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To plaw and contLwou~ly kcep on tM bui;dinps ~ow a FwKeafia sitwt~ on said I~nd ~nd on ~11 puipnw~M ~nd p~~~onaity covK~d M1 ~~b' '
p~, with di p~miums therwn p+~d in full. fi~s iniur~nce in the usual stand~rd policy torm, in ~ swn appowd rY /1N MORTGAGEE. Md wind~torn~ ;
inwnnc~ in tM ~wal stae~dud polky f~m, in a ~um approv~d ty th~ MORTGAGEE, in wd~ canp~nY or ao^~P+niK tM MORTW14fE m~y t
dinctt ~nd ~II fi~~ ~nd wind~w.m Inw~ance polK~es on ~ny of said buildinpa, ~ny IntK~st tiw.~in a p~rt tMnof. in tIN pprs9aM wn? 1~pM~id Or j
In axps~ ther~of, ~hall contstn ~M uswt standard mafgage~ clsuse w wch aMr divs~ +s ~M MapaqN maY nquih. m+kinp 11w bw w~ u~d Po~E
cde~, tach and wMy. p~Yabl~ to aid MORTGAGEE ~ts inurest may ~ppsar. ~nd cach and ~wry wch policy sh~ll b~ promptly ~ss:9md and d~livK~d ?O
~ny Mld by s+id MORTGAGEE as fur~her secvrity to said mortgags debt, and, eot less thar? Mn (10) dap advuia of th~ ~Yp1~aYwn of Nch polity. 1o dt
liver ro s~id AAORTGAGEE a rtnewal thereof, fogstMr with a rece~pt for ths pnmium of wcA renewalj and thK~ sFwll b~ no fut a windttam leywanu
plapd on ~ny of aid build'irg~. ~oy interesl the~e~n or part thereof, voless in tM twm ~nd with tM IoW pay~bl~ a~fonsaidj and Jn fir ~wnt ~y wrn
of mon~y bsca~a payabl~ w~ wch poticy or poltcies said MORiGAGEE shall F»w th~ option ro naiw and apply tM su~ on +ocow+~ of tM indsbt~
~e~s s~tvred Mreby w w petmit said MORTGAGORS to receiw and uw if or +ny pa~t thereof fw other pwposes. witho~t thKeb~ w+ivinp a impain
;n~ anY pv~ty. lien a r'ght ~~der w by vi~tw of H+is mors~aye: and i~ ~M .ven~ s.~d MORiGAGORS ~h+p fa ~ny r~ason fail to k~ep th~ s~W pnmia~s w
inw~ad. or fail W d~l+ver promptly sny of said polKies of insur~nc~ to said MORTGAGEE, a fail promptly ro p~y fully ~ey pr~mivm tMhfa a M~ anY
mspac~ fail fo pKfwm, dischuqe. eaecute, effact, camplete. comply with ~nd ~bid~ by this eown+~t, w u~y p+rt htnof, said MORTGAGEE n?~y p~aa u+d
paY for ~uch imuraoc~ or ~ny put thereof without waiving o~ aff~ctlnp ~ny option, li~n, ~quity, a r'~pht w?dK o? by virtw of thh Mort9+p~. ~nd tht
tull ~nount of each snd ~very iuch payment ihslt be immediately due +nd Wy+bl~ and th+ll bear intKa~ from th~ dat~ the~wf w?til p+W ~t tM raN o!
nina per centum pet annum ~nd to~Nher with auch intereat ii»It be sec~red by tM litn of thb mwtpaQ~.
