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and shall perform, comply wit~t and abide 6y each and every the agreements, stipulafioris, eonditions and
cot+enanls thereof, and of ihisrmortgape, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and twirl.
the mortgagor hereby Jtufher rnvennnts and agrees to pay promptly when du. the pNncipnl and
interest and other sums of money provided for in said note and this mortgage, or either; to pry all and
singular the tares, assessments, levies, liabtlifie:, obligations, and encumbrances of every naftu~e on said pro-
perly: to permit, commit or suf
jer no tussle, impairment or deterioration of snid Land or the tmprovemenb
Iherecn at a?ty time: fo keep the buildings nou+ or hereafter on wid Land fully insured in n sum of not less
than full insurable value
in a company or companies acceptable fo the mortgagee, the policy or policies fo be held 6y, and payable
fo, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receit+e and apply the same to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus; to pay all costs, cha?ges, and expenses, including latuyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failtue of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and cot+enanfs of said note and this mortgage,
or either: to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set jortlt in 'said note 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 wnit+ing or affecting the option to foreclose
or any olXer right hereunder, and all such payments shall bear interest from date thereof at the highest lnw-
(ul rate then allowed by the laws of the State of Florida.
~l arty s~rm of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenanb.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, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in snid note or herein
to the contrary nofu+tthslanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not cortsfifrrfe a u+ait+er of arty rights or options under said note or this mortgage accrued or
~s.Jli~}ill~~lr;~ccruing.
a-,~ i tt.
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` A~ r the said mortgagor has hereunto signed and sealed lhese'presenls the
. ~ ¢SS thereof
d Ott=#f~f shot+e a+riflen.
~?td debt+ered in the presence of : ~
~ - C•
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' ?.wG
Y./..Y.
' President
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STATE OF FLORIDA,
Ct)C`TY c)F St. Lucie
I I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
WILLIAM LoBRUTTO and HAROLD H. GOLDMAN, President and Secretary
~ respectively of MGLS, Inc. , a Florida corporation,
to the knoN•n to be the persons described in and who executed the foregoing instrument andthey acknowledged
Itefore the that they executed the same.
S~'I"l~\ESS my hand and official seal in the (:ounty and State last aforesaid this d of
April A. D. 19 80.
,r
` ? : rtOv?Rr VWL 1 C St ,1E O` cIOR t DA Al LARGE
~ . ~ 19E0 APB 10 A1~ 9~ 02
MY C M'SS~O?~ EXPIRES Al1G. 14 1982
_ ~ l ~ ' st" ~ itL:D'h[ PECQiIt1FD p 1MRU GENER~I INS IMIDERWRITEItS
' ~ ST. UCIf. C~~NNlY.fLA.
- _ R GER POITRAS
j ' _ , _ fttE 'it CtftCtiR
u
~~~~8'f
his Irsirnir~in pr~pnrr-~/ hy: HAROLD H. GOLD!~IAN
Attorney at Law B~~`~
,1 rlrlrrxc 8023 S. Fedara3 ~ ~SweY P~E 374
Port St. Lucie,- H.. 33452