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and shall per/orm, comply with and abide by Pach and every the agreements, atipulntions, conditions and
covenants thereof, and o/ this mortgage, then 1ha mortgage and the estate hereby c?ented, shall cease. de-
' termtne and be null and void. E
' the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
• interest and other sums of money provided for in sntd note and this mortgage, or either; fo pay all and ~
singular _Ihe faxes, asses:menu, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit, rnmmif or suffer no waste, impairment or deterioration of said land or the improvements ~
thereon at any time: to peep the buildings now or hereafter on said land fully insured in a sum o/ not less s
than full insurable value ;
in n company or companies acceptable' to the mortgagee, the policy or policies to 6e held 6y, 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 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 ihP mortgagee because of the failure of the mortgagor to promptly ~
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage, ~
or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and j
covenants • set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when i
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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 s
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law- j
fu! rate then allowed by the laws of the State of Florida.
~l any sum of money hPrPln ref
PlrPtl fo be not promptly paid within' ten (10) days next after
the same becomes due, or if Pach and PlrPry the agreements, stipulations, conditions and covenants of said t
note and this mortgage, or either, are nit 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 fortlugith or
t crest ter, at the option of the mortgagee, become and be due and payable, anything in said note or' herein
fo the contrary notwithstanding. Failure by the mortgagee to exercise any of the 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.
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(CORI'ORATF ~n ~fid~tneSS ~he~'eof the mortgagor has caused these presents to
~ i~. S/:AI-) f,e executed in ifs name, and ifs corporate sea! to be hereunto affixed, by tts
1. proper officers thereunto duly authorized, the day and year first above written:
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I! ~~TTEST:- GREFF DEVl;LOPMENT CO. , ,
- ~lrr rrlary - - 3
~ ~ ~ Signedl seal -a~dPli PrPd fx-~IIP presence of : t
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- Walla N. Lee
- , Presidrnt
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e ~ FLORIDA
i Mate of
` :f bounty of MARTIN
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HF./2faiY (-EItTI/ hurl nn Ilea d.,>-. 1r {•..r ..er. an uj',~s•r duly aull,wexvrl fhr ~turr on.l (-manly oJorrwi.l to ruler aelrnou~lydg-
o,rnf /N•rwnally up(N•urr.l ;
'i WALLACE N. LEE ~
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u•rll inuu•n fn nw tra {N• 1{,r /4.•-,.l,~nl u~ rarr~rwQliriy '~I Il,r rwporul,w, rwmrr/ us
mwfyagrv h, f{ev ~rw,•grnnq ~nalrurnrnl. nrnl 1{ud 1{,rc t,•,•rrulh o.~nou•1 r.lyr.l r.r, uluul 1{~r •arrv, rn 1{,r prrsrr,rr o~ luv, wl,xnMing utlnrssrf.
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(rrrly an,l r.dunfanly „n,lrr uut{u,rdv .lulu r. .L~rl w, 1{errn .caul rnrlN.ruhun ar,a 1{~0l 1{,r wol oj~nr,l 1{u•nlo is f{,r Irw (orINM011 sral u( '
~uut c,Nlr.rafu»,
1~'ff.~F.~~ {~und ,,.,J ..(I,.,,d ..•..1 ,n fl„• (,.nnn .,rNl ~Infr 1„:1 „lurrsu,d IG.. r J~.• December
a h fr, 79.
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Notary Public -
State of Florida at:-Lf;rge
My Commission expirES!-3fa3~~l
Robert F McRoberts,J~. (NOTARIAL SEAL) - -
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McROBERT~ & STEGER, FF - -
~ Aitorre/s et LaN -