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FA-1 Florida Mortpae (June, 1978) pndividwl and Corporation)
THE FEDERAL LAND BANK OF COLUMBIA
MORTGAGE LOAN NO. F 88-1-1203124-1 4~.SEi53
TH1S INDENTURE, made this 1st day of August ,19 80 , by and
between Philip C. Gates and Charles B. Gates, Jr. as Trustees of C. Bernard Gates Trus
Philip C. Gates, Individually of St. Lucie County, Florida and Charles B. Gates, Jr.,
Individually of Kanawha County, Nest Virginia.
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~ hereinaftu
called first patty, whether one or more, and The Federal Land 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 second party, WITNESSETH, that,
WHEREAS, first party is indebted to second party in the principal sum of One Hundred Seventy-
' One Thousand Five Hundred and no/100----Dollars (=171,500.00---- as evidenced by a certain
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promissory note, of even date herewith, payable to the order of second party in Twenty (20)
successive annual installments of principal, the first installment of principal being
~I 19 82, with
due and payable on the 1st day of January
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 said note will more fully appear by reference
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thereto, which note is made a put of this mortgage to the same extent as if it were set out in extenso
II herein.
~ This mortgage secures (1) the promissory note above recited; (2) all futon advances as hereinafter provided for, that
subsequently may be made to first party (or to say one or more of the polies designated herein as first party with the
writtea consent of the rernairt~cr of said parties) by second party; (3) all other indebtedness of fast party, (or one or more of
them), to second party now due or to become due under the terms of this instrument, the above nctited note, any futon
advance note, or other evidence of indebtedness secured hereby and all renewals, reamortizations, extensio~u, deferments or
~ other rearrangements of say indebtedness secured hereby, together with interest thereon as provided fa.
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NOW, KNOW ALL MEN, that fast party, in consideration of the debt as evidenced by above described note, and for
better securing the payment thereof to second poly, according to the terms of said note, and the performance of the
conditions and covenants herein contained and to secure any other indebtedness of fast party to second party a:
contemplated under the team hereof and also in consideration of the sum of One Dollu to fast party is hand paid by second
~ ~I party, receipt whereof is hereby acknowledged, has granted, bargained, wld and released, in fce simple, and by these presents
does great, bugain, sell and release, in fee simple, unto second party, its succxssors and auigns, the following described land:,
including but not limited to, all tress, timber, shrubbery, fixtures sad improvements now and hereafter thereon:
The Northeast One Quarter (NE's) of the Southwest One Quarter (SW's) and the Southeast
a One Quarter (SE;) of the Northwest One Quarter (NW;), Section 25, Township 34 South
Range 39 East, LESS the East 80 feet thereof for canal right-of-way, lying and being
~ ~I in St. Lucie County, Florida. -____~D
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' ~ That certain easement recorded in Official Records
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4 it T""~ ~'~~:~°'~'4tlT PREPARED @~: BOOk3,~6, Page//(,~ Public Records of St. Lucie
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Alexander Kromhout County, Florida.
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~_~..a- ,,;.3a 33602
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~ ~ gecn?ved • In Payment Of Ttu~
~ i OuP On Cless "C" Intanpibls PsxsaW °raP'wh~
e P„~suant To ChaP'tat 7l. 134. /t,Ct! Os 1471.
ROt3ER POITR/1S 1`~
tw?s CtrcuA CouA. $t. LuCN, W.. FIr.
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