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IEi~Y E. S6QZN'S SONS, INC., a Florida Corporation
l~w~.tnsfb. cvtta~d dw w~wegopor, eo ~
FIRSf CITItL1S BANIC OF INDIAN RIVER OaINfY, a Florida Badciqg Gorporatian
I~.n.ina/t.r c~A.~d el~. ~ort~g..:
lMfina.~r ~ei Md~ ~ie w~r ' a~t •'rrep~ee" i~ci~ie r1 ir rri~ r~: a~ ar as~
4r •~+~ea ~ a rr _d~~~d 1~e woaaers W a~ 1 eq~~ a/ ~e
iei~is r die Nres ~ws~ ~aa~M i( Me.)
~'Or gov(~ ~ P~fRat)jf l.1DR~~a~Yi~O~. ~ ~r ~ _
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~t~f Q/A! n~w~ ~!t ~n~ ~I/Olll~t/O?y 110~I O' 1l~p1 oW~ eNnlNu/l. {~~R ~~~~w ww!-
- 67 P+~*. ~ns. s~s. a~i~ns, rendses. conwyi ' antj oonf
'vwrs ~nM t~e ~r1~~e J I~e crii ~wj
o` wLtd eb. ~wo.egoAor is ~ww a~is.d and tn pw..~don att.wt. o. Saint Lilcie C..wt~
I'7n.ida. ois:
Tfie NNT 1/4 of Sectian 25, Township 35 South, Range 38 £ast; e~ooeptiAg
therefra~ rights of way for the camty road as mw located alaqg the
North bamdary thereof, and drainage canals.
QJLTNATION CALUSE: And the said mortgagor further oo~~ a~d agrees
or so cmg as a, or any part of the indebte~oess secured hereb~r
rmains ~paid to preserve, maintain and care for t}r utns gra~r~S upon
the above described premises, suc}i care azid ~inta~ tio i.nclude cuI-
tivating, spraying, dusting, pnmin~t, fertilizing, watering. vrate~ctian
against damage by frost and fire, marketing or cra~ps amd n~i,aentin~ of
trees Mhen neec~ed, all to be dor~e in a~usbazd-liYe sa~er aod in
~ accordance with approved methods of grove cultune, pmvided further that
~on the failure of the martgagor to fully co~Iy with ary or ail of the
~:_l pruvisions of the above covenants, the holder of the " s
secured hereby, in addition to all their other rights ~d ~eaedies far
J ~ brea+ch o~' covenants in this m~rtgage contained, and in additian to
their right hereby expressly given, to delcare ~~on the breach vf a~?
~ 1 s~ch covenant, may, at their optian, take sirh actiaa as tbey dees
necessary to preserve, maintain and care for sudz pr+e~ises, for so lang
as alI or any part of the indebtedness secumed he~eby is wpaia, ~d
any reasonable expense incurred by tt~rn in so doing shall bec~a~e part
" a' of the indebtedness secured hereby and shall bec;oae yanediatelP due
° and payable and shall bear interest at the rate pm~vided hereia for
matured obligatians, however, it is expressly u~derstood a~d agieed that
the ho2d~er of such indebtedness is i.mder no obligati~n to 3a so, except
at their own election, and failure an the part of svah bulder to taice
aQry action herewider shall not constitute a waiver of furt~er brraches
~ of such covet~ts; and said holder of such indebtedness is hereb~r gi~
full rights of ingress and egress to the p~mises secui-ing this loan in
"k. ; order to preserve, maintain and care for the premises secvri.ng this Iaem.
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RECETVERStiIP CLAUSE: That in the event that at the begiming of ar at any
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; ~ it, and/or to enforce payment of any claims here~ncier, said ~artgagee shall
apply to the court having jurisdictian thereof for the aQpuintaent of a
_ Receiver, such court shall forthwith appoint a Receiver of said aortgaged
' pmperty alI and singular, including all and singular t~e rents :ncc~e
profits, issues and revenues fram whatever swrc~ derived eac~ au~d every
of ~ich, it being expressly iatderstood, is hereby ~rtgaged as if spe- ~
cifically set forth and described in the graanting amd habadra clauses . ~
hereof, and such a Receiver shall have all the broad a~d effective functi ~
~ and powers in anywise entivsted by a co~rt to a Receiver, ~d such appoint- ~
~i went shall be made by such caurt as an a~itted ec~ity aod a~atter of • ~
absolute right to said mortgagee, and without refe~rre to tbe ad,~quacy ~
~ or vn;~dequacy of the value of the property mortgaged vr tn tbe solve~y or
~ 1' insolvency of said m~rtgagor and/or of the defa~3ants, a~od that such rents,
. profits, income, and/or equity of said mortgagee aad ~e practicr of such .
Court.
~n O~~GIr Y 1n~~pi~ll~y af Taw~
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. o00K P~ ~ ~~uarN TO ~71~
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