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and shal[ ~~f
orm, comply with and a6ide 6y eacl~ and eue?y the ag~c~ments, stipulatFons, conditio?u and
couennnts tkareo~, and oj thts mo?tAn9e, then this mortgage ond the estate hereby c?ealed, shal! cease, de-
termiRe and be null and votd. ~ ~
~ ~he mor:aagot he.~6y (urlher covenanb and agree: to pay promptly when due t1~e principal und
inte?est nnd other aums o1 money prouided /o~ in said note w~d thu mortga9e, o~ either; to pay all and
singu~ar the taxes, assessments. ~evtes, ~tubi~ittes. ob~fgafions, nnc~ encumbronces o~ every rtature on said pro- `
perty: to permif. commit or suf~er no waste, impairnnent or detertomtion oI said land o~ the irnprovemenfs j
the?eon at any lime: to keep the 6uildings now or herenjter on snid Iand Ju1ly insured in a sum oj not lesa ~
th~ ~i IL .
in a compnny or companies acceptn6le to tl~e morfgagee, tl~e policy or policies to be 1?eW 6y, and payn6le ~
fo, said mortgagee, and in tF?e event any sum oj money becomes ~ya6i~ 6y virtue oj such insumnce the
mo?tgagee shall have the rigl~t to receiue and apply the snme to tf~e indebtedness here6y secured. accounling
fo the morlgagor jor any surplus: to pay a~~ c~osla, c~arges, anc~ expenses, inc~uc~ing ~awyer s~ees nnc~ tit~e
searcl~es, reasonnbly insuned or pnid 6y the morlgngee because oj the ~ailure oJ tke mortgagor to prompf~q
and /ully comply with the agreements, stipulations, conditio?u nnd covennnts of said note and this morlgage,
or eitl~e~; to perjorm, eomply with nnd n6ide 6y each a?id every the agreements, stipulntions, condilions and
covenants set ~orth in said note nnc~ t/~is morfguge o~ eil~er. In ihe e~ent t{~e mortgngor ~ails to pay w~en
dus any tax, assessment, insurance premium or other sum o~ mo~ey paya6le 6y virtue oj said note nnd ll~is
mortgage, or eiiher, fhe morfgagee ??~ay ~,y ~he same, u~il{~out waiving or a~~ecting the opiion to fo?ec~ose
or any oflte~ right hereuncler, and all such pnyments shall 6ear interest /rom date thereo( at the f~ighest Iaw-
/ul r~ate then allou?ed 6y Ihe Inu~s o( !tie State o/ Florida.
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any sum o( money {~erein referre~ lo he noi pro:nplly paid within daya nex! aJler
tl~e snme 6ecomes dup, or if eac6 and euery Ihe ag~eemei~is, stipulalions, conditions and couenanls o/ said
note and ~h~ mortgage, or eitl~er, are not /ully perJormed, complied with a~d a6~ded by, then the entire
sum menlioned in said note, and Ihis mort~age, or the enlire 6alance unpaid thereon, sF~a~I jortluuiti~ or
thereajte~, at lhe option of !he mortgagee, become and 6e due and paya6le, anything in said note or 1?erein
fo t{~e contrary notwithstnnding. Failure 6y ihe mortgagee to exercise any o) the righls or options herein
prouidecl s~a~~ not eonsfifute n wnivnr o~ any righfs or options under snid note or Itiis morlgage accruec~ or
~ lf~ereaf ter accruing.
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~ Q• ~n ~~Li~~ ~p~~~ f~e mortgagor has caused lhese presents to
S ~1.• 6e executed in ils ?iame, and its corporate seal to be hereunlo aJ(ixed. 6y ~ts
.:~i~'~,-~•~'.~~~~•~~~~ - pro O~ricers tI?ereunto cluly autF~orize~. ~~C j^u= {F~/ u~43i•? L£'!:!In.~.
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' A-~~. _ ~ _ ___DISC _~evelopmer* Tr tee Inc.
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~ • FIIED AP~D RECORDED ~ ~
~ - - -~-d~--l-~_.-- --------LQglt..~------------~------- Si. LU~iE COUD~TY. FIA. ~
~ ;-:_-^o~~r, ~
18811:~
'70 J~~J 9 PM 3:38c~~
a ~c;~-\
Of MARYLAND :;o _ ,-~~:-R,.S
~VUII~ O` PRINCE GEORGE'S CLE~K C~ttLI.~! i C~URT
~ ! HEREBY CFRTIFY ~lw~ on ~l~~s da~. 6~(a~t rn~. an o~(itrr ddr wdlariud in ~1~e S~ole and CouMr a(orirwid ~o tafer «b~w~~rdq-
~~~s• ~rs«~~r ~vv~~ HOWARD MICHNICK
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~ u~ell ~now~ to me fo be ~I~e P~esident ond ---------?es~xNin~r a/' Il~e ewvo?a~an eamnl as
mo?Igagor in Itit ~wegang insrnunenf. ond I~at f~er serr?a~~r ac~rnou~edged ezeculing l~r :amr. in l~v prraenc~e o~ luv wdaaYi6ing uilnrssrs.
d (ree~y orw~ oo~untar~~ u+dtr au1l~oril~ du~y rrslsd in ll~em by soid cnrpwalion and t6ut !6e sral a«ixrd tlwrrto is ll~t Irue cwpwnlt ssal o~ '
3 so;d corpa?et~oa. : .
~ ~;.~i~~s~ ~a ~f~t ,~d ~k ca,.~,r ~a s~~~ r~ ~«r,aa Sth d~r January.
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# ° , ISO~~~ T "FUk~Ii-~--
~ i' « r;y Co , m. expires t~ X1. i970
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