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and shall perform, comply with and abide 6y each and every the agreements, stipulations, eondittons and ~
covenants thereof, and of Chia mortgage, then this mortgage and the estate hsnby created, shall cease. de-
termine and be null and void.
i
the mwlgagor hereby further rnvenanfs and agrees !o pay promptly when due the principal and
ittlerrsl and olhe? sums of money provided for in said note and fhfa mortgage, or either; to pay all and
singular the taxes. assessments, levies, Ita6tlttiea, o6ltgafions. and encumbroncu of every nature on said pro-
perty; fo permit. commit or suffer no waste, impairment or deterioration of said land or the improvements ~
fherecn at any time: to keep the buildings now or hereafter on said land fully insured in a sum of not- lea
than highest insurable value
to a company or rnmpanies acceptable to the mortgagee. the policy or policies !o be held 6y, and payable
to, snid mortgagee, and in the event any sum of money becomes payable by virtue of suck insurance the
mortgagee shall have the right to receive and apply the saute to the indebfedneu heroby secured, accounting
to the mortgagor for nny surpltts; to pay all costs, charges, and expenses, Including lawyer's fees and title
searches. reasonably inctured or potd 6y the mortgagee because of the failure of the mortgagor to promptly ,
and fully comply with the agreements., stipulations, conditions and covenants of snid note and 1ha mortgage.
or either: to perform, comply with and abide by each and every the agreements, sttpulafiona. conditions and !
covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any fax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
f
ecfing the option to f
oreclote
or any other right herounder, and alI such payments shall bear interest from date thereof al the highest Inw-
ful rote then allowed by the laws of the State of Florida.
nny sum of money herein referred to be not promptly paid within 3 ~ days next after
the same 6PCOmes dttP, 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 6y. the_n the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall f
orlhwith or
thereafter, at the option of fhP mortgagee, become and be due and payable, anything in snid note or herein
fo the contrary notwithstanding. f=ailure 6y the mortgagee to exorcise any of the rights or options herein
provfded shall not consliltsfe a u~airer of nny rights or options under snid note or this mortgage accrued or
thereafter accruing. `
~n whereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first shove u~rftlen.
Signed, sealed and dPIIPPrP in P prPSPIICP of
I - - - - - - ...MIDS.. - - ------..~.-I?b~~A.~'ll~!I~,.--~~I~_..-..-.®
-------~~~y~----- - .By ~ - - - - - -----------------Q~1
R. V. Fri President
j - - - -
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t
E STATE OF FLORTDA, ~ •
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COU:vTY nF Martin
I HEREBY CERTIFY that on this day, before me, an
officer duh• authorzed in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
i
R. V. Fripp, President of Midstate Land & Development, Inc.
I to mr known to Ix• the p•rson described in and who executed the foregoing instrument and he acknowkdged
heforr me that he executed the same.
N'I"1-NESS my hand and official seal in thr County and State last aforesaid this day ~
June D. t9 79 -f"-- - -
- ?
G
Notary Public
1319 ~ti'.{ t3 Z• My Commission expires:
Si.l'uC1E C~LytY.FIA. ttp1~ rIRLIC STAIE of FIORISA AT tAN~
r ROGER 1'OITF(AS Mr tOMMISStON EXt~RES (XT - 3 Nil
a CLEP.K Cl~~~~t CC ~ ~p~pEp ttWJ GEi~ttlAl WS. IJI~OEI+MNT~S
Pty G,D 1ta1.,~r, -
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i ~ s;r if'iiRl11<'ll"HT PREPARED BY: i
%is /r~slrtanf~tl p~rpctn'~! hy: 7tREhC~ MctAR7HY , -
Atlrl/C~ts ~ k 9SS S. Federal HigtrwaTl - ~ -
BOGK 310 ~a~~ 1739 Sf~. F{orida ~vw+ _ -