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Home My WebLink About27585139'7'7 MORTGAGE DEED AND SECURITY AGREEMENT THIS MURTGAGF. DEED (the Morteage), dated as ot , 19 ~~, by a~nd betwern Hopeland Planting Company, Inc. , A Louisiana Corporation (herein~fter ci~lled MortgHgor) nod Sut1 Bdnk Of St. LuCi@ COUnty ~ having an o((ice at 111 OY'ange Avenue, Fort Pierce, , Florida (heminatter c~lled Mo~tgt~gee); WITNESSETH, that in consideration ot the premisea and in order to secure the payment o( both the priocepnl of, and i~terest and any other sums payable on the note (as hereinatter defined) or this Mortgage and the performance and ob- aenrance ot all ot the provisions he~eot and ot said note, Mortgagor hereby stanta, sella, warranls, aliens, remises, releHSes, conveye, Assigns, transtera, mortgagea and sets over and contirms unto Mortgagee, all of MortgaRor's eatate, riRht, title and intereat in, to and under all that certain mal property situatein St. LuC~e County, Fioridn more ~u~rticularly described as (ollows: Beginninq at the SW corner o~ the E~t of the E~ of the SW4 of the SE~tj thence run North along the Nest line thereof 520 feet; thence run East paral~el With the South section line 800 feet to a point; thence run South 520 feet to the South secti~n lfne of Section 26= thence run West 800 feet to the point of beginning; less rights of way dedicated or in use for canals or roads,~being in To~wnship 34 South, Range 39 East, St. Lncie County, Florida. RECflYEO i a Q O.~I ~ tN ~AriENT OF TA~ THIS IS A THIRD MOR'PGAGE. Q~E ~~St 'C N1iANGlBLE PER501U-L -ROPERTY. PpRSUANT TO CHAPTEi fl-1?~, ACTS OF N/1. ti06E1t P31t~ R~ CLEI~ CIRCWT GO~~T. ST. WGE C0, FiA.~~- T(~ETHER W[TH ali impn>vements now or hernatter located on s:~id real property and all tixtures, appliancPS, ap~~aratus, equipment, heating :ind air conditioning equipment, machinery and :~rticles of peraonal property and replacement thereof (other than those owned by lessees of said real property) now or hereafter nt(ized to, att~ched to, placed upon, or used in any way in.connection with the complete and comfortable uae, occuj~.~ncy, or operation ot said rea) property, :~II licrnses and permits useci or required in connec•lion with. the use of said real property, all leaaes ot said reTl pro~~erty now or hereatter entered into and ~II right, title and interest of Mortgagor thereunder, including without limitation, cash or securi- lies de~osited thercunder pursuant to s:~id leases, ~nd ~Il rents, issues, pr«reeds, and profils accruing (rnm s:~id mal property and together with all proceeds of the conversion, ~•oluntary or involunlary ot any o( the (omgoing into cash or liquid:ded claims, including without limitation, procc~ls o( insurance and condemnation awards (the foregoinR s:~id mal pro~~erty, tangihle and intangible personal pro~-erly hemina(ter referred to as lhe Mortgaged Propetlyl. Mortgagor herehy Kra~fs to 111origagee a sctiurity inlerest in ihe (oregoinR describecl langible and intanRible ~iersonal property. 'I'n HAVE AND TO HOI.D the l~tortgaged Yro~~erty, together wilh al) and sinRular the tenements, hereditaments and appurienances thereunto Fx+longing or in anywise ap~~ertaining and the reversion and reversions thereof and all Ihe estate, right, title, interest, homeste:~d, dower and right of dower, separ.~te esl:iie, possession, claim and dem:ind whafsoever, as well in law as in equity, of Morlgagor and unto lhe s:ime, :~nd every part thereof, vcilh the ai~purtenances o( 111ortRaRor in and to the s:~me. .