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HomeMy WebLinkAbout4028 j J M011TOA0[ DE[O RAMCO FORM I![JS ro co~ro~wT~oN rwow ~wo~viouw~ . 2~4288 v~ 1 / ~ • N ~ a ¢ ~ ~ a~ E.r~u~prl ~hp a~ day o/ December A. D. ~0 726y ~ 3 ~ ~ ` ~ ROBERT J. PREBIANCA E ~ ~ ao ~ hereina~ter called the mortganor, lo VACHON CITRUS COMPANY ~ ,c ~ ~ L~ a corporation exisfing unt~er I~e ~aws o~ fhe $fQte o~ Florida , u~ifti ils permnnent poslof~ice ~ ~dd?ess a~ P. O. Box 119 6, Fort Pierce , FL 33450 hereina/ter callecl the morlgagee: I (NAerevtr u~ed 6rnis the ttrms "m«t=a`oi' asd "mort`a~ee" include all t6e pu~ies to tAia iastrvase~t a~d ~Ae ?ein, lesai KPftt[Al1l1Ylf and aati ns ot indiriduals. aad t6e wcccuars aad aaitws oI caporatioas: aad t6e ttrm ••wte•• ~ncludn all tAe aota Aerein ~riEed it mwe ~6an oee.) if~at jor good and valua6le consideratio?u, and also in rnnsiderntion of the ags~re- gate sum nnmed in the promissory note oj even dnte I~ereu~ilh, hereinnJter described, the mortgagor here- 6y grants, baryains, se.lls, aliens, remises, conueys and con~irnu unto 1he mortgngee all the certain lanc~ oJ u~hich Ihe mortgapor is now seized and in posses~ion siluate in St. Lt1Cle County. F~ori~a. t~iz: The East 1/2 of the NE 1/4 of the SW 1/4 of Section 6, Township 36 South, Range 39 East; excepting therefrom all rights of way for drainage canals and public roads. TOGETHER with the 1972-1973 citrus crop and pump and well. THIS IS A PURCHASE MONEY MORTGAGE. Mortgagor covenants and agrees that he will at 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 continuance of this security instrument ~ ~ ' ~ to enter upon said premises for the purpose of in- ~ specting the condition of said grove. The pruning, ~ hedging or replacement of citrus trees shall not be ~ considered waste under the mortgage and the mortgagor ~ shall have full authority to rem~ve and replace citrus I ~ trees at any time. The failure to mainta~ the grove ~ encumbered by the mortgage in accordance with the ~ standard set forth in this paragraph shall constitute ~ a default in the mortgage if such default continues ~ for thirty (30) days after wr~tten notice from Mortgagee to Mortgagor. - ~ In the event this mortgage shall become in default under ~ any prc.visions contained herein for more than thirty (30) ~ ~j days after written notice thereof has been provided by Mortgagee to Mortgagor, Mortgagee shall have the right " to have a receiver appointed to assure that Mortgagee will from that point thereafter be entitled to receive the net proceeds of the sale of all fruit harvested from ~ the groves on the encumbered property, to cure the de- ~3 fault. y~: N'Y x,' ~i ' ` ~ ~ ~ RfCEIYED ~ ~ ~ IN PAYMEIR OF TAXES ~ n c~O~~ Oil~ ON C(ASS ~C INTAN(;181E PERSONAI PROPfRfY, ~~~r.2V~ PA(,. PURSIIANT TO CFIAP7ER 71-131. ACTS OF tyii. rn~ ~1 ~ , l ~i ~ ~~3 ` CLERK CIRqlIT COURT, ~L LJ~~t CO. ~?_z ~ ~ ~ - _ ~ ~ t ~ ~ _ _