HomeMy WebLinkAbout0089 • C:~RLTO\'~ \1cL;11N
G ti ItL "1'ON ~ B RENPIA 2V j
• • . 1'. O. Box 37i S)
Fort Piec~;c, Florid:i ~
1. ~i. ~AY ~UllBER ~ ~ ~
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TllIS INDENTUgE, niado thi~ 28th day of Decereber A. D. 19 65 , by ar,d beiwcx~n
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~ RU-riAR, INC. ~ a ~'lorida corporation
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of the County of St. L1iC~8 , in the 8tate ot Florida, rlortgagor, and heroinafter so dc~signst~, aud
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TH~ PRUDENTIAL INSU'RAI~iGF COh~AttY OF AM~tICA ~
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a aorporstian of the 3tatc~ of NeK Jersey having ita ~rinoipal otgoe in the City of NBS~TSY'k , :
Stata of i3@YI Jersey , Ttortgagv~e, and hereinsfter so designatad: ~
~Yhareas 1liortgagor is just~y indebtod to Mortgagee in the prinoipal suiu ot ~ w o~ ~ ~
- - - - -FIf'i'Y SIK THOUSANl) APTD ?d~/100- - - -($56~400.00)- - - - - ` - ~ Dotlare, ~
aq evidenoed by a oertain promis~ory note of even dato herewith, the 6na1 paymont of whieh is due on DzCetnbeP 2$ ,
19 exeouted by Mort$agor '
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a d delivered to 1~lortgagee, said note boing dra~•n on tlie oustomtuy form of Diortgagee, sama being Foriu No. Comb.
Ed~~--b3 (SC and by reforence being made a part hereof to the samo extent as though sot out in
full herein. .
NOFf~ THI9 INDENTUIIE W1TNL35~'1`li~ lti8t illoitg&~(~',OC, io bHitE~i sExsurv iiitl ya;yuiisu~ bi uuo yiua'vit,w; o:;::, o.^,;,
in said promissory ttota, and interest thereon, and in considoration thereof, and for other valuable consideratioas, hss granted,
bargained and so[d and by tha,e presonts doc~s grant, bargain and soll to ~fortgsgea snd to its successors and assigns forever,
all that eertain ~arcel or piecse of Isnd lying and being en !he Coanty of St. Zueie and Stata of Florida,
more partia~larly described sa
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'll~e ~outh orie-hsii (52} oi tii~e ivorL'neas~ viic-yu~i-~esi- ~:L'~~ S2etx~: 1!~~ T~~~srir
36 South, Ran~e 38 East, Exceptin~ therefro~a a7.1 rights-of-way for public road~ ~
and drainage canals.
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?ncluding as a part of the realty aIl perma,nently inatalled irrigation systems and =
equipment, including a11 pwaps, motors, engine~, pump houses, tanka, pipes and mains, q
pipelines, together with alI eauipment necessary for the use and o~eratian thereof~ ~
ncw or hereafter place~ on the gremi.see, and any replacements or renexals thereof.
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21. Paragraph (a) (1) of the "Together With" clause hereof is hareby modified to the =
, extent that the Mortgagor do~s hereby mortgage, transfer, set over, assign and
pledge unto the Mortgagee a12 citrus crops noW and hereafter grotiing on ~a~d pre-
mises, hereby giving and granting unto the Mortgagee a first and prior lien there-
on, provided, ho~rever, that such lien shall be and is hereby expressly x~ade sub~ect
and subardinate to any crop iaortgage securing a loan made by a reaognized I'roduction
Credit ~lssociation coveri.ng any citru~ crop Khich co~es into existence by bloorn
prior to foreclosure sale or other acquisition of the premises by the ~or~gagee uader
this mortgage. Any such crop martgage shall not, hoxever, be a lien prior to this
mortgage on anf citrus crop caming into being by bloom subsequent to eaid fore-
. closure eale,, or other acquisition of the pre~aises by the Mortgagee.
22, And the said Mortgagor Purther ~ovenants ~nd agress for sa long as all, or any
part of the indebtedness secured hereby remr~ins unpaid to preserve, m~intain and
care for the citrus groves upon the a~ove described premises, sueh car~ and main-
tenance to include cultivating, spraying, dusting, pruning, fertilizing, ~r~tering~
prot,ection agai.nst darnage by frost and fire, ~.arketing of crops and replanLing v.~
trees xhan needadt all tfl be done in a husband-like manner and i.n accordance with -
approved methods of grove cultux~e, and agree not to top-KOrk Said grove~ ~rithout
the xritten consent of the holder of this martgpge, provided further that upon the
failure of td~e Mort:;agor to fully comply ~ith sin~t or all providions of the above
} covenants, the holder of the indebtedness s~cwred herebv, in addition to all ita-
~ other rights and remedies for breach of covenants in ~his r~artgage contained, and
in addition to its right~ hereby expressl,y given, to 3eclare a default upon the
breach of anf such covenants~ ~ay, a~ its opti~n~ ~~ke auch action as it deaems
neceasary to preserve~ tnaint,sain and cPre far ~the premises, and said holder of such ~
ir~debtedness is h~:reby given full rights of ~~gress and egress to the prem~sea
securing ~his 7~nar? in order to preserve, mairttai.n and care for su~h premi.~es ~gr
so long a~s.all ar any part of the indebtedness secured hereby is unpaid, ~ud -
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s (Gontinued on reverse side hereof.)
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~oaK 135 . ~ - .