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To p1ac~ and contkxausly t~ep on th~ buitd~rg~ now a h..•af~~r 4~u•n on ~a~d 4nd and on ~II ~q„~pn.n~ u+d pawn.lly cownd by Nas ~nor+4. ~
w+~h all p~;unA rh~r~on ~;d in full, f'ue ~uranc~ i•~ ~M uswl iunda+d pol~cy fwm, a iuen ~pprowd by N+~ M~ORfGAGEE. aod windi~wm
MOR s
iniwann 1n ~h~ uswi iar?da~d po6cy fwm, !n ~ wm ap~uoved b~ tM /MOATGACsEE; in wch oompany w cwnp~ni~ ~ Ny MpRTGAGEE m+y
dN~dt ae~d all fv~ ~nd w:ndaeorm insuranu polKies on ~ny oF f~i1l ~ildin0; ~ny if~N~qt tlyttN~ 0/ p~tt tFKfl01~ in ~IK ~yq~ep~~e wm ~fana~d o.
In ~xc~ts thereof, tAall contain tM vtual standud matgapN ctavu p ~uch alwr dwa as tM Morpapa~ enaY rpuu+ mak'w~p rM bu ~++da sad po16
des. sach and ~vsry. ar•bi• ro said N10RTGAGEE u~n inte~sst may +PPN~. and each and ~very wch po~~cy shall b~ P~~P~h +u:9n~d u+d d~li~eeed ro
•ny held by s.d MOR1W?~~EE u fwrM. s.cv~~M ro sa~d mor+p•y. d~W. u+d, ewt ku than tee p0I d+ri ii+ +dvanc~ of ~M ~xpir~~an of rscA poticy, ~o dw
I~va to s~id MORiGIIGfE a rMewal tl?ereof, 1oy~~lMr w~tA ~ mapt fw ~he p«nivm of svch rerKwal; aod thsr~ sMll bt no f~n a windstam inswsr~
p!s~d on any of ~aid build~nqs, any inraes~ thaein o? pxt tMreoF, ~ntess ie rht forei and w;th tM bss paya~ u ~fo~saa~ and in tM ~wnt any wm
of mw~y becomes p~yabl~ w~der such policy a polici~s said MORTGAGfE shaN haw eht opr;on ro receiw and sAply t!~ ~ame on accoun~ oi rhe i~debad-
neu sscvr~d h~rtby a w pcrmil said MpRTGAGORS to nteiw and us~ it w any {iart ther~of fa othe~ purpoies. without ~hrreb/ waivi~g w unpair- ~
+^Y ~V~+~h. r~ a ~qht ~x~der a by vi~tw of tha na~s~ape; and in th~ ~vee~t said MORiGAGOR3 shall fa any ~taaon fsil b keep tM ~aid prtenixs so R
insured, or fai) w delive~ promp~ly any of sa;d policies ot ie?swu~c~ to y~id MpRiG/?GEE. w f~il promptly ro pay fully ~ny premiwn therefo~ w in any ~
r~spett fail b paforn~, d~uAuge, execut~, eHed, compl~te. comply with ~+d abid~ by this covenae~, w any put hareof, s~~d MpRTGAGEE rreay plac~ and
P+Y for swh 4a~,.anc~ w ~nY P+n therco/ without waNinp or aff~ctirp +Mr aWia4 ~+~n. ~4uity, a riplu und~r a by virtue of d+~s Mar~ap~. ~nd ~he
full arnoum of each and ~very wch paym~r?t sh~ll b~ immediarely du~ ae,d pryable and sha11 bw inter~sl fran tM dat~ ~hueo( vntil paid M rh~ aq o1
n~.k p~r centwn pK ~nnum ~nd to9ethe~ with sud+ interest sMtl b~ secvred by th~ lis~ of this mo~rt~p~.
To p~rmtt, corernit a suffa no wast~, imp~Kment or deterior~non of ~aid properry or any part the?~of.
