HomeMy WebLinkAbout2616 and s1~a11 perJorm, rnm~r~y tv~ and abitle 6y eack and every Ihe agreemenls, stipulations, conditions and ~
covenants ~hPIPOf, and oj thls mortgage, 1l~eh thts mortgafle and fhe estate heri~l,y ~~rE~nted, shall c~>ase, de-
termine and be null and void.
Illi~ the mortaagor hereby f urther covenants and agrees fo pay promptly iuhen due the principal and
interest and other sums oj money provided fo~ in satd note nnd tl~is morfgage, .or elthe~: to pay all_ and
singular the taxes, assessments, levies, lia6ilities, obligntions, and encum6ra~ces oJ eve?y nature on said pro-
peNy; to pe~mif, commif or suJjer no wasfe, impairment or c~eteriorafion o( saic~ ~ani/ or fhe improvements
fhereon at any time; ro kQQP rhe 6uildings now or hereQ~ter fln said [and Jully insured in a sum oj not less
tha~ Se:ver.teen TY~ou~an~ Five HL.ndred t~nd r~o/100--------($17,SOC OC~)
in a company o~ companies acceplab~e fo Ihe mortgagee, the po~icy o~ po~icies lo ~~e f~~~~ tiy, end ~wya6le
to, sait~ mortgagee, onc~ in !he even! any sum of money 6ec-omes payabl~ by virlr~~ o) su~l~ insuronce the
mortgagee shaU haae the right fo recee~~e on~ opp]y !{~e same fo llie in~e{,le~ness ~~eref,y securec~, accounting
ta tf~e ~teortgagor ~or any surplus; b pay n~~ cosfs, c{~arges, anJ expenses, inc~uc~in~ ~awyer~s ~ees ancl fif~e
searches, reasona6ly incurred or paid 6y the mo?tgagee 6ecnuse oj 1he (ailure o~ the mo?tgagor to prompfly
a?tt~ jully comply with t~e agreemenfs, stipu~afions, cone~ilions ancl covennnts o` saic~ note anc~ Ihis mortgage,
or either: to per`orm, comply with and a6ide by eac1~ and every the agreemenfs, stipu~ations, conc~itions und
covenants set Jorth in said note and this mortgafle or eithe~. In t{~e pnent t{~p r?iortgagor Jails to pay when
c~ue nny tax, assessment, insurance premium or ot~er sum oJ money paya~~e ~y nirtue oj saic{ nole ant~ I~iis
mortgage, or eit~er, t~e mortgagee may pay the sarne, without u~aiuing or a~~ecling Ihe opfion fo Joreclose
or any olher right /~ereuntler, and alI such payments shall 6ear interest /rom dale thereo) at tlee leig{eest ~u~-
(u~ mte then a(Iou~ed 6y the ~au~s of fhp Slate o/ Florida.
~L any sum o( money ~erein re(e?red to be not pro:»P~[y ~td wit~~in t}iirty days next u~ter
~ fhe sam~ 6ecomes crue, or i( ench and every flie a~reeme~ils, stipulations, conditions and conennnts o) said
note ancl tf~is morigage, or either, are not /u~ly per)ormed, complied wit{~ nnd a6ided Ly, i{~en the enlire
~ sum mentioned in sai~ note, and fhrs mort~n~p, or the enlire 6alan~P unpoi~ thereon, sha~I forthwith or
~ therea~ler, at the oplion o~ t{~e morlgagep. ~,e~ome and he clue a~d paya6le, anything in saic~ note or herein
~ to t~e conlrary notwit??standiny. Failure 6y d~A morl~ayee to exercise any of the rights o~ options ~erein
i provic~ed shal~ not conslitute a waiver o~ arty rights or options uncler sai~ note or thia mortgage accrued or
lhereajter nccruing.
~
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, q -i .~~ORATF_ ~n ~~tness ~hereof fhe mortgagar has caused fhese presents to
` i_^ ~ - I.) be executec~ in its nnme, nnd iis corpornte sea~ fo 6e I~ereunto a~Jixecl, by its
~ ti ~ J : ~
_ N . proper oj~icers thereunto duI_y nulhorized, el?e day and yea~ ~irst abo~e urritten.
~ 1~~-C `
~'Ar ~t~~(L"~.,,~ . _ PFARL.CONSTRUCTION COI~!iPAh'Y.- -INC.
~ .
'"~n,n,~~~~~~~ • ` G«~~e?~/Tieasurer -
Sig~,.s ~ecl,and deli~e~ec~jin tf~e prnsence of: ~ J "
? ~ J /
~c, ~ ~ ,
.~.G~----= ----~"L2~T By--~' .~:~G_C~tr._.._-----------•---••-
- -
I ffSt,~nf
~ . _ ~ " "
. /
~ oE F~-orida ~
~ O~ Gt. Luci.e
! ~ •
~ 1 HEREBY CERTII-Y tlw~ on t6i~ dny. f,«(orn .ra. an o??im. d~Jy uu~i~o.ized in ~I~e Sr.it~ orul ('ounty u/o.rsai~[ to taler «~4nua~edg-
~ mpnls, pPrsoa~olly appeand G~.ry I•. PEarl an~ Phi li~ Peexl
~ Secretar
,,,~rr ~~o,.n eo b~ ~i~ Preside~e a.~d y/TreasLrer
resprclirel~~ f{~r cn~rp~xafian nanw~ ns
~ ~ morigagor in !~r jorrgoing instnunrnl. and thal tltry irt~era~~y ac~rriou~v~~gr.[ eirc+~finq Itir aamr, in I~r prvsrn[r o~ Inv su6seribing u+itnrsses.
~ JfPP~y O!2!~ ~INr4Ii1y l[~UPf Oflt~11)' ('PS~P~ In ~~rm 6y SOJ~ fpJl(NY~1Ot1 ~ ~~1~~ (IIP SPU' OJ~ItPI~ ~liPMtO Ii ~I~P ~1Lt MfPpfU~P Sf~ OJ
30lA fOlJN/IU~/OJ~.
! Wfi';\E~S my 64.~d a.~d o((~nd xd e6p CW„~~y a.~d ~«P a)~~;d ~6;, 15th da~ „J Janu~~ry
~ A. D. ~v 74
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