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shall be repaid by the Mortqaqor to the Mortqaqee upon demand.
3. To observs all of the provisions of the Declaration of Condo=ninium
of ~TINDMiLL VILLAGE BY THE SEA CONDOMINZVM NO. 1 as recorded in
Official Recorda Book 189, on paqes 1887 through 2007 uf the public
Records of St. Lucie County, Florida, and to perforn? all of the ob-
liqations provided thereby. l~ny failure to do so which ie aot cured
within thirty days after notice qiven by the lriortgaQee to the Mortqaqor
. ahall constitute a default under this mortqaqe.
4. To cwn~ait, permit, or suffer no waste, impafrinent, or- deterioration
of the mortqaqed property.
5. To pay all expenses reasonably incurred by the Mortqaqee because of
, failure of the Mortqaqor to comply with the agreements in the note
or this mortqaqe, includinq reasonable attorneys! feea. The cost
thereof, with interest thereon from the date of payn?ent at the same
rata as specified in the note, shall also be secured by this mortgaqe,
and shall be repaid by the Mortqaqor to the Mortqagee upon demand.
6. If any payment provided for in the note is not paid within thirty
days after it becomes due, or if any other aqreement in this mortgaqe
is breached, the entire unpaid principal balance of the note shall
imm~ediately become due at the option of the Mortgaqee, and the
Mortqaqee may foreatose this mortqage in the n?aruier provided by law,
and have the mortqaqed property sold to satisfy or apply on the indebted-
ness hereby secured.
7. The rents and~profits of the mortgaged property are also hereby mortqaged. ;
If proceedinqs to foreclose this mortgaqe shall be instituted, the court
havinq jurisdiction thereof shall appoint a receiver of the mortqaged
property, and apply those rents and profits to-the indebtedness hereby
secured, reqardlesa of the solvency of the Mortgaqor or the adequacy of
the security, upon request therefor by the Mortgaqee.
IN WITNESS ~REOF, the said Mortqagor has hereunto siqned this
mortqaqe the -L1 ~7~. day of April ~ 1971 .
_:._r-
S' the pY'@8@At~ Of : FR~VEL, INC.
BY: - al)
President ;
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Att st : ~~;e~? .
~ Secretary tti{I<t1i/r~~~j~/!} ~
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~ ill PAYYEM OF TAXES =:~~G~~~" • -~i-""•~
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f d~ri~~ ~i ~~~i~F r~ r~~„' ~ ti i_
~ pll~;At1T TO CHAP'tER 2072~. ~ Of 19i1. ~ ^
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STATE OF FLORIOA ~ ~ `"'~i: `
11+ COUNTY OF 1"~?RTIN
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~1 ~.,o..n, ,~,Ra FR7~N1C R. 'MP?I.OCSt?Y and VELMA N~?LOCSAY
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