HomeMy WebLinkAbout2371 .
' 1630~~
~ P. I. C. Lo~~ Nu~~sa
5149 764
Florida Mort~age
THiS 1NIDRDiTU~~i. mads this 15th. a,~ ~r Deceaber e. n, iab7 . by aad bstMreen
gURKS ALDEN SMITH and ~ADINE G. SMITIi, h is vif e; and
OONPERE LOVELESS and MARCEI.IA H. LOVELESS, his vife.
o[ tbe Coun~j? ot $ t. Luc ie . iu the State o[ P9orid+. Mor~~or, ~.ad herein~tter w designsted. ~od
THE PRUDENTIAL INSURANCE OOMPANY OF AMERICA
.~t~~ ~r caa sac~ ~c Ne~ Jex~ey h.~ ~e. p~?~~ omo~;~ sne c;e~ ~r Ne~ark .
ot Nev Jersey . Mortgagee. ~ad hereinatter ao deaigaat~ed:
Wheee~s Mortga~or is jwi~q iadebted Lo Mortgagee in the priaoip~l sum ot
- - ~a1Lss.
Three Hundred Thouaand aad No~100------------------
~s ~ridenoed by s oertain promissory aote ot even date herewi . tLe Snal p~yment ot whioh ie due on DeC~b~ 15 .
19 7. e:eouted by Mortgaeos
and detivered to ~tortgagee. said ao+~e bein~ dn~n on the oustoanary form ot Mortgagee. same being Form No. Comb.
f~300 Ed. 12-63 . and bq reterence being made ~ part hee+eot to the ssme ~tenL as tho•tqh ~et out in
tnll hecein.
NO~/ Tffi3 INDBrTTUtE ~?ITNE33STH, that Mortgagor. to better aeoure LLe p~yment ot the prinaipsl bum set put
in s~id pmmis~eory not~e, and interest thereon, and in oonsideratioa thec+eof, and tor other vslwble oonsiderstioas. has gradEed.
bargained aad eoW ~nd by Wese presenta does grant, Dargain and aeU to Mortgagee and ~o its suooessois and assigns forever.
all that oartain paroel or pieoe d land ~yiag snd being in the County a[ $t. Luc ie and SisLa o[ Florid~.
mare partia~Lrky deeoribed as
Beginning at the Northeast corner of Section 7, Tovnship 37 South,
Range 38 East, rua North along the East line of Sectioa 6, To~~ship
37 South, Rangeo38 East, a distance of 7 feet to point of beginning;
theace South 89 27' 66" West on a tangent l~ne, lyfng 29 feet North
of the centerl ine of an ex £at fag d ttch, to a po int on the EaBt right-
of-way of ~he Central and Southern Florida Flood Control Distriot
C-23 Canal, said pofnt be~ng 24 feet South of the North line of said
Section 7; thence South 0 07• 44" West, along the Eeat r~ght-of-way
of sa id C-23 Canal a d istance of 2925.20 f eet to a po int that i.s 135
feet Ea~t and 275.27 feet South of t6e West ~ corner of seid Sectfon
7; thQnce North 89° 22 • 45" Ea~t along the approx imate centerl ine of
an existing d~ke, a diatance of 52`36.34 feet to a po£nt on the East
line of said Section 7; thence North 0° 58' 45" EaBt along the East
_ line of eaid Section 7, a di.atance of 236.35 feet to the Es~t ~ cor-
aer of said Sectfon 7; theace North 1° 08* 45'• East a diatence of
2674.24 feet to the Northeast coraer of seid Section 7; thence con-
tiaue North Ol° 08* 45" Esst a di~tance of 7 feet to the point of _
begtnning. Said parcel containing 356.99 acre~ nore or less.
TOGETHER WIT°H rights of coma~on u~er of cattal and roadway easements
as ~ranted and as by public record appearing and TOGETHER WITH all
irrLgation and vater control equipa~ent located thereon.
21. Paragraph (a) (1) of the "Together ~Lth" clause hereof is hereby
mod if ied to the extent that the ~ortgagor doee hereby mortgage, traas-
fer, set over, eseign and pledge unto t6e aaortgagee all citrus crops
now and hereafter groWing on seid premises, hereby giving and grant-
ing unto themortgagee ~ f irst and prior• liea thereon, provided, how-
ever, that such lien s~all be and is hereby expressly eaade subject
and subordinate to anq crop mortgage securfng a loen made bq a rec-
gnfzed Production Credit Association covering any citrus crop Which
comes fnto existence by bloom prior to foreclosure sele or other
acquisitioa of the premises by the mortgagee under t6is mortgage.
Any such crop_ciortgege shall not, however, be a lien pr£or to this
mortgage on aay citru8 crop co~iag into being by bloom subsequent to
said forecloaure sale, or other acqu£aition of the premises by the
¦ortgagee. _
22. And the aaid l~ortgagor further covettant~ end agreea for so long
as all, or any part of the indebtedne~s 8ecured hereby remaina unpaid
to preserve a~fntain and care for the citrus groves upon the above
described premises, auch care and coaint4nance to tnclude cultivating,
(continued on page 2) _
ea~~169 P~E;~354