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HomeMy WebLinkAbout1231 J FA-1 Fbrids Mortpse (June, 1978) (lndividwl sod Corpastio~ + ~ .F THE FEDERAL LAWD BANK OF COLUIII~IA MORTtiA(3E JOAN NO. F 88-1-1203066-1 THIS INDENTURE, aside this 12th day of ~y ,19 80 , by and between Paul L. Moschel and Margaret F. l~bschel, his wife both of Collier County, Florida hereinafter called first patty, whether one a more, and The Federal Land Bank of Columbia, of Columbia, S. C., a corporation oraaniaed,. chartered and eziatirts pursuant to the Lws of the United States of America, hereinafter called second party, WITNESSETH, that, WHEREAS, first putt' is indebted to second party in the principal sum of Three Hundred Nineteen Thousand and no/100--------------------- Dollars 319,000.00 as evidenced by a certain promissory cote, of even date herewith, payable to.the order of second party in Twenty (20) suoLxseive annual inataUmenta of principal, the first inataUment of principal being - due and payable on the 1st day of March ,19 8Z with 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 are contained in and note will more fully appear by reference thereto, which note is aside a part of this moitgage to the same extent as if it were set out in extenao herein: This nwttgage secures (I) the promissory note above seated; (2) all futtue advances a: hereinafter provided for, that subsegt~tly may be made to firrt party (or to say one or more of the parties designated herein a: t'ust party with the written oooseat of the remairt~er of said parties) by aeaond party; (3) all other iadebtednes: of first party, (or one or mere of them), to second party now due or to become due under the tarntt of this iastrutaent, the above seated note. say future advance note, or other evidence of indebtedness secured hereby and all naewab, rearaortizations, extensions, deferment: or other rarrangement: of any indebtedness secured hereby, together with interest thereon as provided for. NOW, KNOW ALL liiBN, that first party, is oonsideratioa of the debt ss etridenoed by above de:<xibed note, and for bettor securing the payment thereof to ~ second putt', according to the terms of said note, sad the pesforwaoe of the conditions sad ooveoants herein contairrod and to sxun any other indebtedness of t'irst party to seooad party a: coatemplatcd under the terns hereof sad also is ooasideratioa of the sum of One I?.ollar to fast party in hand paid by second party, receipt whereo)' is hereby sckaowledged, hu granted. barpiaed. sold and released, in fa sirnpk, and by these preseab doe: t, gain, sell sad ukase, iA fee simple, unto second party. it: successors sad a:sigrts, the {allowing descn~ed land:, iaaubut not limited to, ali tree:, timber, shrubbery, fnttures and improvements now and hereafter thereon: From the Northeast Corner of Section 6, Township 37 South, Range 38 East, located in 'I St. Lucie County, Florida, run South O1° 08' 45" West along the East line oi' said Section 6 a distance of 1687.84 feet to the point of beginning, marked by a concrete j Monument; thence continue South O1° O8' 45" West along the East line of said Section 6 a distance of 960.34 feet to a point on the East line of said Section 6; thence continue South 89° 22' 40" West to a concrete marker lying 135 feet East of the West line of said Section 6 being a distance of 5383.69 feet, more or less; thence run North 00° 07' 44" East along the East right of way of Central and Southern Florida Flood Control District C-23 Canal a distance of 960.00 feet to a concrete monument; thence run North 89° 22' 40" East a distance of 5422.08 feet to a point on the East line of said Section 6 being the point of beginning. Said parcel containing 119.58 acres, more or less. 6 I nos utlEln af6~ sty Feder red fja Post Offece fjoz 1546 ! Lakeland, Florida 33801 i j Reoaitrad • in Payntartt tX Tmoaf! Cue On Clews "C" trttanpibia pWSptu arop~,M. purswa+rn To Chapter 71.134, Aols p f 1, ROGER POITRl1s Gera Circuit Covrt. St. LuQM. Co., - ~ X331 P~i~~