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HomeMy WebLinkAbout1846 ~9~951 , ~ : T FIITURE ~ ADVANCES MAY BE MADE AS PROVIDED FOR HEREIN. . ~ St ....Lucie-----•---------...._.. ~ FLORID~ - z-sh.i~-. s~~ la eoo~ideratim ot aod to unue aU ~~s ~a~. a. Ka-Y--~o .Grove , Limited, a limited ~Ke~~e~. ~ « w _ _G.17ll.f.-A~]..~t_l~._._._.._ - - - . ---rroa.~ c~~ w..o.~u~.. t.~a«. ~nd aU ad~aoces tAat ma~ !e ~ade p~ l.eoder to Borro~e~ ~itlia ttentT 7ears (r~r~ ~he d~te ot tYis ao~a[c. wit? iaterest tYtrea~ t~ O~~Va ~~r ~ ~o ~K~ One Million Five Hundred Thousand and No/100-------- nouan 1~-~~ ~ ~ t_~ Q Q 9i. vodc*s~t~d ?as s~anced. ba*~a~ned. wW and ~an~ered. aed e~ thae P*eueb does 4rd7 s~~. ~s+~*. ~dl aud coo~er anto l.ender. iti socns:ors and aui~es. t1e [olb~in~ dncriDed lands in _~l~.~e~g~.._.._.----- ---C.oosb. Block 2, less the East 2210 feet thereof, and Blocks 3 th inclusive, Florida Maid Citrus Groves, z~ throuqh 14 bo - accordinq to the plat thereof recorded in Plat Book 13 at paqe 1 of the public records of St. Lucie County~, Florida. ~ ~ -AND- ~ ~ Beginning at the SS corner of Section 30, Township 34 South, Range 38 East, run North 0°54' 10" East a distance of 1319 .84 . feet, thence North 87°49' 13" West a distance of 320 feet for a point of beqinning, thence continue North 87°49'13" West a distance of 270 feet thence North 0°54'10" $ast a distance ~ i~~ ~ of 806.67 feet, thence South 87°49'13".East a distance of ~ 270 feet, thence South 0°54'10" West a distance of 806.67 ~ ~ feet to the point of beqinning. ~ 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, Florida. (2) That certain Agreement and Easements dated March 1, ~ 1972 and recorded in Official Records Book 203, Page 2539 of said public records.of St. Lucie County, Florida. I~ together with all and singular the tenements, hereditanaents, and appur- ~ tenances thereunta~belonging-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 unpaid, the Borrower aqrees 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, fertilizinq, irrigating and protecting the trees and crops against damage by freezYng 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 mortgaqed property. This mortgage is subject to a first lien to Connecticut General Life Insurance Company, first mortgagee, by numerous mortgage agreements and security agreements. Borrower agrees that in the event of the default on its part of any conditions or obligations to the first mortgaqee or in the event the same is not timely cured that such failure 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 requi=ed, - 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 Ft}ri~nq ~d such default shall be secured by a lien of the mortgaqe and secu'ri~y inteiest claimed by the lender and the lender shall thereafter be at liberty to declare Borrower in default. - a°o~~?31 ~x1795 _ ~ ~~~2 ~i~6 g ~e_~eab~~ „ i , 3 . _ . " - - ,~~~;r - _ ~ T ~ ~ ~ . d.~ ~ ~~s ~Y~±~~~ ~..z.. m .s ' ~ ~`~,K .