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~ . THE PRUDEt~TIAI Ic:suRaNCE C0. . - . ~ ~ ~
• . ' ` ~ pi AM[RICA • ~ , ~ '
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~ •~R~OA pCA~ [SiAtC INYtSTMLNT Oif1~E •
O. 007t 21]O
, A,~t!ONYILU~ /[OIi3a1? OQ20i . - _ - .
~ Cator Cr~ves. a f:ene:sl Partncrahip -3- ' Juns 2Si 1976 - ~
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13. At or befors disburser.~ent~ all zeal estate taxes that ca~ ba Qaid and _
all apecial a~seas~ents~ includiag un:natured installments~ must bs~ .
Qaid~ . ' . • , ` ` ~ ? , ~
14. Fire and extended coverage in~urance shalt not ba lasa t??ea a~~aan .
. belox~ ~ • ~ . ~ ' - . • - ' - . . i
~arm Res f dence ~ " ~ $40,000 ~ • ~ ' ~ . : , ' • - ' ~ y - ~
~ ~ Equipment Shed _ ~ 3~500 _ , . . ' - ' ~ " :
IS. Loaa #S IG4 383 to ~e paid in ful1. . , . , : - ~ ~ - _ , ' : ~ '
l6. All perraaaently installed irrigation ~nd drainage equipmeat is to be -
included in the mortgage as part of the iealty, and s perfected sr -
eurity intezest ia to be abtained purauaAt to tha_ U.C.C. _ - • .
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lT. ~n the event of a sale or transfeY of aIl otr aaq part of ths Mortgaged
~Premises, tdhether by opeication of IaW or athezWiae, t~rithout the prior .
s~ritten consent of Prudential~ the entire balance of the indebtedness - - -
ahall~ at the option of Prudential~ be and become immad~ately due aad . •
payable. ~ . . . - _ ' - -
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~ 18, The cnortgage must provide that a sworn iteinized atatewent of ann~tal - . ~
~ income, expenses, and production by varieties must be provided xi.thia ~ ' ~
90 days after the end of each fiscal yeat. ~ ~
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~ 19. Prudential reaervea the right to ba regreseated by couaael of it~ : ~
~ choice in Ft. Pierce, Flarida, ia connection iritb and throughout ~
~ thia tran~ection. The attorney's fees muat be paid by you. ~ . 4
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~ 20. Thia application end any cocmitraent issued is to be canstrued acwrd- ~ ~
E ing to the laWa of the State of Florida and constitute~ the sole - ~
i agreemeat betWeen the partiea es to tesu~s and eoaditioas uader ahiea ~~t~=: ~I
~ -a lo~n will be made. ~ ' < : ~
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At the propez ti,~ne, you should deliver a copy of this comnitment letter to ~
~ the title car.pany oz closing aitorney prudenti8l has epproved~ With in-
y s[ructiens for th~n to forWard an interim title insurance bindez~ aurvey~ ~
~ and ell other necessary docianeuts for preliminary e.xamination and ~ppTOVnl. - -
If all construction, title, a~d prcliminary losa requireznents hava been -
; satiaf~?ctorily complied with, diabursement may then be acheduled ia • -
~ accordence With thia co~:wmitment letter. '
~ t~'hen the closing date eaa ba sc?~eduled~ may we suggeat that you advise our
~ office at the address on the follo~iflg page of ths dste you ~aticipate
~ clasiag~ to facilitate scheduling. . _ - '
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~ ! r_t 254 P~GE ~1 ~ _ .
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