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12. Anything in this mortgage or in the promissory nr'.e eecured hereby to the
\.'ontr'al'Y notwithstanding, if any instalment of principal c.' interest 01 said no'~e or
any part thereof is not paid within 30 days of thE' datr dve, or it any other S\Ull
secured hereby is not paid within 30 days of the dat,. due, then all of the indebted-
ness secured hereby shall become and be immediatelj due and payable at the option
of Mortgagee, without notice or demand wmch ar& hereby expressly waived, in which
event Mortgagee may avail itself 01 all rights and r !medies. at law or in equity,
and this mortgage may be f'or~closed with all rights and remedies afforded by the
laws of Florida and Mortgagor shall pay all coots, charges and expenses thereo1',
including, a reasonable attorney's fee,
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FILED AND RECORDED
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13 ~. If the indebtednels I<<ured hereby is now or bereaft;:r (u~ther ae<:ured by chattel mortsal(el, pled,eI,' contracb o(
ltUaranty, auiltTlmentl o( lea~, or other l~urities. or i( the premiJ6 hereby encumbered comists 01 more than one parcel, Mort.
Ita~ee may at its option exhaust anyone or more o( aaid eecurities and tbe aecurity hereunder, or IUch parcela of the leCurity
her'undu, eithu concurrently or independently, and in sach order u it may det~rmine,
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14 M, No delay by Mortgasee in exercising any right or remedy bereunder, ;)f' otberwiae afforded by law, shall operate .. a
wai~r thereof or p~c1ude the exerciae tbereo( durin, the continuance 01 any default bereunder. No waiver by Monr&ree of lLDY
de(ault shall constitute a wai~r o( or conaellt to lubtequent deCaulu, '
15 bO. Without a.ft'~ting the liability o( any person (other than any penon releued punuant hereto) !or pa)'IDIDt of anl'
indebterlneu secur~d be~by. and without affecting tbe priority cr "tent 01 tbe lien hereof upon any property not IpflCificaJtr
re!eall'd purmant hereto, Mort!tagee may at any time and (rom time to time, without notice and without limitation .. to U1Y
legal right or privilege o( Mortgasee:
(a) ReleaJe any penon liable (or payment o( any indebtedn~.. secured hereby,
(b) Extend the time or agree to alter the temu o( payment o( any o( tbe inoe:Jtalneu,
(c) Accept additional security of any kind,
(d) Release any property leCuring the indebtedneu,
(e) Consent to the creation o( any easement on or over the prerr.ile1 or any covenanll reatrictinJ \lie or occupancy
thereof.
16 IX. Any agreement hereafter made by Mortsagor and Mortgagee punuant to this :nort,age &hall be .uperior to the ri,bb
of the holder o( any interveninlt' lien or encumbrar.ce.
1 7 tl. Mortga~or hereby waives all riSbt o( homestead "f'TT\ption in the property aubject to this mortpp,
18 ~, The co\'enants and a~reements herein contained lball bind and tbe benefits and advantApl shall inure to the ~.
rive heirs, executor~, adminillrators, succellon and auigna o( the parties hereto. Wberevn wed, the linrular number mall include
the plural, the plural the singular, and the we o( any sender &hall be applicable to all genden, AU cOYenanb, qreemmb and
undertakin~s shall be joint and ~ral. In tbe event additional numbered covenants are (or convenience inaerted In thiJ mortgage
(ollowing the legal description, luch additional covenants &han be read and given effect u thougb (ol!owin, this covenant in con-
secutive order.
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IN WITNESS WHEREOF, the said mortgagor has caused these presents to be signed
in its name by its President attested by its Secretary
and its ccrportite seal to hereunto affixed the day and year first a~ove vritte~
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ATl'EST
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. · r.01JN'1"{ .' Of New York 8S.
I, an ~ffi~er auth~rized to take ackn~ldgements ~f deeds according to the
lava of the ~tate ~f New York duly qualified and acting h~reby, cert-
ify tha.t Gardner Cowl.. and John r. Harding
respectively, as President and Secretary ~f the
Indian River Land Inve.tment.,Inc. to me pers~nally knovn, this day aCt~nv-
ler~ed bef~re me that they executed the foreg~ing mnrtgage a.s such officers of seid
corp~rati~n nnd that they affixed thereto the ~fflc1al seal ~f said crrpcratlonj
an1 I further certifY that I ~~ the Ga1~ pers~ns making sai~ acknowledgment(a)
t') 'he the in(Uvit\ual(S) 'de"tttbel\l!-t\en~ \1110 executed. the said. mcrtgage.
IN 'I'lIlrIF.i:1 1,1HERF.()F, ~ pav& ru:reunt"} set my hand an~ off1cal seal at
New York ".:~"": Jl41d ~O\mty and 3tate, this 23 day of Karch
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My CC'mmiS31on Exp1re3: { . ~ ~_ /0 ~
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