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13. Yo pay all and singular the casts, charges and expenses,.in-
cluding lawyer's fees, incurred or- paid at any time by the Association
because of the failure of the mortgagor to perform, comply with and
abide by_each and every-the stipulations, agreements, conditions and
covenants of said promissory note-and this deed or either, and every ~
such payment shall bear interest from date at the rate of fifteen per i
cent (15~)~ per annum. ~ !
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14. Upon the occurrence of the filing of an arrangement or pro-
seeding in bankruptcy by or against mortgagor, or any of them, initia-
tion of insolvency-proceedings by or against mortgagor, or any. of them,
or assignment by the mortgagor, or any of them, for benefit of mortgagor's
creditors, all of the sums secured by this mortgage shall be immediately
due and payable. at-the option of the mortgagee,: without notice or demand.
15. The mortgagor further covenants that the buildings to ;be con-
structed and equipped with money to be advanced on this mortgage shall,
_ be constructed in accordance_with plans and specifications submitted to -
the Association, and that should said buildings not be constructed in
accordance with said plans and specifications, then and in that event,
the mortgagee may, at its option, declare all sums secured hereby im-
mediately due and payable. -
16. The nartgagee, by an authorized agent or employee,. may enter
upon and inspect the premises encumbered hereby at any reasonable time.
17. The mortgagee, at the request of mortgagor, may from time to
time, and without notice, execute and deliver partial releases of any _
part of the premises from the lien of this mortgage without affecting
either the personal liability of -any person liable for the payment of
the note secured hereby, or the-iien of this mortgage upon the remainder
of the premises for the full amount of note principal then remaining
unpaid. The other person or corporation in all or any part of the pre-
-miles shall be sub3ect to such right of the mortgagee to execute and
deliver such partial releases as aforesaid.
IN WITNESS hHEREOF, the mortgagor, l & M CORPORATION, has caused
these presents to be executed in its name and its corporate seal to Se ~ .
hereunto affixed by its proper officer thereunto duly authorized, the
day and year first above written.
Signed, sealed and delivered L b M CORPORATION, A Florida corporation -
in the presence of:
enry J. M l r, Pres
_ ATTEST : - - - .
Ceci 1 i a Z. M'- er,- ecre ~ -
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