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i~ FA-1 Fbrids Mortp~e (January.1974) (Individual aad Corporatio~ - `
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~ TNE FEDERAL LAND BANK OF COII'JMBIA • ?
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( MORTGAGE LOAN NO. F 88-1-1202050-1 4
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~ 1976 ,b and
~ THIS 1NDENTUFE,.made this Third day of June , y
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between Charles Stone, Jr. and Kathryn E. Stone, his wife, both of
St. Lucie County, Florida,
~ hereinafter
( called first party, whether one or more, and The Federal Land Bank of Columbia, of Columbia, S. C., a
~ corporation organized, chartered and cxisting pursuant to the laws of the United States of America,
, hereinafter called second party, WITNESSETH, that, .
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~ Wt~EREAS, fust party is indebted to second pazty in the principal su~n of
no/100
~ Z~?o-Hundred Eighty-Tl~ousand and/ DoUazs 280, 000 . 00 as evidenced by a certain
1I promissory note, of even date herewith, payable to the order of second party in Fifteen (15)
~ successive Annual installments of principal, thc first installment of principa! bcir?~
; due and payabte on the First day of September , 1q77~
j interest from date of said note payable as and at tl?e rate(s) provided in said note, all of which a~d such
other terms, conditions, and agreements as are contained i~ sai~i note wiU more fully appear by reference
thereto, which note is made a part of this mortgage to the same extent as if it were set out in extenso
( herein.
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~ This mortg~ge secures (1) the promissory note above recited; (2) all future advances u hereinafter provided for, tlut
` subsequendy may be made to first puty (or to iny one or more of the partie: designated herein u fust puty with the -
written conxnt of the remainder of uid parties) by. seoond party; (3) all other indebudneas of fust puty, (or one or more of
I~ them), to seoond party now due or to beoome due undcr the terms of this instrument, the abov~e recited note, any fut~ue
i advana note. or other evidence of indebtedness secured hereby and all renewals, reamortizations, extensians, defern~ents or
I other rearrangements of any indebtedness ~ecured hereby, together with interest thereon u provided for.
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" NOW, KNOW ALL MEN, that first party~ in consideration of the debt aa eridencxd by abore described note, and for
better secwing the payment thereof to second puty,. according to the terms of said note, and the performance of the
oonditions and covenants herein oontained and to secure any other indebtedness of tust party to seaond party u
oontemplated under the ter~ henof and also in rnnsideration of the wm of One Dollar to first puty in hand paid by s~cond
d~oestY•grant, b g,un. seU and r
lyease, ie Ce~e mneple, untoansecond pagrtyeat socassonland~assigns~, the following ~escribed lands.
j~ including but not limited to~ all trces. timber, shrubbery. fixtures and improvements now and hereafter thenon:
%j Parcel 1 .
Ii The North ~ of the Southwest ~C of Section 22, Township 35 South,
Range 38 East, less the West 40 feet for Sneed Road right-of-way and
'i less the North 43.5 feet for North St. Lucie River Water Management
i,i District right-of-way. All being in St. Lucie County, Florida and
containing 78 acres more or less.
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i ~i Parcel 2
~ ~ The South ~ of the North ~ of Section 22, Township 35 South, Range 38
~ ~ East, less right-of-ways for North St. Lucie River WAter Management
~ District and Sneed Road. All being in St. Lucie County, Florida,
~ ~ containing 160 acres, more or less.
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; This instrument prepared by: -
` James L. Beck, President
~ P. O. Box 1546 ~.S _ G~~
~ Lakeland, Florida 33802 ~t~
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