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Home My WebLink About1802 U~ sn Q 1~/i~., ! ~ ~ ? , CORPORATION py~u~t To Cw~e1ca rt•t3~. ~l ~ : r ~R~ ' r cernuc c+r~ccwt oou~n~ st tucE ao. s~~.~.~~ AI~O RTGAG E 7'Ha Moarwca, dued tbe 3lst dar d December ~ n. br •m MAGGIE GROVES, INC., a Florida Corporation, SUN BANK OF COCOA, N. A. hcreinafter calied the Mortaagors, and . Cocw, Fbrida. a national banking associ~tion under the laws of the United Stata oE Amvica. 6acinattu cattecl the Mortaa6ee, WmvsssrrH, that for diven 6ood u~d vdwble considerarions. and also in consideration of t6e a~reaate sum named in tlie promissory ~te hereindter dacribed. the said Morta~ors do bereby srant, bar~ain, sell, alien, remise. releas~ aanvey, and eon- firm unto t6e said Monasaee, all that artain pieoG or~ct of, land oF wrhich the said Mort6asors are now seized u?d posses~ed and in ~ctual posxssion, sitwte in the County oE ~t . LUC le ~nd State of Florida, daaibed u foUo~va: Commence at the SW corner of Section 10 in Township 37, South, Ran 37 East, in St. Lucie County,_ Florida, and running thence North 0°25' East lw~~ West line of said Section 10 a distance of 2496.0 feet to an intersection with the center line of Bluefielci~Road (County Road); run thence South ZZ°13'30" East with said center line a distance of 639.68 feet to the ~oint of beginning; run thence South 22°13'30" East a distance of 515.12 feet with /~nter line of said BiuefieldsRoad to a point. Run Thence South 35°36'50" East with said center Iine of BluefieldsRoad a distance of 3204. 85 feet to a point which is also an intersection with the property line of land presently owned by Mr. Philip Inglehart. -Run thence South 59°06'10" West with said pro$erty line a distance of 2776.4 feet to a concrete monument; run thence North 35 34'50" West a distance of 3508.9 feet to a concrete monument; run thence North 54°35'50" East a distance of 2776.4 feet to a concrete monument ; Run thence North 65°28'50" East a distance of 110.05 feet to an intersection with the center line of Bluefielc~Road which intersection is the point of beginning. Contains 231.4 acres more or less and being subject to the following easement, An easerrent in perpetuity ~ for county road purposes over a strip of land 50 feet in width lying West of, parallel and adjacent to the following courses in the above description; South 22°13'30" East a distance of 515.12; South 35°36'50" East a distance of 3204. 85 feet. * Upon payment by Mortgagor of at least the sum of $300, 000. 00 towards the principal ! indebtedness hereby secured on or before March 1, 1974, Mortgagee agrees to sub- ' ordinate its Mor[gage to a first mortgage. i Mortgagor further agrees that all income derived from the above described property ; is to be either invested in improvements thereon, or maintena~ce of said property or applied to the debt hereby secured. The Mortgagors hereby agree that the citrus grove on the above described property will be properly maintained, fertilized, harvested and cultivated for so long as any sum is due and owing to the Mortgagee or its successors or assigns under this mortgage and upon failure to comply with this provis nn, which failure shall be determined by the Mortgagee in its sole discretion, such failure shall constitute a default hereunder. Together with an easement granting the right to expell and drain excess surface water over and across Section 15, Township 37 South, Range 37 East. To6ether with all structures ~nd impravemmts now and hereafur on said lend, and Ei:tures attached thereto, ~nd dl rentt, issues, Froneeds, and profits accrui~ and W accrue (rom said prcmises, dl of which are included within the fore6oin6 dacription and the~habendum thereof; ~Lso all 6as, steam, dectriq water and othv h~atin6, oookina, rdri6e~atins, liahdnE, plumbin6, zendl~vnb irriEatin~. and power systems, machines. ~PPlianoes~ fuitures, and appurtenanees. which now are or may hereafter pertain w, or be used with, in, or on said premisa, even thouah the~ be detadKd or detachabla " To Hnvt nrm To Ho~ the ume. toartl~er with dl ~nd singular the tenemmts, herediatmmu and appurtmanas tlweunto belonEina or in anywise tppertainina. and the revenion and reversions, remainder or remainders, renu, issues and proFiu the~. and al~o oU the atate, riEht, title, intemt, homauad. dow~a u~d riEht of dow*er, separate estate, posseision, daim and danand whatso- ever, u wdl in law u in equity. of the said Mortaaaars in and to the sune, and rvery part themoF, w~ith the appurtmances of the said Morta~aon in and to the same, and every Qart and parcel iheroof unto the said Mortaaaee in (ee simpla Md the Mortaason hereby covenant with the Mort6a6ee, that they an indefeasibly seized oE said land in fa simple; that the~ have (ull power and lawful riaht to convey the same in Eee simple u Joresaid; that it shall be law(u) [or the Mort~ee. at all times peaaably and quietly to mtu upon, hold, occvPy and mjoy said land, and every part thaeol; that the land is and will ranain free irom dl mcumbranoa; that said Mortsa6ors wiU make such further assurances to prove the fee simple tide to said land in said Mort6a~ee as may be rcuonably required. ud that s~id Mort6aaoa do herebr fully ~vurant the tide to said land. and every part thcreoF, and will defmd the same aaainst the )awful daims of all persons whomsoever. PROVmm, Atw~n, that if the Mort~aaon sha11 pay unto the Mort6a6ee the indebtedness to Mortaaaee in the principal sum of S4~ ~0_Qn as evidrneed by that artain promissory nou of ev«~ date here~vith, esecuted by MAGGIE GROVES, ~C. , a Florida Corporation and payable to the order of Mort6a6ee, w~ith interest and upon the terms as providtd therein, the final maturity date of which note and of this mort6aEe ~~n~ December 31 ~ 19 74 which note provides tlut all installmentt of principal and interest ue payabk at the ofCice of payee. Cocoa, Fbrida, or at such other place u the holder may desi~ate in writins, and that each maker and endorser agea to pay d1 eoau of eollection. includins a reasonable attomey's fee, upon defauit in the payment of said note, and that ef default bt made iri the payment oI any installmer?t thereunder and that if such default is not made aood in accordance with the terms of said not that entire c~ 224 frL.~.$~l~ ~ t ~ . , ~ ~ I 'x y^ ~ a - ~~~r~'~r` .!"e ~ ~ ~ `7a 3. .~:r~~~..-:cl~~ ~ ~."r~.g°. ~°'x Ja ~ p ~ ~ ~ .,~"~a.sr •:...r's`~ ~Z'`. st.~-~. =~d~ `3'' ~i