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Home My WebLink About0824 ~ ~ i[CUI~/TY AOI~~t?I<NT ICNATTt6 M01~TOA{<I 11AMC0 ~OI~M q UMIFOI~M C06W<RCIAL COOQ llND. ow cow~.1 ~i~~~ •aWw l _ (CNA77EL MOR7~AGE) ~hi8 ~lgrecmert, m•de che 3rd day of October ~g 7? under the l4~vs of the state of Florida , ~QfIU¢ett Fort Pierce Tomato Growers, a Partnership herda called che Deboor ~rhose busiaesa addreas is (if aoae, write "aoae") p~ O. BOX 3030 ~ Fort Pierce, Florida and whose residence addtess ia and SL1I1 88~1k Of St. Lucie COUrity bereia called the Secured Pacty ~rhose address is 111 Orange Avenue, Fort Pierce, Florida . ~tfn888eth: . To secure cbe paymeoc of an indebccdaess io che aawunc o( _~j O~ OOO. Mit6 inteceat. payable a• follows: $50,Q00.00 plus interest due January 3, 1978 as evidenced by s aote or notes of e~en dace-here~ritb. aod also to secute ~ny otbec iadebtedness ot lisbility of tLe Debwr to c6e Secured Partq direcc or indirecc. absoluce or cootinaent, due or co become due, aow e:istina or 6eceaftec uisina, iacludio~ al ~ future sdvances or loaas ~r6ich may be mde ac c6e opcion of che Securcd Parcy, (all 6ereinafter called the "obliaaaons ) Debtor hereby arancs and coo~eys to the Secured Patty a security inceresc io. and morta~es to the Secnred Puc . - ~a) t6e propeaq described io the sc6edule 6erein (hereinafcer called che collatecal), which eollueral the Deboor cepreseots ~nll be used primarily ~ for pcraon~l. family or bousebold paiposes in f~miaa operacions ~ in busiaess ot ot6ec use (b) all prope~rty, aoods and cbattela of the same classes as those ac6eduled. acquired by tLe Debcor subsequmt o~ c6e ezecucioe of t6is aareemeac and prior oo i~s teiminacion (e) all Q~oceeds c6eteof, if mr. . (d) alt increases, substicucions, replacemencs, addiuons and accessioos c6ereto. DEB'lY~R WAl12iR,AN7~ G~OVENANTS AND AGREI~ AS I~LLOWS: To pay and perfocro sll of che obligations secnred b~y~his a6teemeac accor3iaa to ~beir tecros. To defend t6e title to the collacetal aaainst aU petsons and aaaiost all claims aod dem~nds, ~hatsoe~er~ whic6 collaceral. e:cept foc the securicq inceresc granced hereby, is lswfully owned by che Debtoc aod is now free and clear of any aad all liens, securi~y iocerescs, claims~ chuaea, eacumbrances. tszes aod aasessa~eacs e:cept as may be set forth ia the sc6edule. On demaod of c6e secured parcy co do the folbwiog: fnrois6 [urther assutaoce of citle, ezecuce any written a6rcement or do any oeher accs aecessary to effeccuate ~he purposes aad pro~isioas of t6is aartement. e:ecute aoy ~nsuument or state- meoc cequirsd by law or ochen+ise in ordet co perfea. coatinue oc tetminace che security intereat of t6e Seeured Patty in the collateral aod pay sU costs of &Gn in coonecc~on chetewich. ; To retain possession of che co~ceral dnrina c6e e~cisceace of this aareemenc aad noc eo sell, ezchanae. assign. loaa. ~ deliver. tease, moaaaae or otherwise dispose of same wichout che writtm consrnt of t6e Secured Partr. ~ To keep che colla~enl ai the locacion specified in t6e sc6edule aod aot to remove same (escept in che usual course of business tor tcmpotarp periods) wichout the pnot wri~ten coasenc of che Secured Party. To Iceep che collatenl hee and ckar of aU lims, charaes, eacumbtances, u:es and sssessments. Topa