HomeMy WebLinkAbout2630 nnd shall perfo~m, comply wilh n?~d a6id~ by each nnd e4•ery Ihe ngreemenls, slipulalions, Con~ifions and
covenants Ihereo~, and o/ this mortgafle, ihen Ihis mo?Ig~~e and Ihe PSIQIP hp~e6y c~eule~l, shall ce~use, de-
fp~nine u~d 6~ null and void.
~ the mortgagor here6y jurther couenants and agrees to pny promplly wl~e~ due the principa~ a?i~
interesf an~ of~er sums o~ money provided ~or tn suid nole anc~ Ihis morfgage, o~ etl~e~: to pay a~~ and
singular 1he taxea, assessmPnls, lenies, l~a6ilitie~, o6ligatio?4s. and encum6rances oJ eve?y nafure on a~id pro-
perly; to pe~mif, commit or suf
fe~ no waste, impoi~ment o~ c~afestomfion o~ snid land or !tie improvemenls
ftiereon af any lime: to ~reep Ihe ~uI~dings now or ~ereaf te? on suid Iand /u~~y Insured tn a sum o~ not ~ess
~l~an hiqhest insurable value thereof -
in a company or companies nccepiab~e !o I~ie morfgagee, t{~e po~icy or policies !o be tie~d by, and paya6l~
to. ~aicl mortgagee, and in fhe event nny sum o( money 6ecomes paya6le 6y virtue of sucl~ insurnnce the
mortgagee shaj~ have the riptit fo receiue und apply t6e same fo fF~e inde6tedness here6y securec~, accounling
fo !he mortgagor ~o~ any surplus: to pay al~ cosfs, ctiar~es, ancr expenses, inc~ucring ~awyer
s~ees ane~ lit~e
SPQMIIBS, reasonably incurred or ~~d 6y ~h~ mortpagee bpcause oj fhe failure o) the morlgagor fo prompfly
anc~ ~u~~y comp~y u?ilti !he agreemenfs, sfipu~alions, cone~itions and coveriants oj sai~ nofe and l~is mortgage.
or eilher: to per~orm, comply wilh and a6ide 6y each and every tF~e agreemenls, stipulalions, conditions nnd
coi~enanls set Joalh in said note and tleis mor~gage or either. In the event the mo?tgago~ (ails to pay wl~en
due any tnx, assessment, insurance premium or other sum oj money pnyable 6y ~ir~ue oj said note and tl~is
~ morfflage, o~ eit~er, the morlgagep may pay I~e same, wil~out waiving or a~fecfing f{~e option fo forec~ose
or any othe? right hereunder, nnd al! such pnyments sl~aA 6ea? interes! Jrom date thereoJ at the higl~es! law-
jul rate lhen allowed 6y the lau•s oJ the State o~ Florida.
~L uny sum oJ money herein re(ened lo be not,pro:npt[y paid within thltty day~ next a(ter
the snme becomes due, or ij ench and euery fl~e agreemenls, stipu~ations, conditions nnd covenants o~ said _
note nnd ~h~ mortgage, or either, nre not jully perjormed, complied u~itti and a6~ded by, then 1he enlire
sum m~nfioned in said note, nnd this mortflaqe. or Ihe enlire l~alance unpaid thereon. :hali /ortluyith or
therea(ter, at the option oJ the mortgagee, become and 6e due and paya6le, anyt~ing in said note or'herein
to tl~e contrary notwithstanding. Failure 6y the mortgagee to ezercise any oJ tF~e rights or options herein
provided s/~aj~ not consfifule a u~aiver o( any rights or opfions under said nole or f~is mortgage accrued or
therea/te~ accruing.
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' t' ' ~ i ' . 7n ~~lll~ ~IKL[V` the mortgagor ~as cnused these presents to
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' L) 6e executed in ils name, and its corporale seal 10 6e hereunto af)ixed. 6y ~ts
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~ r•__ ro er o~cers thereunlo tLu~ authorized, t1~e da antl ear trst above w~itten.
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INDIAN RIVER COMMUNITY COLLEGE
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$rcretary
i Stglt~, sealecl and deltUP! 1 I~ie presence oJ: ~ ~
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~ ~tate of FLORIDA UG
~(jn~ ST. LUCIE
~ 1 HFRF.BY CERTIFY i6o~ ~~1~~ day. b~Jw. ~ oJ?~«. d~,ly awib.~ud ~ el~ Sid~ ~d C~r aJw~r~:d ~o ~o~r o~b~oW1~-
~nff. P~rMna~~y oP~urr~~ l~aai~i••••-•~7 a7 • MILEY
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_ ~i mu.fgugor in !tie ~M~goinq inslrumrnl. orul I~eol lRey xrera~~y ac4nuu~~~lgrd ~cetuliny !~t same, in f~e pnxncr o~ lu~o su6xribir~ wilnessts. .
~ ~ree~y an~ ~ro~unlun~y un~je? outhwi/y Ju~y rr.1~ m I~em ~q said cwpwdion ond Itiol ttie sto~ u~~i.ted Itirielo it !tit In+t cwporate .tra~ o~
II said ~wporafion.
~ i ~V~~~Cti my haru~ anc~ u~~~cia~ sra~ in 1~ rwanty and Clole ~as1 ajonsmd Itii~ 15~ ~oY ol ~gu$t
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~ •.•~••~•••~.~lOb4.~;l~~'i'ARY UBLIC , State of~v~
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4 +j ~ y~ ; ;,.c . ; ~ connnission expires : 7- 7~
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