HomeMy WebLinkAbout2655 and shall pe?(orm, comply with and a6tde by each and e~ery iI?e agreements, stipulafions, conditions nnd
covenants thereoj, and oj thia morlgage, then thia mortgage and the estate here6y created, skall cease, de-
termi~e and be null and void. •
~ the mortgagor hereby luNher covenar~ts ana aQrFg: to pay prompt~y when due ihe principaj and
Interest and other auma oJ money provided jor in aaid note and tl~ta morlgage, or eitker; to pay al1 and
sfregu~ar the taxa=. assessments. ~eutes, liu6tlilies, o6ligations, and encumbrances o( every nafure on aaicl p?o-
perty; to perntit. commlt or su~jer no waste. impairment or deterio?ntion o~ satd lw~d or fhe improvemertta
thereon af any time: to ~eep fhe 6uildings now or ItereaJter on said Innd f ully insured in a sum o~ not less
~h~ the fiill insurable value
in a company or companies acceptable to the mortgagee, the poltcy o~ policies to be heid by, and ~yabl~
to, aaid mortgagee. and in the euent any sum o f money becomes ~yab[e by utrtue of such Insurance i1~e
mortgagee a6nll have tl~e right to ?~eceive and apply the same to the i~debted~es: here6y secured, accounting
to the mortgagor jo~ any ~wplus; to pay at~ costs. cl~arges, ared expenses. Incltu,ing ~awyer s~ees and lit~e
searcl~es. .~eosoRably in~u..~d or Pa~d by the ??~o.tgagee because o` the f
nt~ure of the mortgagor to prompt~y
and fully comp~y u~ith the agreements, sfipulotions, conditions and co~ennnts of said note and thia mortgage,
o~ either to perfornt, oon+ply u~itb and abide 6y each and every the agreements, stipulattons. conditions and
coneRants set (orth in aotd nole and this mortgage or either, In the event the mortgagor jails to pay w~ien
due any tax, assessment, ~nswance premium or ot~er sum oj money ~ya6l~ 6y virtue oj saic~ no[e anc~ t~is
mortgage, or eii~?er, the mortgagee may pay ihe same, without waiving or a(lecting the optton to loreclose
or any other right I~ereunder, and all sucl~ paymenta shnll 6ear i~terest (rom date thereo/ at the highest Inw-
f uI mte tF~en allow~d 6y e6e lnws oE the State oj Florida.
any sum of money herein rejet?ec~ to be not prompt~y paid witf~in t~2'L~I days next a~ter
the sane beeomes due, or i~ each and euery the agreemenis, slipujations, condifions artd covenanb oJ satd
note and this mortgnge, or either, are not jully perfor?ned, eomp~ied with and abtd@d by, tleera tlee entire :
sum mentioned in said not~, and t6is mortgage, or the entire ba~ance unpaid the~eon, ahaU jort~iih or ~
t~ereaJter, at the option of f~e mortgagee. become and be dae and paynb[e, anqthing in said note or nerein ;
to t1~e c~ontrary notwit~istanding. Failure bq the morlgagee to exercise any o` the rig{?ia or options ~erein •
provided sl?nII not constitute a waiver o( any rig~eta or opfions under said note o~ this mortgnge a~cn~ or
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thereaf
ter accruing.
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= - ~ fCO~ORATE ~n ~t~ the mortgagor {~as caused these presents to
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~EAL) be executec~ in its name, and its corporote seal to be hereunto nJ~ixed, by its
+.~~,_.._..s~ ;
proper o~jicers l~ereunlo tluly au!{torizec~, the day ~d y~ ~irst nbone wriiten.
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. , . y~~~-~--~,~~d~,y~---- LEROY E. SMITH'S SONS, INC.
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E n R. Smith, ~a~
.
j ned, a and de in tlee presence oJ: ~
~ By-- --f
~ - Gay L. P~~
' sT~iu°ciE couNtr Fii°?.
aocEa ~a~Ta~?s
CIERK CtP.CU1T COURT L~
RECORD vERIfIED~
,1~ I 9 ~9 AH'7t
0~ Florida :
0 f Indian River
I HEREBY CF_RTIFY e~r ~~1~:, dar. b~/o~.r w~ ~IiRr ddr ou~h~wized ~n d~ S~~ ~d Cowur oJonso~d b ~ak ~I~a.~l~-
°"~°"°~i' °Pf"°"d GAYLE L, SMITH and ELSON R. SMITH,
.~,~i ~o ~o ~ rn,~a~, ~a Secretary, n.~.~~, d• ~ ~.o,.~ ~
morlgogor in ltie ~on9oin9 insfrumrM. and I~wf 1/iry sr~rro~~y ac~rnou~edge~ execufing l~e same. in I~e prrsenn o( lu+o wbsaibing ari[nessrs.
(.~ly a.~d ro1~~wJy ~,.Nl.r a,.da.~tiy d„Ir n~ted ~ th.,~ 6y ,~d ~o.~~«~ ~d t?at d~ ,~i o/ju~d dk..eo r, d.r a..~ ~I a/
so;d .v.yo.uNan. r~
WR~~C$ my tiar~ and o~Jicia~ sea~ in ltie Counly and $tate ~f o(ansoid ttiis Jist daY o~ May .
~1. n. 19/L.
"
3'i1E oa'~• .
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" ~ ~ ~ ~ a blic, tat Fl a at
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~ ~;~a y Co mission e ires:
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" " Retary Pub~c. St~te of Rorida at larq~
C~F
'~~l I`"', , My Coaumsios E:~es Sept. 24, 1972
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6~~'~~ ~,~v ~LW Aw.erur: iu S :aw~Nr Go.
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aoo~ 409 ~AC~ 7~3
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