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FA-1 FlorWa Murtgage (June, 1978) (Indi~•idwl and Corporation)
THE FEOERAL LAND BANK OF COLUMBIA 5~1~~~
/
MORTGAGE LOAN NO. F 38-1-1203306-1
TH1S 1NDENTURE, made this 23rd day of February , 19 81 , by and
betweea Stalls Fruit Co., Inc., a Florida Corporation having its principal place of
business in Ft. Pierce, Florida
hereinaf ter
caUed f'vst party, whether one or more, and The Federal Land Bank of Columbia, of Columbia, S. C., a
corporation organized, charte~ed a~d existing pursuant to the laws of the United States of America,
herei~after called second pazty, WITNESSETH, that,
WIiEREAS, first party is indebied to second party in the principal sum of --Eighty-Five Thousand
and no/100-------------------------------Dollars (E 85,000.00-----). as evidenced by~ a certain
promissory note, of even date herewith, payable to the order of second party in Fifteen (15)
successive annua 1 instaliments of principal, the first installment of principal bein~
due and payable on the 1 s t day of March
, 1983 , with
interest from date of said note payable as and at tl~e rate(s) provided in said note, ali of which and such
other terms, conditions, and agreements as 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 mortgage ucures (1) the promissory note above recited; (2) all future advances as hereinafter provided for, that
subsequently may be made to fust party (or to 'any one or mare of the parties designated herein as fu;t party with the
written content of the remainder of said parties) by aecond party; (3) all other indebtedneu o[ first puty. (ot one or more of
them), to :econd party now due or to become due under the ternu o( this instrument, the abave recited note, any futuce
advance note. or other evidence of indebtedness secured hereby and all renewals, reamortizations, extensiona, deferments ot
other reanangementa of any indebtedness secured hereby, together with interest thereon u provided for.
NOW, KNOW ALL MEN, that first party~ in consideration of the dcbt as evidenced by above de:cribed note, and for
better securing the payment thereof to second puty, according to the terms of said note, and the performana of the
conditions md covenants herein contained and to sccure any other indebtedness of fust party to second party u
contemplated under the terms heceof and also in consideration of the wm of One Dollar to first puty in hand paid by second
puty, receipt whereof is hereby acknowledged. hu granted, bug~ined. sold and relcased, in tee simple, and by these presents
does grant. bugain, sell and release. in fee simple. unto second party~ it: successors and usigns, the following described lands.
including but not limited to. all trees. timber~ shrubbery. Puctures and improv~ements now u~d hereafter thereon:
Northeast ', of the t~orthwest o of Section 12, Township 35 South, Range 38 East,
excepEing therefrom all rights-of-way for public roads and drainage canals. All
lands lying and being in St. Lucie County, Florida, and containing 37.p5 acres more
or less. .
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