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and :hall perform, comply with and abide 6y each and evs~~i agreements, stipulations, conditions and
covenants Thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and void.
the mortgagor hereby further covenants and agues to pay promptly when dw the principal and
interest and other sums of money provided for in said note and this mortgage, or either: to pay all and
singular the taxes. assessments, leases. liabiQties, obligations, and encumbrances of every native on said pro-
perty; to perntst, commit or suffer no waste. impairment o? deterioration of aaid land or the improvements
thereon at any time; to 4eep the buildings now or hereafter on said land fully insured to a sum o/ 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 event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, neeounttng
to the mortgagor far any surplus: to pay all costs, charges. and expenses. including lawyer's fees and title
searches. reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, eondittons and covenants of said note and this mortgage,
or either: to perform, comply with and abide 6y each and every the agreements, stipulations. conditions and
covenants set forth in said -note and this mortgage or either. In the event the mortgagor fails 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 wnsusng or of
f
acting the option to foreclose
or any other right hereunder, and all such payments shall bear snterest from date thereof at the highest iaw-
f ul rate then allowed by the laws of the State of Florida.
~l any sum of money herein referred to 6e not promptly pasd within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations, conditions and rnuenants of said
note and this mortgage, or either, are not fully performed, complied with and nbsded by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpasd thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and 6e dtte and payable, anything in said note or herein
to the contrary notwithstanding. Failure by 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 acnuing. -
• s Sn ~lttleSS ~heCeof the mortgagor has caused these presents to
I (CORPOR.~TE
SF_AT.) bP executed in its name, and its wrporate seal to 6e hereunto affixed, by its
j i proper officers thereunto duly authorized the day and year first above written.
-.LAUREL BUILDERSr INC.
Secretary
~ Sig ,sealed and delivered in t?te presence of : ~
- ~~ce' Pre.ident
{ -
e
Mate of F~ oRi~ A .
bounty of sr, ,emu ~~E -
(I 1 HEREBY CF_RTIFY that on this day. before mr, an o//ia? duly aulhortred in lhr Slate arwt County a/oresoid to laiee ocl~•wrrlede-
~ manta. persorwlly appeared
~ - p ErE~e. G . R~~~s/so
u~eil lrnowr to me to i.r tk~ Vftts•PrF;idFnt and nwcfiwlr of the corporation Warned as
ntorlgagor in the /oregoing instrument. and That lbry generally acLrrou~ledged rsecuting lbe same, in the pnsenoe o/ faro subsoi6ing u~ilnesses.
reels and voluntarily under authority duly rested in them 6y aaid corporation and drat the oral a//iced thereto is the tare awpwate seal o/
r-
said corporation.
W~T{`'ESS my horal and o//ictial seal in the County and State last o/oresoid this ~7~ day of A~/~
A. D- tv 8O
484132 -
-
IaEO APR 23 Pl;12~ 15 ,,r„r,,,,,
FItEO ~kQ FfCCRt`f0 ~ ,
SLIUCIE COUfITY:FIA. _ J'~~1',
ROGER POITRAS ,e r~s*--l~E COMMISSION EYPIFES
CLERK CIRC131T COU ~ _ ~ 1 , ~ -
!lrrs /iu/n ~,»t»~ pnparrtf by: ~a~ t~tene titaa d ~ ~ w•
~''.`'SZ~,, - MI?CoaMaimton E,pi?ss.NKteti,,l~t
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