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11. It is specifically agreed that time is of the essence of this ,
contract and that no waiver of any obligation hereunder or of the obligation
secured hereby shall at any time be held to be a waiver of the terms hereof
or of the instrument secured hereby.
12. If foreclosure proceedings of any second mortgage or second ~
trust deed or any junior lien of any kind should be instituted, the Mortgagee
may, at its option, immediately or thereafter declare this Mortgage and the
indebtedness secured hereby due and payable forthwith, and may at its option
Qroceed to foreclose this Mortgage.
13. To pay all and singular the costs, charges and expenses, in-
a~luding attorney's fees for a_11 services including litigation and any and all
appeals therefrom, reasonably incurred or paid at any time by the Mortgagee
Qecause of the failure of the Mortgagor(s) to perform, comply with and abide
by each and every the stipulations, agreements, conditions and covenants of
$aid Promissory Note and this Deed or either, and every such payment shall;
bear interest from date at the same rate as the principal indebtedness, pay-
I}ble semi-annually. -
14. Mortgagor(s) covenant that (he,she,they) and the Association
responsible for the operation of the Condominium will observe all of the
provisions of the Declaration of Condominium which is recorded in the public
records of Palm Beach County, Florida, and of the Condominium Act, and will
erform their obligations under the said Declaration and Act; and a failure
~o do so which is not cured within thirty (30) days after notice given by
the Mortgagee to the Mortgagor(s) or the Association shall constitute a'
default under this Mortgage. Mortgagor(s) specifically covenant, but not by
way of limitation, that they and the Association will observe all of the -
provisions of the Declaration of Condominium pertaining to insurance coverage.
IN WITNESS WHEREOF, the Mortgagor(s) have hereunto set their hands
and seals this 22nd day of A ril 19 _
~ $Q_-
Signed, sealed and delivered ~ -
{
in th presence of: ' ~'1
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t~
~ .4 c ~ ~c~, _ ( SEAL )
tin Steinhardt
.(SEAL)
s to, ortga r s
1980 APR 24 aK ~ 53
STATE OF= FLORIDA ) F~EO ~h@ REL'Olt0E6
SS : S RL rO1TRAS~~
COUNTY OF PALM BEACH ) o~E~uc clRanT Gala
FECCP.B ~'ERlFtEQ____.~~
BEFORE ME, a Notary Public duly authorized in the County and State
aforesaid to take acknowledgments and administer oaths, personally appeared
MARTIN STEINHARDT
.well known to me and known to me to be the individuals described in the
above and foregoing instrument, who acknowledged before me-that (he/she/they)
executed it freely and voluntarily in the presence of two subscribing witnes-
nes for the purposes expressed therein.
WITNESS MY HAND AND OFFICIAL SEAL this 22nd day of Ap~'il
19 80 .
,,;Ziu~uro:..
J.
• Notary ubl i s
~yd~ ' My commission expires:
• ~ p~~ - NOTARY PUBLIC, STATE OF FLORIDA {
~~`~S~ p~B~r,G• : ~ ~r AT LARGE, MY COMMISSION
's ~ : ~ r . pJ(PIRES OCTOBER 13, 1981
T V
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eo<a~3~0 PEE 165
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