HomeMy WebLinkAbout0941 ond sRall pe?jorn~, comply u~ill~ o~d a6ide 6r pa~h onc~ eve~y !he ag?eements, afipulafIo~s, conditto~~ and
covenanls Il~~e?eof, a~d o) Ihis mortga~e, Ihen this mort~age a?id the esfate here6y crenle~l, sl~ull cease. de-
lermine and be null and void.
~ t1~e morlpagor here6y Jurfher covenants and agrees to pay promptly when due t~e prtncipa~ anc~
interest und other sums oj money provided /o~ in said nole nnd this mortguee, o~ eithe~: to pay a1I n~i~
, singula? the ta.res, assessments, lei~ies. Iia6ililies, o6ligalions, and encum6rancRS o~ every nalure on sai~I pro-
perly: to permif, commif or su~Jer no u~aste, impairmen! or detesiorolion o~ said lund or !he improvemenfs
thereon at any lime: to ~ePp Il~e buil~ii~gs now or hereaf ter on said la~d /ully insurpd in a sum of not less
fhan I~}/A
in n company or companies accepfa~~e fo !he morfgngee, t~e po~icy or po~i~ies fo 6e I~eld by, and paya6le ;
fo, sai~ mortgage~, ant~ in ehe ei~ent any sum o~ mo~ey ~~ecomes payah~e E~y ui~lue oJ sucti insurance f{~e
mortgngee shall have Ihe ~i~ht to •eceive and apply the same to ll~e inde6ted~ess here6y secured, accounting
to the mortgngor /or any surpliu; to poy a~~ costs, charf~es, and expenses, inc~uding ~omyer's fees ant~ tit~e
searches, reasona6ly incurrec~ or ~~d 6y ~hp morfgaflee because of !he Jai~ure o~ fhe morlgagor to prompf~y
artcr Ju~~y comp~y u~ifti the agre~ments, stipu~alinns, conc~ifions ancr cove?ianfs o~ sni~ note and ltiis morlgage.
or eif~er-; fo perform, comp~y u~ith and a6ide 6y eac/~ aric~ euPry l~~e agreemenfs, sfipu~ations, condilions ane~
COl~P71q/lIS sef ~ortti in sai~ note and if~is morfgage or eittier. ~n 1{~e'ei~ent ihe mortgagor Jai~s to pay when
I due any tax, assessment, insurance premium or o1F~er sum oJ mo?iey paya6le 6y virtue of said note nnd t{~is
morfgac~~, or eifher. Ihe morfgage~ may pay ihe same, wilhoul waiving or al(ecting the opfion to ~orec~ose
' or nny other riq{~t l~ereun~ler, and nll such paymenls shall 6ear inlerest /rom date tF~ereo/ af t~e 6ighesf law-
~ul rafe tl~en allou~ed by the lau~s o~ IIiP State o~ Florida. •
` ~L any sum o( money ~ierein re%rre~ fo de not pru:n~ily Pa~d u~i!{~in thirty days ~next aJter
~ t{~e same 6ecomes due, or i~ eac~ and ei~e?y t{~e agr~ements, stipulations, con~itions and couennnls o~ saitl
~ note anc~ fl~is morfgage, or eitF~er, arp not fully per/ormed, complied wifh and a6~ded 6y. lhen tl~e entire
i sum mentioned in snid note, and tl~is mort~a~e, or the entire 6alance unpaid thereon, sl~a~~ ~orlluuitF~ or
~ ftierea(fer, af t{~e opfion o~ t~~e morlgagee. ~ecome anc~ be due ancl paya6le, anyf~ing in said nofe or herein
to !he contrnry nolu~il{~stanc~ing. f'ai~ure ~y the mortgagee to exercise any o~ t~e righfs or opfions herein
pro~~i~Ied s~~all nof c-onstitufe a waii~er o( any righls or oplions unc~er snic~ note or this morlgage accrue~ or
Iherea~ter accruiny. !
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~n ~~tness ~dhereof f{~e morl ac or as cnused fhese presents to ;
I ~c~rzroa,-~-rr: U ~ h ~
'I ;1 ~I.:V-) exec-utec~ in ils name, anc~ its curporafe sea~ to he hereunfo a~~ixed, 6y its '
' t; prop~r oJficers fl~ereunfo t~u~~: aul~~orized, f~~P c~ay ant~ year ~irs! a6oue writfen.
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' :~1TE~T:....._....._ LAUREL BUILDERS, INC. ~
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- - PETER G. ROBINSON
wxtness ' L ~P rcsi n1
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~ Witness • . 1981 _4 :I~ 03
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~ ~ ~tate Ol FLORIDA , ~ ` -
~ ~un~ 0` INDIAN RIVER 1 S~'734
~ ' 1 HF.IlEBY CF.RTIFY d,u~ on d~i. Juy. I,rf~x~ m.~. un u~J~cer d~dy authw~zrd in 11~ S~atr arul Counly oJonwid lo eafee oc?v~owledg-
~
~ menfs. prrwna~~y ap~wur~v~
~ PETER G. ROBINSON
~ , u•ell ~rnou~n fo mr t~i ~ Itip V/C~t ~'.rvJrnl un.~ , • r~spetlii~e~ tke
¢ r ol ro.~.o~~«~ .b,.wd a,
~ malgayrzr in I~v ~otrg~ting ineU~.m~~nL un~~ I~ul 1{~r~ srrrra~~~' ai~~rnuu~e~~gP~ varcufinq Itie aame, in 1~~ prrxnce o~ luv subxnbing wlntsses.
€ ~ree~v on.~ iv~uofan~y un.~rr aut~~wJv ilu~~~ rr.frJ m I~~em ~y sni.~ ~wyoruliua md t~iat 1{~t sea~ a~~t~ed 1~unlo is ttie Irue corporale xu~ o~
~ ,ad ~.,.~,o.a~a~.
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{ fj ~~~~.~f:~~ my ~wn~~ am~ u~~~~ta~ wu~ m Itit rounfy ond Sfate ~as! a~orvwid Itiis / .~ay o~ S
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~ = NdTARY PIJBLIC #
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My Co~ission Expires:
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I ~ . MTRICIA L
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354 P~~E 94p '
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