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MOI1OAGI OIID
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20 PACE619
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JhlSC'ElIorlgagt .Jttd
Executed ,h.
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clay 0/
October
A. D. 19 61 by
A. M. L. Elfi't.itU"HISES, mc.,
4 COl"poraUon uuUng .",dB ,he law. of Nev York
bwin... a'
hereina/'. call.d ,he mortgagor, to
REED L. BACON and BEmIE W. EAOOB, his wife
. orwl having U. princtpol ploc. 0/
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who,e JXM'olllce oJdre.. u
h.relno/'. called ,Iu, morlgag..:
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(WI:ernw.... ...... 1M _ ..-IlJac..... ..... ~_" i...... aD 1M ,.".. to dliI ~t ..... 1M ~
..... ~.tiwo aacI ...... of i..!i.i..L .. ..... doe ___ .... ..... of carpontiono; ..... 1M _ "_'
i...... .. doe _ Iwni. d80aibed if __ .... _,)
1ttibussdh, ,ha' lor good and vulu.oble cO"'tderoUo"" and al.o In co",lderoUon 0/ ,h. aggre-
ga'e ,um I'ICIInMl In the promit.0'7 note 0/ elml date herewula. hereinaf'er de,crilHtd. ,h. mortgagor here-
by gronlt. bargcU"" .eu.. alt.n.. remit... con"1' and con/Imu unlo ,h. mortgagee all ,h. certain land
0/ which ,h. mortgagor it nOlD.e<<ud and In po.....lon ,HUG'e In St. Lucie Coun')'.
Florida, vb;:
The Southwest Quarter (swk) of the Northwest Quarter
(NWt) of Section 1, Township 35 South, Range 38 East,
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excepting therefrom all existing rights-of-way for
public roads and drainage ditches.
.-- ~
, Received S / '../ Lf fA payment of taxes due
on Class 'C' Intanlible Personal Property ursulnllo
~I 72~ laws 01 F1or~ ~ ~1)~ i94 . .
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Reasonable Care Provision ror Grv ~ ax Collector, SL Lucie ,florida _~.
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Also all. of the crops of citrus frul t now growing on d land and
all of the crops or citrus fruit hereafter to be grown on said land
until this mortgage shall have been fully paid.
The citrus grove now located on the said land above described and
the crops of ci t,rus froi t now growing and hereafter to be grown
thereon are the chief factors in the value of the mortgaged property,
and the mortgaJors covenant and agree, among other covenants:
(a) To cultivate, fertilize, prune, spray, and otherwise keep, care
for, improve, and maintain the citrus grove now located on the above
described land in a good state of cultivation and fertilization,
according to the best standards prevailing in the vicinity of the land
at the time; ,
(b) That in ~ase of any default by the Mortgagors as to either or
any of the covenants herein made and entered into, and a suit in
equity is instituted by the Mortgagees to en1'orce their rights, the
mortgagees shall be entitled to apply to the court having jurisdiction
or such suit for the appointment of a receiver of all and singular the
said property and the rents, issues, and profits therefrom. Such
receiver shall have the usual powers and duties, including the power
to care for and cultivate said grove and to market any and all crops
thereon and to collect any and all. revenues den ved therefrom, same to
be applied by such receiver as required by law and under the direction
or said Court.
(c) The Mortgagees may not claim a default for the failure to comply
with the covenants and agreements contained in paragraph (a) above until
thirty (30) days afier said defaul.t shall have been brought to the
attention of the mortgagor by ,the mortgagees.
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