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i~ FLORIDA, St. Lucie ~ph,. O v
~ Alco Groves, Inc. ~ ~ S
li In conaideration of and to aecure all exi.etinB indebtedneea of ~ -
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Borrower (whether one or more), to South Florida
~ i Production Credit Aaeociation, Lender, and all advances that may be made by Lender to Borrower within twenty yeara from
' i the date of thia mortgage, and all renewale, eatenaiona or other rearrangementa of any indebtedneaa secured hereby together ~
i with interest thereon as provided for (the total principal amount secured hereby not to exceed at any one time'Jwn MTT.r.TON
FIVE HUNDRED THOUSAND AND NO/100------------------------- Dollars(s 2,500,000.00
Undersigned has granted, bargained, sold and conveyed, and by theee prEeenta doee hereby grant, bargain, eell and convey
ji unto Lender, its suooeseors and saaigns, the following descsibed landa in St. Lucie County, Fiorida:
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PARCEL 2id0: That part of the Soi:theast ~ of Section 17, Township 34 South, Range %t
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39 East, lying South of Indrio RQad, and lying Westerly of Interstate 95, all lying ~
and being in St. Lucie County, Florida. ;
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AND: ;
! The East ~ ef Section 20, less Interstate 95 right of way, Township 34 South, Range -
39 East, all lying and being in St. Lucie County, Florida. ~
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: . Receive~ $~~-~'Q~ y ~r:Y.
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F'urs~ ~n' To ~`.1.•:. ' ~
RO~~R PCri7.t'•,S ~
Clerk Circuit Court, St. Lu::ie. Co•. Fla,
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~ O HAVE AN D TO HOLD, the said property, togettier with all and aingular the righta, membere, hereditamenta, and '
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appurtenances thereunto belonging or in any wiae appertaining, unto lender, its suoceesors and assigns, in fee simple forever, -
~ and underaigned hezeby binds hunself (itael~ hie (ite) heira, eaecutora, administratora, succeseora and aseigna, to warrant ~
and forever defend said property unto lender, it8 aucc~aeore and asaigne, from and against underaigned, the hein;, executors, j
administrators, succeeaors and assigna of underaigned and all other pereons whomscever lawfully claiming or to clairn the
- same or any part thereof. '
~ ~ The lien of this mortgage shall not be terminated or otherwise affecteci during a period of twenty yeara from the date ~
~ i i hereof by repayment in full, one or more times, of all indebtedneea then outetanding unleae thie mortgage ehall be formally ~
~ releseed or diecharged of record: PROVIDED, however, that if at any time during twenty yexrs from the date of thia mortgage
i there be no indebtedreas outstanding of borfower to lender, and no obligation of lender to make any further advances to ,
~ borrower, lender will, upon written request of undersigned, execute and deliver to nnde~reigned a eatiefaction of this mortgage. i
~ The e~cisting indebtednesa and all advances that may be made hereunder are, and will be, evidenoed by notee, all of which are j
4 hereby eApreaaly made a part of thie mortqage. ~
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