~nd e~•ery (-:+rt and ~kin-el thereo( unto hlortRaRee. Mortgagor warr~nls th:tt it h:~s a good and m:uketaible title to an indeteasible (re ~~tate in the A1ortR:iR~~c1 Ym~~crty aubject to no lien, charKe or enc•umbrancr except such as Mortgagc~ has aRrerd tn :icir~~t in w•ritinR and A1ortR:~gor ~~oven:~nts that this MortRnge is and will rem.iin a valid and enforceable first mortRaRe on the Alortgaged Pmperty subject only to the exceptions herein provided. MortgaRor has tull ~~ower and law(ul authorily to moHRaKe the MorlgaRed Pro{~rty in the m:~nner and torm herein done or intended herea(ter to t-e done. MortRagor will prnserve such title and will torever w•arrant and detend the s:~me to I~torfRagee and will forever warr~nt ~nd detend the valirfity :~nd priority ot the (ien hereot aKainst the ~•laims of :ill ~~ersons :~nd Ex~rties whomsoe~~er. MortR:~gor will. .~t ihe cost ot Mortqagor, and without ex~~ense to Morl~aRee, do, exe~•ute, acknowledRe and deliver :dl and e~•ery su~h turther acts, deeds, conveyances, mortgaRes, assiRnments, notices of asgiRnment, transfers :~nd as.~ur.~n~•es as MortRaRee shall (rom time to time rNquire in order to preserve the priorily ot lhe lien of this MortRaRe or to (:~i•ilitale the ~~er(ormance of the terms hereof. YROVIDF.D, HOWEVER, that it MortRagor shall pay lo MortRaRee th~ indebtedne:~ in the principal sum ot S lnp,'~6R_ ~4 ~s evidenced by that certain promi~ry note Ithe Note1, of even date herewith, executed by MortQ:+gor and ~~yable to order of Mortgaqee, with interest and u~wn the terms as pmvided therein, and together w•ith ~11 other sums advanced by MortRaRee to or on behal( o( MortRaRor pursuant to the Note or this Mortg~Re, the tinal maturity d~~te of the Note and this Mortgage F-eing •Tan»ar~ ~~~ ~99~ , and shall perform all other co~•enants :ind ~~onditions af the Note, all of the terms u( which Note are incor~wrated herein by mternnce as though set forth (ully here- in, and of any renewal, extension or m~xlification, lhercY-f and of this A1ortRage, then this Mortgage and the P3I:i~P hereby ~•matecl shaU cease :~nd terminate. MorlRagor (urther com~enants and agrees with MortR~gPe :is follows: ~s-d3~ ~~ 3- -~`~a/ - ~ ~ 7y ~ - iso .!~ o 13' l S~'b~ l. 'i'o pay all sums, includinR interest secured hereby when due, as pro~•ided for in lhe Note and any renewal, extension or modificetion thereof and in this MortRaRe, ~11 such suma to F-e ~~.-~yable in I:~veful money of the t-nited Statcw ot Ameri~-:~ at MortRaRee's afores:~id prinripal oftuce, or at su~h other place as h1orlRaRer m:~y desi~nate in writinR. 2. To pay when due, and without requirinq any notice trom Murlgagee, all taxes, assessments ot any ly~~e or nature and other charges levied or asses.ged againsf the Mortgaged Properiy or this h~orlgage and produce receipts there(or u{wn demand. To immediately pay and discharge any c•laim, lien or encumbrance against the Mortgaged Property which may t-e or f~erome superior to this Mortq:+ge 1nd b permit no default or delinquen~y on any other lien, encumbran~•e or charge aRainst the Mortgaged Pro~~erty_ 3. If required by MortgaRee, to also make monthly de{wsita with Mortgaqee, in a non-interest t-earing acrnunt, to- qether with and in addition to interest and ptincipal, o( a sum equal to one-tweltth of the yearly tazea and as~essmenla which may be levied againat the Mortgaged Property, and (i( so required) one-twelfth ot the yearly premiums (or inaurance thereon. The amount o( such ta:es, assessments and premiums, when unknown, shall be estimated by btortgagee. Such de~osita shall t-e used by MorigaRee to pay such taxes, assessments and premiuma when due. Any insu(ficiency ot such ~H1S tNSTkUMF"IT PF~-'~Ar}' 5~:: t;~nk ot S~ luc+e ~. ~ ~~y S. Troy. : _:~rY PtlAtc. ~ :~~•,:~ l~r ;::~~t!! =Ec =-~~ ' -~- i-r i,!1!1K~ ~'~~