HomeMy WebLinkAbout0053 MOI~TDApE D`~O 4~ ` RAMCO FORM RE~O
TO COR~ORATION iROM INDIVIDUAL l~._ ~
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l _ EY~u~pd ~he 7th day a! November A. n. 19 72 ~
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E~" HENRY P. VACHON and CAROL ANN VACHON, his wife, `
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c~~ hereina(ler ca~~ec~ the morfgagor, fo VACHON CITRUS COMPANY
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c.~ a co?po?alion exisfinfl unc~er the ~aws of the $tate o) Florida , wit{~ ifs pe?manent poslof~ice
address at P. O. Box 1194 , Fort Pierce, Florida 33450 _
hereinaJter ca!!ed Ihe mort9agee:
(N'hercver uxd Acreis t4e terms "mortsa~w aod ••mortsasee•• ieclude aU tbe parties to tbis iRSUUmeat ad tAe ?ein,
le~al repraeanti~rs and a~u~m ot isdividYab aad t4c wccesx+n aod a~iRia oI coryoiatiom: aed t6e ters "wobr••
~rxludes all t6e sotea 6erci~ deacribed iI mae tAao oae.)
~~~~e~~ that Jor good and valun6le considerations, nnd also in consic~eraiion oJ the ags~re-
gate sum named i~ ll~e promissory note o/ even dnte herewilh. hereinaf te~ descri6ecl, the mortgagor here-
6y grants. 6argains, se~ls, a~iens, remises, conveys nnc~ con~irms unto II~e mortgagee nl~ t1?e certain ~and
o~ which the mortgagor is nou~ seized and in possession sifuate in St. Lucie County.
Floridu, u~z:
The North 3/4 of SW 1/4 of NW 1/4 of
Section 17, Tawnship 36 South, Range
39 East, EXCEPTING, THEREFROM, all~ rights
of way for drainage canals and public
roads.
THIS IS A PLTRCHASE MONEY MORTGAGE.
~p In the event of destruction by hurricane, hail or
i freeze of not less than 50$ of the citrus crop,
t~ matured or unmatured, the maturity of the then
~ next ensuing principal installment hereunder shall ~
be deferred to become due and payable on or before
! one (1) year following the then last installment.
' The relief afforded shall be at the option of the t
~ Mortgagor and shall be cumulatiVe in effect; that
~ is to say, the provisions hereof will be applicable
~ to the losses sustained mentioned above occurring
in more than one single year.
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