HomeMy WebLinkAbout1283 and shall per/orm, comply u?ith and abide 6y each and every the agreements, afipulattoni, conditions and
covenants thereof. and o/ this mortgage, then this mortgage and the estate hereby created, shall nose, de-
termine and 6e null and void.
the mwtgagor herv6y further covenants and agrees fo pay promptly when due the principal and
interest and other sums of money provided for to :aid note and this moNgags, or either: to pay all and
singular the faxes. assessments, levies, liabilities, obligations, and encumbrances o/ every nattu+e on said pro-
psrty; to permit, commit or suffer no waste, impoirment or delertorolton of said land or fhs improvements
therrcn at any time: to Iteep the buildings now or herwaf
ter on said land /ully insured to a stun of not leis
than highest insurable value.
in a company or companies acceptable fo 1he mortgagee. the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the-event any stun of money becomes payable by virtue of such insurance the
nio?tgagee shall have the right to recetue and apply the same to the indebtedness hereby secured. aceotulfirtg
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches. reasonably incurred or paid by the mortgagee because of the fniltu+e of the mortgagor fo promptly
and fully rnmply with the agreements, stipulations, conditions and covenants of said note and Ihts mortgage,
or either; fo perform, comply with and abide by each and every the agreemenb. stipulations, rnnditiona and
covenants set forth in acid note and this mortgage or either. In the event the mortgagor faib to pay when
due any tax, assessment, insurance premium or other sum o/ money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, wtthouf waiving or affecting the option to foreclose
or any other right hereunder, and all sorb payments shall bear interest from date thereof at the highest lnw-
f ul rate `then allowed by the laws of the State o/ Florida.
~l any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and eouenants of said
note and this mortgage.' or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this -mortgage, or the enttr+e balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary notwithstanding. failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage ac4rtied or
thereat ter accruing.
~n ~itntSS thereof, the said mortgagor has hereun[o signed and sealed these presents the
day and year first shone written.
Signed ealed/an-d~ delivered in the presence of : MIDST DEVELOP ~ , ' INC. ~ ~
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STATE OF FLORIDA. ~ ' ; "
{ COUNTY OF Martin ~ 4
I HEREBY CERTIFY that ab'thi: day, before que, an
~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments;••pFr{gngllY'appeared
R. C. Fripp, President of MIDSTATE LAI~ID ~ DEVEIAPMENT, INC.
to me known to be the person described in and who executed. the foregoigq irutrument and he acknowledged
before me that he executed the same.
K'11:\ESS my hand and official seal in the County and State last aforesaid this 8th day of
Y June A. D. 19 79.
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_ Notarq Public
z ~ ~ ~ ~9T9 J!!f~ 12 ~.}'i ~3 My Commission expires
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fltEt~ PNC N`-LUfiLt.fl ; +n~ar~ Public, State of Florida of Large
1++ = ST.LUC!£COU`iTY.FIA. f„{y Car~~miss;on Expires Feb. 21, 1982
~ J l% _ ~ • v ~ ROfsER POITRAS
r ~ ' J ~ ' CLERK CIRCUIT ClW tiarrded tflru Cornelius, Jattnson & Clark, Inc.
44'7429
N!; ;?VSTRUM6NT PREPARED BY:
Tl~u Luinimnf~ prrpnrr~/ hy: Tr-.F1=isCE P. S,icCARTHY
~ ~u S. Fetic-r~I it?:~1~, ~ k 310 12
- , ~ a~K ~~t 83