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Home My WebLink About0021 l and shall perform, comply t:>ith and abide by each and every the agreements, stipulations, conditions and covenants fhereo/, and o/ this mortgage, then Ihis mortgage and the estate hereby created, shall cease, de- termine and be null and void. ~d the mortgagor hereby Jtr?ther covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in said note and this mortgage, or either: to pay all and singular the fares, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- pe?fy: fo permit, commit or suj/er no waste, impairment or deterioration o/ said land or the improvements thereon at any time; fo peep the buildings now or hereafter on said land fully insured in a sum of no! less than N/A in a company or companies acceptable fo tfre mortgagee, the policy or policies to be lceld by, and payable fo, said mortgagee, and in the event any sum of money becomes payable by virtue of such iruu?unce the mortgagee shall have the right fo receive and apply llte same fo the indebtedness hereby secerrc.>d, accounting to the mortgagor for any surplus; fo pay all costs, charges, rend expenses, including lawyer's fees and title searches, reasonably incurred or paid by flte mortgagee because of the failure of the mortgagor Io promptly and fully comply urilh the agreements, stipulations, conditions and cauertanls o/ said note and this mortgage, or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set Jorlh in said note and this mo?tgage~or either. In the event the mortgagor Jails to prey 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 of fecfing the option fo foreclose or any other right hereunder, and all such payments shall bear interest /rum date thereof at the highest lau,- Jul rate then allou,erl by the tau>s of the State of F=lorida. ~l any sum of money herein referee>d to be not promptly paid within thirty dbys next alter the same becomes due, or if each and every the agreements, stipulations, conditions and couenants of said note and this morfgaye, o? either, are not Jtrlly t>erformed, complied wish and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall Jorfhryifh or thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or•herein i to the contrary notwithstanding. Failure by the morlgnyee fo exercise any of the rights or options herein I provided shall not constitute a waiver of any rights or options under said-note or this mortgage accrued or f thereafter accruing. t 1 1 I ~I i . t ~ e ~n ~~tneSS ~Il~el~l the morfyayar has caused these presents to (CORPOKA7E t/:AI.) l,e executed in its name, and its corporate seal to be hereunto affixed, by ifs i~ proper of ficrrs thereunto duly authorized, l{te day and year first above written. I :~TTEST ..LAUREL BUILDERS, INC. ~ S.-rrclary SI Scaled and lelivPred itl the presence of [ vv itnes ~ pry'- Presidem - - SU'~122 fitness - - ~ ~ - f ~ l ~ t' ` l ! ~tulte Ol FLORIDA ~ ~ ~ bounty of INDIAN RIVER ii 1 HERF.RY CF.RTIIY tlal on tlis Jay. 6elon mr, an of{~cer duly autlwrized in' tlse Stale and Count dB y aforesaid to talee ar6wwfe ` meals. ptrsonolly appeorrd r I PETER G. ROBINSON, President, Laurel Builders, Inc. i( nYll lrnourr, to mr to 1u ll~e Prexdenf and respecf.oely of tl~e earporation named a all ac6rwuaed i mortgagor in Ibe {oregoing irufrumenl, and tl.al Il~ey sr~rr y ged executing II~e same,. to llie presence of Iwo sudsc~i6ing svilnrsses. ~I ~reely and voluntarily urwler autlwify duly vested in 11Km I.y sad corporation and loot tl.e seal a{/iced llierelo is 16e true corporate sea( of i~+) said corpwation. C ~ l I;I Wf1'NFS$ my kand and o{Iiaiol seal in ll~e County and Stale last alo+esoid psis day a( 11 A. D. l9 i ~.~ss~u•u,r • • .i, s _ ~ U~Y:IC------- - , I .'~1, ~_..'•p~ 1~. Coranission Expires . PA?fYC~A L I~t1 k !%is Lrs~niurnr/ prcpnre~r/ by: "°a^' sat. ~ ~ . OR s f1Ay Corrtmisttion E~iat,lttt»1A,,1lfl1 At/dmu 311~X PaGE z~