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and stiall perjo~m, comply u~ith and a6tde 6y each and oi~ery tl~e agreemenf:, sftpulations, rnndiftons and
c~ove?iants thereoj, and o~ tl~ts mortgo~e. lF~pn thls mortpage nnd 11~e vslale hpreby c.ea~~l, shall cease, de-
tenwine and be ~ull and void.
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~ the mortgagor here6y Jurther rnvenanta ~rtd agreea to pay promptly when due the principal and
interesf an~ ofher =ums o~ money pro~ided Jw ia said note nnd fhL mortgnge. or eithe?; !o pay a~~ and
singu~cu the luxes, asseasmenfa, ~evles, ~Inbi~ifiea, ob~igntioru. o?td oncum6rances o~ every nature on sa[d pro-
perly; to permif, c~ommlt w su~~er ~o wasfe, impairment or deferiorafion o~ said Iand or Ihe Improvements
Ihereon af any fime: fo keep the 6u11dings now or he?eaf
te~ on said land /ully insured in a suni o~ not ~ess
than One Huadred Seventy One Thousand and No/ 100----------------------
in a company or companies aerepfab~e fo Ihe mortgagee, ttie po~icy or po~tcies fo 6e l~eld by, ~d ~,ya6l~
to, anid mo?tgagee, and in the event any sum o~ r?toney becomes ~yabl~ 6y uirtue ol suc~ insw~unce the
mortgagee s6all I~ni~e tl~e rig{~t to ~M'PIt~P and apply the aame to Ihe inde6tedness Ite?e6y aecuretl, acrounttng
to fhe mortgago~ jor any surplus; to poy u~~ cosfs, charges, a?id expenses. inc~ucring ~nwye~s ~ees and fit~e
searches. ~nasona6ly incurred o~ paid by Ihe morlgagee 6ecause o~ 1he (ailure oj tke mortgngo~ to promptly
and jully comply wltl~ the agreemenfs, stipu~ntions, c~onditio~s und couennnts o( said note and thts mortgoge,
or either, to perjorm, oomply with nnd abide 6y each and eoery ll~e agreements, stipulations, conditions und
c~ovenants set ~orth in said nole anc~ 1/~is morfgage or eii~er. ~n t~e event f/~e mortgagor ~ai~s fo pay w~en
due uny fax, assessment, insurance premium or ol~er sum o( money paya6~e by virtue of said note anc~ f{~is
morlgage, or eifher, fhe morlgagee mny pay fhe same, without waiv~ng or al~ecting fhe opfion to for+ec~ose
or a~y otl~e~ right hereunder, and a!1 suc6 paymenfs shall 6ear interest Jrom date therEw) at the l~ighest 1aw-
(ul rate then aUowed by rhe laws oj the State of Florida. -
~L any sum o~ money tierein reJerre~ fo 6e not pro:nptly paitr within 30 c~aqa next ofter ~
the same bc~comes due, or i/ ench and every Il~e agreements, stipulationa, condilions and covenants oj snid
note and lhis mo~Igage, or eitl~er, are no~ ~ully parjormed, rnmpGed wit6 and a6~d~d by, then !he entire
sum menfioned in said note, and lhis mortgage, or the entire 6alance unpnid thereon, s1~all /ortluvith or
therea~te~, at tf~e option o/ 1he mortgagee. 6ecome and 6e due and paya6le, anything i~ aaid note or herein ~
to !he contrary nolwithstanding. Failure 6y 1he ?r.:.-tgagee to exercise any o~ the rights or options kerein _
provic~ec~ s~a~~ not ronslitule a waiver o~ any rights or opfions unc~er said note or f~is rraortgage amruee~ or
therea f ler amuing. ~
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jF ~n ~~LI`~ the morfgagor {~as causet~ t~ese presents to
1~~~=~ ' 6e executed in its name, and its corporate seal to 6e {~ereunto aJJixed. 6y ~ts
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: proper o~ficers l~ereunto c~u~y authorizec~, ei~e day ~d ye~ firsf above u~ritten.
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' B& B MACHINE SHOP INC.
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e Pre idemt sraa~ar,
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' Signed, sealeil and de~i ered in f e presence of : / `
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~ 10 1 D~ P~!'1~
~f FLORIDA 3~~i~
~VUI1~ Ot ST. LUCIE
~ 1 HERF_BY CF.RTII•Y elwt m elus clny. 6v/orn mr. m o~~in. d~Jy wdi~aiud tn ~I~e Statr ond Couney aJ«.so;d ~o ~nler ocfvwn~kde-
~n~=• a?~~r avr~ Harry L. Bishop and Lavon Bishop
i~~m ~o ,~,r 6, p.~H,~.~ a,d Vice President ,~~~u,~~
y o/' ~6. ~;a.~ ~~d ~
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€ ~ morlgagor in Itie ~orr,going insfrumvnf. ~ t~at l~~y sPrrro~~q ac~C~ou~vagrd vtr~ulinQ ximr, in t~v pns~nn o~ tu~o su6~ai6ing u~/rrsars, '
S ~rep~y eu~ [v~unlwi~y urk~r nut~~orily du~y t~rslt~ in Itivm ~.y soid corporalion ond Itiaf ltit xa~ o~~ic~ I~wrrfo is I~e Irue cdporot~ sra~ o'
~
f said rnrporaliun.
~ W~I'1~GS$ my hwrl and o~~iria~ ~ea~ in l{~t ~~a~nfy and Clalr ~asf a~unwid Itiis 7til. ~ay d October ,
n. n. ~0 75 ~
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~ _ . . tvOTARY FU~LtC STATE OF FCORIDA AT IARGF
Q.>r • L,j: A~tr c.c,. . ..;.~~st:8 NOY. 22? 1975
~ ~ : - ~ ~ ^ - GEIYGisH~ u~...~nnNGE U(1~
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