The URL can be used to link to this page

Home My WebLink About1790 ~ ~ P. I. C. LOAN NV1[6ip ~ ~WV~/~ . . _ Florida Mortgage THIS IIVDBNTUtS. made thia 8Lh d~jr ol DeCeIDb91" A. D. is69 . by and betwean 4iICAGO CITRiS INV~TCRS, INC. ot the County ot St. Lucie . in the 8tate ot Florids„ Mortga~or, snd hereinaiter eo designated. and T!~ PRUD~?32IAL INSl~4ANCE CO:g'ANY ~ A?4E.~tICA . oorporation ot we sace ot Nex Jersey h.ving;ts pri„oipal omoe in che G~4y ot Newark . sase ot IZex Jersey ~ Mortgegee. wd hereinatter so deaign~ted: Wheresa Mortgag~or is just~y indebted to Mortgagee in the prinapal sum ot - - - - - - - - - - - - - - swv~:rrY-zwo Txovsarm nr~n xo/ioo - - - (~72,000.00) - - - - - - - - - - - - - ~n.=.. ss evidenoed by ~ oertain pmmiseory note af even date herewith, Ehe Sn~?l p~yment ot whioh ia due on j~C6~beY' $ . 19 $9 , ezeouted by Mortgagor snd delivered to Mortgagee, ssid note being dra~rn on the cuatomary form ot Mortgagee, eame being Form No. Comb. 6300 Ed. 12-b3(SC~. aud by reterenoe being made a part hereoi to the asme eztent ae though aet out in fnll herein. NOl~ THIS INDBIITTIISE ~YITNE89ETH, lhat Mortgagor. to beLter seoure the p~yment ~ We principal sum set out in eaid pmmiasory note. and interest thereon, and in oonsiderstion thereat. and for other valwble oonsideratioas. has granted. bargained aad sold aad by these pe~esenta does grank bsrgain and sell to Mortgagee and 1o ita auooessors and assigns forever. all that oert~ain paroel or pieoe at lsnd lying and being in the County ot St. Lucie and 8tate ot Ftorids. more partioularly desaribed ae The NF$~ of Section 11~, ToWnship 36 South~ Range 38 East~ Sxcepting therefrom the `P {~est 50 feet as a right-of-xay for pub3.ic road (Idea1 Holding ~oad)~ and f~rther ~~~q excepting rights-of-Way of Canals Nos. ?8 and 7q of the I~orth St. Lucie River Drainage District. Including as a parL of the realty all penaanently installed irrigation systems and equip~aent~ inclitdi.ng all pumps, motors, engines~ p~p houses, tanks, pipes and mainsi pipelines, together with all equi~nent necessary for the use and operation thereo~~ no~ or hereafter placed on the premises, and any replaceraents or reneWals thereof. ! . 21. Faragraph (a) (1) of the '~Together xith" clause hsreof i.s hereby modi.fied to the - extent thaL the mortgagor does hereby mortgage, transfer, set over, assign and pledge unto the mortgagee all citrus crops nox and hereafter grosring on said premises: hereby giving and granting unto the mortgagee a first and prior lien t.hereon~ provided, hoxever, that'such lian shall be and is hereby e~reasly made sub~ect and subordinate tb ar~r crop mortgage securing a loan made by a recognized Production Credit Association cov~ering any citrus crop xhich ca~es into existence by bloom prior to foreclosure sale or other acquisition of the premises by the :nortgagee under this m~ortgage. Any such crop mortgage shall not~ hoxever~ be a lien prior to this mortgage on ar~qr citrvs crop co~ning into being by bloom subse- quent to said foreclosure sale or othar acquisition of the preraises by the mortgagee. 22. Md the said Mortgagor Y~rther covenants and agrees for so long as all, or an~y part of the indebtednesa secured'hereby remain$ unpaid to preserve, Iaaintain and care Yor the _citrus. gacoves. _ up.on the above described__~re:nisee~_ such _care atid maintenance to - _ - - include cultivatinE, spra~vin¢, duati.ng, prunint;, fertiliain~, xatering, protec~ion against damage by trost and fire~ marketing of crops a~d rep],anting oF trees xhen needed~ all to be done in a husband-like manner and in accordance r~ith approved Aethods of grov~e ctilture, and agree not to top-work said groves x3.thout the Written consent of the holder of this ;:ortgage~ provided further that upon the failure of the Mortgagor to Yully comply ~rith at~,• or a]1 provisions of the above covenants~ the holder of the indebtedness secured hereby, in addition to a]1 its other rights _ aryd :enedies for breach of covenants in this Mortgage contained~ and in addition , to its right~ hereby expressly given, to declare a default upon t,he breach ot ar~y ~ such covenant~ may~ at its option~ take swch action as it deema necessary to pre- serve~ maintain and care Yor the premises~ and said holder of such indebfi~edness is hereby ~iven full rights of ingress and egresa to the preudses securi:,g this'losu in order to preserve, maintain and care for such premises for so long as all or a~y s part of the indebtedness secured he~reby is unpaid~ and ar~y reasonable expense in- curred by it in so doing sha11 become part oY the indebtednsaa secured~ hereby~ and shall'beeome imnediately dus and payable and shall`bear interest at the'rate pro- _ vided herein for matured obli~ations~ hoxever~ it ia expressly understood and agreed (continued on reverss hereoi) ~ - ; o R 1g~ ~E1?9 ~ 600K r - 4 _ ~ ~ ~ - - ~ ~ g,~ ~~:..w~._ 1 _ . . . . ~..u.._ _ ,