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and shall perform, comply with and abide 6y each and every flee agreements. stipulotions. conditions and
covenants therto/, and of this mortgage, then this mortgage and the estate hereby created, shall cease. de-
termine and 6e null and void.
the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided /or in raid note and this mortgage, or either; to pay all and
singular Ihy faxes. assessments. levies, Itabililies. obligations, and encumbrances eJ every nature on said p?o-
perfy: to permit. commit or suffer no waste. impairment or deteriorotion of :aid land or the improvements
thereon of any time; to beep. the buildings now or hereafter on :aid land fully insured to a sum of not less
than p/A
in n company c: 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. accounting
fo the mortgagor Jor any surplus; to pay all costs, charges. and expenses. including lawyers fees and title
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
nrld fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; fo perform, comply with and abide by each and every the agreements, affpulations, rnnditiona and
covenants set Jorfh 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 vistas of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to Joreclosd'
or any other right hereunder, and all such payments shall bear interest Jrom date thereof at the highest law-
ful rate then allowed 6y the laws of the State of Florida.
~l any sum of money herein referred to 6e not promptly paid within thirty da7n next alter
Ilse same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, rnmplied wick and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forfiuvith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y the mortgagee to exercise .any of the rights or options herein
provided shall not constitute n waiver o/ any rights or options under said note or this mortgage accrued or
thereafter accruing.
(C0Ri'0Rr1TE ~n ~itntSS ~li~~~l the mortgagor has caused these presents to
SF.At.) be executed in its name, and its corporate seal to 6e hereunto aQixed, by its
• - proper of
jicers thereunto duly authorized, the day and year first above written.
_ _ - --LAUREL BUILDERS.,-.-INC.
f Signed, sealed and delivered in the presence oj: •f ~ ~ ^ ;7/ - /
r1 ~ ~ .Sc i G~-
1 , By ...............................~--------C-
. ...a-~•...{~ Preiidrnl
~ wi/f„/~1~~-~... 49'~U98
E
witness 1980 CUs 22 A~ il~ 58
FKEr its?lr ~ECCR6t0
S1.li1CiE CWJtTY.i'lA.
` ~aER POITRAS
~l FIARIDA QUIT COURT
INDIAN RIVER
/ HEREBY CERTIFY 11.a1 on lies day, iirfore r?r, an of
ficrr ddr oulliorised to tl~e Slate and Countp aforesaid b take «krwrrleda-
mrnls, personally appearc,l PETER G. ROBINSON
ual known to me Io 6e Ilse President and nsptclioely of Ilse oopo.alian rwmed as
mo?Ipago? in Ile tangoing inslrumenl, and Ilwl lliey sroerally «krwuaedged eieculing Ile same. in ll~e presence of taro subscridinp uri/nesses.
freely and .dur,la?dy under autl~wily duly nrs/ed in Item l'y said corpora/ion and ll,ot 11.e scat aJ%i~red Ilmrero is lire we cwponale scot of
said torporalion.
5 ~ WIf'NFSS my iwnd and official scot in tle County and stale last aforesaid Ibis 14th day o/ August .
A. v. i9 80.
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