HomeMy WebLinkAbout0017 and shall perform, comply with and abide 6y each and every the agreements, stipulationi. conditions and
rnrenants thereof . and of this mortgage, then this mortgaUe and the estate hereby created, shall cease, de-
termine and be null and roil.
i~nd the mortgagor hereby further covenants and agrees !o pay promptly when due 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 faxPS, assessments, levies, IiabIlifies, obligations, and encumbrances of every nature on said pro-
perty: to permil.•rnmmif or suffer no waste, impairment or dete?toralton of said land or the improvements
thereon at arty time: !a Iteep flte buildings now or hereafter on said land fully insured to a sum of not less
than
in a company or companies accetrlable fo the mortgagee, the. policy or policies to 6e held 6y, and payable
to, said mortgagee. and in the even! arty sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; to pay all cost:, charges, and expenses, Including lawyer's fees and title
SParchPS, reasonably incurred or paid 6y the mortgagee bemuse of the failtue•of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, comply u?ith and abide by each and every the agreements. stipulations, conditions and
cot~enartfs 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 by virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
fecfing the option to foreclose
or any other right hereunder, avid all such payments shall bear interest from date thereof nt the highest Iaw-
f tri rate Ilten allotucrl by the laws of the State of Florida.
~L arty sttm of mortPy herein referred fo 6e-not promptly paid within 30 days next niter
the same becomes dtte. or if each and every the agreements, stipulations, conditions and covenants of said
note and this mo?tgafte, 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 fn said note or herein
to the contrary nofu~tthsfandinq. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not rnrtslittrfe a waiver of any rights or options under said note or this mortgage accrued or
(hereafter accruing.
~n ~itneSS whereof, tltP said mortgagor has IterPtrnfo signed and sealed these presents the
day and year fiat above a+riHen.
Signed, sealed and delit~ red i the presPrrce of : AVALON CONSTRUCTION OF PT. ST. CIE, INC.
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_ Enrico Pi sci otti ~•~;a~ _
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~ STATE OF FLORIDA,
r COI'\TY OF $t. LUCIt?
(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
Enrico Pisciotti •
to me known to be the person described in and who executed the forettoin¢ instrument and f 1Q acknowledged
Ixforc me that he executed the same.
N'i7~1ESS my hand and official seal in the County and State last aforesaid this p~p~ daY of
Apri 1 A. D. 19 $0
_ _
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NOTARY Pi161 I STATE OF FL~6~i~Kf.,E''~.
MY COMMISSION EXPtictS i ~.Y:os,',v ';:0,
130 ~ -8 P 2~ 38 ~ ~ -
3 Q~~ wr+Ofo Iww GErv~itn~ irvs .'~I~~u ~s = . -
t1L'~C RhD PI Wr'f D i`.~,~f .~r•~Gs~
£ RCGERPOITRI.S f" •~t::,-=gx~'• ~
l FLERti Cln,Uli CC4jRT~ ,r ~ `i'~~~,~.~`
s ~ P
%is LtslnintnU p/trpr~rrtl hy: 60~K PLGf 17
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