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To p~~c+ ~nd tonNnuously kNp on tM buifdirvps raw or hue+N~r ~iiwU on ~aid I~nd ~nd on ~II equipmmt md p~non+lly covaed by thit martg~
' p~, wi?h dl pnmivm~ tMrwn p~id in tull, fi~e imurmce in tM u~ual ~tandard polic~r farm, in ~ sum ~pprowd by tM MORIGAvEE, ~nd winditam
lrqinx~e la tM wwl a~mdard poGcy fam, in a ium approved 6y the MORTGAGff, in tuth compmy or comp~niM a the MORTGAGfE mey
dintl7 md +11 fin md wind~rorm irn~nnce policie~ on eny of seid b~uildinya, aay inte~e+t therein or p~h tiw~wf, io iM ~qgrop~t~ ~um ~fqtuid o~ ~
' Ih ~~tMt tMnof, thdl conhln th~ utwl titmdKd mongagee clame a such other cl~use ~s ihe Matp+gee m~y requ~r~, m~ki~q the ~ou under i~ld polF
tiq, Nch md ~wr~, p~y~bie to uid MORTGAGEF af it~ imere~l may appe~r, ~nd ach and evary wch polky thall be promptly aiiyned and delivered to I ~
my Mld 6y 1+id 1NORTGAGEE n furlMr ~aturiry to wid murtqaq~ dabL md, not I~W iMn ten (lU~ dayt in advance o1 the expirofion of each policy, ~a dr
llwr ro uid MOkTGACEE ~ nnew~l tMnof, fngerhe wi~h a receipt for the prrmium of such r4newd, ~nd ~hen shall t» no fira or windaw~m iruur~na I :
pl+ad on ~ny of aid buildirgi, eny intere~t therein a peri ihereol, u~leu in ihe torm and with the los~ pey~ble a~ +fa~said; ~nd in th~ evant any wm ~
o~ mon~y 6aanK p~y+W~ undK tuch palicy a poticias uid MORTGAGEE shall hava the option Io rxeive and apply ihe s~me oe account oi t~e indabted• ~
nKt Ncured Mr~6y a to ptrmit uid AAORTGAGORS to reteive and ufe i1 ar any part thereof iar other purpose~, wi~hou! thereby waivi~~g ur ~mpair
inp ~ny puiry, I'hn q rqhf wid~i or by viAw of thit mortpiqe; and in iha avent a~d MpRiGAGORS ~hal! fw ~ny rea~on fail to keep the said premise~ ao
Iruund, a f~N to delivtr pompdy ~ny of aid policie~ of insur~ncs ro uid MORTGAGEE, a lail promplly to p~y fully any pramium iherefar or in any
raput f~i~ fo prrform„ diuhuqe, aavt~, effetl, compl~te, tamply with ~nd ~bide by thit covenant, a any put herwl, wid MQRiGAGEE may plsce and
P~Y ~rovraK~ a x~y p+rt lhxeof witho~t w~ivinp or ~ffedirp my option, li~n, puity, or ripht uoda a by virtw of thi: Man9aye, and tht
full ~mount of ath ~nd ~wry weh p~ymtm ~tull 6~ immedietely dw ~nd pay+bl~ md ~lull bur inhra+t from th~ d+te thercof until paid ai the r~te oi ~
nin~ p~r ctntum p~r ~nnum ~nd toyether with wch interesr thall be securcd by tht li~rt of thla mortyage.
