HomeMy WebLinkAbout0926 . •
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C)th~r ~rics of bu~~ds ~~~ay hcrcaFtcr bc iuu~d undcr th~• tcni~s uf said Trwt luJrutuie, aud
when so issu~d tl~ry sh~!! be xrurrd h~~reby ~s fuUy as if described hc~~in.
Now shoald che mo~tgagor pay any and all i~~debtedness repnseat~~c! by the bu~~ds drscnbd
abovc and :~ny othrr bonds +ssucd by ~~xutgagur pursuaat to thc afcucs:~id Trust lad~uturr ~»J shall .
pcrfcKin, c~~rnply with and abick by ~ach aad cvr~y chc :+gra~cmcncs, stipulatiuus, r~nulitic~us ~nd
covcu.+~u~ tl~rrr~~f; ai~J ~~F tl~is nw~tg~~. ch4,~ chi~ ~i~urtgagr and thc rst~tn c~rib? ~'~~••.~trJt ~hall
ccise, drerrmine .~~~d bc nul) and vaid.
ANU chr u~~,rt~a~,~K I~c~rby fu~ti~rr cuvcnania ,~nd ,~grrra t~~ p~y prviuptly .~~1~.•u dur thr
ptincipal a~~d inccr~st and uthr~ sums uf n~oncy pru~idrd for in said tiund, ~ud T~u~c 1~~.1.•~uun .u~d
this mortgagc, o~ citl~cr, to ~y ~q ~nd singul~~ thc taxes. as.x•s~mcnts, lcvi~s, liabibtk+..~bli~.?u~,u,,
; and cixumb~an~rs uf rvc~y ~naturc on said pru~:~ty; to permit, cc~mmit ~r suffar nu wastc, ~
irnpairm~i~t .~r drtcriuritian.uf said ~land or the impruvcm~nts thrc~tim at ~uy ti~~ir:~t~~ k«p thr
buildiogs ~ww cx hrr~:akcr on said (and fulfy insurcd in a sum o~' not less tl~~n
: " in ~ cun~pany ur rutnpanics a~ccptabl~ co thc mu~cgagcc, thr pulicy c~~ Ewlicics t„ b~• h~•Id b~~, auJ
. p~y~bl~ tc~, said nx~rtg~~;cc, and ia ctK cw:nt any suu~ uf muncy bcco~i~c~ payabir by ••~ru~~• ut~,u.l~-
insucanrc th~ murcgagce shall havc thc ~right ta nccivr and apply chr aamc to th~ iudri~crdnrss '
hcteby srcurrd, accounting tu ctu murtgdgur for any su~plus; to pay alt custs, cha~?,~s, a~~d c~prns~.. ;
~ including lawycrs' fccs and titlc scuchcs, reasonably incurred or paid by thc mortgagc. tx~au~~~,t
. th~ failure of c6r mnrtgagor to ptomptly and fully comply with the agceements, a~ipulatiuns,
conditions and covenants of said Bonds and Trust Indencure and chis morcgage, ur rieher. c~,
~ perfur~n, camply with .and abidc by cach and cvcry thc agreemcnts, stipulitions, c~,ndicions and ~
coven~nts sct fixth in said Bonds and Trust Indcnturc and this mortgag~, or riti~ir. tn d?c cvcnc ch~ j
mortgagc~r fails tu ~~y vyhcn duc any t~x, asscssmcnt, insuranc." premium ur uthcr sum u~ munry •
payablc by_ virtuc of said Bonds and 'i~ust Indenwre and this nt~rtgagc, or cithcr, d~~ m~~rcgag~c
may pa} _ che aam~, withouc w~iving ur affecting the option tu. foreclose or an~~ ~~thcr rigiu
hereunder, dndill such_payments shaU bear intereu fn~m dite thereof at thc hi~hesc la~+tu) ~atc thcn
aUow~d by chc laws of the Scatc of Florida. ~
IF any sum oF money herein referred to be not p~omptly paid within days u~xt aftcr
the same becomrs due, or if each and every the ~gr~m~nt~, stipulations, conditiuns and covenants ~
_ of said Bonds and Trust Indenture and this mortgage, or either, are not fully performrd, compiied -
: with. and abided by, then the entire sum mentioned in said Bonds and Trust Indcncurc ind thi~
~ mortg~ge, or che entire balance unpaid thereon, shall forthwith or thereafter, at the optian of d~c
mortgagec, become and be due and payable, anything in s~id Bonds and Trust Indeocurc or herein
to the contr.~ry uotwithstanding. Failure by the mortgage~ to eYetcise any of the righcs or options
hcrcin providcd sh~U not constitute a waiver of any rights ot options under said Bonds or Trust
lndenturr or this mortgage accrued or thereaftec accruing. - i;,_-.;,_ `.`,:y
!N WlTNESS WHEREOF, the mortgagor has caused these ptexnts to be executed itt' ~3'w~n:
and its cor rate seal to be hereunto affixed, b" ~a r offioe~a chereunco dul ~E~p~i~'EtHt~;,.
P° Y ProP~ Y ~ . ,
day and yeu fust above written. - .~,C t,= f-
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By: r.~Lsz /~Q.s~,~,• ,
' Preside ~
ATTE3'T:
Sccretar
Signed, Sealeil ~nd Delivered in the
ptesence of: ' . ~
c~r~er?
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6~c~~ PII~E ~