HomeMy WebLinkAbout0833 ~ and shall perJorm, comply u~ilh A11~ QhI~P by eacl~ and every the ngreements, sfipulalions, condilions ~nd
COL•enants ~/lP?POI, A?1~ O~ ~hiS IItO~~9Q~P, ~{IPl1 ~~IS mortgnge and t1~e PSIpIP hPfPhy f/Pl1~~, shall cease. (~P-
~PRRIl1P All~ 06 11UII QR~ !'OI~. •
~ Tl11ii the mortgagor here6y ~uril~er coa~enants ancl ogrees to pay promplly wl~en clue fi?e principal ancl
~ interest an~ afher sums o~ money provic~ee~ fo~ in suid note anc~ this mortgnge, or eifher; to puy a~~ and
singular the taxes, assessments, lei~ies, lia6ilities, obligations, and e~cum6rances of euery nnture on sai~I pro-
perly: fo permit, cammil or su~fer no waste, impairmenf or ~eferiorafion oj suic~ ~an~ or f~~e improvemenls
thereon at any time: to keep fhe buildings now or hereaJter on said land (ully insure~ in n sum of not less
maximum insurable value
in n company o~ companies acceptab~e to t{~e mortgagee, fhe poltcy or po~icies !o be held 6y, and payable
to. said morlgagee, and in fl~e event any sum o( money 6ecomes ~yabl~ 6y ~~irtue of such insurance the _
mortgagee Shall ha~~p the right to recei~~e nnd apply 1{~e same fo the incle6fedness here6y secured, aecounting
fo I~e morfgagor Jor any siup~us; fo pay a~~ cosfs, c~arg~s. anc~ expenses, inc~u~ing ~au~yer~s jees ane~ tif~e
searcl~es, ~+easona6ly incurr~ or paid 6y the mortgagee 6ecause o) the (ailure oJ the morfgagor to promptly
a~c~ fu~~v eomp~y u~ith the ngreements, slipulations, conc~itions un~ covenants oi said nole a~d lF~is mortgage.
or eifher, to perjorm, complv u~itl~ and a6ide 6y each and PI~PIy ~hB agreements, stipulations, conditions and
covenunts set ~orf~ in saic~ nofe anc~ ihis morfgage or either. ~n Ihe even! i~e mortgagor jai~s fo pay when
c~ue any fax, assessment, insurance premium or otI?er sum o~ money paya~~e 6y virlue o~ snic~ note anc~ t~is
mortgage, or either, ftie mortgagee may ~y the same, wiltiout u~aining or a((ecfing the opfion to ~orec~ose
or any otF~er rig1~t hereunc,er, anc~ a11 such payments stiall 6ear interest from date thereo~ at the higl~est Inw-
)ul rate the~ al~ou~ed 6y I?~e ~au~s o) IhP State o( Florida.
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i` any sum o~ money ~erein re~enecr to 6e not pro:npf~y pnicl wifhin thirty t~aqs next a~ter .
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i'. the same ~e~comes c~ue, or i~ eac~ and es~ery the ag?eements, siipulations, con~ifions anc~ covenants o~ snic~
~ note antl this mortgage, or either, are not )ully performed, compliec! with nnd a6ided by, then tl~e enfire
'i sum mentioned in said note, anc~ Il~is mortgage, or t1~e eniire 6a~ance unpaid thereon, shall forlluuitl~ or
i' I~erea~ter, at f{~e option oj the mortgagpe. 6ecome and bp c~ue an~ payab~e, anyt~ing in saicr note or ~erein
to fhe contra notwithstandin Failure 6 t1~e morf a ee to exercise an o Ihe ri hts or o ttons herein
ry g- y s g y 1 ~ n'
pronicred sha~~ nof constitafe a u~aii~er o( any rights or options unc~er saic~ nole or fhis mortgage accruec~ or ~
therenfte~ accruing.
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~n fhe mo~tgagor {~as causec~ these presenta to ~
~-r i • , -J ~•~CORPOR~TF.
, ~ '~~r S~AL) be executec~ in its name, anc~ its corporate sea~ to be hereunto aJ~ixec~, by its ~
~ , j~ proper oJ~icers t~ereunto c~u~y authorizec~, !he c~ay and year ~irst abo~e u~rifien. ~
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~ J & L LAND CORPORATION
~ aTTEST:_..--- - ~ -
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~ r81 Cl .S . .1 tA Ser.rta
? Treas ~er
~ Signed, sealed and delivered~ln e presence o~
; , r_- gy-~~~~~<~~~~.4t_
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_ ,1~L~~ - `f~~t1..~- <v- - --~~t Patrick B. Lal ly ~ ---P«.~ ~
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~ FILEO ANO REppIID~ E
~ ~ iT. ~UCIE COUMTY '
~ RO~ER IOITAA:
CtER~ CIAC!!IT COIIRT
~ ~j RECORD VEAti1E0
1i ~ 29 z~s tM ~t ~
~ ~f pf FLORIDA SS
~ ;~p~ p~ ~ST. LUCIE 2 4 6 7 9 0
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~ 1 NEREBY CERTtFY tha on ~6u doy. 6s~onr me. m oJJK,r. ddy w,t(w.ired u~ elk Stoe. w~d Ca,ntr o~a..dd ~o taler oc4nw.~.do-
°"'°°°u' °Dp'°"`d PATRICK B. LALLY and GERALD S. JAMES
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,.~u rn,o,~., ,o ~o ~n,~a.,,~ a,~a Secretary-TreasurerM,~~;~.,~r ~ ~,,,a„~;d? ,n,~.d a
ji mwlgoyor in !~e ~orrpo4~p inafnuvN. o~ l~wl t~wy Krerr~r oe~vwuaedgrd aiKUtinp ltie wnr. fn l~v p~rw~cr o~ luo wdxri~inp rihwases.
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~ ~j Wrf'Nf~SS i.a,.d a.~d ~(?ka1 ..d u~ d~ ('.,~r ~d C~~ la.e ~a...qd du, 29th dar o/ March
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- .t :~":~i; G- My commission expires: 7- J~,
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