HomeMy WebLinkAbout0199 and shall per/onre, comply with and abide 6y eacl~ and every the agreements, slipailations, condilions and
couenanis lhereo/, and oj this mortga~e, then th~s mortgage and the estate herrnby creafed, shaU c~ase, cle-
termine and be null and void. ,
1i1~ the mortgagor hereby ~urlf~er coi~enants and agrees to pay promptly when due the principal nnd
interest and othe~ sums of money prontded (or in said note nnd this mort9age, o~ eithe~: to pay al[ and
singu~ar !he taxes, assessmenfs, levies, Iia6ilities, o6ligalions, and encum6mnces of euery nature on said pro-
pe~fy: to pe~mif, eommtt or suj~er no waste, impairment o~ c~eteriorolion of snic~ ~a?ic~ or [~e improvements
ther~.wn at any time; to keep the 6uildings now or F~erea/te~ on said Iand /ully insured in a sum o~ not Iess ~
than FORTY THOUSAND AND NO/100------------------------------
in a company or companies acceptab~e to Ij?c morlgaflee, t~e policy or pollcies to he hr~~ ~y. and pnya6le
fo, sai~ moNgugee, anc~ in t/~e euent any sum of money bc~comes pnyati~e 6y uirtue of such insurance f~e
mortgagee shall have the right to recetoe and apply Ihe same to 1he.tndebiedness I~~~re6y secured, accounling
fo !he mortgagor ~or a~ey surpJus; io pay a~~ cosls, charges, anc~ expenses, inc~uding ~awyer~s jees and tit~
seprches, neasonably incurred or paid 6y the mortgagee because o( fhe ~ai~ure o~ !~e morfgagor to prompf~y
and /ully rnmply with the ag~eements, stipulations, conclitions and covenants oJ saict note and lhis moHgage,
or eilher, 1o per~o~m, ~o?nPly w<<h a,?d a6~de 6y ea~~ and every the agreements, stipu~ations, condittons and
covenants set jorth in said note and tl~is mortgage or eitF~er. In the event the mortgagor ~ails to pay when
~ due any tax, assessment, insurance premium or otl~er sum o~ money payable by virtue o~ said note and tleis
mortgage, or eilher. t{~e mortgagee may ~,y ihe same, without waiuing or a~(erting t{~e optio~t to (orec~ose
or any other right I~ereunder, and aIl such payments shall bear inferest ~ror?~ dale Ihereo/ at the highest Iaw-
, juI rate Il~en allowed by fl~e Iaws o/ the State o/ Florida:
~L any sum oJ money herein ~eferrecl to be not pro:npt[y paid within 3~ days reext a~ter
tf~e same 6ecomes due, o~ i/ eacb and every I~?e agneements, stipulations, condetions and coi~enants o~ said
nole and Ihis mortgage, or either, are not jully perfornsed, complied wit/~ and abtd~d 6y, tl?en tl~e entire
sum mentioned in said nole, and t{~is mortga~e, or ti~e entire 6nla?ice unpaid thereon, shal[ /orthwith or
thereajter, at tl~e option of t{ee morfgagPe. 6ecome and 6e due and paya6le, anyt(~ing in said note or 1?er+ein
to t{ee contrary nofwi!{~sfanding. Failure 6y the mortgagee .to exercise any oj ttie rig~fs or options ~erein
pro~idec~ s~?a~l not constitute a waiver o~ any rights or opfions unc~e~ saic~ nofe o? fhis mortgage acc?uec~ or
4
i therea~te~ accruing.
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~ ~ ~ A ^ , i , RATE ~n ~~~~s ~I~L~~` the mortgagor ~as cnused fhese presents fo
` ~ a~""~'~~AL) 6e executed in its name, and its corpornte seal to be hereunto ajJixed. 6y ~~s
. ~ .g i = . ,
.~~,7`t I ' proper o((icers thereunto c~u~y aulf~orizec~, tF~e dny and year first a~iove wrilten.
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i ~'r~s r:sN ~ j ~ ~ ~
; ~ B& B MACHINE SHOP, INC. '
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; $ignc~, sea~e c~ c~e~ivered in t e p e oj: +
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ffi~ Q~ FLORIDA
3
~f ST. LUCIE
' 1 HEREBY CERTIFY el~ot on ~6~s da 6~ on mr, o~
a ~ Y. ( o()irn duly~au~F~aiud in t/~e Slat~ and Couney o(onwid to fa~t ac~noudadg.
x I menfs. penonallY o~P~ored
: Harry L. Bishop a.nd Lavon Bishop
ur~l ~nown lo mt to be t~t Presi~ent ~ Vice President
3 rvs~xrtitwly of' t~e carporalion namrd at
~ ~ mo?tguqor in (~e ~wegoing instnunen/. artc~ f~wt /~+ey urenu~~y a~lenou~vdpvd ezecuting l~e? ximr, in Itie pmsencr oj luro w6soibing uilntsxs.
; ~ree~y ancr ~+uetari~r un.~~ au!{~arily du~y nestrd in ttiem by snic~ coryoraliun and ltiat I~e xa~ af(i:vd I~er~efo i~ t~e Irue corpornlr sra~ o~
: ' ~ sa:a ~u.pn.ol~on.
_ ~vrr:ve~s m,, r,a„a o.~a o~(«<d xd ~r~ ca..~~, ~ s~~e ia~ aJ~,o;a 20th ,~p ~ Dec.
~ A. n. io 73
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= 2'71~3~ r~'~~~;~'°~~~• -
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~ BOOK PAGE ~9~7 ;
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