HomeMy WebLinkAbout1388 RECEIYED _ PROPfNi~,
~ pH ~u$g ~C' INl11NGIBlE PE~~
P. I. C. Lo,?N Nu~tass PURSUAN~ SO CHAPIER 71•13~. NCiS Oi ly/l.
pp6ER PORRIIS •
~p~~ pOURT. Si. LtIC1E C~. ~ tf
CLERK "
Florida Mortgage _ :
THIS INDBNTUSE, made Lbis 28t.h dsy ot M81'Ch A. D. 19~lt . by aud between
BEI~iAR'D A. SaAN, D. D. OLIVER, and CAAIiZES N. CAMPBaLL, ~/b?a ~ `
F
PENN6YLVANII a~VBS, a Partnership -
o[ the County ot 3t. Lucie . in the State d Florida. Mortgagor. and hereinatter w designated. ~ad
T~ P~TD~iTIAL IIiSORAI~IGE OOMPANY UF AMERICA
r~n .
a oorporation ot.the 8tate ot Nex Jers~qr hs.?ing iv prinoi~ ot~oe a ehe Cicy at Newark .
8tste ot N@tt: deTBpl . Mortgagee. ead bereindter w design~ted: :
Where~s Mortsagor is juayy iadebtsd b Mortgagee in the prinwpai sum ot- - ONE NII.LION FIVE AOND$~ ;
Taous~?xn.axn ~o/ioo - - - - - - - - - - - - .-(~1,500,000.00) - - - - - - - - non.~.
aa evidenaed by s oertain promissory note ot even dnte herewith, the Snal payment oi whioh ~ due on dUlle 10 .
19 9~t . eieouted by Mottgagor _ -
.
and deliveced tio Mortgagee, d ote being drawn on the ousbmary [orm ot Martgagee. same being Foran No. Comb.
6300 gd~2-63~3C~ .~d by reterenae beiog ma~de s psrt Lereot to the aame eztent m thongh set out in
tall herein. ~
NO~? 7'ffiS INDBNTUSE WI'1'PE99STS, tLat Mortgagor. t,o better aeoure the p~yment of We PriaeiPd sum eet out
in said promiesory aote. and interesL ihereon, snd in oonaideestion thereat. snd [or other valnable oonsiders4oas. ha~ granted,
bargained and sold and by t~heee preeente does gn~nt, bargaia and sell to Mortgagee and to its suooeeeors and ~seigna forever. -
all that eertain paroel or pieoe ot lsnd ~ying und beiog in !he County ot St. I.uC~e _ aad 8tate ot Florida,
more pattiailarjy deeoribed ae -
Parcel 1s ?he B~ of Seetion 24, Tot~ship 35 South, ~n8e 38 8ast;
Parcel 2: All of 9ection 19, Tox~nship 35 Sonth, ~nge 39 ge?st, e~ccept the iollowing
descr3.bed parcel, tc-xits
Begirming 186 feet South of the Northea8t corner of the S~ of Ni~d, run
liest to a point t~hich is Lt25 feet flest of the Bast line of the S~( of _
NM~ thence run North lc81 feet to a point (saae befng 1,025 feet South ;
of the North line of said Section).; thence ntn ~lest lt25 feet; thence run '
Horth 1,025 feet to a point on the North lins oi said Section Mhich is ~
850 feet Weat of the Northeast corner of the Ni~ of Ni~ theuce nin East
along said Section line to the ~ corner; thes?ce run South along the North- {
South ~ 3ection line to a point of beginning. . '
i
i Parcel 3: ~ of NF3~ and Ni~; less the South 1,786 feet thereof, in Section 30,
~ . Township 35 South, Ii~ge 39 East. -
! ~ LffiS AND $LC$PTING froe~ sll the above-described parcels all rights-of-xey for public
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roads and drainage canals. _
Includi~g as part of' the realty all pe~anently installed irrigation and drainage
syst,eaa and equipment, including all pnaps, ~otors, engines, Pnmp houses, tanks,
pipes aad mains, pipelines, together vith all equipae~t necessary for the use and :
operation thereof, nox or hereafter placed on the pree~ises, and ar~y replaceaae.nts or
rene~wals thereof . . -
21. Paragraph (s) (1) of the "Together ~rith" clause nereof is hereby sodified to the
ezte~t that the mortgagor does hereby aortgage, transfer, aet over, aasign at?d pledge
unto the soz•tgagee all citrna cropa no~rand hereafter growing on said pr~aises,
hereby giving and granting unto the mortgagee a first and prior lien thereon, provided,
~ hoirever, that such lien shall be and is hereby expressly aade snb~ect and subordinate
~ to any crop mortgage securing a loan sade by a recognized Production Credit Associa-
$ tion covering any citrus crap ~hich co~es into eaistence by blooa~ prior to foreclosvre :
~ sale or other acquisition of the premises by the mortgagee under this mortgage. A~y
- such crop mortgage shall not, hot?ever, be a li~n prior to this nortgage on a~y citrus
crop coming into bein.g by bloo~n snbsequerit to said foreclosure sale, or other
~ acquisition of the premises by the mortgagee.
~
~ 22. And the said Nortgagor ftiirther covenants and agrees for so long as atl, or any part
of the indebtedness secured hereby remains unpaid to preserve,~maintain and care for
~ the citrus groves upon tbe above deacribed preaisea, such care arid maintenence to ~
~ inctude, cultivating, spraying, dusting, pivning, fertilizi^~, Watering, protecticn
~ against daaage by frost and fire, narketing of crops and replanting ~f trees rahen _
needed, all to be done in a husband-like manner and in accorda~nce ~rith approved
~ methods of grove culture, and agree not to top-xork said groves xithout the xritten
e Tll~s Instrument was prepared by: 0~ ~1Y
~'~;.PH S. WHEATLY, Attorney at Law '~NrC~~
~ u. Box 2130, Jachsomiile, Fla. 32203
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