Your dying mimosa has Fusarium wilt (Fusarium oxysporum f. sp. perniciosum)—a lethal, soilborne vascular fungus. It clogs water-conducting tissue, causing rapid death. Only mimics (Albizia) and tree-of-heaven (Ailanthus) are susceptible.
Fertilize with 10-10-10 at 1 lb/inch trunk diameter (scatter, water in) now and next spring. Vigorous trees resist infection better. No fungicide cure exists.
Replace dead mimosa with non-susceptible species: oak, maple, elm, etc. The fungus dies out without host plants.
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