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ro~_ Ex~.eed ehe day o/ January A. D. i9 7 4 6y
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~ y u BERT'S OF FLORIDA, INC.
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9° d a corpo?ntion existing under fke ~aws oi Florida , and hauing its principa~ p~are of
6~inesa at 1890 N. E. 210th Street, North Miami Beach Florida
c.~'~c ~ hereinajte~ ca[Ied the mor~gagor, to WILLIAM ELMORE WISE dIld BESSIE L. WISE ~ hi3
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wife,
whose ~:~olj~~e add.~:s ~s 3107 Atlantic Avenue, Fort Pierce, FL 33450
~iereina~ter ca~~ !he mortgagee:
(W6erever uscd 6erein ese term "mort~s;or" and matpaee" include all [Lc puties eo i6it imtrument aud tbe 6e;rs,
~ le~[at rcpreaeautiva aed aui;m of ind~vidwls. and tbe wcctawn and awsm ot corpontiom; and tAe urm •`aote••
iacludes all t6e notn herein dacriAed if more ~Aan ooe-)
~~NICJ,~~ thnt f
or good nnd valun6le considerntions, nnd also in consideration oj tl~e aggre-
gate sum named in the promissory note o~ even date f~erewitf~, f~erein4jter described, tl~e mo~tgagor here-
by grnnls, bargnins, sel~s, nliens, remises, conueys and con/irms unto the mortgagee all the certain land
o! iuhic~ t{~e mortgagor is Ro~, s~~d nnd in possession situate in St. L11C1@ County.
Floridn, uiz:
All of the S 1/2 of the SW 1/4 of the SE 1/4 of Section 1,
Township 35 South, Range 39 East, containing 20 acres, more
or less, subject, however, to any right of way to North St.
Lucie River Drainage District as to all or any part of the
South 114.5 feet and the West 42.5 feet of said S 1/2 of
the SW 1/4 of the SE 1/4 of Section 1, and also subject to
right of way to St. Lucie County, Florida, as to the'North
30 feet of the South 74.5 feet and the East 30 feet of the
west 52.5 feet of said S 1/2 of the SW 1/4 of the SE 1/4 of
Section l; and
The North 1/2 of the NW 1/4 of the NE 1/4 of Section 12,
Township 35 South, Range 39 East, containing 16.62 acres,
and excepting therefrom rights of way for drainage canals '
and roads. ~
TOGETHER WITH two 18-inch drainage pumps, three 4-inch wells, ;
and one 3-inch well and all piping on the property.
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i Mortgagor covenants and agrees that it will at all times properly
~ spray, fertilize, water, irrigate, cu~tivate, care for and main-
~ tain in a productive condition all of the groves now on said
} property, or hereafter planted thereon, in a husband-like manner
~ as said qroves are usually kept in St. Lucie County, Florida,
~ and it shall be lawful for the Mortgagee, their successors and
~ assigns, at all reasonable times during the continuance of this
~ security instru~nt to enter upon said premises for the purpose
= of inspecting the condition of said groves. The pruning, hedg-
~ ing or replacement of citrus trees shall not be considered waste
~ under the mortgage. The failure to maintain the groves encumbere
f by the mortgage in accordance with the standards set forth in
; this paragraph shall constitute a default in the mortgage and
- note if such default continues for fifteen (15) days afte= writ-
; ten notice from the Mortgagee to Mortgagor. ~
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~ In the event this mortgage shall become in default under any pro-
~ visions contained herein for more than thirty (30) days after
~ written notice thereof has been provided by Mortgagee to Mort- _
~ gagor, Mortgagee shall have the right to have a receiver appointe
k to assure that the Mortgagee will from that point thereafter be
entitled to receive the net proceeds of the sale of all fruit
~ harvested from the groves on the encumbered property, to cure
~ the default.
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~ THIS IS A PURCHASE MONEY MORTGAGE.
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