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SECOND MORTGAGE
INLAND FRUIT CO. , a corporation organized and existing under the
laws of the State of Florida, the Mortgagor, in consideration of the principal
sums, hereinafter specified, received from the Mortgagees, Cushman S.
Radebaugh, Jr. , LeRoy N. Radebaugh, and M. C. Cleve , as Trustees
of THE RADEBAUGH FOUNDATION, hereby, on this ay of ~ ,
1968, mortgages to the Mortgagees the rgal property in . Lucie unty,
Florida, described as: ~
The Southeast Quarter (SE;) of Section 6, Township
36 South, Range 39 East, LESS the North 82 feet for
publis road and canal rights-of-way, and LESS the
West 25 feet for Shinn Road right~of-way, in St.
Lucie County, Florida,
as additional security for the payment of three unpaid promissory notes of
those five certain promissory notes, described in and secured by that certain
mortgage recorded in Official Record Book 172, page 730, Public Records of
Indian River County, Florida; ( Said promissory notes are dated June 22, 1963
and are for the principal amount of ~6, 090. 69 each, with interest payable at
the rate of 6~ per annum; principal on all of said notes being payable on or
before June 22, 1972);
And Agree:
1. To make all payments required by said notes and this
mortgage promptly when due;
2. To pay all taxes, assesaments, liens and encumbrances ~
on that property promptly when due. If they are not promptly
paid the Mortgagees may pay them without waiving the option
to foreclose, and such payments, with interest thereon from
the date of payment at the same rate as specified in said notes,
; shall also be secured by this mortgage;
~
~ 3. To commit, permit, or suffer no waste, impairment, or deteriora-
~ tion of the mortgaged property;
4. To pay all expenses reasonably incurred by the Mortgagees be-
N• cause of failure of the Mortgagor to comply with the agreements
~ W in said notes or this mortgage, including reasonable attorneys'
Y~` ~ fees. The cost thereof with interest thereon from the date of
_~a ~ payment at the same rate as specified in said notes, shall also
= Z~ t ~ be secured by this mortgage;
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4 d 3 4= ~ 5. If any payment provided for in said notes is not paici within thirty
~ days after any becomes due, or if any agreemern i~ this mortgage
~ other than the a eement to make the a ents is breached, the
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~ ~3 , Z~ u~ o entire unpaui principal shall immediately become due at the op-
tion of the Mortgagees, and the Mortgagees may foreclose this
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o•- ~~\Q mortgage in the manner provided by law, and have the mortgaged
W~; property sold to satisfy or apply on the indebtedness hereby se-
y ~ ~ ~ ~ ~f~ cured; _
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6. The rents and prafits of the mortgaged property are also hereby
mortgaged, and if proceedings to foreclose this mortgage shall be
aoo~Z72 P~E .754
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