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PROVIDFORAE
EI~.N.~~~~ FUTURE
FLORIDAINDIAN RIVER AND ST. LUCIE County.
Ia cautderauon of acrd to secure all existing indebtedness of Sidney M. Banack,Jr. and Donna Sue Banack ,
iwMther one or mores, to FARMERS Peodttetioa Credit Association, Linder.
and all advanoss that racy Ee made by Lender to Borrower within twenty ytan from the date of this mortgage, with inttrest thereon i tM toyl principal amount
**ONE HUNDRED THIRTY EIGHT THOUSAND DOLLARS AND NO CENTS*****
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scatted hereby not to exceed at an}• oni time
1~p i
Dollars ~ i iJU s ~ L'ndcnytned has Kranted. barguned. wld and .vnveyed. end by theme presents does hereby grant. bargain. sell and
tvnre}• unto Linder, its succrason and assign... the following descritxd lands in Indian River and St. Luei a County, Florida
SEE ATTACHED RIDER FOR LEGAL DESCRIPTIONS
- -
- - ~ . o V ~ Pa~r~t aT.w.
c~ ~ 't.f_. .a ToChppr7t.1~.AMa0f1~1.
y~,,.v y
ti 110001 l~OAB~
Clfxk CkWlt ~011~R ~ S~ tI~
T!!!S lNSTRl1'dENT WAS PREPARiO BY: •
~:''.R:ES G. SE,•.RCY. YICE PRESlDf!iT '
f~.~.3i.;cRS PR;;DUC71Qt! CREDIT ASSGC.
i „J Zt7uti STREET, YrRO BEACN, FL 32860
together with all and singular the tenemenu. hereditaments. and .ippurtrnances thereunto belong?ng or in amwise appertaining. and the rents. i.:+ues and
pests thereof.
A default under this instrunxnt or under am other inurument herctnforc or hereafter executed by Rorrowtr and or l'ndenigned [o Lender, or a default t
be Bortower and or l.'ndersigned under any instrumenu:~ mn;tituung a liras prior to the lien of this instrument, shall at the option of Lender cortstiwtr a
default under an} one or more, or all instn:ments a:ecuted by Borrower and or l'ndenigned to Lender.
TO HAVE ADD TO HOLD the said prnpem unto Lender. its ;ucces.or. and .a iyns. in fee simple !Dreyer.
This mortgage is antcuted pursuant to Section ti9. i?t Florida Statutr~, d amended. to secure agricultural kaar~s and !cans of arse other character
This mortgage shall also sccttrc all disburxmrnu that rosy be made by Lender for ta><es. leases, or insurance on the property herein desmbed. wuh interest
Iliere'Ori The lien of this mortgage ;hall not be terminated or otherwise al&cted dunng a penad of twenty ytan from the date hereof by repayment m full. one
or more times, of all indebtedness then outsanding unless this mortgage shall he formally rckased or discharged of record: Pra•tdcd, Jioitri~tr, that if at am•
rime dunng twenty yeah from the date of thtc mortgage there be no indebtedness outstanding of Borrower to Lender, and no obligation of Lender to mane any
F.:rther advances to Borrower. Lender will. upon written requr<t yf L ndersiitned, execute and deliver to l'ndcrsigned a satisfaction of thas mortgage. The a><isunq
indebtedness and ail advances that mac be made hereunder arc, and will he. rvidericed by notes, all of which are hereby expressly made a part of this n•.ortgage-
.ln the event Lender becomes a party to any !e¢al proceeding ~escludinif an action to foreclose thi.. mortgage or to collect the debt hereby ;ecuted~.
inmlving this awrtgage or the premises described herein • including but na limited to the title to the lands described hercin~. Lender may also recover of
l~nder4igned and or Borrower all costs and er<penses reawnably incurred by Lender. including a reasonable attorneys fee, which costa. a:penses and
attorneys fee when paid by Lender shall become a part of the debt secured hereby and +hall he immediately payable upon demarul, and shall draw interest from
the date oC edvanrc b}• Linder until paid at the highest rate provided in easy note or other instrument secured hereby
The provisions, terms, covenanus, conditions, obliK.itwns. powers and other rnnten~; ;et forth in Section B. except paregraph T1. and Section i' in that
I
f Rlar.k ur >1a;ter Form of ~tor!¢sRe ~0 1 of FARMERS Production l'redit .~cociatcon.
I€ Indian River 362
recnr~'e.i m the ?~eg~f the Clerk .>i the !lrcuit l'.wrt'nf _~__~ZE County. Honda. m ~1ort~taite Book I,~
RtK~ G 4U ,are hereby inrnrporated by rrferencr .ind mrde a part of !his instrument a. if <et forth hen:n in a:ten+o ~Ftecript of .t cop>' of
i ;:aid ~ta~trr Fn: rn i+ hereby ackrwwledged by l'ndenigne.i
E\ECITEU. SEALED AXD DELIVERED. thu 21St clay .,f Apri 1 ly 80
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Fi TCRE
:~DVAtiCES ~tAY BE JIADE AS PROVIDED .FOR HERE
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Slimed. Sea [kii in the t
ney n ,
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Donna Sue Banack
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= ACI{~10WLEDG1~iENT FOR Ii~TDIVIDUALS
FLORIDA. ~~/?1 _ L `County.
3 1 HEREBY CERTIFY. that on thu date. before me. the undersigned ofTicer. appeared tl(~nPTM $rlnrlrk, ¦~r_ and ii
Donna Sue Banack, his wife • persona„v known w me A be the indindwhsi described in and who executed the fo-eitrnnq f
instrueue dnd ackhowkdged that they a:ecuted the iame_trtely vnluntanly for the puipoaes therein e><presed
~ t~
s;V~~d~i~rjtand .rnd official .eat, this day i•f G 19
~
• i; Notary Public, Slate of I~rida ai large
,i ' LY~-a !!y CflmmISi1C1? Ex i;e~ s AuO. 18,1301
i - BoeOcta Tprv Gtoasl last Uc>dlf~ffl0ti
• Jr.i r+ ~Il' t'O~i~il~~ll)\ EXPIftE~
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