S. To pay att ud si~gul~r rhe.cosr~, charyes and expsnsea, iex)vdinp a r~asonrbl~ ~tto.ney's fe~ and cos~s of absn~cts oi tide. incw.ed a
any t~me by sa;d MORTGAGEE. bscaus! or ~n the ~venf of the Fa~lwe on the parl of th~ ssid MORTGAGOR to dvl , Wd at
y p~omptly uid fully perfonn, d~xhug~t
rac:ut~, eifect. comp!ero. comph w~th and ab~ds by ~ach and svery the stipulatp~s, pres.nent:„ condirion~ and cownsny of said promissory nor~ r+d ~hw
m«tDay~ ~ny w either, and sa~d cosn. chu9n a~d expen~es. exh and ewry, sF?~II b~ immediatey dut ard payable: whetha~ o~ nw ther~ b~ norKe dr
n,and. aftcmpt ro cdkct or w;t pend~•+y: u~d rM futl arna,nt of each u~d wery wch p~ymer,~ s1,~ll bear iroerest from ~ht d~t~ rhereof unril paid at the
rate of nitK pt~ ceotum ptt arnwm; and all aaid ccs?s, tharpts ~nd expenses inturred p paid, tope~her with such interql. sh~ll b~ s~cured by ~h~ IiM of thw
marp+p~.
0. ih~t (a~ in tAa ave~t of any b~eact~ of Mis Mortgs~e o~ defwlt on tM pah of the N1pRTGAGOF, or in the event ~ny of s~+d sums of morwy
henin r•h.red ro be nor prompny and fully pa;d w:~h;n thi.ty Cd0) d,~s nex~ af~e+ ~he same seve.~ly becane due and payabb. wi~hou~ dem~nd a ~or'Ke.
or W~n the ewnt each ~:+d e+e?y the stipubtions ~greements, cond;tions aod covenann of ssld promiuwy note uid th~s mort9a9e anr w aMa are ew1
iuly. promptly and f~fly perfarmed, d;xM~qed, executed, eHeded. compteted, compi~ed wirh and ab~ded `~y. then in either a any such ~v~+t tM s+id a~
preg~t~ wm rns~rionad ;n sa;d p~an;sao~y ~ote then rema~ning unpaid. with inte~est scaued. and all moneys secu~ed hcreby. st,~ll becorn~ dw and paY
sbte f~orthwirh, Of tIflfN~fN, at ~he opra~ of sa~d INp??GAGEE, ~s f~lly ud completely as if att of ~he w~d wms of money were orginatly sr~put~ted
ro be pa7d an such day, anything » sa:d p?omissory note or in this Mortpagc to ths contrary ratwithstanding; ar~d thereupon or thereafte? a~ the op~an of
•aid MORTGAGEE, wi~hout noric~ o~ demand. ~ suit ~t la~v or in eqviy, therefore or thereatter 6ag~m, msy be prosecwed as if ~II nweieys sscured hersby
had mi1Wlf~ ~Wf to iq it~tilVtip~t. ,
7. Thar in ths evu,t rhat a~ the bcginn;ng of a st any t;me pending ~y wit upon this Mortgsye, a to fwecbse H, or to reform it, or to enfo.c~
P+Y~~ ~ anY clsims lxrevndEr, said MpRTGACsEE shall apply to the Court h~ving jur~sdrction thereof fw the appo~otment of ~ Receiver, such Court shall
f«1liwith ~ppoint a roceiver of uid mort9~ged property slt and. sing~lu, includ,ng all sod sinqvlu ehe income, pofi~s. issues and revenues from whatever
sovrce d~rived. esch ~nd wery of whKh, i~ beirg expressly w~de•s+ood. is hereby mor~gaged as if spcc~iically set forth ~nd described in ~he granting and
habenduen clevses hereof, and s~xh Receiver shall have all the bro~d and effective fvnctwns and powea in anywise entnrsted by ~ Court to a Receiver, and
~uch appoin~ment sball be made by suth Courf as an admitted equity and a matter oi absdute rgAt to ~sid MORiGAGEE, a~d without refcrence to H+~
adequacy a in~dequacy of the wlve of ~he properry me.r9aged o, to ~he savency w~nsolvcncy of said MpRTGAGOR a tAe defendants, ~nd ~hat wch
ren~s, profin, income, issurs and revenues shali be applied by s~ch Receiver xcordinp to the lien a eqvity of sa;d MpRTGAGEE and the practice of such
Court.
8. To d~rly, promptly a~d fully perform, dxharge, execute, effect, complete, comply w:th and abide by each and every the stipulations, ag~eemeny,
conditiom and covenanp in sa~d promisway note and tlus mwtgage set forrh.
