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~ FA-1 Florida Morya~e lJanuuy.1974) (ladiri~dwl and Cocpantb~J -
~ THE FEDERAL LAND BANK OF COlUMB1A
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~ ~ MORTGAGE LOAN NO. F 1201482-1 ~~.~QiZ4
' TH1S 1NDENTURE,-t~sde this 7th day of AuBust ,19 74 , by and
I betWeen Svain Groves, Inc., a Florida corporatioa, having ite principal place
of businesa in ~Tinter Haven, Polk Couaty, Florida
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~ . hereinafter
~ called first party, whether one or more, and The Federal Land Bank of Columbia, of Columbia, S. C., a
j corporation organized, chartered and existing ~ursuant to the laws of the United States of America,
~ hereinafter called second party, WITNESSETN, that,
f
~ VYliEREAS, first party is indebted to second pazty in the principal sum of ~io Million----
' ---1t~ree Hundred Forty Ztiree Thousanc~o1lars (3 2~3~+3•000•00 as evidenced by a certain
j~ promissory note, oi ~ven date her~w~th, pa}able to the arder of second party in Fifteen (15)---------~
successive Annual------------------ installments of principal, the first installment of principal being
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' due and payabte on the First day of Septesaber _ ,1975, with
interest from date of said note payable as and at. the rate(s) provided in said note, all of which and sueh
other terms, conditions, and agree:nents as are contained in sa~d note will more fully appeaz by reference
i; thereto, which note is made a part of ihis mortgage to the same extent as if it were set out in extenso
;I herein.
~ This mortgage secures (1) the promissory note above ncited; (2) all futun advanas as heceinafter provided for, that
subsequendy may be made to Cust party (or to any one or more of the puties designated herein u fust party wi e
i written conseat of the remainder of said parties) by seoond party; (3) all other indebudnas of first party. (or one or more of
them), to seoond party now due or to become due under the terms of this instrument, the abov~e recited note, any future
;i advauce note. or other evidence of indebtedness secured hereby and all renewals, ramortizations, extensions, deferments or
_.a_J a,
i1 other rearraagements of any indebtedness aecured hereby~ t~CU~eI V~il~il tOleleSt tiiCiCUiI di fi~Viia~c:u ats:.
NOW, KNOW ALL MEN, that fusi party, in consideration of the debt as evidenccd by abovr descn~ed note, and for
better secwing the payment thereof to second Party, according to the terrru of said note, and the pedormance of the
conditions and oovenants herein oontained and to secun any other indebtedness of fir:t party to second party is
'i oontemplated under the terms hereof and also in oonsideration of the sum of One Dollar to first party m hand gaid by second
! ; y party, receipt whereof is hereby acknowledged. has gcanted, bargained, sold and released, in fee simple, and by these presents
, does grant, bug,ain, sell and retease, in fee simple, unto second party, its successors and aasigna, the following described lands,
~ ,i including but not limited to, all trces, timber, shrubbery, fixtures an
d improvements now and hereafter thereon:
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~ 1714.77 acres of laad, more or less, lying, being and situate in ~
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St. Lucie Couaty, Florida, more particularly described on Schedule
A, consisting of two pages, initialed for identification, aad
incorporated herein by reference. ~
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