HomeMy WebLinkAbout1461 run thence ~`'est along the South line of said S~~
of NW~ of the mid-channel of Eleven Mile Creek;
thence Northeasterly meanderina the mid-channel'
of Eleven Mile Creek and Ten Mile Creek to a
point on the East line of the SE: of the I~W~ of
said Section 33; thence South along the rast line
of said 5E~ of NLa~ to point of beqinning.
SUBJ~CT to rights of way for oublic roads and
drainage canals, if any.
TOG~THER ~vith the followin~ equipment and articles
of equipment:
1 - Ford 4000 Tractor
1 - Ford Rotarv !~!ower ~
1 - Kosh Sickle ~iower
1 - Ford Grade Blade
1 - Ford Pan
1 - Iiester Crove Disk
1 - John Deere Tiller
1 - Homemade Johnnie Plow
1 - 6" Marlow Pump
S1 - Joints 6" diameter, Fipe 20' long
32 - Joints 5" perforated diameter, Pipe 20' lona
Elbows, reducers, etc.
togetner ~viin cne note zna~ said nioYLyaye 5c~ui~~ ~r, u.~ c~~.;~:_:?
principal amount of $71,000.00.
2. That as of this date there is due upon said
note and mortQaqe the sum of $42,600.00 toaether with interest -
f rom :~~arch 5, 19 70 .
3. That the parties hereto herehy cancel and set
aside the first paragr~ph on pae~e five of said mort_qage which
recites as follows, to-wit:
"In the event of destruction by hurricane, hail or
freeze of not less than f_ifty percent (50$) of. the citrus
; crop, matLred or unmatured, to he determined by three (3)
~ reoutable citrus growers, (one selected by mortQavor, one _
~ selected by mortgagee, and the third selected by the two
previous designees) the r.~aturity of the then next ensuina
orincipal installment hereunder shall be deferred, to b~come
due and payable on or before one (1) year follawinv the then
last installment. The relief afforded shall be at the option
~ of the r~ortgagor and shall be cumulative in effect; that is to
say, th~ provisions hereof will be apnlicable to the lesses
sustained mentioned above occurrinv in more than one sinqle
year."
4. That henceforth principa~ payments on said
mortgage shall be the sum of $4,260.00 plus accrued interest
~ on the unpaid balance corunencing 2±arch S, 1971 and continuinq
~ every *sarch Sth thereafter until the entire principal and
~ interest is paid in full.
~
~ That all other provisions of said note and mortQa_qe
: not in conflict herewith shall remain in full force and effect
~ in all respects and that nothina herein shall effect or ir.ipair
~ any rights that the said party of the first part ma_v have
~ thereunder for the recovery of the said mortgaqe debt, with
~ interest thereon and expenses thereof in the case of non-
~ fullfillment of ~his aqreement.
~1~
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