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LOAN NO. 8012400
MORTGAGE AND SECURITY AGREEMENT
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THIS INDENTURE, made this 22nd day of December, 1980 by and
between MILTON H. HATFIELD, Individually and as Trustee, herein
called "Mortgagor", and CONNECTICUT GE~EP.AL LIFE INSURANCE COHPANY,
a Connecticut corporation, herein called "*lortgagee".
WHEREAS, blortgagor is justly indebted to Mortaa~ee in the
principal sum of FIVE ~iUNDRE~ THOJSAND AND 00/100 DOLLARS
($500,000.00), 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, 1991, which is the final maturity
date of this r.iortgage;
idO~V, THEREFORE, this indenture WITN~SSETH:
That Mortgagor, in order to secure said indebtedness and any
future indebtedness or liability due or to become due ~iortgagee
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
by Mortgagee to Mortgagor, receipt whereof is hereby acknowledged,
has granted, bargained, sold and conveyed and does by these
presents arant, bargain, sell and convey unto Mortgagee all of
the real property hereinafter called "Mortgaged Premises" lyina,
being and situated in the County of St. Lucie, State of Florida,
descriped as follows:
7he Northeast 1/4 ZLess the Nor.th 40.5 feet, less
the South 43.5 feet, less the west 25 feet, con-
sisting of Road ann Canal right-o£-way), all in
Section 7, Township 36 South, Range 39 East.
together with all fixtures and all buildings, improver.ients, irri-
gation and drainage equipment (inclusive of Fortable pipe and
f.ittings and unmounted pumps) including, without limitation,
one Detroit Diesel Power Unit, 65 I'F - 36? (no serial number
or model number observed) and Allis-Chalrt~ers Pump, Hodel No. 5488,
GPy - 12, 000, RP:~ 849 located in ~~•imp house on south side of prop-
erty, now or here3fter located on the premises, ~hich are hereby
declared to be fixtures, and all renewals, replacements and
additions to such fixtures, and all the rents, incor.te, issues,
proceeds, produce and nroTits of and from the ~iortgaged Premises,
together with all the reversions, rer.~ainders, ways, easements,
servitudes,_streets, pa~sages, rights, privileges, lands, tene-
ments, hereditaments and appur~enances thereunto belonging or in
any wise appertaining, including specifically and not by way of
limitation, all water, riparian, irrigation and drainaqe 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 Mortgacted Fremises or
any ~,art thereof under the power of eminent domain, or for any
damage (whether caused by such taking or otherwise) to the ;iort-
gaged Premises or the improvements thereon or any part thereof.
n~.w.a • 1•0 ~. aD ~ P.~-,,,em orT~
Du~ On CIMr'~'~ i~~ P~sonel Propetty.
riortgagor does further mortgage, transfer, set over, assign,
and pledge unto Mortgagee all crops now growing and hereafter
grown on the 1-iortgaged Premises, hereby givinq and granting unto
~lortgagee a first and prior security interest therein, provided,
however, that such security interest shall be and is hereby made
expressly subject and sukiordinate to any crop security interest
or crop mortgage encumbering crops which come into existence prior
to the institution of a suit or action in a court of cor,!petent jur-
isdiction for foreclosure of this mortgage. Any such crop security
interest or crop mortgage shall not, however, be a security interest
~ Punuant TO dap~e~ 71.134~ Acq Of 1871.
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s«~x345 ~~~1224
THIS INSTP,'~';.L;iI WAS PREPAREO
eY ~A~~IES K. RUSH
n';ti ~ :'• :U GL r'.ETUR'~FO TO
k~•.:. ~: ..:~~~ & RUSH
~~..t.::r~a/s al Law
P. 0. BOx 2288
ORLANDO. FLQRIDA 3280Z
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