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and shall perjotm, rnmply with and abide by each and every fits agreements, sttpulattoni, conditions and ,
covenants thereof, and of this mortgage, then this mortgage and the sstote hereby created; shall cease. de- ~
termtne and bs null and void.
the mortgagor hertiby f uNher covenants and agrees fo pay promptly when due ihs principal and
tnterrsf and other sums of money provided for in said Hots and the mortgage, or either; to pay nIl and
singular the faxes, assessments, levies, liabilities. obltgnttons, and encum6ronces of every nature on said pro-
perty; fo permit. rnmmtt or st?f(er no waste. impairment or deteriorotion of :aid land or the improvements
lherecn at arty time: to deep the buildings now or hereafter on sold land fully insured to a sum of not Isss
than highest insurable value
in n rnmpany or companies nccepta6le to the mortgagee, the policy or policies to 6e held 6y, and paynbb
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of stub insuronce the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting 3
to the mortgagor (or any surpltts; to pay all coats, charges, and expenses, tnclttdtng lauryer's fees and title
searches. reasonably incttrred or paid by the mortgagee because of the failt??e of the mortgagor to promptly '
and fully rnmply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and i
covenants set forth in said note and this mortgage or either. In the went the mortgagor fails to pay when
due any tax. assessmntt, insurance premium or other stun of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other rtgh! hereunder, and all stub payments :haU bear interest from date thenwj at the highest law- !
(ul rate then allowed I,y the laws of tl~e State of Florida.
i
~l arty sum of money herein re~PRed t0 be not promptly paid within ~ days next of
ter 1
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said ,
note and this mortgage. or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and Ibis mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee. become and 6e 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 uraiver of any rights or options under said note or this mortgage accrued or
thereafter accruing. `
~n ~hereuf, the said mortgagor has hereunto signed and sealed these presents the
day and year first above. tnriden. 1
Signed, sealed and deliver in the presence of
MIDSTATE LAND ~ DEVELOPMENT, INC.
R. y. Fri resident
E(
R
E
i STATE OF FLORIDA,
COLNTY OF aartin
I HEREBY CERTIFY that on this day, before nx, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
R. V. Fripp, President of Midstate Land b Development, Inc.
~ .
to me known to be the person described in and who executed the foregoing instrument and he acknowledged
before me that he executed the same.
~~'I1;tiESS my hand and official seal in the County and State last aforesaid thu / ~ day of
June A. D. 19 79 . _ i
x
• " ~iotary Public
My Co®ission expires:
;~?9 ~J:i i 3 r~ 2~ ..~s
FRE.fi :.Mf h~ i:Uriit is 1~ATART hflLlC STATE Cf flOtlpA AT kAAQ
SI.'tUC!f tOL'NTY.~IA. MY COMMISSION EJAIR£S pQ. ~ 1961
. flp~}--ft P1'i1TRAS OONt)iD IMd{? Gf11RAt, NtS, tRHOt6vYRfTQf
tul~fll( t;ItICO1T COUR~
53S ~ ? •f
T:!IS lElSTRUI!'FN7 PP.CPARFD aYt - _
%u Irulnn~~nrl pirpnrrd hy: ~ TE 2ct.C3 t'. a cC:~?2THY • • ~ 1
4 4SS S. Feder! Higtnrar v
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,~~>•~>-~-u . ~ 3i(~ ~ 136 sty, Fl~rl~ - ~ .
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