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.CONSOLIUATED PROPERTIES, INC.
i~ere~naJter called the mortgagor, to KARICR A. PRICE & BA~RBARA PRICS~ h/w~ JOYCB H.
GRAY & JOHN B. GRAY, her husband, MARJORIE H. PRICB, an tmre~married
widow, H. C. HITCH, JR. & LAL~1 M. HI~I, h/w, CHItISTINS W. IiITCEI, an
unre~arried widow, indiv~dua~ly ~ as 8~cecutrix of 8state of H C.
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(,M.ereve~ wea eere;. tLe eum+ . „d •~,~[,~ee•• iaelude .n the wrtie. to t~i. ;au...~.~ ..a tie u«..~
".~i~"~ .`~`iA':~ i~~ `~8°~L~e`~`o~''t$°~~ said
~ o_ and Resii~uary Trust~ere ter called the Mortgagees; giorida Trus .
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~n ~ that jor goon and valua6le aonsidemtions, and aiso in consideration o/ the aggre-
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~s Cl Q9ate sum named in !he prom~ssory note o~ e~e-~ date henewitl~, 1~ereina)ter described, t~e mortgagor here-
a 0~, Obq grants, bnrgnins, se~is. a~iens, rem~ses. conveys and confirn~s unto the mortgagee uU tl~e certai?~ land
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~ pof whic% the mortgngor is now seized and in possession situate in $t. yucie Countp,
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r : ~ Flo~tdo. U~Z:
~ ~ ~ ~,The SW~, Section 13; the SW~, Section 14, all in Township 36 South,
~ Rauge 38 East; the SW~, Section 18, Township 36 South, Range 39 East
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~N the attached Schedule "A" marked "PRICE GROVSS", and ~OGETHER WITH
~ z~ ~ all irrigation equipment located on said property as listed on the
~ attached Schedule "A" marked "PRICE GR4VES". ~
TI~IS IS A PURCI~lSE MONEY SECOND MORTGAGE, 3unior and inferior to tha
certain mortgage given to Co~ecticut General I.ife Insurance Company
dated December 16, 1963, in the original amount of $1,000,000.00,
recorded in O. R. Book 78, page 256, Public Recards of St. Iucie Co ty,
Florida.
The Mortgagor agrees that it will not otherwise enctmmber the propert
described herein or place any additional financing which would_const -
; t tute a lien on this property prior to January 1, 1974.
S The Mortgagees agree to subordinate the lien of this second mortga~
to any new mortgage placed on the secured property herein subseque~t
~ to December 31, 1973. .
~ The M~ortgagor agrees that it will not encumber the fruit crop produc d
~ • on the property herein described until the mortgage payment due--on
Ja~au,ary lst of each respective year has been paid to Coimecticut
General Life Insurance Campany. This provision shall be binding
through the 1973-1974 fruit season.
The pravisians of the Promissory Note secured by this Mortgage are
herein incorporated in this M~ortgage by reference and are made part
of this Mortgage.
The Mortgagor agrees to keep said premises and improvem~ents thereon
in good condition and repair and not to commit a=.suffer waste there f;
to operate all lands, whether improved pastures, groves, orchards,
grazing, timber, or crop lands, in a good and husba~ndmaaltke mann~t~
accor~ancewith accepted principles of sovad agricultur~l and fores
practices; to take all reasonable precautions to control wind and
water erosion; to fertilizp impraved pastures, if any, where necessa y
to maintain a good stand of desirable grasses; to protect orchards,
groves and timber, if any, by reasonable precautions against loss or
damage by fire, including the maintenance of appropriate fire breaks
; and neither to remave norypermit the removal of any timber, building ,
oil, gas, mineral, stvne, rock, clay, fertilizer, gravel or top soil
without the prior ~citten consent of the mortgagee. The mortgagee
t shall have the right to inspect the mortgaged premises at such reaso -
~ able times and intervals as the mortgagee may des ire, to detes~mine
~ the mortgagors' compliance with the covenants contained in any claus
; of thts mortgage. ~~RK~~~ ~ ~nn
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