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Florida Mortgage
TH13 I1VOS111TUSE. ~uade tLis du,~r ot AU~gust, A. D. 19 ?l. by ~ad between
OKF:BCNQBEB ZAI~D CCRPORATION
ut the Coant,y ot SL. Lucie . in the State of Ftorids. I~tortQagor, ~nd hereinattec so deaigusced. and
?Hg PR17~F~ITIAL ZN~1RAtaCB 00?~'ANY ~ AirIERICA
~ earporatioa at the State o[ N6M Je1l'SEy having ita priauipal ot6oe in ttte City ot ~Ieti,r3T'L; ,
saee ot New Jers47 . l~torcgsgeeti and h~inatcer s~ designated:
W6er+era Mortgagor i+ juat~y indebted tu Ddortgagee in the prinoipal sum at ---Ft?UR HUN~RED FIFTY
Txoos~~n ~xn r~o/i:~o - - - - - - - - - - - - - - - - - -(~l~50,000.00) - - n~~.
as evidenoed by ~ oertain promiswry note ot evea d~te herewilh. the 6ns1 p~ymeat of whio6 is due on Septe~ber 1.
1990 . eaeouted by Mortga~or
and deiivered to Mortgagoa, said note bein~ cira~rn on tbe cuatomary [orm af Mortgagee~ same being Form No. Comb.
63 ~0 Ed. 12 -53 ( SC aad by rete,renoe being made ~ part hereo[ b the aama eYleat ae thout6 set out in
(ull herein.
NO~? TBIS I:~IDENTUSE lIITrIS93ETH, thst Mortqagvr, to bettcY seoure the psymea~ ot tbe principal eum eet out
in ssid promisaory note. and iater~est thereon, snd in oonsiderstion thereof, aad tu~ other valuaoie oonaiderationa, has granted~
barg~iaed and aotd ~nd by theea prasenta daes Brant, bargain aad sell eo Moregagee and to its suooessors and assigns torever.
~11 Lhat eertain pae+oe~! or pieoe at Lad lying aad heitig ia the CounLy at $t • L11Cf @ and State o[ Florid~,
mae p~rtiouiarty deseribed as : .
?he Kest ha2f' of Section 2ying South ar~d idest of Florida State Turnp~e, Township
j$ Sot;Lh~ Range 39 East, and that part of Section 5, T~nship 35 South~ Ran~e 39 East,
lyin~ South of ttie Souyh rlght of xay line of Angle Road and hast of the follo~ring
~escribed lins:
rtv+v a point Where the EasL line of aforesaid Section 5 intersects the Soufi.h rig~t of
v~y line of said Angle Road right of Way, run North 69 degrees, !t~ ~inutes, 15 secaonds
i~est along said right of wa~y line a distaace oP t~20.17 feet; thence North a distance
o~ 50 feet; thence North 89 degrees, 23 n~inutes, ~s seconds i~iTest a disLance of 1t75.92
feet to a point xhere said South right of way of Angle Road intersects the fetest line
foot xide po~rer line easement l~ring i~Test of and abutting a 110 feet vide~ powrer
line easemenL hereinafter referred to; said poiriL beina the ooint of beginning ~f the
'.~est boun3ary of this parcel. Froa the point of beginning r::n Sout..h 0 3egrees, 00
mznutes, 3s sernn3s East a distance of 5~29~.75 feet to a point oa the Sauth line and
a36.00 feet Mt~st of the Southeast corner of Sect,ion 5.
RxC3PTINs All rights of va;j for pnhlic roads and draina~e canals.
Including as a part of the rea2ty a12 pernanenLly installe~ irrigatioc~ syst~ns and
eqii~ent, including all pwnps, cnoLors, engines, pump hosses, tanks, pipes, and rt~ains,
o~pe2inES, to~ether xith all equipn~ent necessary fbr the use an3 operat,ion thereof, naw
or hereafter placed on Lhe pre~nises, and any replacements or rene~als thereof.
_1. Paragraph (a) ;i) of the "Together xithN clause hereaf is hereb~ ~ao3ified t,o the extent
~tbV 4he sartga4,~or does herehy ~~rtoa~e, transfer, set over~ assign and pledge unto the
soi-tga?gee all citrus craps nas+ a.hd hereafter ~ro~aing ~n s~id pr~a~ises, hereby giving
and granting •sn~~ the m~rtgagee a first an3 prior lien thereon, provid~~, has+ever, that
such Zien shall be and is t~ereby expressly wade subject and subordinate to any crop
mort~age securing a loart ~ascie by a recogn~zed Production Credit Association eorering
any citrus crop which canes into exis±.snce by blo~n prior to foreclosure sale or other
acq.?isiLion of the prsmises by the caortga~ee ;uider this saortgade. Aqy s~ch crop WorLgage
sha21 n~t, hor~rever, be a lien prior to th_~s ~aortgage on any citrus crop cor:iing into i~ein~
by bloos subsequent to said foreclosure sale, or ot,her acc~sisiLion of the premises by
the ~na~t~~a~. "
~z. ~n~ tr.e ~ai3 i^ortgagor ~lir`,~~ieP t.ovenar,ts sr,3 a~:~c~ :'~r ~ leng ~.s ~.I1, or any parL ot
tt~e in3ecte3ness secured heretr; remains unpai~i to preserve, maintain and cat~e for the
citrus gr~ves upon the at~ove described premises, svch care and maintenance ta ir,clu~3e
c1l~i:~atiny, spraying, dustin~, prunir,o, ferLili~ing, xaterin~, pivLecLioa a~ainst dama~e
by fr~>st and fire, marketing of croz~s arxi replantinE; oP trees x!~e~ needed, aIl to be done
ir, a hustan3-Ii ~ce manner ar,d in accord~;ce xith approved !~.~thcds of grove culture, and
~rn~ r.a~ to La! ~ork, said grpves Witt~out tY:e xritten consent of Lhe holder of this
mortgage, provided further that• upon the fai lure of the :~ortgagor t•o full.y ooroply xith
ar:f or all provisions of trie above covenar:ts, the }-tolder cf t.he in:3ehtedness secured
(continued on tts reverse hereof) i~ ~~g4 1~~~
600M