HomeMy WebLinkAbout4024 MORTOA6[ OE~~ RAMCO FORM RE~6
~ TO G011?ORATION ?IION INOIVIOUAI ~l~ w f'1SC
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Ea~«~pd th~ ~6 day Uecember A. D. ~9 726~y
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~ °p ~ IVA W . KAY , JR . ~
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~ hereina(ter callecl f{~e mo?fgagor, to VACHON CITRUS COMPANY,
a corporation existin~ unc~e~ fhe ~aws oJ fhe Sfate ~J Florida , wifh ils pe?mu~ent poslo~~ice
ndd~pss a~ p. O. Box 1196, Fort Pierce, Florida 33450
hpreina(ter called the morlgagee:
~N'her~ver uxd bcrcin t4e ttrms "mwtsaRor.• and "mort~aaee" ioclude all tAe puties to tAis imwmcet asd t6t 1ein.
ktal rcprcxnutives ac~d aai~m o( iedi~~dwb. aad t6c succew~rs aod asaitd oI corpwatioas: aod tAe terw "~ote••
inrludes all thc aotn 6ercin descriEcd iI more tlua oac.)
~~~11~~1e~~ ttiat ~or gooa and t~aluab~e considerations, ancl also in consideration oj the agqre-
gale sum namec~ in tF~e promissory note of c:•rn c~ate ~erete•il~, ~eereina~ler clescri~, f1~P mortgagor ~ere-
6y grants. 6nrgains, sells, a~iens, remises, conveys an~ con(irms unto Ihe morlgagee all the certain Iand
o~ which the morigagor is now seized and in poJSession situafe in $t. Lueie County.
Florida, viz:
The NE 1/4 of the NW 1/4 and the S 1/2 of
the N 1/2, all in Section 22, Township 35
South, Range 38 East; less and except all
rights of way for public roads and drainage ,
canals, and easements for public utilities. f
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TOGETHER with the 1972-1973 citrus crop and
together with all pumps, pipe and irrigation
equipment naw located on the premises.
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RCCEIVED C ~~tN PAYMENT OF tA~
DiIE ON CLASS'C INTANGIBLE PER90N.i1 PROVER(Y~ ~
~ PURSUIWT TO CFIAP7f~ 71-13/. ACTS OF 1911. ~
R06ER POITtG.S ~
i , CLERK CIRCUIT COURT. Si. Lt1CIE 00.. FUl ~
i THIS IS A PURCHASE MONEY MORTGAGE.
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~ Mortgagor covenants and agrees that he will at -z~-
E all times properly fertilize, spray, water and
~ irrigate, cultivate, care for and maintain in
~ a productive condition all of the grove naw on
said property, or hereafter planted thereon, in
~ a husbandlike manner as said groves are usually
kept in St. Lucie County, Florida, and it shall
be lawful for the Mortgagee, its successors and
assigns, at all reasonable times during the con-
~ tinuance of this security instrument to enter
upon said premises for t~e purpose of inspecting
the condition of said groves. The pruning, hedg-
~ ing or replacement of citrus trees shall not be
~ considered waste under the mortgage and the mort-
~ gagor shall have full authority to remove and re-
~ place citrus trees at any time. The failure to
~ maintain the grove encumbered by the mortgage
z~ in accordance with the standard set forth in this
~ paragraph shall constitute a default in the mort-
~ gage if such default continues for thirty (30)
days after written notice from Mortgagee to Mort-
: gagor.
In the event this mortgage shall become in default
under any provisions contained herein for more than
thirty (30) days after written notice thereof has been
provided by Mortgagee to Mortgagor, Mortgagee shall
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have the rignt to have a receiver appointed to assure
that Mortgagee will from that point thereafter be entitled
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to receive the net proceeds of the sale of all fruit
harvested from the groves on the encumbered property,
~`~s to cure the defau lt . ~1 {1
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