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a~d shall perJo?m. comply u~itl~ and a6ide by ea~•1~ and eve?y Ih• ag~eementi, slipulalion~, rnndittons and
covpnanis Itie~eof, nn~ o~ t~is murlgage, I~en f~tt morfgage an~ Itie esfafe hPre6y c?eafe~, shn~~ cease, de-
trrmirte and 6s null und voi~l.
Ti11~ the nlortga9o~ I~ere6y Ju~l{~er covenanla and agrees to pny prompfly when clus ths p?incipal and
( inte~est and olhe~ sums o~ monpy provided ~or in said note nnd thta morlgage, or eilf~er; to pay all and
singular ~he ta.res, assessmenls, le~=i~s, lia6ililies, oGligations, and encum6rances o~ every nalure on sai~I pro-
perty; fo permit, commif or suf(er no u~asfe, impairmenf ar c~eleriomfion o~ sa~d t~nd or ttie improvemenls
thereon af any time; to keep Ihe 6uildinys now or I~ereoJier on said land /ully insured in a sum o~ not less
than N/A
in a compnny or companips aCCP/)Ia6IP fo the mortgagee, the po~icy or po~icies lo tie he~t~ tiy, and pnya6le
fo, sai~ morfgaQee, anc~ in f~~~ ev~nf any sum o~ money ~~ec•omes payati~e ~y vi?tue o~ such i~su?ance the
mortgagee s{~all hai~e the ri~ht fo IPCPlI~B and apply flie same to Itie inde6tetlness here6y securetl, accounting
to the morfgagor for any surp~us: fo pay a(~ cosls, charges, nnd expenses, inc~uaing ~awyer~s ~ees and fil~e
searc•hes, reasonn6ly incurre~ or paid 6y fl~e mortga~ee because o( the )ailure o~ the morfgagor to promptly
an~ (u~~y comp~y u~it{~ the agrp~menls, slipu~alions, con~ifions ancr couenanfs o~ saicr nofe anc~ t~is morfgnge,
or eit~~er; fo perform, comply u~ifh and n6~de 6y pa~•h nnc~ ei~ery the agreements, stipu~atiorts, conditions and
covenanfs sel (orth in saic~ nofe and t~iis morfgage or eit~e~. In the pi~enf tl~e morfgagor ~ai~s to pay when
~ue any Inx, assessment, i~surance premium or of~er sum o~ money paya~~e hy i~irfue o~ saic~ note and f~is
mortqagP, or either. !he morlgage~ may pay ff~e same, wifhou! waiuing or af~ecting the option to ~orec~ose
or any ofl~e? riqhf hereunder, a?ed all sucli payments shall f~ear interesl ~rom date tl~ereo/ ai 1{~e highest Iaw-
jul rate tlien nlloioecl by lli~ lau~s o( tl~e Slate o~ Floricla.
( i~ any sum o~ monPy {~erein re'@lip~ IO he not pro:npf~y paid u~ithin thirty c~ays nexf-nfter
the same 6ecomes diiP, or iJ ~acl~ and every i~e agreemenls, stipulations, co?idilions and couennnts o~ snitj
?iote and tF~is morlgagP, or either, are nof f ul~y per/ormec~, complied with and a6~ded 6y. , then Ihe entire
sum mentioned in said nofe, and t{~is morf{~n~e, or tl~e entire 6a~nnce unpaic~ ~hereon, shall (ortluuifl? or
therea/ter, al the option o( f1~e mortya~~ee, become and 6e due and paya6le, anyfhing in said nofe or herein
to 1he conlrary notu~it{~standing. Failure by ihe morlgagee to exercise any o~ 11?e rig/~ts or options l~erein
provi~e~ s~ia~~ nof consfifule a waiver o~ any righls o? options uncler saic~ note or this mortgage accrued or ~
therea~ter ~ccruiny.
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j ~cc~?rroa:~r~: ~n ~'d~tness ~~~e~l !{~e morlga~or ~~as caused these presenfs to ~
~I ~1-A~.1 ~?i~ ~x~cufec~ in ils nnme, anc~ ifs corpornle sea( to ~e hereunto a~~ixed, by i!s ~
, proper o~~ic~rs f{i~reunlo c~u~y nuf~iorizetl, 1{i~ tlay nncl year ~irst above written_ ~
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~ ; :~TTF~T:..___...__.. L.Al1REL.BUILDERS.,~_INC.. -
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Si d. 5~al~d ~l~lin~md in 1{~r i~r~•s~n~~ o/: 7 '
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{i - - - . . . . . . _ . . /'~[t'- Presic~nt
P tnes ' , PETER G. ROBINSON ~ `
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~ witness
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~ ` ~L~ite Of FLORIDA ' ~ ~ ~
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~ ~ounty of INDIAN RIVER
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= 1 HFItF:6)' Ci:RTIFY d~at on ~Li. day. Er~or~ m.~. un u~~~c~r du~y aut~wrired in Ilv Jlute nru~ C~oudy n~orewid to laln oclvaou~edq-
marde. ~rerxirm~~y n~~~wurr~~
~ i~ ,PETER G. ROBINSON
pp ur~~ ~,nnu~n to mr t,. f.r I~u V~y~ F'rr.u~vnl ani~ rtsptdu~r~r oj tht cor{rdalion nanvd as
' ~ murlqugo~ irt I~r ~~NrgrNng in~ln~mrn~. un:I 1{~~I 1{~r~ wrrru~~y a~-~unowlr~lyv~ ~~rcubng ltie sam[, in 1~~ prvxnct o~ fuo au63rnding tuilnrsxs.
t (re.l~ r~nd rulun~anly um1Pr uud~wdv ~lul~ r~.~~.1 in ~L.m 6y sw.1 toipora~ion and Itiat tl~e sea~ o~~ii~ ll~~nlo is 11it Inu cwporate xa~ o(
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t saii~ ~w/~ixfion ~
wrr~~:~~ rrry I~an~~ an,~ o~(~r~o~ sru~ in 1{~r (~winty an~ Ctate ~asl u~orrsaid Iti~• /q Jay o~ (~~l~
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` , ~r~~' I~[~ARY PUBLIC
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~ ! li~s /irs~nanrn~ prcpnrfr! ly: ~ota~1? ru01b ~t d Fbrid~ ~t larps
~I .•1,~,/.~_~s 1~fi?cammM~la,E~pin.Jw,.te,1~8, _ :
; 8~r`?K 35~ ~~~GE ~.36
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