HomeMy WebLinkAbout0627 DEBTOR: John D. Nichols
SECURED
PARTY: The Mutual Life Insurance Company of New York
EXHIBIT "A"
Collateral
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All of Debtor's right, title and interest in and to all irri-
gation and drainage equipment (exclusive of portable pipe and
fittings and unmounted pumps) including, but not limited to, the
following:
453 Detroit Diesel (serial number unknown) and 18 inch -
in and out pump
now or hereafter located on the premises, and all renewals, re-
placements and additions to such equipment.
All crops now growing or hereafter grown on the real property -
described herein, including without limitation, citrus crops,
provided, however, that the security interest in said crops shall
-be and is hereby made expressly subject and subordinate to any -
security interest encumbering crops which come into existence
prior to the institution of. a suit or action in a court of com-.
petent jurisdiction for the foreclosure of the Mortgage and
Security Agreement given by Debtor to Secured Party dated
September 1980 ("Security Agreement"). Any such crop security
interest shall not however be a security interest prior to the
security interest created by the Security Agreement on any crop
coming into existence subsequent to said suit or action. "Come
into existence" and "coming-into existence" shall, for the -
.purpose of the Security Agreement, mean bloom in ~che case of
crops from perennial. plantings and orchards, and shall mean
planting in the case of crops from annual or more frequent plant-
ings. Nothing herein contained, however, shall operate to sub-
' ordinate the lien or security interest of the Security Agreement
~ as affecting trees or other perennial plants but shall so operate
t as to the crops harvested therefrom.
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~ Legal Description
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PARCEL 1: The South 1/2 of the South 1/2 of the South-
west 4 of the Southeast 1/4, Section 9, Township 34
South, Range 39 East, St. Lucie County, Florida.
PARCEL 2: North 1/2 of South 1/2 of Southwest 1/4 of
Sou~tieast 1/4; the South 1/2 of North 1/2 of Southwest
1/4 of Southeast i/4, AND the Southeast 1/4 of the
Southeast 1/4 all of Section 9, Township 34 South,
Range 39 East, St. Lucie County, Florida.
PARCEL 3: The North 1/2 of the North 1/2 of the South-
west 1 4 of the Southeast-1/4 of Section 9, Township
34 South, Range 39 East, St.-Lucie County, Florida.
LESS AND EXCEPTING from the above three parcels, all ~
rights of way for drainage canals and public roads.
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