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ROG~R °C.~~i.~ _ ~i: c:i„ ~.t ~rt
P. Lu.~v Nu~d~K as Agemt tor C:l; 1i; JA'.1~5
St. I.uci~ nty Tax C. tor i .
. 415 - _ _ _ . ` ~,..~1 l .
Br Ol"1dA MO~~
T~IS INDENTURE, made ihi~c 184,~1 day of c)ctober A. D. 1~J~5 , by and betwoon
/ SO~I-BOB, I`1C., A Florida Cor~~ra~ion
uf the Cuunty of ~I' 8ri~;6 , iii the State uf I~'lorida, hlurt~qa,~;or, and hereinaf ter so de~ignated, and
m;l~ pR?(j~~'~j''?'T(~T~ I*15t1RA~1C~ C0~{PA"7Y OF A?~F'.RICA
a aurporation uf the 3iate of i~AW Jers ey having it,g principal oftioe in the C:Ly ot Newark ,
State u[ T:8'W Jersey , l~iprt~c~e, and hareinafter so dE+sigriateci:
R'hereae Mortgagur is justiy indebted to M~~rtgagee in the priacipa! sum o[
Two Hundrod Seventy-Five Thousand and No/100........... •voit~,
as evidenoed by a certain pruinissory note ot even data harewith, the final payment of which is due on Se~tember
19 8b, eaecui«i by Mortga~r
and delivered Go ~1ort{;ar;ee, said note heing drawn un the custoirarr~ form of D[urt~age.e, satr.e being Form rio. Comb.
(~30~ Ed.l~-5~ ( SC,~and by reference being macie a part. hereof tu the samo extent as though set out in
full herein.
tiOW T~€I5 INDE'.vTUBE WITNL53ETH. that riortgagor, to better secure the payu~ent of the principal sum set out
in aaid promi:sory note, and int~rest thoreon, and in consideratiun thereof, aiid for other valuable cunsiderations, has grant~,
bsrgaincd and sold and 'oy thc~se pre~ents d~ grant, ba.r~;sin and sell t~~ Mortgagee and tu its successors end as~igns forever,
al that certain parcel or piece of land lying and being in the County of S t. Luc i e and Stste of Florida,
more partieularly descrit~ed as
T~e SE~ of the 5{r!-?~ a:~d the SW4 of the SE4 and the Ez of the SE~ of
Seetian l~, Township 3~ South, Range 3~ East, St. Lucie Count~~
Flnrida, less rights of wa~ for can~1s and roads.
Including, as a x~art of the realty, a?1 permanently installed irrigation
s~st~ms and eqtzipment, including all pumps, motors, engines, pu~rnn houses,
wind machines, ta:zks, pipes and mains, pipelines, together with all
eq~aip~nent necessary for the use and operatior. thereof, now or hereafter
piaced on the premises, and any replacements ar renewals thereof.
21. Paragraph (a) (1) of the "Together with" clause hereof is hereby r.iodified
to the extent that the t~ortga~or does heroby mort~a~e, transfer, set over,
assign and nledgg unto the Mortgagea $11 citru~ crops now and hereaftEr
growing on said nremises, hereby giving and ~ranting unto ths Mort~agee a
first and ~rior lien theroon; provided, however, that such lien shall be
an~3 is hereb~ ~xpressly mado sub~ect and subordinate to any crop mortga~e
sec~aring a loan made by a recognized Production Credit Association covering
any citrus crop which comgs into existence by bloom prior to foraclosura
sale under this mortgage. Anv sucri crop mortgage shall not, hawover, be
a lien nrior to this Mortgage on any citrus crop coming into being by
blao:n subsequent to said fcreclosure sale.
22. A.~.d the said ?~'~ortgagc~r £urther covenants arid aarees for so long as a11,
ar• any part of the indebtedness secured hareb~ remains unnaid to preserve,
maintain and care for the citrus groves upon the abovs desc^zbed premises,
such care ~nd maintena~ce to in~lv.~e cultivati.ng, spraying, dusting,
~runing, fer~ilizin~, watering~ protection against dama~e by frost ~nd
~ire, marketing of crops anii replanting of tress whyn needed, alI to be
done in a husban~-like maa~ner and in accordance with an~roved m~tho~s of
grove out~are, a~~d agr6e not to top-wark said graves without the written
c~nsent of the holder of this t~;nrtgage, provided further that upan the
failura o.f the ~iortgagor to fu11y comply with any or all provisions of
the above covenar.ts, ~he holder of the indebtedness secured hereb~, in
addit;on t;o all its other rights and remedies for breach of covenants
in ~c~i~ "~Tortga~e contained, and in addition to ~ts right, hereb~ express-~
1;~ given, to declare a default upon the breach af any st~ch cavenant, may,
at its option, take su~h actions as it de~ms nece3sary to tireserve,
~naintain and care far the premises, and said holder of ~uch indebtedr.ess
is horeby given full ri~hts of in~ress and egress to the premises
securing this loan in ordor to preserve, mairtain an.d c~re for such
tiremises for so long as ai .l or any ~?art of the ir,deb~ec3ness secured
hereb, i.s unr>aid, an~ any reasonable •_:xnense incurred by it in so doin~;
shall becoma ~art of ~he indebtedness secured, hereb~, and shall become
(con~irl~~e~3 0:~ reverse riereof)
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