HomeMy WebLinkAbout1611 and shall perform, comply with and abide by each and every the agreements, stppulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby c?eated, shall cease. de-
termine and be null and void.
the mortgagor hereby further covenants and agrees to pay promptly when dw the principal and
interest and other sums of money provided Jor to said note and this mortgage, or either: to pay all and
singular the tnxea, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit, commit or suffer no waste. impairment or deterioration of said land or the improuemenls
thereon at any time: to beep the buildings now or hereafter on said land fully inattred to a sum of not lea
than N/A
in a company, or companies acceptable to the mortgagee. the policy o? policies to 6e held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable .by virtue o/ such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor Jor any surplus; to pay all costs. charges. and expenses. including lawyer's Jess and title
searches, reasonably incurred or paid by the mortgagee because of the failure •oj the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perjo?m, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. 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 note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to Jorecbse.
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law-
f ul rate then allowed 6y the laws of the State o/ Florida.
any sum of money herein referred to 6e not promptly paid within thirty days next after
the 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 perjotmed, rnmplied wilh and abided by, then the entire -
sum mentioned in said note, and this mortgage, or the entire balance unpaid !hereon, shall jorflugith or
!hereafter, at the option of the mortgagee, become and be due and payable, anything in said note or'herein
to the contrary notwithstanding. Failure 6y the mortgages to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or Ibis mortgage accrued or
- thereafter accruing.
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(CORPORATE ~n ~~u`e3S ~L the mortgagor has caused these presents to
SEAT-? be executed in ifs name, and its rnrporate seal !0 6e hereunto affixed, by its
I,I ~ proper of
ficers thereunto duly authorized, the day and year just above written.
I; ATTEST:.----•------------•--------------------------------------- LAUREL BUILDERS INC.
j SKnt.ry
Si ed, sealed and delivered in the presence of
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ess
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FLORIDA
INDIAN RIVER ~
~ bounty of
1 HEREBY CERTIFY blot on elps day. 6e/oar m...n of/iotr ddy «dM.+ud t.l du Sew. one Gaoler %nwd to too oc~wl~edo-
rnents. penlorwfty oppeanJ
PETER G. ROBINSON, President, Laurel Builders, Inc.
wrll fe/lounl to one to 6e tiw Pnlident orld n~pceiwfy o/ tfle mparwion nonled W
nw.tyoyor in the /aeeeoing tnstrumrM. and tiwt IJley ,eor.dly ocblo.~fedeed e~lecvfin~ dle sa//le, a etr pnaKnoe o/ too w6eoi5irlo luunea/es.
e /rely and oofuntoriiy uncle. auttlaity duly vested in ll/enl by ,aid oorpaolion ac+d eflat the ..ot u//iced ifle.do b tlr aw cn.pwoee ,ed of
WITNESS my io.d and o//tciol ieol in tl~e County ord Store ?aa a/orrioid tiw cloy of
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