HomeMy WebLinkAbout0208 ~ ~ ~ ~ !
THIS INSTRLMENT Tfat I~
P. I. C, Lo~?H NuYeaa PREPARID BY= ~1 ~Q S~~
. , fo~t Pi~ ~ ~
. 2'7~036
Florida Mort e =
g~
TH1S INDBNTUtE. msde this 2pth day o[ DsOS~bA2' A. D. 197 j.
by and bst~reen
.
AIUNS RINCH, INC. A FLORID? CORP~ORlTION AND DARIO RESTREPO, TRUSTEE
ot the County c~[ S~. LIIC18 . ia the Bbte d Florids, Mortgagor, and hereinatter so designated, wd
THS P~iTLIL INSURANCS COMPANY Ol~ JII~RICJI
r
s oorpon?tion of the 8tate ot ~IBM d9~~ haring ite prinoipal o~oe in the GSty ot N81t~Fk ~
S~a?te ot NeM Jers~y . Mortgagee. sad herein,itcer eo desigt?sted; . ~ ~
Where~s Ddortga~gor is justly indebted to Mortgagee ia the principsl sum ot- - - - - - - • - - - - - -
Tb10 MILLION AND NO/'100 - - - - - - - - - - - - - - - - ( 2, 000, 000. 00 ) - - - - - nottai.,
as evidenoed by s oertain promissory note ot even date herewith, Lhe Snal p~yment ot whioh ia due on I~~~r 20 ~
1993 ~ exeouted by Mortgagor
and delivered to Mortgagee, eaid nota being drswn on the ou~tomary form ot Mortgagee. same beiag Form No. Comb.
6~ Ed. 12-63 . and by retecenae being made s part hereat to the aame extent as tLo
inll her~n. _ ~ aet out in
NOW TBI$ INDB1vTUSg lYIT1VB~4BTH, lhst Mortgagor. to beLter seoure We psyment oi the ptincipa! sum eet out
in ssid promissory note. aad interest thee+eon. and ia oonsideratioa thereot. aad for other valuable oonaiderations, bas grmted.
bargained aad sold aad by theee preeente doee grsnt, bargain and aeii to Mortgagee snd to its auooeesors and assigna torever,
all thst oe~tain pareel or pieoe ~ land l,ying snd being in We Counh? of $t. Iucie aad $Lsts ot Florids.
more partioular~jr deaoribed as
All of Sections 27, 28, 33 aad 31t, Toxaship 31? Sout~h~ ~age 37 East,
and Sections 3 and 4, and also all t.hat part of Sections 9 and 10
lying North oi State Road I~lo. 68, iu Toxnship 35 ~nth~ Ranga 3? Baat,
St. Iucie County, Florida, together irith all irrigatic~ s~atesa and
eqnipsent, inclnding all pa~ps, awtora, enginess P~P ho~aa~a, taaka~
pipes and ~aina, pipelfnes, together xith all ~qnipadent neosasary ior ~
the use snd operstion thereoi, naw or hereafter placed oa Lhe preaiaes,
and sag ~eplacaaenta or rensxals thereof. See 5chedule A attached hereto
`
21. It ia thrther agreed that the Mortgagor vi]1 ftiua.ish the liortgagee xith a
sxora, ite~ized stateaent of aauual income and ezpeasea of the property herein a ~
described, at the end o~ each and eve r
y fiscal y
e
3ar oP the I+Io r
t g
a
gor. g
22. ~lnd the said I~ortgagor further cov~enants and agrees for so lang a~ sll, or ~
ar~y part of. the indebtedness secured here~by resains napaid to preserve, saintain
and care for all feaces, pens, corrala, dipping vats, bunk houses, bax~ns, tool r-
sheds, ir~ells, snd tanka, to
g
ether ~rith all other in stall a
t
i o
n s p r
e s e a
t
l y o
n s a i d W~
, prasises, as ~e~y be used or a a
y be necess a
r
y in the c a r
r
y
i
n g on of~cattle r
a
is 3 n g
! on said preaises; to cultivate and care ior grassas nox on said pre~Lsea and to -
: naintain sase to an extent suft'icient for the cat#1e raising prograa now or ~
; hereafter carried ont on said preaiaes, to take reasonable and custadary pre-
: cautions for iaintenance of xater sutpply and against fYre and other hazarda, and ~
! to ~osintain and care for the cattle prodnced or aaintained on said preaises,
inclnding tho$e reqnired to be kept on aaid preafaea by the teras of this Mortgage,
~ to see at all tisea that said cattle are pravir~ed pmper feed, protection fro~a
~ disease and infestation, to inclnde co~plisuce xith all State regulations aa to
~ dipping, and !ro= the eleaenta; all to be done in a caraf~l and husban~litce
t saauer coaaiatent xith the care and ~afntenance proviciad on other ~ell ~anaged
9 and conducted ranches in thia Sta~te, and to ,arket such cattle in a ayateaatic
~ and buainess like a~ner; provided ft~rther thst npon lailure of the liortgagor
; to tulYy co~ply With at~ or all provisiona o~ th~ abov~e covenants, the hold,er
; or the indebtedneaa secured hereby, in additfon to all its other rights and
reaediea for breach of covenants in thia Mortgsge coatained, and in additioa to
its rig~t, hereby expresa2y given, to declare a detavlt upon the br8ac~h o! ar~y
~ such cov~enant, ~aay, at its option, take anch action as it deeas necesaaxy to
` preserve, saintain and cara for the presiaes, and said holder of auch indebte~nesa
' is her~by given t1~17. rights of in~gresa and egreas to tbe preaises securing this
loan in ord,er to preserve, aaintain and care for such preni.sea ior so long aa
all or eny part o~ the indebte~esa secured heraby is unpaid, and a~r reasca~able
expeaae incurred by it in ao doing ahall becoae part~of the indsbtec~esa secnred~
; hereby, and ahall becoae iu~ediately dne and psyable and shall bear interest at
~ the rate pro~idsd herein for ~atured obiigationa, hor~ever, it is expresaly under-
' atood 8ad~agreed that the holcier of snch indebtedness is nnder no obligatioa to
so do, e~ccept at its rnai e].ectian, aad failnrs on the part ot such holder to
take ar~y action hereunder ahall not constitute a tisimar of ihrther breaches
of such covenanta; it is il~rther covenanted and agree~ b the-$aid aortgagor that
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