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THIS INSTRUMENT WAS PREPARED 49655
er JAMES K. RUSN i'~7V'7 - /
AND SHO~~ID BE RETURNED TO RECf1YE0 : ~ ~ IN ?AYMENT Of TARE= 1~
~',NDE~SO+d & RUSH DUE 4M CLZ~S 'C' IkT:.'t6 BlE Pr:RSOHRL PROPEAT~. /
?UxSUANT TJ >+.sT:: )1- :4. ACTS OF an
Attorneys al law
P. 0. BOX 2288 E~G~A PLITi:AS
CL:RK q~2LtlIT COURT. tT._IYpE C0..
ORLANDO, FLORIDA 32802 LOAN NO. 79 308 00 -
MORTGAGE AND SECURITY AGREEMENT ~ ~ 0.~
3
THIS INDENTURE, made this 17 day of December, 1979 by and
between MILTON H. HATFIELD, Indiv
dually and as Trustee, herein
called "Mortgagor", and CONNECTICUT GENERAL LIFE INSURANCE COMPANY,
a Connecticut corporation, herein called "Mortgagee".
WHEREAS, Mortgagor is justly indebted to Mortgagee in the
principal sum of TWO HUNDRED SIXTY THOUSAND AND 00/100 DOLLARS
($260,000.00), and has agreed to pay the same with interest
thereon according .to the terms of a promissory note of even date
herewith, in installments, the last of which is due and payable
on the first day of January, 1994, which is the-final maturity
date of this mortgage;
NOW, THEREFORE, this indenture WITNESSETH:
r That Mortgagor, in order to .secure said indebtedness and any
future indebtedness or liability due or to become due Mortgagee
by Mortgagor, as provided herein, and the performance of the
agreements, covenants and conditions herein contained, and also
for and in consideration of the sum of ONE DOLLAR ($1.00) paid
n
by Mortgagee to Mortgagor, receipt whereof is hereby acknowledged,
has granted, bargained, sold and conveyed and does by these
r~~:~~presents grant, bargain, sell and convey unto yortgagee all of
the real property hereinafter called "Mortgaged Premises" lying,
- being and situated in the County of St. Lucie, State of Florida,
_ described as follows:
- Lots 2, 3, 6 and 7 and the West 1/2 c~ Lots 1, 4, 5,
8, 10, 11, 14 and 15 of Block 3, of :~icNURLEN FARMS,
as per plat thereof recorded in Plat Book 4, Page
- 56, Public Records of St. Lucie County, Florida
together with all fixtures and all buildings, improvements, irri-
I gation and drainage equipment (inclusive of portable pipe and
fittings and unmounted pur;~ps) including, without limitation, a
trickle irrigation system composed of various sizes of small
diameter PVC and/or polyethylene pipe plus miscellaneous valves
and fittings and one 8" free flowing artesian well, now or
~ hereafter located on the premises, which are hereby declared to
be fixtures, and all renewals, replacements and additions to such
F fixtures, and all the rents, income, issues, proceeds, produce
and profits of and from the Mortgaged Premises, together with all
the reversions, remainders, ways, easements, servitudes, streets,
passages, rights, privileges, lands, tenements, hereditaments and
appurtenances thereunto belonging or in any wise appertaining,
including specifically and not by way of limitation, all water,
riparian, irrigation and drainage rights, and oil, gas and mineral
rights and royalties; and together with all judgments, awards of
damages and settlements hereafter made as a result or in lieu of
any taking of the Mortgaged Premises or any part thereof under
the power of eminent domain, or for any damage (whether caused by
- such taking or otherwise) to the Mortgaged Premises or the improve-
- ments thereon or any part thereof.
r
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1?iortgagor does further mortgage, transfer, set over, assign,
and pledge unto Mortgagee all crops now growing and hereafter -
grown on the Mortgaged Premises, hereby giving and granting unto
Mortgagee a first and prior security interest therein, provided, `
however,.that such security interest shall be and is hereby made
expressly subject and subordinate to any crop security interest
or crop mortgage encumbering crops which come into existence prior
R to the institution of a suit or action in a court of competent jur-
~ isdiction for foreclosure of this mortgage. Any such crop security
interest or crop mortgage shall not, however, be a security interest
prior to this mortgage on any crop coming into existence subsequent
F