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and shall perform, comply with gild abide 6y each and every the agreements. stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
7~1~ the mortgagor hereby further covenants and agrees to pay promptly when dw the prinNpal and
interest and- other sums of money provided for in said note and this mortgage, or either; to pay alI and
singular the taxes. assessments, levies, Iiabiltfies, obligations. and encumbrances of every nature on said pro-
perty; to permit, rnmmit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time: to beep the buildings now or hereafter on said land fully insured in a sum of not less
than N/A
in n company or companies acceptable fo the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the eueni any 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 cows, charges. and expenses, including lawyers Jess and title
searches, reasonably incurred or.pnid by the mortgagee because of the failure o/ the mortgagor fo promptly
and Jully comply with the agreements, stipulations, conditions and rnuenanfs o/ 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 eueni the mortgagor fails fo 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 waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dote thereof at the highest law-
ful rate then allowed 6y the laws of the State of Florida.
any sum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or i/ each and every the agreements, sfipulnfions, conditions and covenants of said
note and this mortgage, o? either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire 6abnce unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee. become and 6e due and payable, anything in said note or herein
to the contrary nofwithsfandi?Ig. Failure 6y 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
thereof ter accruing.
(CORPOR.1Tf: ~n ~~uleSS ~~l the morlgagor has caused these presents to
Sf_AI_) be executed in ifs name, and its corporate seal to 6e hereunto of
fixed, by its
proper of
f icers thereunto duly authorized, the day and year f
first above written.
i~
ATTEST------------------------------ ..LAUREL_-BUILDERS.~...I~~~.------------••----•-------------------
$r. Mary
Signed, sealed and delivered in the presence of
~
Preridnrt
- --.~~~a-- 4084
' _ t9B0 AEI 22 11~ il~ 49
- FILtO AMC f:~COROCO
~`A`w ~ ST.LUCIC COU>iTY.FIA.
EAIr ~ :itt)QER POITRA5
`FLORIDA QL•ERK~tRtUiT CQURT
~l INDIAN RIVER RCCOAn~CPtrt[~?-_
f 1 HEREBY CERTIFY that on Ilw dor. 6eJon mr. an or~icrr duly oulborired in the Slnle and County sjo?erold b IaLe «frro~rtede-
mrnls, ptrsorwifr oppeared
PETER G. ROBINSON
well fmown to mr 10 6e lbe Presufent and rrspeaiiorir of Ibe eorporalion named or
mwlgogor in Ibt ~oreeoing inslrumenl. and tool Ibrr xveroifr «f~owi.dgrd execulinp lbe some, In Ibe sence
pre d Ara subsaibine asilnrsses.
s 1?celr and oolunlollr under autborilr duly reseed in lbem 6r soid torp~orolion and tbal Ibe scat a//fixed Ibenrb u ibe Inse eorpora/e seal of
soid corporation.
~ Wrl'NF_SS my band and oJ(irioi seal in lbe County and Stole lase oJorrsoid ibis 14th day of August
n. v. 19 80.
.
f, f._ - ~ ~ NOTARY PU
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Adl~i,~ . btM1K~~ PACE VJ•~
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