HomeMy WebLinkAbout0399 ~ FA-1 Florida Mortgage (June, 1978) (Individual and Corporation)
THE FEDERAL LAND BANK OF COLUMBIA
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MORTGAGE LOAN NO. F ss-1-1203199-1
~ THIS INDENTURE, made this 27th day of October ,19 80 , by and
1 betwcen Nuevo Grove, Inc., a Florida Corporation having its principal place of
business in Indian River County, Florida
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( hereinafter
called first party, 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,
~I hereinafter called second party, R?ITNESSETH, that,
f VNIIEREAS, ftrst party is indebted to second party in the principal sum of _ _Two Mil 1 ion Three
Hundred Ninety Thousand and no/100- `'-~----Dollars 2, 390,000.00--), as evidenced by a certain
promissory note, of even date herewith, payable to the order of second party in TMenty (20)
successive annual installments of principal, the first installment of principal being
~i) due and payable on the 1st day of August , 1982 ,with
i 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 refyirence
thereto, which note is made a part of this mortgage to the same extent as if it were set out in extenso
herein.
This mortgage secures (1) the promissory note above «cited; (2) all future advances as hereinafter provided for, that I
subsequently may be made to fast poly (or to any one or more of the polies designated herein u first poly with the f
vmtten consent of the remam~er of said puUes) by second poly; (3) all other indebudneas of first poly, (or one or more of
them), to second party now due or to become due under the terms of this inswment, the above recited note, any future
advance note, or other evidence of indebtedness secured hereby and all renewals, reamortiutions,ex~ensions, deferments or
~i other rearrangements of any indebtedneu secured hereby, together with interest thereon u provided for.
~I NOW, KNOW ALL MEN, that first poly, in consideration of the debt u evidenced by above described note, and for
~ better securing the payment thereof to second poly, according to the _terrrtt of said note, and the performanx of the
conditions and covenants herein contained and to secure any other indebtedness of lust party to second puty as
contemplated under the terms hereof and also in consideration of the sum of Qne Dollar to fiat party in hand paid by second
party, receipt whereof is hereby acknowledged, hu granted, bargained, sold and «leased, in fee simple, and by these presents
does grant, bugain, sell and release, in fee simple. unto second party, iu successor and assigns, the following described lands,
including but not limited to, all trees, timber, shrubbery, factures and improvements now and he«after thereon:
' SEE SCHEDULE "A" ATTACHED HERETO AND MADE A PART HEREOF. This instrument is prepared
II in duplicate and is recorded in Indian River County and St. Lucie County and each is
deemed an original.
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TlII$ Ci:;TF.;iti;~'iT ?R ! i.R:D BYc
Alex_ande_r Kromhout
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~ i In PeYmem Of Taxes
7r. Class "C" Intarq~ Petsonpl Pr~• ~tJ
o ~ scant To ChaOAtM 71,13d„ Acts rvi 1si'71~ E'li'
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C:erk Ckwlt Cotaft. Bf. t+tltli~ ~ ~
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