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FA•1 Florida Mortpse (June, 1978) (ladividual and Corporation) ~ ;i
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THE FEDERAL LAND BANK OF OOLUMBIA 4`f
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MORTGAGE LOAN NO. F 91-0-3772720-1 ~
THIS INDENTURE, made thin 27th day of February ,19 80 , by and
between Davis Enterprises, Inc. a Florida corporation having it's principal
place of business in Hardee County, Florida.
1
hereinafter
called first party, whether one e>r more, and The Federal I:sr:d Bank of C~!+lumbia, of Columbia, S. C., a
corporation exgatti>Geu;, chartered and eitiatitlg puriiuant to the laws of the United States of America, 1
hereinafter called second party, WITNESSETH, that, -
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WHEREAS, first party is indebted~t"ei second party in the principal sum of i
--Eight Hundred Eighty Thousand & 00/100-Dollars (:880,000.00 as evidenced by a certain
promissory note, of even date herewith, payable to the order of second puty in Twenty Five (25)
suexeaaive annual installments of principal, the first installment of principal being
~ due and payable on the First day of March ,19 82, with
~ interest from-date of said note p:3ra~le as apd at the rate(s) provided in said note, all of which and such
other termer, eonditiona, and agrcerrtenta ad are contained in said note will 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.
This ttiortg~e secures (1) the promissory note above recited; (2) all future advances as hereinafter provided for, that
subsequently tray be mach to first party (or to any one o:. more of the parties designated harem as tint party with the
~ written consent of the remaiu}er of said parties) by second party; (3) all other indebtedness of fiat party, (or one or more of
them), to seoottd party ttow due or to become due under the terms of this instrument, t>re above recited note, any futon
advance note, or other evidence of indebtedness secured hereby and all renewals, reambttiutiotu,sxtensions, deferments or
other reatrangetaents of say indebtedness secured hereby, together with interest tharaon m prmrided fa.
~ NOW, KNOW ALL MEN, that first party, in consideration of the debt as evideaeed by above described note, and for
better seeatting the payment thereof to seeoad peaty, according to the tetms of said note, and the perfortiiance of the
conditions and covenants herein oontaiaed and to secure any other indebtedpen of first poly to second patty u
1 oattemplated under the terms hereof and also in oon:ideratioa of the sum of One Dollar to fast party in hand paid by second
party, nexipt whereof is hereby adcnowledgad, has granted, bargained, sold and released, in fee sim~, and by these praenb
doe: t, bargain, sell and release, is fee simple, unto seooad party, its sucexsson and sssigna, the allowing described land:.
'I ~ indu ' but act limited to, all trees, timber, shrubbe ,fixtures sad im rovetnents now and hereafter thereon:
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Blocks 63, 64, 65, 66, 67, 68,69, 70, 71, 72, 73, 76, 77, 78, 79, S0, 81, 82,
83,84, 85, 86, 87, 88, 89 and 90, of Indrio Groves, according to_the plat thereof
j recorded in Plat Book 12, page 48, of the public records of St. Lucie County,
~ ; Florida.
Together with an easement for ingress and egress as recorded in O.R. Book 72~
~ , page 656 Public Records of St. Lucie County, Florida.
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~ in PaY~rn tK Tao~N
~ Rece,~ad s
due On Class '"C° iMarq~ P<Jfi0f1a1 .
Pursuant TO cttatMi? t~ Mr of 1~`~
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