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and shall perform, rnmply with and abide by each and every the agreements, stipulations, conditions and '
covenants thereof, and of this mortgage, then this mortgage and the estate hereby c?eafed, shall ceaso, de-
termine and 6e null and void.
the mortgagor hereby jwfher covenants and ogress to pot' promptly when due the principal and
interest and other sums of money prnuided for in said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- j
perfy: to permit, commit or suffer no waste, impairment or deteriorotion of said land or the improvements
thereon at any time: to keep the buildings now or hereafter on said land fully insured in a sum of not Less
than N/A
to a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable i
to. said mortgagee, and in the event any sum o/ money becomes payable by virtue of such insurance the
mortgagee shall have the right !o receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and tills
searches, reasonably incurred or paid by ~hP mortgagee because o/ the f
ailwe of the mortgagor to promptly
and jolty comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, romply with and-abide 6t' each and every the agreements, stipulations, conditions and
rovenants set forth in said note and this mortgage or either. In the event the mortgagor jails fo pay when
due any fax, assessment, insurance premium or other sum 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 right hereunder, and all such payments shall bear interest from date thereof al the highest law-
ful rate then allowed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within gp days next after
the same 6eromes due, or ij 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 this mortgage, or the entire balance unpaid [hereon, shall jortfugith or
therea/ter, at the option of the mortgagee, become and be due and payable, anything in said note or'herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided s/roll not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
f
r` ` ! ~
~ jn ~tttltSS he morl a or as caused these I
(CORPORATE t 9 9 h presents to
SEAL) be executed in its name, and its corporate seal to be hereunto of
fixed, 6t' ifs f
I; proper of
ficen thereunto duly authorized, the day and year first above written.
ATTEST: •.•--Laurel--Builders
- - _ - a-.Inc..-----.....-.....
- - i
Secretary S
Sig1 ,sealed and delivered in the esence of • ~
,r ~ By--•--•---••-•-•--•--•--••- Pre -
- ssdent
Wit S ------------•-------.-...--------•-•-•s
1
~tdte 0` Florida
~V~~ Di St. Lucie
i 1 HEREBY CERTJFY that on this day. fw(on mr, an o//iarr ddy autlwriud in eJ~e S1ote ord Count' o%re~aid Io taLe oclrrwrrfedg-
mrrtfs. persorwfty appeared
Peter G. Robinson, -
4YII 4nown to me to tx tl~e Vice- Pnsident Y,YX ~ of corporation rwrned a
morl{pgo? in lt~t foregoing insln~menl. and Itw~ they srnrrolfy aclenwufedged eaeiuling II~e same, in 16e preaenoe of tu+o auf?avit,ing witnesses.
freely and oduntorify under au11w?ily duly rested in 16em by said corporation and tlwt tf~e scot a((ued If~enrto is t/~e trsse corporWe aeof of
said corporation.
W(I'NESS myf AEU Aa~ pf
ficitf` in tl~e County and Store loaf aforeaoid ttiis 3rd dot' of DeCelilb@r
A. D. w 79. a~.IUC,= fLA.
EGA-` ~
ClEnr - ,.GUR l
` _ Syr
O~ 5 1 155 aM '79 Notary Public ~ -
• uo-~> .7
4351 My Comutission Expires::
1717 _ .
?:~fa, ti ~cl~i~c.. Sra!e of Florida at large ~ .z.
!.1t' l.i)mR'~SSIOtI expires Jan. 8, 1983 -
y
!l»s lrs~ni»rc»~ prepared ht': A -