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and shall perform. c3mpiy u:lih ars.~ s:bi~s br az:d >;s~crv.:the ag-cements. stipulations, conditions and
cownantit thereof, and of this mortgage. then this mortgage and the estate hereby created, ahaU cease. de-
termtne and be null and void.
the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provtded for in said note and this mortgage. or either; to pay all and
singular the taxes, auessments, levies, Itabilities, obligations, and encttmbrancea of every nature on said pro-
. party: to permit, commit or suf
jar no wrote. impairment or deterioration of said land or the improvements
thereon at any time; to keep the buildings now or hereof ter on said Innd fully insured to a sum of not [ass
than the highest insurable value thereof
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held by, and payable
to, said mortgagee. and in the event any sum of money becomes payable by virtue of such tnsluance the
mortgagee shall have the right to receive and apply the same to the irtdebtednesa hereby :scored. accounting
to the mortgagor jar any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y the mortgages because of the (nilure of the mortgagor to promptly
and fully.comply with the agreements, stipulations, conditions and covenants of :aid note and this mortgage.
or either; to perform, rnmply with and abide by sack and every the agreements. stipulations. cnnditions and
covenants set forth in said Hole and this mortgage or either. In the event the mortgagor jails 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 Iaw-
ful race then allowed 6y the Iowa of she State of Florida.
~l any sum of money herein referred to be not pro:npfly paid within - 30 days next after
the same becomes due, or fj each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned to said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, nt the option of the mortgagee, become and 6e due 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 this mortgage accrued or
thereafter aecnting. ~
.f'. 1i1' •ili:
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~ ;~4_ 3n ~~tness whereof the mortgagor has caused these presents to
5E~); 6e executed in its name, and its corporate seal to be hereunto ajf
fixed, 6y its
f: ,'~41°,1~-~;:~'C~ proper of
ficers thereunto duly authorized, the day and year first above written.
;_""'~;'1°.~~ ~ THE METHODIST CHURCH BOARD OF
r . ~'.bl~`,X, MISSIONS AND CHURCH EXTENSION OF
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! xs~~xxMEL80URNE •DISTRICT INC. , ~ a Florida •
! Signed, sealed and delivered in the presence of : COrpO(~tlon t for profit
! , ,
" Y•---:-•-•---• hur---R; ----Pseaideat----
---•$eactr-~
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;9~0 NAR 25 ~ ~ 53
s~ Euc'' ' c ~
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ta~~~ .t Q~p1(CtItCtNT
mat[ R FLORIDA ItECB~i ti'ERtFIEn. ~
-~,~t! Q~ BREVARD4~820
1 HEREBY CERTIFY t6a1 on rhis day. 6r(ose nv, an o(Jice? ddy awlarittd in ilea State and County o%rrwid to lak «~rsaa~tedg-
sswnls, penossolly apaa„rd ARTHUR R. BEACH
well Known to sees to br 1/.e PnAdMe ~e J0IlitiaG!!fI o/' ~ ~ swns.d as
moregagw in tle Joregoinp enslnimtnl, and Ilat tlfiijYrlirXs~y «lnwwledged eiecuHng Itie .:omr, in Ilsr pesencr of Iwo su6svibir~y a~rnrasn.
(.Kly and s»luntanily u.r4. aurlswity duly srsetd tnby ,aid corpvralion and llat tl~e .cal ot~ucrd tls.reto is 16t due oo.paole srol of
sod cnrporntwn 's
WfTNE_SS .ny iwwd and oJJkiai seal in tle County and Stale Post aJasrsoid ll~ia _ /t~ ~ dor of
.
A. D. t~(~tttltq ~ ~ '
R y
,ice ~ti.• ~ 'q/lj ti ~ ~
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_F' :.c_
_ Notary Public, ate o~ Fla. a Large
r, , My Commission Expires : ~ ~~711_n.1.Gli/~Jr ~q p'~
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A~j~*.. 1s~328 r~ 587
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