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and shall perJorm, comply wifh a~d abide 6y each and euery Ihe agreements, stipulntions, condilions and • '
covenanis thereof. a~d o/ this mortgage. Ihen tl~is mortgage and the estate hereby crented, shall cease. de• :
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termine nnd 6e null and ~oid. '
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~ tl~e morlgngo~ I~ere6y (urt{~er covenanls ancl og~ees to pny prompfly wl~en due !he prtncipal and '
infe?esf anc~ of{?e~ sums oJ money providec{ ~or i~ suid note anc, Itiis mortgage, or eilhe~: to pay a~~ nnd
singular Ihe tnxes, assessments, levies, lia6i~ities, obligations, and encumbrances of every naiure on iaid pro-
pe?fy: to permit, commit or su(~er no wasle, impairment or deferioration o~ satc~ ~nna or !~e improvemenls
thereon at any time; to ~sep t{~e ~ui[dings now or hereajler on said land jully insured in a sum oJ not less
tl~an Not Applicable ~ -
in a company or companies accepta6le to If~e mortgagee, the policy or policies to 6e I~eld by, and paya6le
to, said mo~tgagee, and in the event any sum oJ money 6ecomes payable by uirtue oJ such insurance Itie
morlgngee shall have the ?ight to receiue ~nd apply tl~e same to the indebtedness I~ere6y secured, accounting
to !he mortgagor ~or ony surp~~u: fo pay a~~ costs, ctiarges, anc~ expenses, inc~uc~ing ~awyer~s fees and tifle #
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sen?ches, reasona6ly incurr~d or ~,~d by ~he mortgagee because oj t{~e /ailure o/ the mortgagor to promplly ~
aiec~ ~u~~y comply u~itti the agreements, stipu~alions, conc~itions ant~ covenants oJ sai~ nofe and this morlgage. ~
or ei!?~er: to perjorm, comply wilh and a6ide 6y eac{~ nnd e~ery ~I~e agreements, stipulalions, condilions and
cove~ants set (ort/~ in said note and t{~is mortgage or either. In the event tl~e mortgagor (ails to pny when
due any tax, assessment, insurance premium or ot1?er sum o~ money paya6le 6y virtue of said note and Ihis
mortgac~e, or either, t{~e morfga~ee may pay t/~e same, wit{?out waiuing or a~jecfing the option to jorec~ose
or any of{~er rigf~! hereunder, nnd all siicti payments sha[I 6ear inlerest Jrom date thereof nt the higl~est Iaw-
ju! rate then nllou~~l 6y ~he la~us o~ 1he State o/ Florida.
any sum o~ money herein re(err~~ to be no! pro:npl~y pnicj wilhin 30 days next ajfer
the same ~ecom~s c~ue, or i f each a?~~~ ~~•c r~ 1~~~ agreements, siipu~ations, conc,ilions anc~ couennnts o( saitl
note and this morlc~a~e, or either, nr~~ r~o! Jully perJormed, complied with and a6~ded by, then tl?e entire
sum menlioned in snid nofe, nncl Ihis mortgac~e, or the entire bn~ance unpaid fhereon. :hall jortluqillt or
tl~erea~ter, at the option of the morlgagee. become a~d 6e c~ue antl paya6le, anything in said note or' herein
to the contrary notwithstanding. Failure 6y the morlgagee to exer~cise any o~ f{~e cigtits or options ~erein
provtded s~~a~~ nof conslitute n wainer o~ any rights or opiions unc~er said noie or t{~is morfgage acCrued or
theMajt~r accruing.
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F~1 ~ ~n ~'d~tness ~IKIL~L fhe rnortyngor has caused t~ese presents to ~
`c• j • (~CORI'OR:1TF:
•~,a.~ ~f:At.) E~e executec~ in i!s name, anc( its corporate senl fo 6e ~~ereunio aJfixc~, by ~~s
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; proper oJJicers thereunto cluly authorized, the day and year ~erst above u~ritten.
; ' ~ ; . TASIS , a Joint Vent~e , bet~aeen HARDIN ~7ARIDA, I ~
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' /7i~s 1»s~r~ul~rt;~ f~r~t~,~rr~l i-~': DFAN ZOC~[t
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1451 East Ooean Blvd. , P. 0. D:-~aer 1016 , Stuart , Florida 33494
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