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- ~ nnd sl~al! perjorm; comply w~el~ and abide by eac~ and eusry t~e agreements. atiputationa. c~ondtttona artd
oovenanb thereoj, and oj thia mortgage, then thta mortgage and the estate here6y created, shaU oease, de-
terntine and be null and void.
T11fl~ the mortgagor herebp furl~er conenanb ond agreq to pay prompf~y when c~ue fhe prdnctpa~ and
interest ond other aumi of money provided ~or in soid nob and thta n?ortgage. or efther; to pc~y aU and
aingu~ar t~e taxes. aaaesamenls, levtes. ~Iabt~ities. o~i~tgattona. arttl encum~ir+orecea o` euerp nnlura o~ said pr~-
perEy: to permit, c~ommi! or au~fer no wmte. impairment or deterior+alQon of aai~ land or t~e improvemenfs
t~eneon at arty time; to Ireep tlee butldtr~g~ ~ow or herea/ter on said land /ully insured in a sum oJ not ~ess
tlzwwa h~~rs~ ~~?t~tea2 ao ept
61e eo ~t~ie mo::gagee.~e~e po~tc~i or ~olicies eo de ~eld~by: and puyable
in a co 0
to. aaid mo?tgagee. and fn t~e euenf any sum o~ money ~ecorraes ~yabl~ by virtue of auch inswance t~e
mortgagee ahaU have the ~tgl~t ~o receive and apply the same to eha indebtedness here6y a.ecured. ac~eounting
to tl~e mortgagor /or any aurplua; to ~xiy atl ~o,t~, cbarges, ar~d expe~se~, ~ncludtng lnwyer a(eea and ttt~e
seanchea, neasonably incun+~d or padd 6y the mortgagee bacnuse o/ the ~ni~ure o( the mortgagor to prompllq
anc~ juUy oompjy wit~i t~e ngreementa. sttpulations. c~onditions and oovenanfs o/ satd note and this mortgage.
or eitber; to perjorm, c~omply wtth and abide bq each and eaery the agnements, at~pulnttons, condittona and
c~ovenants aet jorth tn aald note and thta mortgage or ettleer, lre dee eaent Ihe morlgagor /nlls to pay when
due any tax, aasessment, insurance premium or other aum o/ money payoble by vi~tue o/ satd note nnd ihis
rnortgage, or eitleer. !he mortgogee moy pay I~e same, wit~out waiuing o~ ollect~ng tke optton to ~orec~ose •
or any other rtgl~t hereunder, and ull ~ud~ payments thaU 6ear interest jrom date thereoJ at t1~e highest Iaw-
jul nnte then allowed by ~he laws oJ the State oJ Florido.
~l ariy aurn o~ money l~erein re~emed !o be noi pr+omptjy paid wittiin this'ty (30) daya next af
ter
the same becomes due, or i/ euck nnd et~ery the agreementa, atipulations, conditions and oonenanb o/ said ~
note ~d th~ mortgage, or either, are not /uUy per/ormed, complied with and abtd~d by, ti~en the entire ;
sum mentioned in said note, arid i6is mortgage, o~ tl~e enfire balanc~e unpnid thereon, ahnU fortliwitlt or ;
therenf
ter. nt l1~e option of tl~e mortgagee, bec,~ome nnd be due and paya6[e. anything in said note or herein ~
to tl~e contrnry notu~ithstanding. Failure by the moMgagee to exercise any o/ the rights or options herein it
provicled shal~ not constitute a waiver of any rig~ts or options unc~er said note or ihi~ mortgage aa~uec~ or !
t
t erca ter c~cc~uir~g.
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A ,~~'p~~ i1L ~~LILL~I 1V~~ the mortgngor ~ias cnused these preaenfs to
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'••.,...••'SE.~L}' be executed in its name, and ita corporate aeal to be hereunto a(~ixed. by i[s
prope? ojjicers thereunto duly authorized, ehe day ~d y~ first aGone wriiten.
A-~~; . ~ LAKESIDE GARDENS, INC. a
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p Zipes s~.ry --------•-FIo"rid'"a"'co~p~Y~t ~c~~t'-•------•-•--------•----•-•------
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Si , sealed and delivsred in the presence oj:
B'Y---...--•--- • • • - -
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M. A:Ram"sey g
~~A~P Of FLORIDA
~f ST. LUCIE
( HEREBY CERT/FY ~ o~ dr. ~y. b.(o.. a„ a//r«.~ ddr awla.i~d r~ J~. S~r~ d.d C«.,~er a/a+,~,~d ~o e~ ~&,~d~-
~r ~•a M. A. Ramsey aad Phillip P. Zipes, Presideat and Secretary
of Lak~~side Gardens, Iac. a Florida corporation;
wrp bww. 1s .w. fo b. tl~. Pre,+d..y and Se cr8tary ?espntio~e~r o/' d~e oorpaot+on nomrd w
++~?4wp? ~~/~o ~b+•~~. wd tiwl ther ,ror.ollr «4no.~l.dped e:rcv~p ~l~. ,u.~e, in tl~e we~.ne~s u/ two ,u6wtbiny r,uees.es.
l~G~" ~i~qd~~;Y
~v~wpri~~ uhdy aorlweur dul~ n~e,~.d in e/~nw 6y ,oid ~o.pao~ion and t/~oe d~e ,ed oj/i~sd el~nrw t, tl~. a„e nq~r,q,y~e ,ea! oJ
a•~+o~P4[4"°"r / ~j J ~~J j: ) f•
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'':,.:'?ur?'NE~,S ?,~a dd ~Il~t ,~1 ~ c~, ~d sw~ ta,~ ~«r,~a a~, .~~%Jutie : ,
:~:~;-n. ~969.`~1~:' r' • ~
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NOTARY PUB'~•••••••••'~`Z
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Mq..a~nmiseion expires: 9 - /0 -'7 'L ~'T~Ti~~ y/~~i~~i;'}
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BOUK ~78 PacE 583
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