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and shall perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall ceasa, de-
termine and b. null and void.
the mortgagor hereby Jetrther covenants and agrees to pay promptly when dos the principal and
Interest and other sums of money provided Jor in said note and this mortgage, or either; to pay alI and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- I
perty; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time; to keep the buildings now or hereafter on said land fully insured in n sum o/ not less ~
than N/A }
to a company or companies acceptable to the mortgagee, the policy or policies [0 6e held b and ~
y, parable
to, said mortgagee, and in the event any surd of money becomes payable by virtue of such Insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting l
to the mortgagor for any surplus; to pay all costs, charges, aced expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly
and jolly comply with the' agreements, stipulations, conditions and covenants of said note and this mortgage, t
or either; to per/arm, comply with and abide 6y each and every the agreements, stipulations, conditions and
s
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgages may pay the same, without waiving or affecting the option fo foreclose I
or any other right hereunder, and all such payments shall bear interest from date thereo/ at the highes! Iaw-
jut rate then allowed 6y the laws of the State of Florida.
~L any sum of money herein referred fo be not promptly paid within 30 days next after !
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 this mortgage, or the entire balance unpaid thereon, shall jorthutith or
ihereajler, at the option of the mortgagee, become and be due and payable, anything in said note or'herein
to the contrary notwiths(anding. Failure by the mortgagee to exercise any of flee rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
] r
(CORPORATE Sn ~~tness ~IK`[0~ the mortgagor has caused these presents to
SF-AI.) 6e executed in its name, and its corporate seal to be hereunto of
fixed, by its
I; proper of
fivers thereunto duly authorized, the day and year first above written.
H }
----Laurel--Builders, Inc.
ATTEST--------------------------------------- - - - •
~ Secretary
Sig sealed and delivered in the presence oj: ~ ~ ~
.
'f` ~
~ % a~
v~
r e
-
President
W1t~S
witnes
S
f
` i
t[LLC ~l Florida '
~1I~~ ~i St. Lucie '
1
1 HEREBY CEKI7FY that on rAu day. brfore mr. on o/Jicr, duty adliorired in ttsr Stale and County olonsuid to tans ocRrwsvledg-
mrnts. personally apprared
Peter G. Robinson
4Yll lmou+s to me to de lt~e Vice Pnsidrnt i6YX X~~~al ~ nonvd ~ s
f
mortgagor in ll~e forgoing instrument. and IRaI ll~ty severally actv?oYatdped tiecutinp ll~e same, to ttr presence of tua subsaiding u+ilnesses,
freely and voluntarily under auttgrity duly rested in ltsem 6y said cwporalan and ltwl tt~e sed a(Jued ltsento is the true cwporote seal of
sold corporation-
:
WTt'NES$ my Land and of
Jiciot seal in Ills County and Stott last oloresaid this 3rd day of DeC@IIe~7tCX
A. D. t9 79 FILED t,k. j . lED -
ST-lUCrt . • ALA. •
f:: T i,
5 12 cc PM'79 notary Public - ~ -
. ~
OFC - - - : •
.
4683S3 ~ r,; ..r
Nly Cotrrtr?ission Expiretat
.
%res liuirnnrcnt prepared ay: NGta~ti. ~„ghc. State of Florida at large y~, ` ,i ~
.+-~-i~... r~k~l~~ _ ~?ey~? MY Commission Expires Jan.8.1983 ,