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and shall perform, comply wish and abide 6y each and every fhq agreements, stfpulaEfigni, conditions and
' covenants thereof, and of Ihis mortgage, then this ~morlgage and the. estate hereby.creuted, shall cease, de-
termine and 6e null and twirl.
Ti~ the mortgagor hen+by further covenants and agrees to pay promptly when due fhs principal and
inferwsf and other sums of money provided for in said note and this mortgage, or .either; fo pay all and
singular the faxes, assessments, levies. liabilities, obligations, and encumbrances of every naltu+e on said pro-
perty; fo permit, commit or suf
jer no waste, impairment or deterioration of said land or the improvements
thereon of any time; fo beep Ilte buildings now or hereof
ter on said land fully Insured in a sum of not less
Ihan thirty thousand and 00/100 dollars.
in a company or companies .acceptable l0 1he mortgagee, the policy or policies to be held by, and payable
to, said mortgagee. and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to fhs indebtedness hereby secured, accounting
to the mortgagor for any surplus; to pay all costs. charges, and expenses, including lawyer's fees and fide
searches, reasonably incurred or paid by the mortgagee 6erntue of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and rnvenanls of said note and Ihts mortgage.
or either: fo perform, comply with and abide 6y each and every the agreements, stipulations, condifioru and
covenants set forth in said note and this mortgage or eIfher. In the event the mortgagor jails to pay when
disc any fats, 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 hernunder, and all such payments shall 6enr interest from date thereof at the hfghesl law-
(ul rate then allowed by the laws of the Slate of Florida.
~L any sum of money herein referred fo be not promptly paid within thirty days next after
the same berontes due, or i f each and every the agreements, stipulations. conditions earl covenants of said
note and this 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, of the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by 1{,~ mortgagee to exercise any of the rights or options herein
proriderl shall not constitute a waiver of any rights or options ender said note or this mortgage accrued or
therea f Irr accruing.
~n ~itneSS ~het'eof, the said mortgagor has hereunto signed and sealed these presents the
I day and year {irsf abo,•e u•riffen.
BLUE T REE GROVES LIMITED, a
Signed, sealed and rhheered in die presence of : Flori Limited PartrierShlU
B - .
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By-
Guw?sl
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STATE OF FLORIDA,
c(~c:QTY c)F ORANGE
I HEREBY CERTIFY that on this day, before me, an
officrr dal>• authorizrd in thr Stair aforesaid and in the County aforesaid to takr acknowledgments, petwnally appearrd
LAKE W. COLEMAN and WARREN E. CULBERTSON, general partners of
Blue Three Groves Limited
to rm• known to br thr person$ described in and who executrd the forr~oinq instrument and they acknowledged
r Imforr me that they raecuted the same.
H'I"1:1ESS my hand and official seal in thr County and State• last aforesaid this 14th day of
x ~ December n. I9 79.
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' fiOTARY F!18_'~. S?d.?: %r Fi_r?9,~/~ i+I ~;:~u_
~ 15.1,32
BODGED T,iHOUvH !kURWKt-ASMTON. INC.
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fiUQIE~~ PIGE 1 ~ :
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T/ns Illlrn/InFNI p>rpnrrd fiy: THIS INSTRUI~EN1 WAS PREPARED BY: ~ •
.I . ~,~r~r7xs ~d R . 8ro wth I