HomeMy WebLinkAbout1927 ; ,
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P. I. C. Loan Nv~ce~B •
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~14rid.~ Morrg~~e
;~;j ~u~a.u~i~a~; t2,is 21t3~ dsy of Aug~,18t A. D. 65~ by end betwean
A, WORI~'Y SROWN a~xid MARY LOU BROWI~T~ his Kife; J. HYA7R' ~fi~1~ Q sixzgle man;
C~i~~I~S R. SF'~XTON and LI~ANOR G. SF~X'I'~N, hi~ xiSej Rnd DAIE L. TAIB~SRT, JA.
and DOROl~iY A. his ~r~.fe
ot the County of ~d~~ ~~r ~ in the 8ta?te ot Florids, Mortge?gor~ and hereinaf ter so d~ignated, and
THB PRiJlk~1TIAL II~1JRA2~CE CCMPA~~tY OF Al~:~'?XCA
~ aorporation of t~e $t~ste of N@tt ~7eY'89y - h~ving ita prinoipa) offioe in the Ci~p oi I~1G'i~k ~
$t~?~e of Ne1~T Jeraey , Mort~agee, snd hc~reinmiter so deaignsc+ad:
Whereae Mortgagor ie juetly i~debted to Mortgagee in the prinoipal eum ot ~,j,~yeNirie ThO~l188rid Blld
xo/10o-----------------~---~-------------~-~$39,000.00)---•---------~_~_---- now~,
sa evidencsed by a oartain promiseory note oi even dste herewiW, the flnsl paqment o# whioh ie due on j~gnd .
~ ,axeouted by Mortga~or
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~ and delivered to Mortgagee, se?id note being drawn on the oustome?ry form of Mortgt~gee, aame beinFt Form No. Comb=
~ 6,3QQ ~ Ed,lp_55 (sC~ wd by reterenoo b~ing made s psrt hereot to the name eztent as though eet out in
i full herein.
NOW THIS INDENTU]R~ ~i7TN~~9STH~ thst Mortgagor, to better eeaure the p~yment of the ptinoipal aum sat oat
~ in erid promiaeorq note, aad intsreat thereon, and in oonsideration thereat, snd tor other vmtuabte oonsiderations, hae granted,
r~ :ts gu~,ensaors and assigna forever,
bt?rgsined snd sold snd by theee prasenta doee grant, bergsi.n and eeu i,~ ~
; ~il that oertein paroel or pieoe ot la?nd lying aud being in the County ot St• j,uCie snd Stats of Florida,
, more psrti~~y d~eaaribed ss
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PARCEL 4Q~IE :
Zhe ~ouutheas~ c~ne-quarter (S~) of the NortheaBt ~e-qu~arter (I~')
in Seetian 34~ Taa~ship 34 South, Range 39 East. , ,
Arm,
j PARC~L TWO: ~
~ The East on~-hal~ of the East arle-half of t~he S~h~ast
one-9uarter in Sectic~ 3~, Ta~ship 34 South, RanB~ 39
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; Including as a part af the raal.ty al1 penuanently installed irrige?t,ion aud drainage
~ systeme aad equi~ment, inCluding Ql~. pts~ps, motors ~ tng~ne~ ~ puap hauses, tar~ks ~
' pipes and mains, pipelines~ together With all equipmexit necessary ~or the use at~d
a,peratf.an thereof~ nrnr or hereaPter p].e~ced a~ the prem~ses~ aad a~r repLe~c~nen~s or
reneWalB thereof.
21. , Parag~sgh (a) (1) o~ the "Together irith" c].ause hereof is her+eby modi~3ed to the -
extent that the mortga,gor does hereby mortg;sge, ~ransfer, set over, assign aad -
pledge unto the mortgagee a11 citxus cropa notir and hereaf'ter ~cafring an s~id p~nises, _
hereby 8~.vin8 a~d graatia~ uato the ma~ e, tirst and prior lien thereoa~ pravided
hawever, that auch lien eha7~. be aad is hereby express],y me?de sub~ect and subordinate
~ to an~r cr~p mortgage s~~curing a l~an made 'bY a recog~,zsd Pxoduction Credit Associatioon
covering ar~y citr~s crop Which caues i.nto exis~nce by b]ACm prior to foreeloeure ga1~e
or ather acquisi~ioA o~f the pre~.i.aes by the mortEeges under this raorfi,~sge. Any such =
crop mortgage s~ell ~t, ha~uew~r~ be a lien priox to thia mortg~age an s~a`y citrus crop
cani.r~g fnto being by blocro subseguent to aaid ~oreclosure e~ale ~ or other acquisitiae~
~ of the pz~3.aes by the aaor~~gee.
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22. And the said mortg,agor f'1~rt~her cov~ena,nts ana egrees tor so l~g as all~ or a$y ~r't
i of t~e ind~btedness secured hereby ra~ins uupQid to preset•v+e, mainfiain s~nd csre ~or
' the citrus gro~v~es upoc~ the abo'v~e described pre~ises ~ such ~are 8ad maintenance to
~ include cultivatin8s 8P1'4Y~~8, ~~~8, P~B, terti232ia~g, waterin8~ Prate~tian
+ againet deam~age by lro~t a~ad tire~ msrketing oY cro,ps and rep]xuating of tree~ `+hen ~
t needed~ all to be dca~e in a huaband-li.~e m8amer and in accvrd~anae xith m~prav~ed :
i methads o~ grove culture~ end ~gt~e not to t~ap-~ork said ~o~vea ~3.ttiaut the xritt~l,.
~ j cansent orP the ho]~d.er a~ this 1Kortgag~e~ Pravi.d~ed ilarthar that v~pati .the tailure ~ o!
the Mort~gar to ~y c~mply ~ritt~ a~Y or all pravisi~s ot the abave co~v~naat~, the
hox,d~er of the ind~btedness secured hereby, ia additioa to all ita cther ri~ts a»d
ra~aedies tor breach ot ccrvea~unta in thia Mortga~e can~ta3nec~.~ and iu ad8itim to its
ri~t~ h~~eby ea~reas]y giirou, #~o dec],sre a defs~ul.t i~po4n the breach at a~r such
; caversant~ may~ at its vptioc~??1 take such action as it d~?s necessary ~t~o p~reserve,
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(cait~.rn~ed o~ ~everse hereoP) '
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