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a?rd shall perform, comply u,ill? and•abide 6y each and every the agreements, slipulnfio?is, conditions and
rnvenar?ts thereof. and of 11?is mortgage, Then lhia mortgage and Ihe'estate hereby created, shall cease, ds-
lermine and be null and void.
~tld Ilre mortgagor hereby f urlher eovenar?Is and agrees to pay promptly when due the prtncipnl and
tr?leresl and other sums of money provided for in said Hole and this mortgage, or either: to pay all and
singular the IaXPS, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
pe?ly: to permit. commit or soft
er no waste, impairmanl or deterioration of said land or the improvements
Iherecn at any Time; to beep ll?e buildings now or hereof ter on sold land fully Insured In a sum of not less
Ihan
in a company or companies acceptable to the mortgagee. the policy or policies to 6e held by, and payable
to, said mortgagee, and in the er?enl any sum of money becomes payable by virtue of such insurance the
mortgagee sl?all have the right fo receir,e and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; fo pay all costs, charges, and expenses. including lawyers lees and tiffs
searches, reasonably incurred or paid by the mortgagee bemuse of the Inilure of the mortgagor to promptly
and (??Ily comply u~ifh the agreements, stipulations, rnndilions and covenants of said note and lhts mortgage.
or either: to perform, comply u~itl? and abide by each and every the agreements, afipulnfions, conditions and
rnnena?rls set forth in said note and this mortgage or eil6er. In the event the mortgagor /ails to pay~when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said Hole and this
mortgage, or either, the mortgagee may pay the same, without waiving or of/ecfing the option to foreclose
or any other right here??nder, and all such payments shall bear interest from date Thereof a! the highest lau~-
ful rate Then allotved 6y the taus of the State of Florida.
~l any sum of money herein referred to be not promptly paid within Thirty days next of ter
the same becomes due, or iJ each and every the agreements, stip??Ialions. conditions and rnvennnts of said
note and This mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum menfior?e~+l in said note, and this mortgage. or the entire balance unpaid therron, shall forthwith or
Thereafter. of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary ??otr?~?thstandi??g. Failure I?y the mortgagee to exercise any of the rights or options herein
pror*ide?I shall not rn»stil??le a waiver of any rights or options under said Hole or this mortgage accrued or
i Thereafter ac1crquing. `
~n ~p~Lll~s ~~~`s the said mortgagor has hernunfo signed and sealed these presents the
day and year f irsf above a+rillen. • '
a3w 1,.~,
~ v,.,.
Signed, sealed and deli?~ered in the prnsence of : r~C_.,:.:;;~•,~ .
,
AVALON CONSTRUCTION._QF PORT_ ~ ~
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i ~ ~ E~ r~ o P~i sci ott~i president -.s.~~'~-K o .
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STATE OF FLORIDA COUNTY OF ST. LUCIE
1 HEREBY CERTIFY, That on this ~ 8th day of AUGUST , A. D. 19 80 ,
before me -personally appeared Enrico Pi sci otti
respectively President ~r , of
AVALON CONSTRUCTION OF PORT ST. LUCIE, INC ~ a FLORIDA Corporation, to me
known to be the persons described in and who executed the foregoing instrument and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and purposes therein mentioned; and that they
affixed thereto the official seal of said corporation, and the said .instrument is the act and deed of said corporation.
WITNESS my hand and official seal at Fort Pierce ~ - , said c y and te.
Notary Public, in a for State and County aforesaid.
My Commission Expires:
II ~9'~b18
` ~ i",o~ i,IR:i 27 '~t~ ~ 28
~ILrC RNf ~~Ft3i
ST.LUCIF CCti;rtY.FiA.
ROGER t'OtTR~.S
CLL4K CIACUII CCU~2T/)
t'lI/S ~/[.f/rt///Ifll/ plr'~!7/t'[/ hy: rrcr=~, ti•! r;-~-, ~
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