9. Tha~ in the event tFn ownersh+p of the m~tqaged prem;ses. a any pan fhcreof, beawnq veated in • pasw~ other than the MORTGAGOR, tM
N.ORTGAGEE, its successori ~nd +u~gns, may, wifhou~ notice to the MORTGAOR, deat with such wccessw a wccesso? in interest with rcference to thia '
mortg+9e and the debt hercby secured in the same m~mer as wi~h Mort withow in wa vitiaY '
9+9« Y 1 ~+g w d~uhuging rhe Morr9agora' I:abilfry hts~. j
under or ~pon ~he debt hereby secured. No ~ate of ~he Fvemiscs hercby mortgaged u~d no fwbesranc= on the part oi ~he MORTGA6EE w ib successon a
w ~ssigm and no eatension of the time fot the payrnem of the t3ebt hereby secvred given by the N10RTGAGEE o~ its successors or sesipe~s, shap operat~ ~
ro rekau, discharge, modify :hanye w affect the orig;nal liab~l:ry of ~he MORTGAGOR he~eiry either in whok or in pu4 =
~_,,:'.l::•~rr:
10. It is specific~lly agreed that Y~me is of the essence of this contrsct and fMt no wirver of ~ny oblg~twn hereu~?Jer a of•y~fi obl-g~liqp se;- .
a,r~d hsreby shall at any time thueaftK bs hdd fo bs a waiver of th~ qr.ry her~of ar of tM ins~rwnaM secwed her . = i_••.
~ ; L~.•;
11. In addrtion to rhe fw~go:ng mon~hlY payments of princ'pal and interest requ:red by the promissory no~e secured hereby, rrqr~yago~ cpven~~s j--
and ~greca to pay to mwtgsgee w~rh esch mon~hlr Wr~~f +dd~rio~sl svm esi~mated by mortgagee to be eqwl to i/i2 of the +nnwl cost of +he follow•, r
ing: \ -
~ r-
A-All real property ta:es lev~ed o? asxessed aga~~st the above deuri4ed resl estate. _ r-- f'[`
B-Premiums on (ire and w:ndsrorm inwrance as herein reqv~rea/ to be carried on tlse imp?ovemeafs sitwte on the abovs tiytr;he~~er~s. ~
C-Premiums on such mortg~ge gwrany insurancc as mo.tg~gee shall from t~me to time deem fit ro prry o~ the loan tecuti~d ~
% :
Mortgagee shatl (rom t~me to time not~fy mortgagx in writ~ng of the amount due and payab!e hereunder ~nd such wm shall N~er~upttn,~ie.~re ind
p a y ~ b k o n t fi e d
u e d
a t e o
f t h e n e x t m o n t h l Y p a Y m e n f a n d eac h svccessive mont h t
h erea frer ur.ti l mortgagee s h rl! notify mortgago~ of s chang~ in suti~
amouN. Such sums shall be applied by mo~tgagee foward the payment of real property ta:es, insvrance prem:ums, aM! mprtg~ge gwr~n~y ~y~Q
pr~miums.
~N W~TlYESS WIiEREOF, the said MORTGI~GOR has frcreunto set F~is hand and xal the day and yeu first sforesaid.
~ Si9+~ad liver in the presente of:
s~
$31 . t/~.-. g ~
Attest' _ !~jI /i o w ;
, ~
/ ~
~ - - ~ . - - ~e~
STATE OF Fl4RIDA ,
~COUNTY OF ST. tUCIE
.
I HEREBY CERTIFY, That on this ~ 7- day of ~ , A.D. 19~,
before me personally appeared Edmund M. Redke a~ Doris M. Redke
respectively _ President and Secretary ' of
Edmar Inc. ~ a Florida ; ~ -
Corporatlo~F ~p rne
~
k~own to be the persons described in and who executed the foregoing instrument, and severally acknowlei~ged fbe ex~`:
= _ - . .
cution thereof *o be their free ad and deed as such officers for the uses and pursoses therein mentior~dx ~nd ihatf they
• ~ •
affixed thereto the official seaf of'saicNo~rporation, and the said instrument is the act and deed of .sstc~- cio~poration.
WITNESS my hand and official seal at Fort Pieroe
_ - , c nd st
fILEO AND RECORDED ~
ST, (.UCfE COUNTY. F~,q, tary Pubiic, ~n and for State and County aforesaid.
RECOAn V~F f~1~D / y Commission Expires: ~~ryp~gt~C. STATf ol FLORIDA at lAIN~
MY COMMIS~ION EXPIRES NCV. 29, 1968
w~ • •OND£D TNROUGM FBEO W. G1ESTElMO1~Sl
~ 9 • 44
i621(3:1
~~~~~=~:~.,r:s
CL£RK CIRCUIT COURT
r B~x169 ~A~E nQ5 : ~ ~
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