1. To p~rmit,.commit or suffer no waste, Lropairroent a deterioration of sa;d property or any put tMrwf.
S. To pay alt aed ~nguts~ the cosb. charye~ and expemes, includiny s reason~bh ~ttwney's fK and owt~ of ~hact~ of Mtb, fn~wnd o~ p~id ~t i
any time by said MORTGAGEE, bacause w in the avent of the failure on ths part of th~ said MORTGAGOR to duly, prompNy +nd fufh/ pufo?n1. dad~arp~t ~
executs, effecb complete, comply w~th and ab:de by each a~d eve?y the stipvlat~ona, ap~eem~nts~, tonditio% ~nd oowna~n of s~id pranistory iwq and thi~
mOrfypO My OI Oit}flr. ~nd a~d costs, ch~rges and expenxs. esch ~nd every, sFwll 1~ imrnediately due u~d p+y~bt~; wl+ttl~ o~ eat tMr~ b~ ~otiq d? _
mand, sttemp~ to colkcf or wit pend~ng; and the fvtl ~moum of txh and wery wch piyma~t ahall bea? int+rqt frpn 1M d~1~ tMnof unNl p~ld N tM
rare of nine per cenwm per aruwm; and a!! said costs, chsrges and expenses inturred or piid, 1op~thet with suth Int~r~st, sMH b~ a~wnd b~? th~ li~n of fhi~
mat~~.
6. 1'Mt in the event of ~ny breach of this Mortgage or defavlt on ths put of ths MORTGAGOR, w(bI tn tFw ~v~nt ~ny of uW went of n~on~y
herein refer~ed ~o be not promptty and (utly paid withirt th;r~y (30) days next ~frer the sune sevewly b~can~ dw u+d p~yabl~. withou~ d~m~nd a notiu.
or in the eve+?t each ~nd every Ihe stiputations, sgreements, cw~ditions and coven~ori of wid promissory oot~ u~d th~s mort9~ sny w~iNwr art no!
~utY. prompNy ~nd fully perfwmed. d~schsrged. executed, eifecTed. completed, complied with ~nd ~bided by, tMn in ~itha ar a~ry/ wd~ ~wnt th~ s~id ~p
qregate wro ?nentioned in sa~d promissory note then remaining unpaid. with interesl xuwd, ~nd atl morwys New~d. Mr~by. th~ll MaaeN dw ~nd p~y~
able fwtnwith, or thereafta, ~t the optio+? of said MORTGAGEE, ~s fully snd comptetely as ii all of tMt uid s~xn~ of n~orMy wN~ aipln~lly , tipulit~d '
ro be pa~d on s~ch day, anyrhing in satd p.om~uory note w in ~ha Mortgage to the contruy notwitF?~tandinps and tFwwpon ot tMreahu ~t tM`~ptia~ of
said MORTGAGEE, without notice or demand, suit at law w in equity, thereFors or tMreaf~~r b~un, ma~ b~ prowcw~d u if ill moMyt saw~d h~nby
had matured ~wr to its irnlitvtion.
7. That in fhs event thaf st the beginning of or at any time pending iny suit upon this Matype, w to fo~oN it, or to nfOmn k, w M a?foK~
payment of any claims F~ereunder, said MORTGAGEE shall appty to the Court havir+g jurisdittan ther~pf fot tM appoinhnMt of ~ RateivN, wch Cqxf thal)
Forrhwith appoiM s receive~ of sai~ mortgaged property aq snd singutar, includ~ng atl and sengula tM incorn~, profits„ issws ~nd nwnwa from what~wr
source dereved, each and every of which, it being expreuly understood, is F+ercby mortgaged ~s if ~pecifiully Nf fOtfh ~nd d~wib~d M1 1l1i ~ralltinp and
habendum clauses hgreof, and such Receivx shall have all tix broad and effcctive functions and pawsn in ~nywFp eMrwt~d b~r ~ Cowf tp ~ R~alwr, ~nd
a~ch appointme~nt shatt be made by such Court as an admitted equity ~nd a m+~ta of absolut~ r'gAt fo s~id MORTGAGEE, and withouf r~fNSne~ fo th~
edequaty or in~dequscy of the wlue of the properry mor~gaged or to the wNency a insolvency of saW MORTGAGOR a tM d~f~nds~tt, ~nd that auth
rems, profits, income, iuues snd revenues shall be apptied 6y such Receiver accoroinp to tM Ilen w~qi~ity of Nid MORiGAGEE and th~ practia of such
Court. -
8. To duly, promptly s~+d fully perform, dixharge, execute, effect, complete, comply with and abidt by wth ~nd ~v~ry tM stipu(~tioM, aptNm~nM.
cond'A'am and covenants in said promissory r?ote and this mwtgsge set forlh. ' .
