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HomeMy WebLinkAbout0186. nnd shall ~~(urm, rontply ivilh a-~d ~6~dP 6y .~h and e~~ery Ibe ag~eemenis, stlpulalloris, co~dtliona and corenanls then~~. and oJ this morlf~aste. 11~en lhis ~no-t~age and Ihe e:tale -~ere6y c-rutcKl, shall cease, de- IPII11111P Ail~ ~)P /111~~ QII(~ I~UIf~. Iin~ f~~r murl~~a{~or ~i~mhy (urt~~er covenanis anc~ agrees fo pay prompfly when cJue II~e principal ancl ~ inlernsl n~~~ ol~u>r sums o~ money proui~c~I Jo~ in saicl nole and f~is morlgage. or PIIhP~; 1o pay a~~ and ~ sin,ryular IhN Iax~s. ass~ssm~~~fs, Irnies. Ital~ilities, ohltl~alions, and encum6rance~ oj every noture on said pro- ~ perly: to ~rmil, commif or su~~Pr no u~asfr, impni-m~nl or ~eteriorafion o~ sai~ ~anc~ or Ihe tmprot~empnis ~ Il~~rn~•n af a~~y Iim~•: io l~•c~p fl~~ buil~lin~~s ~wu~ or her~~(I~r oe~ .~id ~ant~ ~ully insurecl in a sum oJ nu! less ~ ~hon N/A ~ iu i~ ~•ompnny or i•omp~nii•s acc~pfa~,~~ fo f~~e mo-f~a{~~e. f~~e po~icy or po~lcies lo'-e he~~ hy. ant~ payah~e ~ fo, sai~1 moA~in~~~~. an~l in 11~~ r~~~nf ~ny sum o/ mo~~~y 6~comes payable 6y niNue of such insurnrzce thP ~ morfguc~~~ s~i~~~ ~~a~~~ f~i~ rig~~l fo ra•~~i~~~ anc~ aPply ~hP Sa--~p ~~ ~ha ~Rde6~pdness hernby securecl, acrnw~fing ? ~ fo f~i~ morlgar~or (or any surp~us; fo pay a~~ cosfs. ~•~~arpps, anc~ exppnsps, inc~u~ing ~awyer~s ~ees antr Itt~e ; svan•Ii~s, r~usona~~~y in~~ore~I or pai~I hy II~~ morfga/~~e hecause o( fhp ~ai~ure o~ Ihe morlga~or fo prompl~y an~ (u~~v i»mp~v u+if~~ t~~e agrn~~m~~nis, sHpulafions, c•on~ifions arul conenanfs o( saic~ rwtp a-u~ Itiis mortgage. . o~ ~il~~~~r, fo p~•r(urm. romp~y ~oil~~ an~~ aE~i~~e ~~y ear~~ nn~I PDP7~ (IIP agreemenls, sfipu~afions, conc~rfions anc~ 2 i-or~•n~u~fs sPt Jorl~i in s~~i.I f1A~P an~ ftiis morf~ape or oif{~er. ~n IhP FI~P-1~ I~P morfgagor jai~s to pay u~hen ~ du~ any tar, o..~•ssnu~nf. insuranrc pr~mium or of{~~r sum o~ ma-~~y ~ya6lp ~~y ~~irtue o~ sai~ nofe nn~ fhis morf~~age. or eil~i~~r. 1{ir murl~~aqr~~ may pay f~N sam~, tnil{~oul toainin~ or aj~ecfing 1{~e opfion fo ~orec~ose } or uny ol~~er ri~~~~t ~u~r~un~I~r, nn~I ~~~ suc~ puymenls sha~~ E~Par inlprPSf ~rom (~AIP f~erc~o~ uf Ihe hig{~esf ~au~~ (~i~ ral~• I~~ri~ a~~ou~c~l ~,~ 1~~~ ln~ns oj 1~~~ ,~'ifaf~ o~ ~'~oricln. i D~ nny snm o~ mon~v ~i~~r~in re•Ii'-rn~ fo ~-p not prompl~y pait~ u~ifhin thirty ~~ays next a~fe- 1~~~ snnu~ ~-~~r~~mi~c ~uc~. or i~ ~~oc~~ anr~ ~~~~ry IIi~ a~~reemrnts. sfipululions. conrlifiuns ane~ i•ooenanfs o~ sait~ -tof~ ~n~~ f~~is rnorlyo~~~•, or ~ifJu~r, ar~ not Ju~~y pFr~orme~~, comp~i~t~ u~ilti an~ a~~ic~Pt~ {~y, f{~en the enfirp sum menlion~d in said nol~~. on~l tl~is morfpage. or 11~ ~ entire balancp unpai~l therpon, shall ~orttitvitle or Il~pre+a~l~r, nl f~~r opfion o~ f~~P morfgn~~~. ~-r~ome an~ ~)P lIllP q/ItI payal,~~, anyfhing in sai~ note o~ herein fo 1~~~ t•onlr~rv noh~~it~~st«n~~in~~_ ~'ni~ur~ ~~y t~~~ morfna~~~ fo ~.r~rcis~ any o~ !~p rigtifs or opfions ~erein pro~~i~~~~~~ s~~a~~ nul i-onsfilufr a u•nir~r o( any ri~~~~ls or oplions un~~r sai~ nolr o- ftiis morfgage accruei~ or f~~~rna(I~•r m•rt~~in~~- ~n ~ditness ~hereof~ ~'IP SOI~ morf~~at~o- /!AS ~IPMUfl~!) SIQflP(1 (1/1~ SPOIP~ IIIPSP PlPSP/IIS ~1IP ~~ov nrul yrar ~i-sf a~-ot~~• u~riN~~n. Siqn~•~ . c}a~~~~~ cuu~ r~r~ir~r~~~ i~~ I~rc prr•x~~n~ ~• o~: , . _ ~ LAUREL BUILDERS INC. . . C~i: ~.-~ --- ~D~~ . . .... . .. . ... . . . . ~ . . ._. ~ ess / • ~ - ~ ~ ~~~ G, r,' • ~u~C~.1. ~~_ BY:~ ( ~ . 'S~' ' ¢~ .. - ~ - -- - . _- -- - - ~ -~ ~ witness P~'TER G. ROBINSON ~ ~ ~ ~ ~ ST:17'F. OF FLORID:1, ~ ; COl'\7'Y (1F INDIAN RIVER ~ j 1 NFREBY (:ERTIFY that on this Jay, be(ore me, an ~ u(fi~~r dulv authoriiPd in th~ Stat~ a(ur~said and io th~ County aforrsaid to takc acknowled¢mrnu, prnonally appeared I PETER G. ROBINSON, Prees dent, Laurel Builders, Inc. to in~• knonn to FN th~• p+•rson des~riFxd in and who ~aKUt~d th~ ~or~qoinq inutument and M1~10 ~cknowkdSed iNfon• ~n~ that he ~xccut~d tht sam~. ' ,/~ ~F'/ J 1~'ll \ESS tn~ hand and o((icial se~al in th~• Cuunty and Strt~• last afor~said this / day o( ~~ • :~. D. 19 O I . - .~~~r,c~a./.~}J. .~.-.. . ... ... . • . ...... .. .. .. .. , ~9~i~ F L: 2 3 ;~; ~ 2 ~ NOTARY PUBLIC ~: : : ~ ~. - + ~ ~j ; ~ ~ ~ t.,t~i •'.F•. `:~~i: ~ti f'~~~t'... ~ . , C, .. .. .,~ . . ~ 51'7b'79 %7ii1 /~u/n~i~rfill pa'pnn~l hy: I : ~ cfi~ir's1 ~ ~ ~ ..~ _ ~ . "~... ~ _.r.~ _ . ~ :~~ .,~-~ ~_ - ~j - `r : .,. .; . . .~ a s f s ~ My ComIDission Expires: .rhr..- .... , •~J~• •; ~ATi~- ~- tiEU :~ J ~' ~Y ~~~~ ~ 6.19g1 ~ .- ~ - ~ ~ coara ~ G~ . ~ t~' . ~., 8.,~3~9 ~~UE 186 ~ ~ -_ , ~ . ...~::~.