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that at all times the unreleased real property will be properly
maintai~ed as a producing citrus grove as prescribed in paragraph
5 of the seid real estate Mortgage, and that no portion thereof
will be used for any other purpose until properly released from
~ the terms of the mortgage as herein provided. Further, Martgagor
agrees that all necessary steps will be taken to emsure that de-
velopment of the released trects will not injure in any manner
the citrus trees or citrus crops on.the remaining unreleased prop-
erty encumbered by the Mortgage. - ~
Notwithstanding the foregoing, it is understood that
as long as the first Mortgage held by the Prudential~Insurance _
Campany of America, herei~after "Prudential", as recorded at M.B.
161, Page 495, St. Lucie County, remains outstanding, no property
~ wi11 be released hereunder unless a principal payment proportion- ~
ate to the principal balance due.Prudential on a per acre basi
PRou~~ ~audt~l~"~LoR iTs Q55~9Ne~ ~o~LL acc~P~"se~Chfle~~.scr ~yr~+~~v1.t
. is made to PrudenCial for~a corresponding release from Prudential~
which payment is to be applied to the final principal payment due
; .
; on said Prudential mortgage. By way of illustration, if at the
I ~ :
4 time the release is requested the principal balance of the Pruden-
, .
E tial mortgate~is $200.00 per acre, an extra principal payment must
I
be paid to Prudential in the amount of $4,000 for each 20-acre~
- tract to be released." ~
(2) Except as hereinabove specifically modified and .
amended, all other terms, provisions, and conditions of the Mort- ~
gage as it may have been previous~y amended and/or supplemented
shall remain in full force and effect.
(3) The execution of this Modification has been duly.
consented to or authorized by all necessary corporate action on
the part of Mortgagor and has the approval of its Board of Direc-
tors. ~
_ a~~186 ~244$
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