HomeMy WebLinkAbout0025 and shall perform, comply with and abide by each and every ilie agreements, stipulations, conditions and
covenants thereof, and of fins mortgage, then this mortgage and the estate hereby creatcrl, shall cease. de
!ermine and be null and lroicl.
~n~ 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 this mortgage, or either: to pay all and -
singular the tares, assessments, levies. liabilities, obligations, and encumbrances of every nature on said pro-
perly; fo permit, rnmmif or suf
fp? no urilsfe, impairmen! or dplerioration of said land or the improvements
thereon at any limp: fo keep the buildings note or hereafter on said land jolly insured in a sum of not IPSS
than N/A
in a company or companies. acceptable fo Ilie mortgagee, the policy or pollc•ies to he held by, and payable
fo, said mortgagee, and in the event nay sum of money becomes payable by virtue of such insurance Ilie
mortgagee shall harp the right Io receive and apply the same to flip indebtedness hereby secured, accounting
fo the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and fitly
searches, reasonably incurred or paid by 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; fo perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In fie event Ihp mortgagor fails fo pay when
clue 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
fpcfing the option to foreclose
or any oilier right hereunder, and alI such payments shell bear interest from date !hereof at the highest lnw-
fuI rate then allowed by flip laws of the Sfafe of Florida.
any sum of money Herein referrer! fo be not pra:nptly paid within thin da s next a ter
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the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of snid
note and this mortgage, or either, ore not (ally performed, complied with and abided by, then the entire
sum mentioned in said note, and Ibis morega{fe; or the entire balance unpaid thereon, shall forthy~ith or
!hereafter, at the option of the mortgagee. become and be due and payable, anything in said note or'herein
to the contrary notivithstmiding- Failure by flip mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of uny rights or options under said rwfe or this mortgage accrued or
thereafter accruing.
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(C(~RPORfITE ~Ii ~ltn[SS thereof the mortgagor has caused These presents fo i
E tiFAI.> be executed in its name, and ifs corporate seal to 6e hereunto affixed, by its ,
'a proper officers thereunto duly auillorized, flip day and year first above written.
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~~TTEST:..___-...-..._- -_-I.AtTREL_BUILDERS- --INC. !
5rrrrlary
Si d, sealed and clelivered in the presenre of
~ ~ By
~ ~tneSS / - - 5/1?y~IV~ _ Presidrnt
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witness - ' t ^
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FLORIDA ~=~-i
Mate Of _
~(~jlty ~f INDIAN RIVER
~ 1 HEREBY CE12TfFY Ilwl on this day. hrlonr me. an allinr dolt awhorired in the Stole arri County alonsoid to 1aLe «Lrwwiedg-
mints. psnonolly appeared
PETER G. ROBINSON, President, Laurel Builders, Inc.
urll 4rwum to me to he the P/esidenl and respeclisrly of the corporation named as
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mortgagor in Iht laegoing inslrumenl, oral Ihol Il~ey xrrrolly ac4rwwledged executing the same, b the prrsrnct of loo suisfmiNng u+ilrvssrs.
~1 freely and solunlarily uruier outhorily duly vested in item 6y said eorporalion and 1ha1 the seol affixed thrnlo is the hue oorporote seal ~
j soil corporation.
W~I'NF.CS my Land and ollicial ual in the County and Stale last aforesaid Ibis ~y ~
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_ J hNQTARY PUBLIC
. ~ ~ Commission Expires:
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. ~ , z n«w r~teao »aa a florltl. fat ~
%is /ifs/naittul prfpnrfil hy: N?rCommNsbnEfrgirrs.lunfata,1~81
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