HomeMy WebLinkAbout0071 an~ shal~ per~orm, comp~y wit~~ a?i~{ aE~i~-~e ~y eac~i anc~ every i{se npr~eriienis, siipulniions, co?ic~ifio?~s ~n~l
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covenanfs il~ereoJ. (lfltl O~ ~ltlS RIO~t,qCiflC, I~1QIi llll9 ?!IUlt{/Q~@ Uilli i~~C i•~tuid i~r~a~~;j% ii'i•ii3i~ia, S~si... C:':25~, ~
termine and be nul~ and void.
~n~ tf~e mortpapor her~~y ~urthor covenants nnd agrees to pay promptly u?hen due t~ia pr+ncipal anc~
interest aric~ olher stims aj money provided ~or tii saic~ note anc~ tf~is mortpn~Q. or either; to pay al~ and #
sin~ular the la.res, assessm~nls, levies, liabililies, obligations, and encum6rances oJ euety nature on saic~ pro- ~
perty; to permil, commit or su`~er no wasto, impuirme?~it or c~eterioration oJ snic~ ~anc~ or tE~e improvemenis
tl~ereon nt any time; to Reep ihe buildings nou? or Fierea(ter on said Innd l«lly insured in n sum of not ~ess
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in a company or compnnies ncc~Utahle to ihe. morfflaflee, t{~e pol«y or po~icies to ~~e fie~c~ hy, and payab~e
fo, sai~ morfgaflee, anc~ in the event any sum o~ money 6ec.omes Paya6l~ ~~y uirtue o~ such insurance i~e
mor[fla~ecs shull l~ave the riflht to receive and apply !he sa~he to the iridebtedreess h~~re6y sec.ured, accouniing
to the mort~aflor ~or any surplus; to pay al~ cosfs, cliar~es, ancl expenses, inc~uc~inf~ ~awyer~s (ees a?ic~ lille
senrc{ies, rensonnbly incurrecl or ~a~d by ih~ mortfla~ee E~ecause of fhe (aijure of the mortpagor !o promplly
and J~?lly c~mply wilh !he aflreements, slipulntions, conditions and couenants o~ said note and this mort~age,
or eit{~er; !o perJorm, eompjy with ^nc~ n~~icle {~y eaeh anc~ euery fhe aflreements, stipulations, conc~itions nnc~
covenants set )orth in said note and tliis mortc~age or eilfier. Iri ~he eue?it the morl~ac~cr ~ails to pay when
clue nny tax, assessment, insurance premium or otJier sum oj money paya~~e by uirtue o( sait~ nofe anc~ t~is
mort{~a~c+, or eitE~er, the mort~ac~ee muy pay the same, wit~iout waie~infl or aJfecting ihe option to ~oreclose
or nny other right {iereunc~er, ancl suc~i paymenfs s{iall bear interest (rom c~ate t~iereo( ut the Iiiflhest law-
~uI rate lhen a~~o«~ed by ~lie ~aws of tl~e State oJ Flori~In.
any st~m oj •noney /ierein re~errec~ lo be not pro:nptly paid wit{?in ~--d~~rtY c~ays next ajter ~
tEie same becomes c~ue, or if each nnc~ euery i{ie. a{~reements, stipujaiions, conc~itions ancl covenants o~ saic~ ~
note and t{?is mortflage, or either, are not jully performed, complied with and a6ided by, then the eniire
sum mentioned ir? said note, an:~ !his mortc~age, or tf~e entire 6alance iinpaid thereon, Shall Jorthwith or
ihereaf ter, at the o~~lion oj the mortgaflee, 6ecome and 6e due and payable, anylhing in said note or herein
to the conlrary notwithstanclinq. Failure 6y the mortc~ac~ee to exercise any of the rinhls or options lierein
prouiclec~ S?~ali not consiitute a wniver o~ any ti~~its or options uruler saicl nole or t~iis morlc~afle accruec~ or ~
thereaf ter nccruinc~. ~
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' ~n ~~tness ~hereo~ t{ie mortgaflor has caused these presenls to ~
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i $F_' ~ 6 executed in its name, and its corporate seal to be hereunto a~~ixed, by its
~ rop r o11icers ihereunlo c~uly aut~iorized, tlie day and year ~irst above writlen. ~
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ATTE LG - Lf --y1~1---.---------- GOKHAM CONSTRUCTION CONiPANY._...------- ~
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Si ec~, seale anc~ c~eliverec~ in tfie preserice of : ~ ~
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; ~ ._._./.!l_•-• ~f't...tt-•---- Presic~ent
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.~t1te 0~ FLORIDA ~
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~OUn~ Of ST. LUCIE. 'f
1 HEFtEBY CERT/I-Y thnt on 16is day. 6~(ore me, m officer du~y authorizecl in the Sfate and Counly n)orewid lo tnke nc~nowledg- i
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menla. personally orr~~e~ V. R. Gorham, Sr. and Jack Gorham ~
u~ell F~noum to me to 6e !he Presi~len! mc~ Seeretary respeclire~y of Ihe corporulion nomvd as
mortgagor in !he ~oregang insUumenl, and 16a! Ihey set~era~~y ac~now~edqed execuling Itie same, in i~e pre_•ence of lu~o su6stri~ing utilnesses.
(reely and e~olunlnrily under aulE~wily c1u~y eesled in Il~em 6y said co~porolion and Iha! t6e senl o~fixed thereto is 16e tnie corporate seal u~
said corporation.
W~NI:SS my 6nnd and of
ficial seal in 1I~e Counfy and Slafe ~ast aforesaid 16is `Z9tt] ~{°Y Deeember
a. D. ~9 6~r ~
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F!!_ED ;-~t~~J ~'ECORD~p ~ ~
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. Q~iC18I ~ N~tary Public, State o,~~~~~it~~~,,at ~
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Large Nota P~Sr~, st ~ • ,
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~ ~ ' . ;'1 My Commission Exp;res .A~~jS~~~~7 8n ~
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