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HomeMy WebLinkAbout2041~ °' ? ~' 0 6r,aiC l' / Recei~?d S _~~ _ st paym~nt of t3Yes dtt~ ~ on C'a's 'C' I angitae Personal Fr~~:ert;r ;• ;r;~~a;,; to _M ~t~ p. I. C. Lo,x Hurt+sa Chapter 10IZi, Ls~~s of F;cr`~a, Arts o~ !? i ~' 6 ~ l ,~ • Tax l1e~ctor Lucie Co ~1~ , Floiida F101'1C1~ ~Ol"~ ~E', THIS INDENTUSE, made this 13th day of September SLSECKER STRBST GA(7V~,INC., a Florida corporation, 5~, P'f~t~~~~ A. D. 19 62 , by and between of the County of St. Lucie ', in the State of Florida, Mortgagor, and hereinafter so deeiguated, and THFs PF~T~tTIAL INSURANCE COMPANY OF AMERICA a corporation of the State of New Jersey having its principal o[iioe in the City of ~ Newark 3tat4 ~ New Jersey ,Mortgagee. and hereinafter so designated: Whereas Mortgagor is ~ .etly indebted to Mortgag•~e in the principal sum of FDF~~f7i: -FIVE THOUSAND AND NO/100 - - - - - - - - - - - - ~ $Zt5 ~ 000.00 ~ - - - - -- Dollars, sa evidenced by a oertsin promissory note of even dace herewith, the final payment of ~ghioh is due on September 13 I9 $2 , ezecuted by Mortgagor _ and delivered to Mortgagee, asid note being drawn on the customary form o[ Mortgagee, same being Form No. Com ~. 63~ Ed.10-55(SC) ,and by reference being made a part hereof to the same extent as though set out n tYtl herein. NOIP THIS IND$NTUTtE WITNESSETH, that Mortgagor, to better secure the payment oI the principal sum set out in said promissory note, and interest thereon, and in consideration thereof, and for other valuable considerations, hss granted, bargained and sold and by these presents dose grant, bargain and sell to Mortgagee and to its successors and easigna forever, all that oertadn parcel or piece of lend lying aQd being in the County of St. LLlcie and f3tate of Florida, more particuhtirly described as All of the SE,-1/4 of the N~ 1/1r of Section 2~ Township 35 South, Range 39 Bast, EXCEPTING THSABFI~i that certain parcel of land described as follows, to-wit: Fbr a point of beginning, begin at the Northwest corne^ of the SE-1/4 of the NB-1/!t of said Section 2, Township 35 South, Range 39 East, thence South 56 feet, thence Southeasterly 1327 feet, more or less, to a point bit feet South of the Northeast corner of the SE-1/Lt of the NS-1/~, thence North 6!r feet, thence Weat to the. Point ~. :' of Beginning. Also accepting therefrom easements for drainage canals and public roads. Including, as a part of the realty, all permanently installed irrigation systems and equipment, including all pumps, motors, engine, pump houses, tanks, pipes and mains, pipelines, together with all equipment necessary for the use and operation thereof, now or hereafter placed on the premises, and arty replacements or renewals thereof. 21. Paragraph (a) (1) of the "Together with" clause hereof is hereby modified to the extent that the mortgagor does herebyr mortgage, transfer, set over, assign and pledge unto the mortgagee all citrus crops nox and hereafter growing on said premises, here- by giving and granting unto the mortgagee a first and prior lien thereon, provided, However, that such lien shall be and is hereby expressly made subject and subordinate to arty crop mortgsg,e securing a loan made by a recognized Production Credit Associa- tion covering any citrus crop which comes into existence by bloom prior to foreclosure sale under this mortgage. Ally such crop mortgage shall not, however, be a J.ien.prior to t=~is mortgage or. at~y citrus crop coming into being by bloom subsequent to said foreclosure sale. 22. And the said l".ortgagor further covenants and. agrees for so long as all, or ar>,y part of the indebtedness secured hereby remains unpaid to preserve, maintain and care for the citrus groves upon the above described premises, such ca3~e end maintenance to include cultivating, spraying, dusting, pruning, fertilizing, watering, protection against dw,tage by frost and fire, marketing of crops and replanting of trees when needed, all to be done in a husband-like manner and in accordance ,,iith approved methods of `rove culture, and agree not to top-work said groves without the written consent of the holder of this mortgage, provided further that upon the failure of the mortgagor to fully comply with any or all provisions of the above covenants, the holder of tr,e indebtedness secured hereby, in aae~tiit ~-`•o all its other rights and remedies for breach of covenants in this mortgage contained, and in addition to its tight, hereb3~ expressly given, to declare a default upon the breach of any such cwenAnt, may, at its opti:or., take such action as it deems necessary to preserve, maintai.~1 and care for the pre rises, and said holder of such indebtedness is hereby given full rights of in- gress and egress to the premises securing this loan in order to preserve, maintain and care for such premises for so long as all er arm part of the indebtedness scoured hereby is unpaid, and arty reasonable expense incurred by it in so doing shall become part of the indebtedness secured, hereby, and shall become immediately due and payable and shall bear interest at th© rate providwd herein for matured cbliSations, however, ~~