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and shall perform, comply urith and abide 6y each and every the agreements, stipulations, conditions and
covenonts thereo/, a?td of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
1R?mIr1P and be null anti void.
~nd JhP mortgagor hereby f urfher covenants and agrees to pay promptly when due the principal and
interest and other sums of. money provided for in said note and this mortgage, or either; to pay all and
singular the tares, assessments. IPli1PS, liabilities, obligations, and encumbrances of every naftu-e on said pro-
perty; fo permit, commit, or suffer no u~astP, impairment or deterioration of said land or the improvements
1herPCrt at any limp; to RPPp IIIP bttildirtgs now or hereafter on said land jolly insured In a sum of not less
than full insurable value
in a compa?ty or companies acceptable to the mortgagee, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in 1hP event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall f1avP the ?fght to rPfPIVP and apply the same to the intiebiedness hereby secured. accounting
to the mortgagor for any sttrpltts: fo pay all costs, charges, and expenses, including lawyers fePS and title
searches. reasorta6ly incurred or paid by the mortgagee because of the failure of the mortgagor !o promptly
and folly comply with f?te agreements, stipulations, conditions and covenants of said note and Ibis mortgage.
or eit{ter; to perform. comply with and abide by each and every the agreements, stipulations, conditions and t
covenants set forth fn said note and this mortgage or either. ?n the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or eif?ter, the mortgagee may pay the same, without wniuing or of
feeling the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate then allowed by the laws of the State of Florida.
D` 'any sum of monry herein referred to be not promptly paid within thirty (30) days next after
the same beconlPS dttP, or if'each and every the agreements, stipulations, conditions and rnvennnfs of said
note and thfs 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 entire balance unpaid thereon, shall forthwith or
,
thereafter, at fhP opffon of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the morfgngPP to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing-
~n ~itneSS thereof, the SQId mortgagor IIaS hereunto SlgnPd and sealed these presents the
day and year first above a+rilten.
Signed. sealed and delivered in the presence of
~ INTE _T_A_
T_E L_AD_
Dolores atochvil ~ ~ Pa ~P,
- ?
. - - - _ WA - ~ - - - -
Judy Schroeder 1`L$ERT PURDOA:
d ~ ;
i
J
STATE (>F ?4IQ-:IGAN ~ f
COl'~TY l)F GRAND TRAVERSE
I HEREBY CERTIFY that on this day, before me, an
j
i officer tlul}• authorired in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
~ ~VAYI~ ;Fi. LOBDELL and ELBERT PURDOM, as .partners of INTERSTATE LAND II~NFSThiQvT
i
to mr• known to be thr• p•rson S described in and who CXCfUIPd the foregoing instrument and they acknowledged
before me that they executed the same.
~~'I"l\F.SS rn}• hand and official seal in thi• Count}• and Stad• last aforesaid this? 13th day of
kfovember n. I9 79
. ~ • •
sromnission Expires: July 13, 1980.
~°Raised=Seal) Notary Public Do res Kratoehvil
- 46'~3'~ 5 _
ROGE ;
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3
%Iru hu/mm~n/ prfpa>7~/ hy: Cfleryl s. Miller -
,,1r/rlrr_cs Lawyers Title Insurance Corporation
Post Office Box 3845
~ Fort Pierce. FL 33450 )K321 PlGE 155