HomeMy WebLinkAbout0749 ~~~s c~.K~ ~ .ruw ~n~t
THIS MO~TriA~ 27'h~ of May y' A. D. 1968 betwrsn
INLAtiD FItUIT C0. av n~id a corqor~tiy~
/ g 3ts pr nc pa ~lace of business in I.eesburg, Florida•------
heminatter (whetM~ ons or more in ~umber) cclled Mortpo~ors, and THg NOBTHI~iBSTRRN KVlUAL LIFB
INSURANCB COAlPANY, a Wisconsin corporation, having its principal place of business in
Milwaukee, idisconsin---------------------------•-•-----------------------------------
hereinoft~r talled Mort~o~ee: -
WITNEUETH, Thot Mort~o~or~, in ca~sidemtion of tfie sum of TfdO HUNDRBD ~iSNTY THOUSAND
and NO/100 ($220,000.00)--;--------------------------------------------------dollars,
to them In hond poid by Mort~gee the receipt wheneof is hereby atknowled~ed, do by these presents ~rot~t,
b°r~°in~ sel~ °~d co^veY unb Mc~t'9a9~, ~e~. ~e fol~o~wing descNbsd'property in the Counties of
Indian River and St. Lucie-----------------------------------a~d Stote of Fbrido, t~o-wit:
That portion of Tract 6, lying South of the right of way of the maia canal o£ the
Iadian Rfver Farms Drainage District, ia Sectioa 7;
All of Tracts 11, 13, 14 and West 20.49 Acrea of Tract 15, in Section 7;
ALL in Township 33 South, Range 39 Bast, according to the last general plat of
Indian River Farms Company, filed in the office of the Clerk of Circuit Court,
St. Lucie County., Florida, ia Plat Book 2, page 25, now a part of the public records
of ~ndian River County, Florida. LBSS AND SXCSPT all existing rights-of-way for
public reads, drainage canals and ditches.
All of the above Iaad lyfng and beiag in Indian River County, Flozids.
Subject to easements of record, if any.
Subject property contains in an aggregate, after said exceptions, 141.37 acres,
more or less.
The 3outheast Quarter (SF.~) of Section 6, Township 36 South, Range 39 $ast, LESS
the North 82 feet for public road and canal rights-of-waq, and LESS the iJest 25
feet for Shinn Road right-of-waq, St. Lucie County, FZorida.
Subject to highways and easements of record, if any. '
Subject propertq contains in an aggregate, after said exceptions, 155.32 acres,
more or less.
For so long as any part of the indebtedness secured by this mortgage shall remain
unpaid, the mortgagors agree to maiatain and care for the citrus trees and crops ~
located or grawn on the mortgaged property, s~ch maintenacece and care to include
cultivating, spraying, dustin~ pruning, fertilizing, irrigating and protecting the
trees and crops agaiast damage by surface water, free water in the root zone,
freezing and fire, all to be done in a gaod and huabaadlike manner and in accordance
vith standard methods of citrus grove caretaking generally recognized, accepted and
in use for ritrus ~roves located in the vicinity of the mortgaged property.
It is understood and agreed that the Mortgagors will furnish the Mortgagee within
90 days at the end of each fiscal year, annual financial and operating statements
on Inland Fruit ao.
Togetfier with all dikes, retoining walfs, ditches, tate~ls, conduits, canals, rights of woy used t~
convey water or io drain wch lond, reservoin, pwnps, shofts, cosings, motors, portoble pips, lrrigotion
equipment, attachments, and appurtenances instolled or used in connection therewith, and including a ~
end oll substitutions a~d replacements, r~epoirs, cx new ~quipmenY tfia~t moy be oddeci thereto, together ~
with all fencing, buiidings and impravements, machinery a~d equipment, now or hereafter situoied, erected, i
o+' pleced thereon, a!! of which shall be considered fixtures and port of the ?eelty, regordless of the rrwnner `
of attechment tfiereb; elso together with tfie hereditaments and appurtenances to the some belcx~ging or
in onywise appertaining, end all of the rents, issues and profits which may arise or be had therefro~n• ell of
the foregoing being hereofter referred to as the "premises." '
ti is ayreed thot if a~ of the rty herein mortg~ is of a rwture so thet a security interest
therein con be perfected ur~der the Uni Commerciol C , this instrument sholl constitute a Security
Agreement and Mortgogors agree to join with the Mortgogee in the execution of any finoncing statements
and to execute ary other instruments tfiat may be required for the perfection or renewai of suci~ security
interest under the Uniform Comme~cial Code.
TO HAYE AND TO HOl.D the premises end clso all the estate, nght, title, interest, homesbod,
dawer and right of dawer, seporote estate, pcnsession, claim and demand whotsoever, os well in Iew es in
equity, of said Mortgogors in end to the seme, ond every port thereof, unto Mortgogee, its successors ond
ossigns, fore~rer, for the Purposes, cnd upon tfie uses herei~ set f+urtfi. •
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