y. wLen due. all cues, assessmencs aad licrose fees relatin co c6e collacenl. To fceep c6e collacerat, at Debcor's o~rn cosc and e:pense~ in aoo~repa'u and cmdicion snd a~rsilabk for inspeetion by the Secured Pa~ty at all teasoaable times. To keep the collacenl fully insured aaainst loss by fire, tbeh and ot6er essualties, Debcor shall ai~e immediste w~ciceeo oocice co c6e Secured Parcy and to insurors of loss or damaae to t6e collacenl and s6s11 prompdy 6le proofs of loss wit6 insutors. THE PART7FS FURTHER AGREE ~ ~ai~er of or acquiescence in any default b~ t6e Debtor.or failute oE tLe Secuced Pacty to iasist upon stria perfocmaoce by the Debtor of any warcsntiea ot aareemeota in this sewrity ~ateement. shall aot consucute a wu~er of any subseqnmt ~ or other default or Eailure. - ~ Notices co either party shail be in wrieioa aod shall be deli~ered pecsonally or by mail addressed co the pa~ty at ehe ~ address 6ertin sec forc6 or .xhenuise desiansced ia writina. ~ 'lbe Unifom~ Commercial Code shall ao~ern t6e cia6ts, duties and cemedies of tbe parties and any pro~isioos 6eteio de- clared ia~alid wder any lsw s6all not in~alidace any other pro~ision or t6is aareemenc. F The folbwin6 sh~ll conscituce a default by Deboor. ~ Failure co pay c6e priacipal or aay iusallmenc of principal or of incereac oo the indebtedness or anq naes w6en due. ~ Failure by Debcor co compl witb or pecfo~m anq pro~iston of this aareemenc. False ot mialeadias represencacions or war- ~ rancies made oc gi~en by ~ebtor in eonneccion with chis aaceement. Subjeccion of ths collateral to le~y of execntion or ~ other judicial pcoceas. Commtncemenc of any insol~ency proceedin~ by or aaainsc c6e Dedcor. Deach of t6e Debwr. Any re- duction in cbe ~alue oE the collaceral or aay aa of theDebtor w6ic6 imperils tbe prospect of Eull perfocm~oce or satisfactwn ~ oE t6e Deboor's oblibations 6ereio. Upoo aay default of t6e Debcor aod ac t6e option of t6e Secuced Putp, che oblisacions secatrd by t6is •areemeat s6all ~ immediately become due aod payable in full wicbout nocice ot demaad aad the Secured Party shall ha~e all che ria6ts. tem- edies aad pcivileaes wicL cespect to reposseasion, retencion and sale of the collaterai ud diapoaition of the proceeds u are accoided by t6e wpplicable seccioos of che UniEons Commercial Code tespeccina "Default" Upon any default and upon demaod. Debcoc ahall usemble the collatenl aad meke it a~ailable to the Secuted Patty ~t cne place aad at c6e time desiaosted io t6e demand. Upoa aay dehulc, ~he Secnred Partq's ceasonable attomeya' fees and t6e leaal and ocher e:pmsts br putauws. seatc6ina Eor. recei~ins. iakia , keepina. ~oorin~, ad~ertisina~ and aellina c6e collateal s6a11 be charseable oo tbe Deboot. 'Ibe Debtor s6ail remaia ~able for as~ deficieucy cesulcina from a sale of the coltateal and shall pa~ anr anc6 de- ficieacy focc6with on demaod. [E cbe Oebcor s6a11 defaulc ia che pecEo~maoce of aa~ of c6e pro~iiions of c6is asreemmt on the Deb~oe~s paet w bepa- [o~med. Secured Paap may perform same for c6e Debcor s aeoouot and aay mooies ez~eoded in ao doias shaU be c6aratable wic6 iaceresc to cLe Debcor aad added co the indebcedness ~teaced 6ereby. 'Ibe Secnred Parcy is 6eceby authoriud ~0 61e a Finaactna Sucemenc. eoac 7 8 ~ ~ - ~ _ - - Js= ~i , r