HomeMy WebLinkAbout2051 and sha!! perjorm, rn~r
ply u~i1h nnd o6tde 6y eac1~ and every the ag~een~enls, stipulaliona, conditiona and
~ couenanls theMOj, and o~ lhis mortguge, II~Pa Ihta mortgage and tl~e estate IIPfPhy crentecl, shall ceaso, de-
ter?nine and be nu~~ anct void.
~ f~e mortgagor 1~ereby lurfher cove~ants and agroes to pay prompfly wl~en due fhe prlncipal anc~
inlerest and othe~ aums oj money pro~ided (or in sntd nole and this mo~tgage, or eIther: fo pay all and
singu~ar fhe ta.res, assessments. ~eoies. ~iabt~iiies. od~igatto?u, ant~ encumbm~ces o~ every ~afu?e on sait~ pro-
perly; to pe~mif, commil or su(ler no waate. Impatrment or c~eleriomtion of saicl ~ane~ or l1~e tmprouemenls
Ihereon at any timp; ta ~~~p 1he 6uildings now or he?eajter on said land jully insured in a sum of not le:s
~han
in a company or companies acceptable to the mortgagee, the policy or poltcies to 6e held 6y, and ~yn6le
to, said morlgagee, and in Ihe euent any surre oj money 6ecomes Paya6l~ 6y ui~lue oj such insuronce !he
morlgagee shalt I~a~•e 11~e ri~l~t to receit~e and apply ihe same lo the indebtedness hereby secured, accounting
fo t~ie morfgagor ~or any surplus; fo pay a~~ eosfs, c{~arges, anc~ expenses, inc~uc~ing ~awyers fees anc~ litle
searc~es, reasona6ly incurrec~ o~ ~~d by ihp mortgagee because o~ lf~e fai~ure o~ fhe mortgagor to prompl~y
~n~ Ju~~y comply u~ith !he a~re~menfs, stipu~ations, conc~ilions ana couenants o~ sai~ ~nofe ancl this morfgage,
or either; to perJorm, comply u~ifh and abide by eac{~ and every t{~e aflreemenls, stipu~ations, conc~ifions nnd
covenanfs set ~ort~ in saicl note an~ this morlgage or eilher. In Ihe ei~ent I~e mortgngor /ai~.s fo pay w~en ~
crue any tax, assessment, insumnce premium or olf~er sum of money paya6le 6y virtue o~ sai~ note ancj fhis
mortqagP, o~ eithe~, f~e morlgagee may puy ftie same, ~uifhout waiving or nJlecting the oplion !o ~orec~ose
or any ofher right I~ereunder, and all suc{~ payments shall ~iear inferes! from date tl~ereo~ at fhe 6ighest law-
Jul rale Ihen allou~ed 6y tl~e I~lIUS oJ 1he. State oj Florida.
any sum o( money herein re(erred ~o be not pro:nptly paid wilhin thiZ'ty (30klays noxt ajler
t{ee same becomes c~ue, or i( each ancl every fhe agreements, stipu~ations, condifio?~s a~~ couenants oJ saicl
note and this mortgage, or either, are no1 jully perJor?ned, complied with and a6ided 6y, then the entire
sum mentioned in said note, and fhis morfgaf~e, or fl~p enlire 6alance unpaid thereon, shall joriluuith or
If~e~eajter, at IF~e option oJ the mortgafl~e, become and be diie ond paya6le, nnytl~ing in said note or herein
to f{~e contrury notwithslanding. Failur~ 6y the mortgagee to exercise any of the righls or options herein
providec~ stia~~ nof consfifule a waii~er oI any righls or options unc~er sait~ nofe or i~is trtortgage accruec~ or
t{~ereaJter accruing.
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(COR('OR.1Tf' ~n ~~tness ~hereof fhe mortgaflor f~as caused these presenfs to
SEA?_) 6e executed in ifs name. and its corporate seal to be hereunto a/)ixed. 6y ~ts 4
prop~r ojJicers thereunto duly auf izecr, t~~e day anc~ year (irst aboue written.
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I ATTEST:_......---~-------------- - NO- --H-- --RAIL GOLF--C --•INC.~.!_..--------
; ~ sK~.~d.r a lo ida o ora ion.
i $ignc~. sc~nl~cl ancl cleliuercKl in I~ie prnsence oJ: ```~tquK~~!tr~rr~j,~
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k . . . 4~-----------....----------- Arthur M. Yo~~i
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ved Ll >>y
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~~te Ql FLORIDA, '
~~t~i Q~ ST. LUCIE. ~
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1 HERE[3Y CERTII-Y i6a~ ~~I~;s doy. 6p/~ m.. ~ o(/~orr dulr a~~1a.~ud M d~ Sea~ ~d C«,.ar ofor~rw~.! io a4no~,l.d9-
~ (~~e~. a?~llr ana~1 ARTHUR M. YOUNG
~ ur~~ ~rnowt !o me fo be Itie /~nsiJPnl a+u~ nsptctirr~
~ r o/ ~h~ ro.~~~ ~~d ~
s morlgogos in l~t jwegoing instrumenl. aru~ t~a! t~vp s~rera~~y ac~rnou~edgtd sxecuting Itie snmr, ist Itit p?xncr o~ lu~o subfcribing wilr~ssrs.
; (reely a~d ~•olunlarily undrr nu~l~ori~r duly resfrd in Il~em 6~ said rnrpwution und ~6u1 tlie sroLafJiued tlunlo is 11x bve cwporafe seal o~
` soid corporalion.
~ ~~~R~'~/:SS my tianJ ani~ o(Jicid sea~ in t~e Counly a~ $talr las! aJonsaid 1{~is /a?~~ ~ar oJ
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A. n. 19 7 ~ .
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~ ~ - ~ ,L ~ : : ~ ~o~ry ' c, State of Fl,orida at Large .
~ THIS INSTRUMENt PJt~vARED 9V: n~~;x ~ Mg~1SSlOil e,}{n1T~S S o~•/1~-'r ~
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~ cERn~o s. ,nti,~s nmr. r,~ . e :
~ { P. O. BO~ 3089 %r„'•~~~~~~••'~~ ~ F11E*t~ :Itrh cf F.orida at large
~IFORT PIERCE, FLORIDA 33~50 , ~~"'n~`l~
i~ttls~~~,```, My ~ :~T:SS :.xJ r°. T::t • = • +7~
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~ (305) 461•2500 Bcsd:c!
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~ ' B~~ 242 ~ ~53
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