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~boK 28 X643
sT, t uciE ee~~Ntr. F~~.
subject too all reeor8ed road and canal easements on the
south '60 feet of the subject real estatrst a ~. x.th~lton
certain oil, gas and aineral lease given by
and ]lnnie d. C#rltaaa. hi^ wife, to Texaco, Znc. , dated
Uo~veaibsr S, 1959 and recorded in Deed cook Z61, Page 311,
Public fleoords of Bt. Lucie Oounty, Florida.
The mortgagor hereby covenants and agrees to ditch, dike,.
drain, cle~uc and plant t ~ci~ fruiter thesacxept g~
and husbaadlike sm~er, p~9
vractic~a of planting citrus groves i,n Bt. .Lucie County'
Florida, aunt leas than forty (40) acres of lands covered
~iy thss mortgage, during eaatk of the first two (2) Years
froma the date hereof, 'the first forty (40) acres to be
planted not later than Beptembsr Z8. 196Z. Oa the third
year from date hereof, ac>rtgagor shall not be required
to plant citrus on said lands pPpYID~D, HONaVEA• during
the fourth and fifth years Eton date hereof, nprtgagor
shall be required to plant not less than forty (40)
acres of land covered by this mortgage to citrus grove.
~ ~pinq with the accepted practices of planting
citrus groves in Bt. Lucie County, Florida. 1~brtgagor
further covenants and agrees to properly drain, irri-
gate, cultivate and otherwise maintain s~aidh~t~i~ees
after the planting thereof, ~ a god radices of
mapaer and in l~eepiaq with the accepted p
citrus husbandry in St. Lucie Oounty. Florida, until
such tine as this awrtgage is fully paid and dis-
charged or releases are obtained as set forth below.
After January 1, 1963, the mortgagee agrees to execute
and to deliver to mortgagor, upon request. good and
sufficient recordable releases from the lienOOfathes
mortgage in units of not less than twenty ( )
each, as follows: (a) For release of nial.tl ~rtions
(20) acre units, or multiples thereof, .
of said mortgaged premises not planted to grove, re-
leases can be secured by payments on principal on
account of acid mortgage equal to Four Suadred Fifty
_(¢450.00) Dollars an acre for the land being so re-
leasedi ~ (b) For release of said twenty (24) acre
units, or multiples thereof, on all portions of said
mortgaged Premises planted to grove, releases can be
secutred by payments on principal on account of said
mortgage equal to Bix 8undred ($600.00) Dollars an
acre for the land being ao rela.ased~ P'xOVIDED. ~NB`18R•
ig more than one (1) twenty (10) acre unit, or multiples
thereof is released, said land release~subideY ~d to
the first release shall be contiguo
previously released.
The parties hereto understand sad it ai th~rebYeas eed
that the sums above mentioned to be p
said unite shall be ereditsd to the next due payzaent
of. principal provided by the note of even date secured
by this mortgage and wade a part hereof.
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