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and shall pe?jo?m, comply with and abide by each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
tei•mine and be null and void.
IUL1fi the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either: fo 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 deteriorotion of said land or the improvements
thereon at any time:
than the hig st insurable value thereof
in n company or compan s acceptable to the mortgage po icies to be held by, and payable
to, said mortgagee, and in eve oney becomes payable by virtue of such insuronce the
mortgagee sh g to receive and apply the same to the indebtedness hereby secured, accounting
to pay all costs, charges, and expensws, including lawyer's fees and title
searches, reasonably.incrtrred or paid 6y the mo?tgagPe because of file jailors of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perform, comply with and abide by each and every the agreements, stipulations, rnndifions and
covenants set forth in said note and this mortgage or either. ?n the event the mortgagor jails fo pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of snid 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 Inw-
f ul rate then allowed 6y the laws of the State of Florida.
~L any sum of money herein referred fo be not pro:nptlp paid within 30 bays next niter
the same becomes due, or if each and every the agreements, stipulations, rnndilions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, ar~d this mortgage, or the entire balance unpaid thereon, shall f
orlhtgith or
thereafter, at the option of the mortgagee, become and be 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 o/ any rights or options under snid note or this mortgage acc?ued or
thereafter accruing. -
t
i ~
~ ~n ~~tneSS whereof the mortgagor has caused these presents to
(CORPORATE
~ SEAf_) be executed in i!s name. and its corporate sent to be hereunto of
fixed, by its
proper of
fivers thereunto duly authorized, the day and year first above written.
i.
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' If ATTEST:----------------------- - -----ADAMS RANCH INC. , a Florida -
~ t -
S:~rFta:y co ration
I ~ Signed. s and delivered in the presence of
~L---/~~.t~ . ~ By--- -
Alto Adams , Jr . , Its President
- -
I ` -
~tAte Ql FLORIDA
~oUnty Of ST. LUCIE
!i 1 HF_REBY Cf:RTIFI' that on lliis day. l.e/on mr. an o~(inr duly awl~orired in tl~e Slate and County afansaid- to tafor oc'6sosoledg-
mrnls. personally appeared ALTO ADAMS, JR. ,
If
well lrnuu~n to me fo he t!w Pnsidenf ~ }C~~ of tl~e Mrpo?alian .wined a
,mgrlaagor in l6e ~wegoing inslrnl. and Il~ot m ac4nouaedged esecWinq Ilse some, in tl~e pnsenoe of two sutaaiidinp r+ilnesses.
. . ±~~eJr:pnd snfuntarily undrZ aul i!)r duly rested in 6y said cnrporalion and dwl flu seol a~Jued lberNo is Ilse true corporate srol of
? - so~- lbr~iosak6r4 '
r, nV~fl'!VI~SS my hand and al/icial seal- in tl~e county and state fast a/oreasid tfus 28th day ai March
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- l,.-. 190 M 28 PM 4• -
- ~ jF~~j~•; Notary Pub ic, State of Fla. at Lar e
t:+zt:o atcr Ft:coK o My Commission Expires : 2-7-81
; - sr. iuctc couff rY.ft,~_
ROGER POf TRAS
LL~Rlt CIRCUIT CCt;?1 - ~ .
ICI 1lU7Cr71 s'En+i ~r.,_---`'-~L
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