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and shall perform, comply with and abide by each >xnd every th. agreements, atipulations, conditions and ~
covenants thereo/, nnd of this mortgage, then Chia mortgage and the a:fate hereby created, shall cease, de-
termine and bs null and void.
- the mortgagor hereby further covenants and ogress to pay promptly when due the principal and
interest and, other sums of money provided for in snid 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-
perty: to permit, commit or suffer no waste, impairment or deterioration of :aid bad 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
in a trompnny or companies acceptable to the mortgagee, the policy or policies to be held by, and payable t
to, said mortgagee, nnd in the event any sum of money becomes payable by virtue of such insurance the
mortgagee ~hnll have the right to 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 title
searches, reasonably incurred or paid by the mortgagee because of the failtue of the mortgagor to promptly
_nrrd fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage, i
or either, to perform, comply with and abide 6y each and every the agreements, stipulations, rnnditions and
covenants set forth in said note-and this mortgage or either. /n the even) the mortgagor fails to pay when
due any tax, 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 affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest bw-
)ul rate then allowed 6y the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and rnvenants of snid
note and this mortgage, or either, are not /ally performed, complied with and abided by, then the entire }
sum mentioned i?r said note, and this mortgage, or the entire babnce unpaid thereon, shall forfluuith tx
thereafter, at the option of the mortgagee. become nnd 6e 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 stall not constitute a waiver of any rights or options under said note or this mortgage accrued or
!hereafter accruing. i
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If ~n witness ~bereof the mortgagor has caused these presents fo ` ;
(CORI'OR:1Ti:
~ ' ~I:AI.f 1?e executed in its name. and its corporate seal to be hereunto affixed. by its !
' proper officers thereunto duly atdho?ized, the day and year f first above written. ~
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- - Laurel Builders, Inc. '
:~TTC~T:....-- - - - - - - - - - -
5.-crrfary ! '
: ~ Signed, sealed and delivered in tlt presence of : ' Q`
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- Presi nt
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` ante of ~/oRi11l~ t
! bounty of ST: ~uciE
1 ifERI:RY CFRT/FY t!•at on this day. tx f
orr me. an officer duty awl.oriud M tl,e Slate and County of
orrsaid 1o Ia4e ac•v.asv.ray-
mrnls. t•rraonally a{•prarrd A ~~~ON
f~ /M?I`r
u•rll 4nou•n fn ..•r to hr Il•r V~~lt f irsidrnl onei nspec/tatty of Itie corporation namrd os
mwlpagor in Il•r forrgoing insbun•rnl. and It•al li•ry sv~rrolly aclenou~edgrd •xrculing Il•e wme, in lie prrsence of tuv sutsxritring ,uilnesses.
fatly nnd •vluntanly urulrr aul{wr•fy duly rr.bJ in Ilan try said for/arulion and li+al l6e scot affixed l{•rrelo is lI•e true corporate seal of
i ~ sold corporation / ~/~~~J//~ ~
WTI'\i:~ti my 6aru1 and official seal in Ike ('ounly and Stole last afan,aid tl•is /4~ .lay of I~,~~l~!' _ V
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FILED A~ 'IF6
ar,' - -
<< ClE°j INTO/ . .
I~ REC^="
~ - rl c.o.,
DEC 2~ IZ 35 Pik 1~9
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r:•:•~r, f',,~.t~c. ;rate o` Florida at Large ! , , ~ t ;
~r/~~`~) ~'T;IS,;Q^ EX~~:eS ~3R. a. - .I
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~ !lr?s JllSln/f/ffll/ prepn>rd hy:
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f~ !/r... AI,Mt. eu.r