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, ancl sI~aII pe?~orm, compty ?~~i1h wnd u6ide by ~•ach an~ every Ihe agreenienfs, sfipulations, condiliuns on~~
coe~enanfa I~e?eo~, an~ of t{~ia ma?fgape, t~~n f~ia morl~nge un~ Ihe esfafe ~ereE,y c?~al~•c~, sha~~ cNUSe. ~e
termine and be null and vorcl.
TLIII~ f~e mwfgagor I~ereby ~urtF~er couenunfa and agreei to pay promplly w'~en due II~e prtncipal ancl
inlerest and otl~e~ aums o~ money prouic~etl /or Fn said nole and Ihis mortgage, o~ either: to pay all nnd
sins~u[ar tl~e taxps. (lSSPSSRtP7iIS, lee~iea.. 1ia6ilities, obligations, and encum6runces oj euery nafure on saic~ pro-
pprfy; to permel, oommif or su~~er no wasfe, impai?menf or c~efe~iorolion ol said ~an~ or !he improvemenls j
Ihereon al any time; to ke~p Il~e 6uildinga nou~ o~ {~ereof ter on iaid land Jully insurec~ in a sum oj no! Iess ;
~tiQn full insurable value. ;
in a company or compa~ies acceptable to the ht0?I9agPA, tl~e policy or policies to Le held 6y, and payab~e ~
fo, saic~ mo?tgagee, and in fhP e~~ent any sum o~ money liecomes ~ayob[e Ly vi?hie o~ suc~ insurance !~e ~
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morfgagpc? sha~~ ~ave I~e ri~~t fo receive ancr apply the sume to ttie in~Iebfe~Inesa I~ereby secwed, ocrounling ~
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to l{~e mortgagor (or any stuplus; to puy aj~ costs, c~a~PS, ancj expenses, enc~udin~ ~awyer'a ~ees and lit~e i
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searc~es, reasonably incurrecr o? ~~d 6y ihe rnarfgngee E~peuuse o~ fhe Jai~ure oJ Ihe morlgagor !o prompt~y =
anc~ fully comply +vitJ~ fl~e agre~rreen~s, slipu~alions, condilions and covenants o( saic~ nofe ar?~ f~is mortgage. ~
. or eit~pr; to perjorm, comp~y u~itti and a6ide by each nne~ every f~e ngreemenfs. slipu~ations, conc~itions nncr
cavenanfs set forih in said note and this mortgage or eilher. h~ Ihe event the mortgagor ~nils to pay w~en
~ue•any lax, cusessment, insurunce premium or ofher sum oJ money paya~Ie 6y virlue o( saic~ note nnc~ fhis -
morfgage, or eil~er, the morigagee may pay fhe same. wit~out wniving or a~~ecling IRe option to (oreclose ~
or any othe? rigl~t {~ereunder, and all sucl~ paymerils shall bear interest (rom date Ikereo/ at fhe highest ~aw-
f~.l rnte l6en nllowecl by t~~e Iau~s oj tF~e Sfate of Floricla. ;
~l nny sum o( money herein reJerred Io be not p~o:nplly paid mifl~in thirty days next a(ler
the same 6ecomes due, or i( each nnd e~~ery II~e ag~eemenls, stipulalions, conditions and covenants of said
nofe nntl this mortgage, or eilf~er, are not fully per(ormed, comp~ied with and abided by, then t/ee enlire
! sum me~tioned in s~id note, and this mor(flaf~e, or the entire balance unpaid lhereon, shall /ortFuyith or
! thereaj~er, ot the op~ion o/ the mo?tga~e~. .become and be diee and paya6l~+, anylhing in said note or' herein
to f~e contrary notwifhstnnding. Failure by fhe mo~lga~ee !o exercise any oJ !he rights or options herein
pro~ided shull nof constitiefe a tvaivrr o~ any rigtifs or opfions un~er aaid note or l~is mortgage accrued or
fhereQ~ter accruing.
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~ ;.~~RATF ~n ~jlll~ fhe morlgflgor has cnused t{?ese prPSents to ~
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AL) E,e executed in i!s nnme, ancl its corpornte seal l0 6e hereunto a~~iaced. 6y ~~S ~
prope^r of
f icers fhe?eunto cluly authorized. ~I~e doy Qnd ye~ )irst above wrilten. `
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~ ~ 1010 SEAWAY DRIVE, INC.
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~ ~TTES`i'=------------ ~ _ ` _ ~ `
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Lionel ~-E~~ ~ ~Wa ~~so
~rcretary
StgR~, SMt~@ d~P~IUPl~ 1?! ~~Ip fPSPIIC@ O~: 1`\
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. *~c.~^.t ~ --~-t ~t,%_ - By
- ~ Peter C. Smith' P~~~
' ~.J~. . . aT~R~c
~ °couM~r R~,i.
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OSFR pp~~RA
rpC C'~CUIT CO
C •?~•v.'cr
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it F~s ~l r~ 53 AH
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0~ FL(?RIDA
I~ 3~?~1~~ ~L S~. I;i1CTE
I HFRERI' CFRTII~Y t6a~ on ~Fus dar. br(on m~. an o(~icr. dulr owlw?iud in tl~e Sloh arrl Count~ a(orewid to tu4e acb~ou~dg.
°"'°°°~~Y °Pf"°"`~ Peter C. Smith and Lionel E. Watson
~.~n ~,~u,~ ~e m. ~o ~t,. r~.~wd~~~ o.wr Secretary-Treasurel[x~~.+Ir d J~~ ro.~.ti,;~ ro„Kd d
mdfgogor in t~t ~oregang inaUurrMnl. am~ Itiat I~~y s~crro~~r uc4nox~ev~ ixtculing 11u sorr~t. in I~t plesenn oj !wo wdsc~ibing rrilnrsxa.
(re~lr• ant~ t~oluntw~~y urul~r wutl~o?i(r ./u~v r+ref~ in t{km Lp wid rwpordion ond I~at Ilu sta~ a(~utd l~e?elo Ls I~e liue cvrporole aeu~ o~
i~
~ saiJ cwporafron_ . .
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I` ~1~~~`1:CS my huru~ an~ ~~~~o~ s~o~ in ltir ~~ounly and Stalt ~as! aoi~ l~ut i~~~_ J• t•
1~. n 10
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NOTARY PUBLIC, ~~~ar~e o~ Zo~ida
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I; Notary P~?euc. Sca'~'ot s~ 9~
i~ fi!~ initrument xas p~eplktd by My Commissto~ E~f~ Q~~' ~9`
~ Robert M. tJo~d of ~ -
!lr~s Ir~snrr»,~~u~ pnparrd liy: WEILL GRIffIN IEFFRIES E~ LlOYD 0~
1z4~1 No. 2ne street ao81c~ ioi~ a~
;LlJnss F~ Florida
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