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and shall pe?jorrri, comply with and abide 6y each and every the agreements. stipulation's. conditions and
covenants thereoj. and of this mortgage, then this mortgage and the sitnte hereby created, shall cease. de-
termine and be null and irotd.
the mortgagor hereby further covenants and agrees-fo pay promptly when dw the pririctpal and
interest and other sums of money provided for in sold note and this mortgage, or either; to pay all and
singular the lases. assessments, levies, Iidbilities, obllgaliont, and encumbrances of every nature on said pro-
perty; fo permit, commit or suffer no waste, impairment or deterioration of said land or the improvement -
fherecn at any time: to keep the buildings now or hereafter on said land fully insured to a sum of not less
than
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 fo receive and apply the same to the indebtedness hereby secured, aceounttng
to the mortgagor for any surplus: to pay all costs, charger. rend expenses, including lawyer's jeer and title
searches, reasonably tncr/reed or paid 6y the mortgagee because ~oj the jailors of the mortgagor to promptly
and jolly comply urifh the agreements, stipulations. conditions and covenants of said note and Ibis mortgage,
or either; to perform. comply with and abide 6y each and every the agreements. aftpulations. eondtfions and
rnvenanis se! forth in said note and this mortgage or either. !n the event the mortgagor jails to pay when
due any fax. assessment, insurance premium or other sum aj money pnynble by virtue of said note and this
morlgnge, or either, the mortgagee may pay the same. without waiving or of
jecttng the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
jul mfe then nllowed by the laws of the State nj Florida. -
~L any sum of money herein referred fo be not promptly paid within thirty days next after
the same becomes dug, or ij each and every the agreements. stipulations, conditions and covenants of said
note and this mortgage. or either, are not jolly performed. rnmplied 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, of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contr6ry notunthstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not consfilrrte n u?aivnr of any rights or options under said note or this mortgage accrued or
thereof ter accruing.
~n ~itntSS ~hrreof, the said mortgagor has hereunto signed and sealed these pr+es~~f~t~,~ie.. ~ ,
day and year just afiorp a+ritlen. ; .
Signed, sealed and deliv ed in the presence oj: GEM 6 ~RS, -
,
.
- - - -----••----,r.--
/j/~ Lo 's 6eninati, President
~
.
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I
493429 -
STATE OF FLORIDA COUNTY OF ST. LUCIE
~ I HEREBY CERTIFY, That on this 10th day of July , A. D. 19 ~ ,
before me personally appeared LOUIS BENINATI ~jXX
-
respectively President ~iRdl ~~rXXXX1tXXX~X1()()(X~(~(XXXXXXXXXX . of
~ GEM BUILDERS, INC. FLORIDA
a Corporation, to me
known to be the pe sQnR described in and who executed the foregoing instrument and severally acknowledged the exe-
~ cution thereof to be ti~eK free ad and deed as such officer!( for the uses and purposes therein mentioned; and that ~tay
E affixed thereto the official seal of said corporation, and the said instrument is the ad and deed of said corporation.
E WITNESS my hand and official seal at Fort Pierce ,said coon red st -
~J1~;"
Notary ublic, in a for State and it _sqa' ~
: My Commission Expires: _ - • -
€ NOTlkY P;181 fC STAfE'Qf'^ ~tlD?~:~~^"`~~i '
ij.% .'ti-O. ~ syvy
,v .
I q,~-g3
l7ru b,~lruaf„~ prprrrc~f by: Treasure Coast Service Corp. -
Post Office Box 249 ~~,~?~~r
Ad~fasr Fort Pierce, Florida 33450 ORS PAGE UJ l
~ BOOK Ohl