HomeMy WebLinkAbout1145 be~ong to Mortgagee and sha11 be paid over forthwith upon receipt
,~hereof tio the Mortgagee, in ~ind, in reduation of the obl~gationa
~thi~ Mortgage, and aredited by.Mortgagee to such of said obligatiana
~ ae Mortgagee electe to credit same.
27. To the extent of the indebtedness of the Mortgagor to the
Mortgagee de$~ribed herein or secured hereby, the Mortgagee is hereby
aubrogated to the lien or liens ansi to the right~ of the ownera and .
holders thereof of each and every mortgage, lien or other incumbrance
of the property de~cribed herein which is paid and/or satisfied, in whole
or in part, out of the proceeds of ~i loan described herein or secured
hereby, and the respective liena of said mortgages, liens or other in-
' eumbrances, ~ha11 be and the same and each of them hereby is preserved
~ and shall pass to and be held by the Mortgagee herein as security for the
indebtiedness tz~ the Mortgagee herein described or hereby secured, to
~ the same extent that it would have been preserved and would have been
passed~to and been held by ~he Mortgagee had it been duly and regularly
sesigned, transferred, set over, and delivered unto the Mortgagee by
, separate deed of asaigrunent, notwithstanding the fact that the same may
be satisfied and cancelled of record, it being the intention of the
a ps?rtiea hereto ~hat the same will be satisfied and cancelled of record by
the holders thereo£ at or about the time of the recording of this mortgage.
IN WITNESS WHEREOF, the said party of the first part has caused
, these presenta to be signed in its nsme, by its Vice President, and
r its corgorate seal to be affixed, attested by its Asst Secretary the
day and year above written.
Signed, Sealed and Aelivered SARGEANT CITRUS PRODUCTS, I~*,
by. - •'•'`eco ~ ~~~;T,
in the presenae of : ~
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Signed, Sealed and Delivered GREATAN~3ICA GI~OVE.S~ ~18~.
in the presence ofs
~ by; SEAL)
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~ ATTE :
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STA'I'E OF FLORIDA ) ~ ~ r °
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SS • . ~ ~
' COUNTY OF DADE ~ • ,
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; I, an off3.cer authorized ~o tiake aclrnowledgmen~s of deeds
~ according to tihe laws of the State of ~'lorida, duly qualified and
~ acting, HERF.BY CERTIFY that J. Stanley Sargeant and Frank DeMayo
3 respectively as V3ce President and Ass~ Secretary, of
~ SARGEANT CITRUS PRODUCTS, INC., to me personally l~own, this day
acknowledged be£ore me that they execu~ed the foregoirig Mortgage
on Crops and Personal Property as such officers of said corporation,
and thati they affixed thereto the official of said corpora~ion; and
I FURTHER CERTIFY that I know the said persons making sa~.d acknowl.-
~ edgmentg tio be the individuals described in and who executed the
~aid mortgage~
~
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~ooK 12~ 5~6