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REAL iSTATE MORTGAGE
THIS MORTGAGE made this 26th day of r(d1~Ch lq ~ Between CarOn38a 1QeMton
of 1717 Borth 17th st_ .
St• YAC~Y County, Florida, hereinafter called the Mortgagor, and Fel'801'1ItL1 P1aII~hC.
Of Ft. P3•erc@ a _ Fingtme Corporation, hereinafter called the Mortgagee.
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WITNESSETH: ?hat said Aiortgagor, in consideration of the principal sum specified in the promissory note here-
inafter described, received from the Mortgagee, hereby mortgages and incumbers in favor of the said Mortgagee the real
property situated in ~~~~County, State of Florida, described as follows:
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sr corner STS 1/4 of lgtti 1/4 in Sec. 4s Tot+nehiB 35
sout~l, xatlg+e 40 Eaet
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- ~K To ~nsp« 71.1ih IIM~ Of 1~1.
_ RO3Elt PO11Mf
CIMIt ChOUit Court, fit. luoi~, C0. !r. '
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as security for the payment of a promissory note, a copy of which is attached hereto, and incorporated herein by reference, i
The said Mortgagor does covenant with the said Mortgagee that the said Mortgagor is indefeasibly seizdd of said
land in fee simple and has the full power and lawful right to mortgage and incumber the same, that the said land is free from
all incumbrances except as above noted, and that the said Mortgagor. except as above nded, does fully warrant the title
to said land and will warrant ano defend the same against the lawful claims of all persons whomsoever.
AND THE SAID MORTGAGOR does further agree as follows:
I. To make promptly all payments required by Lhe above described note and this mortgage as such payments
bErome due.
2. To_pay promptly when due all taxes, assessments, liens, and incumbrances on said property.
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3. To Reep tti~ ~uildit7gs now or hereafter on said land insured against damage by fire, lightning, windstorm of
other casualty itt a sum not less than the sum secured by this mortgage, in a company or companies satisfactory to the
Mortgagee, said policy to be held by and payable to the Mortgagee to the extent of the indebtedness remaining at the time
c,f the loss. Ii any sum becomes payable under such insurance policy, the Mortgagee may either apply it to the indebtedness
.~t•cured by this mortgage, or "permit the Aiortgagor to use it for other purposes, without impairing the lien of the mortgage.
4. To permit, commit or suffer no waste, impairment or deterioration of the mortgaged property.
5. If any payments provided for in the note on this mortgage are not promptly paid by the Alortgagor, if the buildings
;,rc• not kept insured as provided, or if the Alortgagor defaults in any of the other covenants, stipulations, or agreements,
tnf• Mortgagee, without waiving or affecting the option to foreclose, may otherwise perform any of the covenants or agree-
rn~•nts on behalf of the Aiortgagor, and any and alt such sums or expenses paid or incurred with interest thereon from the
date of paym~•nt at thc• rate' of interest prescribed in the note secured by this mortgage, shall also be secured by this
mortgage.
6. This mortgage lien shall e'xte'nd to and include alt rents and profits of the mortgaged property. In the event of `
ioreclosurc• the court is authorized to appoint a receirer of the mortgaged property and to apply such rents or profits to the '
indebtedness hereby secured regardless of the solvency of the Alortgagor or the adequacy of the security,
This mortgage shall extend to and include any and all extensions and renewat5 of the hereinabovc described ~
mote and shall also secure any cum or sums that might be leaned by liortgagce to Mortgagors in the future in the sum or
sums for which Mortgagors shall execute their negotiable promissory notes, not exceeding $25,000.00, together with
interest, taxes, levies, and insurance. •
8. If any payment provided for in the note' or this mortgage be not paid within thirty days after it becomes due, or f
if any agreem,nt of this mortgage other than for thc• p:~ymont of money is breached, than the unpaid balance, not including '
unearned interest. shall immE•diately become due and payabli• at the option of the Mortgagee, and the Mortgagee may fore-
close this mortgage in accord nee with proc~dure•s est;+blishc•d by taw, and have the property sold to satisfy or apply on the
indebtedness hereby secur~•d.
e~x3~8 P~E1~50 . ~
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