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REAL ESTATE MORTGAGE
The Mortgagor, BEN HILL GRIFFIN, INC., a Florida
corporation, whose mailing address is Post Office IIox 127,
Frostproof, Florida 33843, in consideration of the sum
specified below, hereby mortgages to the Mortgagee (whether ,
one or more) DAVID L. WALKER, and 4VALKER CITRUS FRUITS,
INC.-, a Florida corporation, whose mailing address is care
of Neill Griffin Jeffries & Lloyd, Chartered, Post Office ~
Box 1270, Fort Pierce, Florida 33450, the real property in
St. Lucie County, Florida, described on attached Exhibit A,
arid herein called "the property."
This is a purchase money mortgage given to secure ~
payment of the aggregate principal sum of $652,560.00, which • "
sum is evidenced by two promissory notes of even date here-
with, one given by the Mortgagor to David L. Walker and one
given by the Mortgagor to the Walker Citrus Fruits, Inc., a
Florida corporation, each in~the principal amount of $326,280.00.
The notes are hereinafter referred to in the singular. The
note bears interest from its effective date at the rate of
8-1/2 percent per year on the p.rincipal balance remaining
from time to time unpaid, and is payable in installments as-
provided therein. The note is payable at Sun Bank of St.
Lucie County, Orange Avenue, Fort Pierce, Florida 33450, or
at such other place in the State of Florida as the Mortgagee
~ may from time to time designate in writing. The last pay-
I nent under the note is due three years after date.
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= The Mortgagor agrees to make all payments required
' by the note and this mortgage promptly when due; to pay all
~ taxes, assessments, and liens with respect to the property
before the same become delinquent; to commit, permit or
~ suffer no waste, impairment or deterioration of the property
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~ and to pay all costs of collection, including attorney's
s fees, reasonably incurred by the ;iortgagee because of the
default of the Mortgagor.
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~ If the Mortgagor fails to pay any taxes, assess-
ments, or liens with respect to the property before the same
~ become delinquent, the Mortgagee may pay the same, and such
payment shall become part of the indebtedness secured by
~ this mortgage, shall become immediately due and payable, and
~ shall bear interest at the rate specified in the note.
~a ~ If the Mortgagor fails to make any payment re-
~ ~ rn quired by the note when due, or within thirty days thereafter,
~'tj ~ cYi ! or if the hiortgac~or materially breaches any agreement of
r; ` this mortgage, then the Mortgagee may declare the entire
_ rn~ unpaid balance of the note, including accrued interest,
accelerated and due and payable forthwith.
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If this mortgage falls into default, the ?dortgagee
~ shall be entitled to the appointment of a receiver to take
i charge of the property and the rents, issues, profits,
- ~ proceeds, and the revenues arising therefrom, and hold the -
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same subject to the direction of a court of competent juris-
- diction, regardless of the solvency of the Mortgagor or the
• W~~'~ adequacy of the security.
'v~ ~ r L L . This inst: ume;it ~vas p~~•p-~r~d hy:
' Rcbert N. B~srier
- P. 0. Dravrar BYd .
- . t 280 ,'q~-~ ~ - Lakeland. Florida 33~~~2 `
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