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To p~rmit, cpnmit a wffu no weste, imp~irmont a deterionrion of aid properry or any pert thereofi. ~
~ S. To pay ~ll ~nd singolu tM to~y, charpei ~nd expsnus, inciuding a rrason~ble attorney'e fee and costs oi ebstreds of tit~e, incurred or peid at
•ny time by wid MORTGAGEE, 6ecau~e a in fha evmt oi tha failure on the pert of tM said MORTGAGOR ta dvly, promptly end fully perform, diecharqe.
u~tuN, ~tfett, compleh, tomply with md ~blde by ach md ewry the uipubrions, yrremenrs, conditions, and covenam~ oi said promissory note and ehia
mafg~pe +ny w~irher, ~nd wid twb, tMrgn end expensee, e+ch and every, shall b~ immedia!ely due and p+yable; whether or nm ihero be norice do-
m~nd, ~ttempt to coilM or fuit pending; ~nd the full amouN o1 eeth and every suth p~ymem shali bear interost from t~a date thereol unfil paid nt the I
nte oi nine per tentum per snnum; ~nd all said tostti, chargec end expense~ incurred a paid, togsther wrth such inter„t, ~hall be setured by the lien of thi~ I
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6. TM! in tM avant of ~ny breath of thit Mo~tpege or deiault on the part of tne MORTGAGOR, or (6) in the event any of said ~um~ of money ~
Mn1n rrf~rnd to be not promptly and lully paid within lhirty ~30) days ~ext after the same sevzra!ly bacome due end payable, withoul demand or notice, ~
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or (cJ !n the ~wnt ~ach ~nd avery the stipularions, agreemems, conditions and covenants af ea~d promissory oote and thls mdrtgage any or either ere nol ~
~uly, promptly md fuliy perfamed, discharged, exxuted, e}fected, comple~ed, complied with and abided by, then in either w my wth event the taid ~q~
prey~h fum m~ntioned in iaid promis~ory note then remaininp unpaid, with interest accrued, and all moneys utured hereby, lhall become dua and pay ~
~bl~ forthwilh, or tMreafter, et 1he oplion of ~aid MORTGAGEE, ~s luily and completeiy a~ if all of the said wm~ oi money were aiginally itipu+ated ~
to be paid on iuth day, enythinp in said promissory note or in thie Mortgage ro the contnry notwith~undinq; and thereupon or there+fter ~t the option of I
pid MORTGAGEE, withoot notite or demand, suit at law or in equiry, therefore or thereafrer begun, may be pro~ecut~d u if all money~ ~etvrad hereby i
h+d mnund prior to ib irutitution.
Thaf in the svent th~t ~t the beginning of or ~t any time pending any tuit upon fhis Mortgage, or to io«elos~ If, or to refarm it, or to enforc~ ~
p~ymeM of ~ny tl~im~ herevnder, uid MORTGAGEE thall apply to the Court having jurisdidion thereoi for the +ppointmeM nf e Receiver, fuch Gourt shell ~
forthwith ippoiM y receiver Of sei~i mortgaged praperty all and singular, indud~ng ali and singular the income, proiirs, iuue~ and revenue~ lrom whatever '
wurce derived, each end wery o~ whlth, i~ beinp expressly understood, is here6y mortgaged at if speufically ut }orth and dearibed in the g~anting and ~
habendum clause~ hereoS, ~nd suth Receiver shall have all the broad and effective funct~ons and powers in anywise emrusted by ~ Cowt tQ ~ Receivr, and '
tvth appointment thall ba m~de by suth Court a+ in ~dmitted eqoily and n m~tter oi ebsoluk rigM to said MORiGAGfE, and without referen~e ro ihe ~
~d~quaty or inadequaty of the velue of the property mongaged or to the solver,cy or insoiventy of said MORTGAGOR w the defendiMS, and that such j
rentt, profib, income, issues end revenues sha~l be applied by such Receiver according to the lien or equity of uid NIORTGAGEE and fhe pratli~e o1 euch i
Coun,
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9. To duly, promptly and fuily perform, discharge, execote, effect, compiete, camply with and abide by each and avery the stipulatipns, agreementt, ~