9. Thst in the event the owncrship of the mort9aged premises. w ariy ps~t N~ereof, becanes wst~d in • p~tson otl~ tMn tir MORTGAGOR. th~
MORTGAGEE, i~s succeuon and au~gns, may, witbout notice to the MORiGAOR, deal with svch wa+Kwr a N~ot~ssor in iMarMf with t~fNM~c~ fo fids ~
mortgsye and the debt hereby secured in the same manner as with Mortgagw without in any way viti~tinp p diKMa?pinp tIM MwtpapOr~' (l~bility IMrl~
unde~ w upon the debt hereby setu~ed_ No ssle of the premises hereby mortyaged and no fabtar~nq on th~ p~q oi iM MORTGAGEE or iri weuuora
or assigra and no extens'ron of the time for the payment of the deW hereby secured y~wn by ti~. MORTGIIGEE w in wooessors or ~prr, shaN op.r•N
ro release, discharge, modify change or affect the orginal liabiliry of the MORiGAGOR herein, either in wlwl~ w In put.
10. It is speci(ically agreed that time is of the essence of this contract and that no wsiwr of any oblip~tion hKwnd~r or of th~ obllpation M-
cured hereby shall at any Yune thereaiter be held to be a waiver of the terms hereof or of the instrwnant secvnd 1Nrby.
11. In additia~ to the forego:ng monthly payments of princ'pal and interest required by the promiuuy not~ secur~d hereby, mOllp~po? oo'wn~nb
and agrees ta pay to mortgagee with each monthly payrnent an addi?ional sum estimated by mortgape~ to b~ eqwl t0 1/12 of th~ amu,~=~t Of'th~ follow-
'n9, A-All real property taaes levied o? assessed agai~st the above described real estate. n t~ r
~ • ' J
B-Premiums on fire and windstorm insurance as herein requ~red to be carried on the improvMnent~ sitvat~ on fh~ ~~d p~iA~yi~ '
C-Premiums on such morfgage guaronfy insurar~ce as mortgagee s"t~all from time fo time deem fit to urry on tM3wir''~iound IRwby. .
Mortgagee shall from time to time notify mortgagw in writing of the amount due and payibk 1ltraurwkr Md sucS wr?a~ FN~I ~11p011 1Nr`~/l~If ind
payable on the due date of the next monthly payment and each successive momh thereafter untit mortgayee ~hsl! noti{~ 0 8 6~ i4: Wd~
amount. Such sums sAaii be appiied by mutgagee towa~d the psyment of real propsrty T~ad, iM~tante premiwiu, aOd. ~ . • ywt~ ~MYraMw
~I premiums. ' ' ~i ~ .j .
~ IN WITNESS WHEREOF, the said MORTGAGOR has hereunto set his hand arul x~l th~ d~y ~nd ysar fint afaN~I~f~~~ ~'•~~~~d~Ci;~~~
~ ~
~ skd and ~vered ' ha e of: :~r
~.r.~ ~~--rr~ o~~` • _ Z! tf n i
Bp~ ; :~s ~ ~ :
.
yh. Attest: Secr ry
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STATE OF FLORIDA /J COUNTY OF ST. LUCIE
~~r.~
1 HEREBY CERTIFY, That on thi~ ~9 ~ day of Au~ust , A.D. 19b7 ,
before me personally appeared Edmund M. Radke a~ Doris M. Radke
respectively President and Seuetary , of
Edmar, Inc. , a Flori da Corporation, to me
~
known to be the persons desuibed in and who executed the foregoing instrument, and severally acknowledged the ex~ ~
cution thereof to be their free act and deed as such offiters for the uses and purposes thereire mentioned; and that they
affixed thereto the officiat seal of said oorporation, and the said instrument is the ad and deed of said corporation.
WITNESS my hand and official seal at Fort Pieroe , said oounty and sfafe.
~~y~(~j p ;-,•''~~~~nrio.
. • ~ i t ~ .
FIl.EO ANO RECORDED Notary Public, in and for State and Cou~fy.~~~o~esaid. .
SoT. t~UC1E COUNtY. FLA. My Commiu'ron Expi~es~{~ p~x. Stakal F1ai~ ~t1sf~~
P~COFR `•~~1FIED ; = ~
1~Ar Gommissan Exp'lses N~ 3~~ -
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