of 2502.10 feet along the F?est boundary of said St. John's Lrainage
~ District, Unit 7; Then~~ run iiorth 89 degrees 23 minutes 15 seconds [Iest a distance
: of 2814.35 feet to the point of beginning; the same being the center of a 60.d0
~ foot easement; thence run North 89 degrees 23 ~inutes 15 seconds tJest a distance of
~ 2479.03 feet to the centerline of ?~Torth Lateral S; Thence run South 0 degrees 43
- minutes 30 seconds SJest along said centerline a distance of 2453.30 feet; Thence run
' South 89 degrees 23 minutes 15 seconds East a distance of 2493.30 feet to the center-
line of a 60.00 foot easement; thence run North 0 degrees 23 minutes 30 seconds h?est
e a distance of 2453.22 feet along the centerline of said 60.00 foot easenent to the
S point of beginning. Less the ~orth 790 feet thereof, more or Iess, as conveyed to
? F. William Becker,by deed recorded in O. Y.. Book 268, page 129, public records of
_ Indian River County, Florida.
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PARCEL 2- ST. LUCIE COU:ITY, FLORIDA
The :lorth 3/4 of Section 26 and the F,ast 1/2 of the ~'ortheast 1/4 and the F7ort:~east
1/4 of the Southeast 1/4 of Section 27, Township 34 South, P.ar?~e 38 East;
= ~CEPTI~G THEREFItOM that part thereof lying West of the following described line:
3eginning at a point in the South IinE of the ?:ortheast 1/4 of the Southeast 1/4 of
~ , said Section 27, which poiret is 120 feet F.ast of the Southwest corner of the vortheast
> ! 1/4 of the Southeast 1/4 of said Section 27; thence run *'ortherly in a strai~;ht line
- to a point in the ::orth line of the F•,ast 1/2 of the "ortheast 1/4 of said Section 27,
; , s~hich point is 87 feet ~.ast of the "orthwest corner of the East 1/?_ of the ::ortheast
; 1/4 af said Section 27.
;
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~OGLTEt1:P. t•1ITii ALL RIGtiTS, benefits and easements set forth in those certain aoreements
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