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and shall perform, comply with and abide 6y each and very •tlw• agrwmenb, etipulottons, conditions and
t:ovenanls thereof, and of this mortgage, then thb mortgage and lIle estate herby coated, shall cease, de-
terrnine and be null and void.
the mortgagor hereby further eownants and ogees to pay promptly when dw the principal and
interest and other sums of money provided for in said note and thb mortgage, or either; to pay all and
singular the taxes. assessments. levies. 1ia611ifles, obGgattons, and encumbrances o/ every Wotan on said pro-
perty: to permit, commit or suf
jer no waste. -impatnrtent or deterioration of said land or the ;mprovemenfs
thereon at any time; to beep the buildings now or herenjfer on said land /ally insured in a sum of not less
than N/A
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to,-said mortgagee, and in the went any sum o/ money becomes payable by virtue of such insurance the
mortgagee shall have fhs right to receive and apply the same to the indebtedness hereby secured. accounting
to the moNgngor jar any surplus: to pay all cosh, charges. and expenses. including lawyer's fees and !tile
saarchas, raaroaably in.-urrad r» paid by the mart$agae barnusa 8f the f
e:lll;ra of the mortgagor to w~nrnpily
and (ally comply with the agreements, stipulations, eondifttins and covenants of said note and this mortgage.
or either: to perform, comply with and abide 6y each and every the agreement, stipulations, tronditlona and
covenants set foNh in said note and this mortgage or either. In the event the mortgagor foils to pay when
due any fax, assessment, insurance premium or other sum o/ money payable by virtw.oj said note and fhb
mortgage, or either. the mortgagee may pay the same, without waiving or affecting the option to jonclose -
or any other right hereunder; and ell such payments shall bear interest from dale thereof at tlu highest iaw-
/ul rote then allowed 6y the laws of the State o/ Florida.
Jl any sum of money herein referred to be not promptly paid within ~ - days next after
the same becomes due, or tj each and every the agreements, stipulations, conditions and covenants of sold
note and this mortgage, _or either, ore not jolly performed, complied with and abided by, then the entire
- sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shell forthwith or
thereafter, nt the option of the mortgagee, become and be dos and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y 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 fhb mortgage accrued or
thereafter accruing. _
e~M
(CORPORATE n ~uL~ ~It~[~Y` the mortgagor has caused these presents to
I SF_AL) 6e executed in its name, and its corporate seal to be hereunto of
f
axed, by its
proper o
f
f icers thereunto duly authorized, the day and year f
first above written.
ATTEST'-----------------------------=------------------------- ---LAU~tEL•&1I1.DT:BS, -INC.
S\Yed.~y
k Sig ed, sealed and de red 'n the presence of
4 I ~Vi<I~ u/Ctl- Presider?t
P - - -
~ 1980 fE8 29 A~ ~ 0
IILEL I~NC PECORGt=O-
ST.IUCIE COUNTY.fIA.
~?A?w oI RQGER PQITRAS
Ltai~ t CLERK CIr~Ct'IT C~JJAT
`y
1 HEREBY- CERTIFY /lmt 11\is dap. 6/.{won ,ne/on o//toe. ddr owM.:r~d to el~s Stole o.d Connhr ./onr.od w IaL. «~de-
mrMs, pe~sor\ollp oppeued /Q _
aril Iuwsun to se\e to be llu• ~~G~-~ Pnsidrntv7 and napMioetr o{ t{ee ewporalion menrd or
morlyagor to tl\e {ongoing insVumenl. aed 11\01 II\ep sene?dlp «Gssouaedped ezecul4sp lies tams, to 16e presence o{ l\w su(,scsilHe\e sollneases.
{reelp and srolunlarilp order aull\orilp duly vested to llsem by sold oo?porolton and t/\0t llr .col a(/iud tbeuto t: dia te,.. oo.ponre ,.at o{
~ said corporalian.
W~1'NESS mp 1\a,rl ur\d a/{icial ,col M 11\e Counlp a+\d Stale Iasi o{oreaad ll\is a / ~ dap of Feb1U8!'~1
~ A. D. t 9 80.
1
{cE
!p A
. ~ ZJ~,`~~;:• NOTARY PUBLIC- .
-
o
T/,u Lrs~nnrcy,~ papa~rd by: s. a
Adr/mts 6GOKtil?~?V ~~1371
4