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88-1-1201551-1
FA•1 Fbrida Mortp~e Us~w~ry.1974) tladividuri aad Corpuniio~
THE FEDERAL LAP:C1 BANK OF COlUM81A
MORTGAGE l.OAN MO. ~ R8-1-1201~1
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'j TN1S INDENTURE, madc ttus Tenth day of September ~ 1~ 74 ~ by ar?d ~
~I betwce~ James F. Durhas, II, A. IV. Beck, Bowman Bra+n, John B. Nihite, Tho~s L. '
~I Wolfe, Richard A1. Leslie, Stephen L. Perrone
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~ - hereinafter ~
~ called f'vst pazty, whether one ar more, and The ~ederal Land Bank of Columbia, of Columbia, S. C., a
~ corporation orga~uzed, ..hartered and cxisting pursuant to the laws of the United States of America, ~
hereinafter called seeond party, WITNESSETH, that, ;
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' W IiEREAS, first party is indeLted to socond patty in ihe principal sum of ~
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" Forty Five Thousand and no/100-------- Dollars 45,000.00 as evidenced by a certain
promissory note, of even date herewith, payable to the order of second pazty irt Ten (10)
;I succ~ssive q~n~i installments of principal, ihe fiSst installment of principal being
, 1976, with
- due and payable on ihe First day of July
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! interest from date uf said note payable as and at tlie rate(s) provided in said note, all of which and such ~
other terms, conditions, and agreements as are contained in said note will more fuDy appe.:t by reference
thereto, which note is made a part of this morigage to the same extent as if it were set out in extenso
herein.
'Thfs mortgage secures (1) the Promissory note aboMe recited; (2) all future ~vanas as hereinafter provided for, that
' subsequendy may be made to fint party (or to any oae or more of the puties designated herein ts first party with the :
written consent of the remainder of said puties) b~r seoond party; (3j all other indebudness of first party, (or one or more of ~
'i them), to seoond party now due or to become due under the terms of this inswment, the abov~e repted note, any future
adwance 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.
NOW, KNOW ALL INEN, that first party, in consideration of the debt u evidenced by abov~e described note, and for
better securing the payment thereof to secand party, according to the terms of said note, and the performanoe of tlie
~ oonditions and covenants herein contained and to secure any other indebtedness of fust party to seoond party aa
contemplated under the terr~ hereof and also in consideration of the sum of One Dollar to fust puty ~n hand p~id by seoond
~ party, receipt whzreof is hereby acknowledged, has granted, bugained, sold and nleased, in fa simple, and by these presents
~ does grant, bug,ain. sell and release, in fee simple, unto second party, its su~oessors and assigns, the following described lands, ~
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including but not limited to, all irees, timber, shrubbery, fixtures and improv~ments now and hereafter thereon:
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~ ' The West 1/2 of the East 1/2 of the SW 1/4 of Section 9, Township 35 South,
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~ Range 38 East. LESS the right of way for public roads and drainage canals.
; Said land containing 40 acres, more or less, lyi~tg and being in St. Lucie,
County, Florida
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~ This_instrument prepared by: ~
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~ Clyde M. Johnson, Jr. 7
; P.O. Box 1090 ~ `
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i Lakeland, Florida 33802 ~
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