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.OMO /ORY ^ - A A RAMCO'OwY 1![6
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~ E.p~ur~l rh~ 26th ~IQy o/ November A. D. ~q 71 by
il ROY UTTER ~
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l herPina(ter callecl thP mortgagor, to MISSION GROVES, INC. ~
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I~ hpreina(ter cal~ed the morfgagee:
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~ IN'Aerc~xr ~nad 6ereen t6e term~ "m«tRaScu" ao~ "mortcaRee" iecludr al! tGe parties to tLis isftrumeet aod ~le bein,
~ IKaI nprexnuti~es and assi[~ ~ iadiv~duals, and tAe wcn++~Ki and assises ut cwyoratio~s: aed t6e term "wte" ~
inch~de+ all tAe autey ~erein drr~ibed it mon tsan one.l
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or good arid i~alua6~p c~onsiderations, and a~.to in consideration o) the aggre-
i gafe sum nnmed in fRe promissory note o~ even dale hereu~ith, tierninajler descri6ed, t~e morlgagor ~e?e-
I by granfs, I~argairts, se~~s, a~iens, rpmises, coni~eys ancl confirms unto t~e morfgagee al~ t{~e certatn lantl
~1 0( u+hic~ t~e morfgagor is now seize~ a?id in possession sifuafe in St. Lucie Caunty,
I Flori~a, i~iz:
i PARCEL I. The S2 of SW4 of Section 23, Township 34 South,
Range 39 East, LESS rights of way for canals and roads. ~
PARCEL II. The W~ of the NW 4 of the NW 4 of SPCtion.26, Township
34 South, Range 39 East, less rights of way for canals ~
and roads. ~
THIS IS A PURCHASE MONEY MORTGAGE but subsequent in priority ~
~ ~ to a prior mortgage securing ~120, 000. 00, dated Navember 9, 1971, ~
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recorded in O. R. Book 186, page 2976, St. Lucie County, Florida i
= records held by The Equitable Life Assurance Society of the United ~
' States. IT IS UNDERSTOOD any event which would c onstitute a
~ default under the terms of said prior mortgage and the note secured s
~ thereby shall also be a defa~ilt under this mortgag'e. ~
g ' M There is excluded from Parcel I, supra, the following: ;
~ Beginning at a point on the East-West one-quarter line which is 60 feet West
: ~ of the interior one-quarter corner of said Section 23 and being on the West rig
Y of way line of Fort Pierce Farms Drainage District Canal ~5; run thence
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~ W'est, along sa.id E-W 4 line a distance of 400 feet; thence run North, parallel
~ with the N-S 4 1 ine, a distance of 450 feet; thence run Tast, parallel with s aid ;
E-W 4 line a distance of 400 feet to the West right of way line of said Canal #5;
r~~ thence run South, along said canal right of way line to point of beginning.
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ADDITIONAL COVENANT TO BE KEPT AND t
; PERFORMED BY MORTGAGOR ~
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; Mortgagor covenants that he will at all times properly fertilize, ~
cultivate, care for and maintain in a productiv~ condition all the grove ~
now on the mortgaged premises, or hereafter planted thereon, in a ~
- husbandry manner as citrus groves are usually kept in St. Lucie County, ~
Florida, and that it shall be lawful for the mortgagee, it s successors and ;
„=3 assigns at all reasonable times during the continuance of this security to ~
enter upon the mortgaged premises for the purpose of inspecting the condition ~
j of said grove.
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~3 ~ ~~197' F~~~428 ~
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