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FUTUR~
ADVANCES r1AY BE MADE AS PROVIDED FOR HEREIN.
FI ^:.IDA, . . . ..St....Lucie_ . County.
Ka Two Grove, Limited, a limited
l~ cunsi~kutwa o( aad a sss~ure aU ~=~~s ~.a~eka~ ~__----Y.. _ . P
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t~r~tF.e~ ooe or uare). a _Gulf~A~~.dll.~~C_.. . _ _ . . . Produetio~ Cretie As+«~at~oe. I.e~de~.
and all adrsnce. iau maJ se wde er 1.eoder a Ao~ro.er .iU;o aren~r Kars fr,~s i?c date o! this mwtt~t~. wit? iste~est tAer:w (tlt teal priacioal a~oont
setnred 6ertsy out tu ctcM1 at an7 oee t~me One Million Five Hundred Thousand and No/100~~~~~~~~
l~llan (t 11 5Q0 l.~~Q • ~1~. Uaderai~scd Las [ranted. O~r[ained. wW ud cuarqai. awd Ol tkse Ptescnb does 4ree7 t~t. seU asd
con~cr unto l.eoder, in successws anJ ass+~os. the (olb~iaE dacribcd laads :a . St.r Il~Cle_--------- -•--•('.o~etp• Flondaa
Block 2, less the East 2210 feet th;:reof, and Blocks 3 ~
through 14 both inclusive, Florida Maid Citrus Groves,
according to the plat thereof recorded in Plat Book 13 ~
at page 1 of the public records of St. Lucie County, Florida.
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~ -AND- , ~ ~ ~ ~
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Beginning'at the SL corner of Section 30, Township 34 South, ~
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Ranqe 38 East, run North 0°54'10" East a distance of 1319.84 ~~e~ .
feet, thence North 87° 49' 13" West a distance of 320 feet for p~
a point of beginning, thence continue North 87°49'13" West
a distance of 270 feet thence North 0°54'10" East a distance
of Su6.67 feet, thence South 8?°49'13" East a distance of
" 270 feet, thence South 0°54'10" West a distance of 806.67
feet to the point of beginning. ~
together with all of Borrower's right, title and interest in and
to the following two agreement and easements:
(1) That certain Agreement and Easements dated June 1,
1971 and recorded in Official Records Book 203, Page
2531, public records of St. Lucie County, Florid~:.
(2) That certain Agreement and Easements dated March l,
1972 and recorded in Official Records Book 203, Page
2539 of said public records of St. Lucie County, Florida.
I
I together with all and singular the tenements, hereditaments, and appur-
I ~enances thereunto~~belongins~~or in anywise appertaining and the rents, issues
! and profits thereof. .
For so long as any part of the indebtedness secured by this mortgage shall
remain ungaid, the Borrower agrees to maintain and care for the citrus~trees
and crops located or grown on the mortgaged property, such maintenance and
care to include cultivating, spraying, dusting, pruning, fertilizing,
irrigating and protecting the trees and crops aqainst damage by freezing and
fire, all to be done in a good and husbandlike manner and in accordance with
standard methods of citrus grove caretaking generally recognized, accepted
and in use for citrus groves located in the vicinity of the mortgaged
property.
This mortgage is subject to a first lien to Connecticut General Life Insurance
Company, first ~ortgagee, by numeraus mortgage agreements ar.d security
agreements. Borrower agrees that in the event of the default on its part
of any conditions or obligations to the first mortgagee or in the event the
same is not timely cured that such faiZure to cure shall work an automatic
default of the indebtedness due the lender, and secured by the lien of this
mortgage, and the lender shall have the option, but it shall not be required,
to take such steps as may be necessary to cure any default claimed by the
first mortgagee on behalf of the Borrower, as agent for the Borrower, any
sums of monies or costs incurred in the Gurin~,q a~d such default shall be
secured by a lien of the mortgage and secu'ri'fy inteiest claimed by the
lender and the lender shall thereafter be at liberty to declare Borrower
in default. ,
800x PA~E~~
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