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Home My WebLink About2468 ~ . 88-1-1201474-1 ~ i ~ FA-1 Floiida Yoctp~e Nanwry.1974) (ladividusl aad Corpo~stio~ 29 I C7~6 ~ i THE FEDERAL LAND BANK OF CO~.UNIBIA I ~ NO. F 88-1-1201474-1 ~ ~ MORTGAGE LO ~ I ~ ~ TH1S INDENTUR~, made thisil~enty-First ~y of qugust ,19 74 , by and - ~ ~ ~ . ~ ~ between Fhilip H. FFi~~~~ and Ca2~st~ Orr Prince, his ~tife, Qf Spartanburg County, t ~ ~ South Carolina ~ . ~ hereinafter called first party, whether onc or more, and The Federal l.and Bank of Columbia, of Columbia, S. C., a corporation organized, chartered and existing pursuant ~ to the laws of the United States of America, ~ hereinafter called eecond pazty, WITNFSSETN, that, VNfiEREAS, first party is indebted to second pazty in the principal sum of One ~Hundred Thirty- ~ Five Thousand Dollars and no/100--------~oUars ~ 135,000.00 as evidenced by a certain promissory note: of even date herewith, pa_yable to the order of second puty in '1~?enty (20) I successive ~~1 • installments of principal, the Cust installment of principal bcin~ ~ due and payable on the First day of March , 19 76 ,~+nth ~ ~ interest from date of said note payable as and at the 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 appear by reference ihereto, which note is made a put of this mortgage to the same extent as if it were set out in extenso ` herein. iI This mortgagi secures (1) the pcomissory note abov~e ncited; (2) all future advanas as hereiaafter provided for, tt~at wbsequendy may be made to first puty (or to any one or mon of the puties designated henin as fint party with the I written consent of the remainder of aaid putia) by seooad puty; (3) all other indebudnesa of ficst puty, (or one or mon of them), to aec~ond party now due or to bevome due under the terms of thia instrument, the abov~e recited note, aay fut~ue I advana note, or other evidena of indebtedness secured hereby and all nnewals, reamortiz~tions, extensions, deferments ~ ;j other rearrangements of any indebtedness secured hereby. together with interest thereon u provided for. ~ NOW, KNOW ALL MEN. that first party, in c~onsideration of the debt as evidenced by abore described note. and for better securing the payment thereof to second puty, according to the terms of said note, and the performance of the 'i oond;tiona and covenanta herein oontained snd to secure any other indebtedness of firtt party to seeond party as , contemplated under the terms hereof snd also in oonsideration of the sum of One Dollar to fint puty in han~ p~id by aeoond ! party, receipt whereof is henby aclcnowledged. has granted, bargained, sold and releaaed, in fee aimple. and bY Wese Presents ~ does grant, bugain, sell and release, in fee simple. uato sa:ond p~arty, ita wcce.swrs and assigns, the following described lands, ~ including but not limited to, all trces, timber, shrubbery. fixtures and improvementa now and hereafter thereon: ~ ~ PARCEL ~1 All Tract 16, Section 22, Tor~mship 33 South, Range 38 East, according ~ to the last general plat of lands of the Indian River Fanos Coapany filed in the office of the Clerk of the Circuit Court of St. Lucie f i~ County, Florida, in Plat Baok 2, Page 25; said land now lying and being ~ ; in Indian River County, Florida; EXCEPTING the North 20 feet of the South SO feet of said Tract 16,-Section 22, Township 33 South, Range ~ 38 East. ;I 'r PARCEL #2 The South 2/S of Parcel No. 1 of St. Johns Drainage District, Unit No. 4, according to the plat thereof recorded in Plat Book 7, Page 25, ~t Public Records of Indian River County, Florida; LESS canals and rights-of-way. L•3 The South 1/2 of the Southwest 1/4 of the Southwest 1/4 of Section 18, PARCE Township 35 South, Range 39-East, LESS rights-of-way for roads and canals; said land lying and being in St. Lucie County, Florida. i . The above lands containing 99 Acres, more or less. - _ ;I ~ ;i This instrument prepared by: ~ 7'lo~t~ ~ ;I RECEIVED IN FAYMEIfi oF TAxEs ~ Clyde M. Johnson, Jr. puE pN qJ?ga ~C prrN~sieLE ~E~90~ P~ry. ~ Post Office Box 1090 ~ltliSUlWt i~0 ~p ri•~~t. ~s OF 1~~1. ;j Lakeland, Floxida ~ ~ ~ ~ This mortgage has been prepared in duplicate and each one is desmed an original. ~ . ~ ~ ;I ~ doo~ ~4 iAG4V I ; _ ~ s F w~,,~; . _ ~ ~ ~ ~ - ~ ~ _ - ~ _