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HomeMy WebLinkAbout1140 - - _ ~ ~ ~ , ~ • ~ ~ '',j~. , i MORTCA(}E ON CROPS AND PERSONAL PROPER~'Y 1 ~ ~ ~ THIS MORxCiAaE DE~SD dated the l~t day of October, 1965, by SARQEANT CITRUS PR~DUGT3, INC. snd C}REATAMERICA (~ROVES, INC., cor~~ orationa existing under the lawa of the State oP Flori.da, and havir~ their principal place oP bueinesa at Lakeland and Bradenton, ~ Florida respeatively, ,~ointly and ~everally whenever and wherever the context so requires or admita, party of the first part, herein- after called the "Mortgagor", to JAA4ES TALCOTT INC., party oP the $econd part, hereinafter called the "Mortgageer'. "Mortgagor" shall ~ inalude the singular and/or plural. W I T N E S S E T H: For good and valuable consideratiion, receipt of which is hereby acknowledged by Mor~gagor, Mortgagor doe~ hereby grant, bargain, sell, and convey unto the Mortgagee all crops, fruits and other products planted, growing and to be planted, grown and rai~~d during the cur- ~ rent and the succeeding crop seasons for the next ten (10) years and thereafter until a11 ~he obligations of this Mortgage are paid in full, upon the lands de$cribed in the schedul.e annexed hereto and tnade part hereof, which 3anda are aituate in DeSoto, Lee, St. Lucie, Hardee, Njanatee and Broward Countiee, Florida. Together with the right, title and interest of Mnrti~agor in and to all of the pereonal property, equipment, piping, irrigation squip- ment and machinery contained thereon and/or hereafter brought upon the aforementioned propertieg; and all the rents, profits and incame of al1 of the propertlea encumbered hereby. I TO HAVE AND TO HOLD unto the said Mortgagee and its successors ~ and assigns. And the Mortgagor for itiselF, and its successors and ! legal representatives and as~igns does covenant with the said Mort- , gag~e, it$ successors, legal representatives snd assigns, that the ; Mortgagor is indefeasibly seized of a11 of tk~e cropa and other prop- erty encumbered hereby, that the Mortgagor has full power and lawful right to convey the same as is being done herein; that it shall be ~ lawful for the Mortgagee, its succeasors, 1ega1 representatives and - assigns at all times to peaceably and quietly enter upon, ho1d, occupy and en~oy tihe property encumbered hereby; that the property encumbered hereby is free of all liens and encumbrances and the Mortgagor is the owner thereof; that the Mortgagor does hereby warrant title to the property encumbered hereby and will defend tihe same against the lawful claima of a11 per$ons whomaoever. ~ AND the said Mortgagor, for itself arid its successors, legal representatives and aasigns, hereby covenants and agrees: 1. To pay all and singular the obligation$ payable by virtue of ~his deed promptly on the days reapectively the sam~ severally become ~ due. 2. To pay all and s3ngular the taxes, assessm~n~s, levies, lia- bilities, obligations, and incumbrances of every nature on said described property, each and every, and ~f the sam~ be not promptly gaid the said Mortgagee, its succes$ors, 1ega1 representat~.ves or ~ssigns may at any time pay the sam~ without waiving or affecting the optiion to foreclose or any right hereunder, and every paym~nt so made a2za11 bear interest ~ Prom the date thereog at the rate of 1/27th of one per cent per day. 3. To pay all and si~gular ~he costs, charges an~ expenses, in- clud~ng lawy~er~~ fees, reasonably lncurred or psid at at~y ~ime by said - 1 - Documentary stamps on original Notes , ~ aonK 1~8 5~~.