HomeMy WebLinkAbout0321 MORTGAGE DEED - Page Three
, of said land or the improvements thereon at any time; to keep
the buildings now or hereafter on said land fully insured in a
sum of not less than NONE in a company or companies acceptable
to the mortgagee, the policy or policies to be held by,
and payable to, said mortgagee, and in the event any sum of
money becomes payable by virtue of such insurance the mortgagee
shall have the right to receive and apply the same to the
indebtedness hereby secured, accounting to the mortgagor for
any surplus; to pay all costs, charges, and expenses, including
lawyer's fees and title searches, reasonably incurred or paid
by the mortgagee because of the failure of the mortgagor to .
promptly and fully comply with the agreements, stipulations,
conditions and covenants of said note and this mortgage, or
either; to perform, comply with and abide by each and every
the agreements, stipulations, conditions and covenants set
forth in said note and this mortgage, or either. In the event
the mortgagor fails to pay when due any tax, assessment, insurance
premium or other sum of money payable by virtue of said note
and this mortgage, or either, the mortgagee may pay the same,
without waiving or affecting the option to foreclose or any
other right hereunder, and all such payments shall bear interest
from date thereof at the highest lawful rate then allowed
by the laws of the State of Florida.
If any sums of money herein referred to be not promptly
paid within thirty (30) days next after the same becomes due, or
if each and every the agreements, stipulations, conditions and cove-
nants of said note and this mortgage, or either, are not fully per-
formed, complied with and abided by, then the entire sum mentioned
in said note, and this mortgage, or the entire balance unpaid
thereon, shall forthwith or thereafter., at the option of the mort-
gagee, become and be due and payable, anything in said note or
herein to the contrary notwithstanding. Failure by the mortgagee
to exercise any of the rights or options herein provided shall
not constitute a waiver of any rights or options under said note
or this mortgage accrued or thereafter accruing.
IN WITNESS WHEREOF, the said mortgagor has hereunder signed
and sealed these presents the day and year first above written.
Signed, seaZed and de-
livered in the presence
of : '
(SEAL)
' Richard . Stebbins
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f 'l . R. Gorham, Jr., ividually and as
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; `p ny Emp e Profit Sharing Trust
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a,Go am, indivi lly and as
rustee of Gorham Construction Com-
any Employee Profit Sharing Trust
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? _ V. R. Gorham, Sr., individually
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- NEIIL ORIFFIN JEFFRiE4 S LLOYD
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P O BOX t270. iORT PIERGE. F~ORIDA 33150 - TELEPHONE ~.305: 464-8200
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