condiYam and covenmra in said promiuory note and this mortgage set 4o~iM, '
9. Th~t fn ihe event the owncrship of ihe mortgaged premises, or any part thereof, bec~mes vested in a perwn other than the MpRTGAGOR, the ~
MORTGAGEE, ih wcceuas and auign~, may, withoul notice ta the MORTGAOR, deal with such wccestor or wsces~or in intereyt with rtference to this ~
mortp~pa end the debt hereby secured in the same manner as with Mortgagor witMut in any way vitiating or discharging ihe Mortgagors' liebility herr j
under a upon tha debt hereby setured. No tale oi the premises hereby mortgaged and no farbearonce on the part oi the MOR'fGAGEE or its successon
or a~sipns and no eztens~on oi rhe time for the payment of the debt hereby seared given by the MORiGAGEE or it~ wccessore or assigna, ~hail operate I
to nfexse, diitharge, madify chenge or afiecf Ihe original liabll~ry of the MORTGAGOR he~ein, either ~n whoie or in part. I
10. It i> >pecifitally agrced that fime is of the essence of this comract and fhat no waiver oi any o6ligation hereunder or qf Ihe oblipetion ar ;
cured heroby ~hell at any time thereafler be he~d to be a waiver of the terms hereof or of the instromem secured herby. ~
1l. In addltio~ to the farego:ng monthly paymants of princ'pal and interest reqdred by ihe piam~ssory no~e scrurad hereby, mortgagor covenants
and agree~ to pey to mortqagee Kith each monrhly payment an addirional sum es~lmared by mortgagee to be equal to lj'12 of the annual cost of the follow• j
inq:
A-All reel properry taxes levied er assessed agaiost the above descrihed real esiat~. ,
6-Premiurns on fire and windstorm insurarte as herein requ~red to be cairied on ihe improvementt sftuate on the ahqve de5crl¢ed~ptemisa, ~
C-Premiums on such martgage guaranty insurar,ce as mortgagee sha(! from t:me to time deem 1it fo carry on the ioan secu~d~te~y~~~~~,, '
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Mortqagee shall from time ro rime notify mortgagor ;n writir.g af the amou~t due and payable hereunder and such sum sta~l ~he~eypon be jiu,e~~end ~ !
pay~ble on the due dare of rhe next monthly paymem and each succeszive momh thereafter ur,til morlgagee shall notify monga~d? j'~i~~h$n~ ilf ~U~I? i
amount. Such sumt shall be applied by mortg;gee taward the payment of rea! property taxes, insurance prem;ums, and ma)g~'~e~ g~panfNyr~surqhFoe~'`~ c i
premiums. ; .y . ~r ~ ~ ~ ,
IN WITNESS WHEREQF, the said MORTGAGOR has hereontc set his hand and seal the day and year firat aforesaid. ~i r d , ~
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Sa end liv ed in fh~ prosente of: w'' :,ry ~
Riv r Citrue ~t~'~~ ~ ' ~ ~
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STATE OF FIORIDA COUNTY Of ST. IUCIE
I HEREBY CERTIfY, That on this G' ~ day of Oc tOber A.D. 19~, M
before me personally appeared ~ob F. Shaw a~~ _ MaPy Jeanette Sht~w
respectively President and Secrotary , of
River Citrus. Inc. F'lorida Corporat(on, to me
e r~i ;
, known to bs the persons described in and who exetuted the foregoing instrument, and severally eck+icwf`er,~e~l.the.,~ft~~
~ cution thereof to be their frEe act and deed as such officars for the uses and purposes therein mentior~±~',a'r~d~t~iat fhey.:' ~
affixed thereto the officiaf seal of said cdfpat~tion, and the said instrument is the act and deed of sai~, ccKpor~atfpn.
WITNESS my hand and official seal~Fort Pierce `
~ , said county an stats." ~ ~'1 0 t~ ~
~ _----f°
'`~,,,~a~~;,,,~ , Notary Public, in and for State and County afbre aid"'
~t~ .1`~; ~ ~ My Commission Expidlotary Pub!!c, State ot F'lorida et Larpe ,
~ p~ 3,{~,, ~r'~ ~ My Cornm3> o~ cx;: r~5 ,JOV. 3, 1455 I
: r~,-~ ~ . 9orded uy iunerc,a;1 $Uf:ij 1.0. G, i~.
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