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ond shall per(orm, rnmply ~uilh ancl abtds by each and every fh• ap?eomenfa, :fipulalion~, .•ondilion~ and ~
covenanls ~hereoj, nnd oJ ll~is mortgoge, ~hen thl~ mortpage and ths e:tal~ I~ereby CIP/lflKl; il~all c~asP, de-
te?mine and 6~ ~ull and ~~otd.
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~ the mortgagor hereby /wlhe~ covenanls and ng?w~ fo pay promptly whsn due tl~s princlpal an~ I
~ interesf and ofher sums oj money provided jor in said nots nnd fhia n~o?fgage, or eil~or; to pay a~~ nnd
singu~ar fhe iaxea, assessmenls. ~evi~s, Iia6ililies, ob~igotlons, and e~cum6wnces o( euory nature on satd pro-
perly: fo permil, commit o~ sul~er no waste, impai?menf o? deferio?afton o~ sald ~anc~ or ftie tmprovemenls
thereon af uny time: to leeep Ihe 6uildtnga now or horea~lsr on aald land (ully Inaurc~ in a sum o~ not Iea:
than maximum inaurable value thereof
in a company or compantes acceptnd~e fo fhe mo~tgagee, Itie po~lcy o~ po~icies to 6e held 6y, and paya6ls
to, sai~ mo?tgagee, nnd in fhe evenl any sum oj money becomes payab~e ~y ulrlue o~ such inruranco 1{~e
mortgagee shall have fhe ri~1~t to receiue ane~ apply the same Io tl~e 1nde6teclness hereby sociued, accounfing
to the morfgagor ~or any surp~us; to pay a~~ cosfs, ctiar{~ps, and expenses, inc~uding ~awye?~a ~ee~ and Iti~e
searches, reasona6ly incurred or paid by Ihs mortpagee ba~use o! fhe ~ai~w~ o~ i~e morlgagor !o promp~~y
a~ic~ f ully comply wifl~ Ihe agre~m~nts, slipu~ations, condilton~ and covenanls o( satd note and thta morlgage.
or either: to perjorm, comply wItl~ ond abide 6y each and every the agreemenla, sftpulattoru, condiltons and
cot~ennnfs sef forth in sai~ nofe and fht: mortgage or etttier. In fhe event Itie ?nortguAor ~a1~s to pay iu~en
due any tax, ussessment, insurance premium or otl~er sum o~ money paya6le by virtue oJ suid not~ nnd Ih~.
morfpagp, or eif{~er, the morfgageA may pay fhe same, without waivtng or aJJecttng tho op~ion to forec~oie
or any other right hereunder, and all s~«h ~y?~p~~~s ahall 6ear intere:t Jrom date thereo~ nt Ihe {~igl~eat ~aw-
/u! rate then allowecl 6y 1he laws of the StatA oJ Flor~dn.
~l any sum of money herein reJerre~I fo be nof pro:nplly patcl wifhin thirty daya next a~ler
the same becomes due, or i~ each an~ euery ftie agreemenfa, stipu~afions, conc~ittons and couennnls of snid
note anc~ t{~is morfgage, o? eilher, nre not ~u~~y per~ormed, comp~Ied wtf~ ant~ a6id~d 6y, fhan fhe entire
sum mentioned in said no1e, and lhia morlga~e. or the entire 6alance unpaid 1h~reon, ahall jortluqtlh or
tl~e?ea(ter, at ti~e op~ion o/ ~he mortgagee. 6ecome and 6e due and paya6le, anyf{~Ing tn snicl nofe or I~erein
to the contrary notwithsfanding. Failure 6y Ihe mo?Igagee to exerciae any o~ the righls or options heretn
provided a~a~~ nof consfitule a waiver o~ any rigf~is or options under saic~ nofe or fhis mortgage acc?uec~ or
therealter acc?uing. _
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• a' v ~n ~~~II~ fhe mortgagor {~cu caused t{~ese presents !o
~ _ :~`~1~%,-;,~y~yC , he executed in ift nume. and ils corporale sea~ fo 6e hereunlo nJ~txec~. 6y i!a
~ ~~•~~~3' ~~t~~' ~-r, ~ proper o~(icers thereunto duly auf{~oriud, Ihe cjay and year (irst a~iove written.
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' ',~,f . INDIAN RIVER COMMUNITY COLLEGE
f -o~,~
, .FOUNDbTIO~I:.~N~........................._..._....---._....._.....
~ ' , s ~ : . sK~~er,
Signed, sealed and deliaered in II~e ?esence o~: ~
By.,~~~~1~~-..... .
_ .
_ ~ - - ~
Ira M. McAlpin, r.,Vic~'«~
_...~!~-r.- _ ._.r-~:~v..----'~~
~ f1~E0 thG RE~4AOE0
:1. WCIC C4UNTY FLA.
aocE~ ~~~TRAS ~
CIEkK L.:~+LUtT GOURT
~ R~~~~~ VFt':':ED
~~s1•3i
i Q~ FLORIDA N~r [8 4 i9 PH
~Ull~ Of ST. LUCIE
1 HFRFRY CFRTIFY ~ko~ ~ du, Jar. 6.(a.r w~ ~(~ce? ddr a~lwr~ud ~n d~. Saa anJ ('ou,ur o(~,.•wd a aL. «Irw~~bdo.
~
a.~~,lly ana~r•~ IRA M. MCALPIN ~ JR.
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x; f! uvll knuu~n to mr to be Il~e QiCe P?~~dvnl ~r ~(~Y7~ ~ 11w coryo?ulwn nanrd a~
i` mplgagor in ltit ~orvgoing insUumrnl. and I~ol I~ty f~nrra~~~ ac~rwuaeaprd r~~cuiup I~v aumr. In 1~w (M~irnr~ o~ luo ~u~»cn~Nnp wlw~w~.
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rfff'V OR~ ~W1~~) Uh~ff OU(~~t~ d„!y fY3~f~ lIl ~~T ~Y ~~OI~NMI~NM~ ~~W~ ~ N~ 0I'1lld ~IMnw IS ~AM (O~(11M0~1 VO' Y~
~;d ~o.~.o~;~. ~
i! WR\F~S my ~as~ nna u~~icw~ uo~ in !~r rounfy on~ Slal~ ~wl a~wrw~ 1~~~~ 28~ ~uy ~y
14 n. ~974 -
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~ d`~.~~TARY ~UBLIC , State of F],brida at .
~ ; ¢ : .Larqe.
, ~ _ ~ : ~ .
- W : - 1 ~ conmission expires : 4/7/78
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