HomeMy WebLinkAbout1455 nntl sl~a~~ pevform, c-omply ~rith nnd aE~ic~e by earh anc~ erery t~e agreemenls, stipulations, cunditions aud
carenanfs ih~reoJ, and o~ fhis mort~nc~e, Ihen fhis morf~tage nncr the PSIQ~P here6y C?PQIP~, shal~ cense, de-
lermine anc~ ~~e ~u~~~ nn~~ ~~oi~~. .
Iin~ f{~w murl~~a{~or ~~~rrtiy ~urther covenanfs ana og~ees fo pay prompl~y when due the p~irtcipal and
inlv~esl anc~ of~~er sams of money pro~~itletl ~or in sai~ nofe anc~ Ihis mortgage, or eithe~: fo pny a~~ and
sin~ulnr Ihe tax~s. ASSPSSflII'/IIS, ~~ni~s, li~bililies. o6liflafions, ond encumbrances o' pl~Ply IIQIIIIp OR SQlli ~/i'O-
perty: t enta
fh~rncn at any Iim~: !o Ic~~Pp tl~e bui~dir~ r~~n~after on said land fully insuretl in a sum o( nof ~ess
tlian _ _ - - - _
in a ~•ompanY ~-ttSmpanii~s ~c:•e~pfa~,~~ lo f~i~ mo?f~a,ryee. fhe Fw~icy or PO~ICIPS fo he {~e~~ 6y, ancr po~ya6~e
fo, sni~I ?petlc~nge~, an~I in t~~e ~~nenl ~ny sum o~ money hecon~es payah~e by virtue of such insurance !he
mort~a`~~~ sI~aII hn~~~ t1~e riqlil lo re~ceit~P and app~y fhe same to Ihe indebtedness hereby secured, accounling ,
; fo pc~y a« cusfs, cf~arges, and expensps, inc~uc~ing ~awye~~s ~ees ancl tif~e
senrcl~es, rensonal~~y inrurrnc~ or paic~ tiy f~in mo~tgac~ee ~ecause oJ the (ai~ure o~ fhe morfgagor !o prompl~y
ari~ (u~~y comp~y irit~~ t~u> agrn~vne~nfs, sfipu~alions, con~rifions anc~ covenanis o~ sai~ nofe onc~ 1{~is mortgage.
or eif~~~r; to p~rjorm. ~•omply ivil~~ an~ ~hi~e ~y eacf~ anc~ erery f~~e agreemenls, stipu~ations, concrifions ant~
cov~na~~fs set ~o~tl~ in saicl not~ and this mortgage or eilhe~. ln the e~nent fhe mortgagor jails to pay when
c~ue any fa.e, ass~ssm~nt, insuranrn pre+mium or ofl~er sum oJ money payable 6y nirtue o) saicl nofe and this
morfc~ar~e, or eif~~er, f~~~ mortgng~e m~y pay Iti~ sam~. u~ithout iunining or ajfecfing ff~e option fo forec~ose
or ~ny oll~er rigl~f I~er~wu~~r, and all such paymenfs shall f~ear interPSt (rom date thereo~ at the highest ~aw-
(u~ mtP Il~~n al~oive~l hy tl~e lau~s o~ fl~~ Slate of 1=~orida.
Dl any sum o( mon~y I~erein re(errec~ lo he not prompt~y paic~ wit{~in -3~- days next a~ter
thP sam~ {~~~~omrs due, or i~ eacl~ and ~t~ery II~~ agreemPnls, stipulaiions, conditions and covenants of said
note and lhis morfgnqe, or eill~er. ar~ not Jully per(ormed, comp~ied with anc~ a6~d~1 6y, then Ihe entire
sum mentionecl in said no?~, and tl~is mortc~nge, or t1~e enti~e 6alance unpaicr thereon, shall /orfl~with or
tl~erea~ter, at Ih~ oplion o/ the morl,ryac~e~, 6ecome an~ be due and paya6le, anything in sait~ nole or herein
to I~~e conlmry nohvil~~sla?ttling. Failurn ~~y ftie mortga~ee to exercise any oj fhe rig~fs or opfions ~erein
proi~ir~ec~ s~~a~~ not conslilut~ a u~aiv~r oJ nny rig~~ts or options ~uu~er saic~ note or this mortgage accruec~ or
ftiPrnaJh•r an•ruinq.
~n ~~~ess ~hereof~ f~u• sai~ morfqagor tias hPrpunto sig?eed and sealPd these presents the
c~ay nn~ yenr ~irsf atioi>P u+rillen.
Signe~. sea~etr an~ ~~~irrr~t~, in 1~je prns~nc~ o~:
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HIGHWAY -INVE.$Tl!'i~~!jTS s ---~NG------...- ~
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- - • - - -Y.`.,~... r.:s-.t._~._~'~~/-=''= `~.~~d'-.'s~~~
S~Spano Vice President
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~ STATE OF PLORIDA, ~ '/'r,} :
ccn•~T~• c~F Martin ~ ~i' ~
~ I HEREBY CERTIFY that on this day~ befoee~~in"e, an
o(ficcr duly- authorized in the Stat~ aforesaid and in the Count~ aforesaid to tak~ acknowledgmcnts, penonally apprared
SAM SPANO, Vice-President of HIGHWAY INVESTMENTS, INC., a Florida
corporation
to me known to 1x th~ prrson described in and who executed the for~goinq instrument and he acknowlcdged
betor~ ~ne that he ~x~c~ted the same. ~ on behalf Of Sd].CZ eorporation.
~~'I"1'\ESS m~• hand and o(ficial sca) in the~ County and Stat~• last afortsaid this 15th day o[
;~NpV~TICIU@r D. 19'j 2 i /f
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~ ~ My commission expires . ~ - ~J
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