HomeMy WebLinkAbout0545 and shall pe?jorm, comply with and abide 6y each and ee~ery the agreements, stipulations. rnndifio?u and
eovenanb thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null rend void.
the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest _ and other sums of money provided for in said note and thi, mortgage. or either; to pay all and
singular the taxes. assessments, lentgs, liabilities. obligations. and encumbrances of euery nature on said pro-
perty: to permit, commit or suffer no~waste. impatrntent or deteriorotion of said Land or the tmprowmenta
thereon at any time; fo keep the buildings now or hereafter on said land fully insured in a sum of not lest
than N/A
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
fo, said mortgagee. and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo receive and apply the same !o the indebtedness hereby secured. ac~eounting
to the mortgagor for tiny surplus: to pay all costs. cha?ges, and expenses, including lawyer's Jess and .title
searches, reasonably incurred or paid 6y the mortgagee because of the failure 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, rnmply with and abide 6y each and every the agreements, stipulations, conditions rend
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insuronce premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the acme. without waiving or affecting the option !o foreclose
or any other right hereunder, and all such payments shall bear interest from date thereo/ at the highest law-
f ul rate then allowed by the laws of the State of Florida.
~l any sum of money herein refereed to 6e not pro:npfly paid within thirty days next after
the same becomes due, or if each and euery the agreements, stipulations, conditions and covenants of said
note rend this mortgage, or either, are not-fully performed, complied with and abided by, then the entire
sum mentioned in said note, rend this mortgage. or the entire balance unpaid thereon, steal! jorfluuith 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 of any rights or options under snid note or this mortgage accrued or
thereafter accruing.
(CORi'ORATF_ ~~uf~JJ the mortgagor has caused-these presents fo
~F.AI.) be executed in ifs name, and its corporate seal to 6e-hereunto of
f
fixed. by its
proper off icers thereunto duly authorized. the day rend year firs[ above written.
ATTEST------------------------------ ~..LAUREL--BUILDERS.,-..INC,.-----------•-•--•---•--------- -
Snreeary -
Signed, sealed and delivered in the presence of : i
7t„ •l
k By...:--...-- L----------------------------------- S--•---~---...-•----
-w`~"c
M-.
- PreaiderN
-.~~.....~r~ 49'090
Hess .1980 aUG 22 PN 12: 03
FILED RNC FECOROfO
St LIJCff Ct)IIIfTY.F A.
` ROGER POtTRA~
Ol CLERK CIRCWT CCIIRt
Or PECORD i'FRI',Ef~_ -
` -
1 HEREBY CF_RTIFY tlwl on Ills day. 6e~on mr, an of~icer duly owiwriud in Ilse $lole and County a/onsnid b la`r oclerwrrlede-
meals, persw~ollr oppeared
PETER G. ROBINSON
1 urll 4nou~n to fine eo 6e IGr P..~idnt wed respecliorlr d die crorporolion nnn.ed m
mn.lgogo, in the ~nngoing instrument. and Ilwf Il~~r sraerolly «lyauaedged ereculing ll~e same, in Ilr p.esence o/ tuw wGsaiGing u+iinesses.
~reely and .+oiunlarflr under~autlwrilr duly vraled in Il~em br soid oorpoeolion and Ilat 1hs seal o/(ued ll~rnrlo is the ln,e rn.po.ott seal of
sold cwporo/ian.
WFINESS my IwnJ and o(/idd scot in ll~e Counlr and Stole lost ajarr,od ibis 14th dor of August
• - • ' NOTARY PUBL
s~N U.6 L-~ ~
'~f~tl,~,.;: lrty Commiss~~i/~o~Jn ExpiresG
,.,;jt ~ / / / ~
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