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~ RECEtYED : ~-f.:~---~ iN PAY!11~ftT Ur' "~Fl~
' C` pilEpN CLASS'C' ~NT~NGIHLE PERSONA~ ~AJr~TY.
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orida M~
THIBINDF~NTUSE, made thi~ 1$t,h day of October a. v. is65 , by and betireen
~ SON-BOB, TNC., A Flarida Gorporation
~
of the CounLy ot OT 8I'1g9 , in the State of b`lorids, Mortg~gor, t?nd hereinatter eo designated, wd
THE PRUDE2~I'I'2AL INSURANCE COMPANY OF AMERICA
a oorpora~iQn ot the 3tate o[ N9W ~9 T3 8~ hsving ita prinoipal otHoe in the City of Ne~ark ~
Ststs ot I18 W~ 9I' 9 6~ , Mortgagee, attd hereinatter so designated : ~
Wherc~ae Mortg~agar ie juat~p indebted to Mortgagee in the prinaipat sum of
Two Hundred Seventy-Five Thous and and ~do/100.. , . . . , . . . . . . . . . ~o~,
ae evidenoed by a oeete?in pmmiasory note ot even date here~vith, Lho flnal paymeat ot whieh ia due on Sep~ember ~
86, ezeoutsd bq Mortgagor
e?nd delivered to Mort,ga~ee, ~id note being drawn oa the austomary form of Mortgxgee, same being Form No. Comb.
1~3~~ Ed.10-55 ( SG'asnd by referenve bE+ing msde a part hereof to the ean?e extent ~?s Lhough eeL out in
tull herein.
NOW THIB IND~NTUSE WITN~59ETH, that Mortg~or, to better seaure the psyment of the principal sum aet out
in seid promiseory note, snd interest thereon, snd in oonaideration thereof, and tor other vsluBble oonQiderstiona, has granted,
bargained aad eold and by theee preeents dvee grant, barg~?in and eell to Mortgegee snd to ita suooeesorss and sseigns forever,
all tlwt oertain psroel or pieoe of lrnd lying and baing in the Caunty of S t. Luc i e and State of ly lorid~,
~tore pattieulsrly deeoribed ae
The SE~ of the 3W~ and the 51~ of the SE~ and the E~ of the SE~ of
Section 15, Township 35 South, Range 38 Eas~, S~. Lucie Coun~y,
Florida, less rights of way for canals and raads.
Including, as a part of ths realty, all parmanantl~ installed irrigation
systems and squipment, including ~.11 pumps, motors, engines, pump houses,
wind machines, tanks, pines and mains, pipalines, together wi~h al1
equipment necessary for the use and ope~ ation thereof, now or hereaf~er
placed on the premises, and any replacements or renewals thereo£.
21. Paragraph (aj (I) of the "Together with" clause herea.f is hereby tnadified
to tha eatent that the Mortgagor daes hereb~ mortgage, transfer, set over,
assign and pledge unto the Mortgagee all citrus crops now a.nd hereafter
growing on said premises, hereby giving and granting unto the Mortgagee a
first and prior lien thereon, provided, however, ~hat such lien shall be
and is hereb~ expressly made sub3ec~ and subor~inate to any crop mortgage
~ecuring a loan made by e. recognized Production Credit Association covering
any ci~rus crop which comes into existence by bloam prior to foreclosure
sale under this mortgage. Any such crop mortgage shalZ not, however, be
a lien prior to this Mortgage on any citrus crop com~.ng into Yaeing by
blov~m subsequent to said forec].osure sal.e.
22. And the said Mortgagor further covenants and ~greas for so long as all,
or ang part nf the indebt~dness secured hereby remains unpaid to pre~erve,
maintain and care for the citrus groves upon the above described premises,
such care and maintenance to include cultivating, spraying, dusting,
pruning, fertiliz~.ng, watering, protectian a~ains~ damage ~i frost _
f
ire, marketing of cropg ancl replanting of trees xhen nas~'e~, ~ a1Z* to be
done in a husband-like manner and in accardance with approved metho~s of
grove aul.ture, and agroe nat to top-~ork said groves without the ~writ~en
consent of the hoider oi this Mortgage, provided ~urther that upon the
fai7.ure of the Max~tgagor to fullg comply with any or ~11 provi.~ion~ of
the above covenants, the holder of the indebtedness aecured hereby, 1n
addition ~o all its other rights and remedies for breach of
covenants
in this Mortgage conte~ined, and in addition to its right, hereby express-
ly given, to declare a default upon the breech oY any such covenant, ma~,
at 3ts option, take such actions as it deems necessary to preserve,
~nain~ain and care for the premises, and said halder of' auch indebtedness
is hereb;~ given full ri.ghts of ingre$s and egress to the premises
secur-ing this loan in order ta presarve, maintain and care for 9uch
premiges for so ~ong as all or ax~y part oP the indab~edne~s secured
hereby is unpaid, an~ mng reasonable expense incurred by it in so doing
shall become par~ of icha indebtedne$~ secured, hereby, and shall become
(cq~n~~~~d on ~y~se hereof)
Bp~?K .1 ~ R ~W
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