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und ~hall per~orm, carr~p~y wtt~ anc~ a6t~14~'~~ ~h nnd every t~e agreement:, atipu~attoria, condttioru and
conenants thereo~, and~ oJ~ this mortgape.~ the~1' this mortgnge and the estute 1?ere6y c~ted, aF~all cea~e, de- ;
te~mine and be null and i~oid. ~
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711LIa the mortga~or {~ew6y (urt{~er covenants and ogrees to pay prompt~y when d~ t~s principn~ and
inleresl and of?~er sums o~ money prouided ~or in said note and tl~ta morfgage, or etther, to pay all nnd
singular the ta.re~s, nssessmenls, levies, liaSilities, o6[igations. and encumbrancea of every nature on aaid pro-
perty; to permit. commit or suf(er no waste, impai?ment or ci~eteriorotion oj taid [and or ~~e improverreenis -
tf~erecn at any lime: to Fieep the buildings riow or f~erpa~t~r on xaid land (u~1y insured trt a:um of not leat ~
thnn ~,l ~
in o company or companies accpptable to the mortgagee, the policy or policies to be held 6y, and Paya6l~
to, satc~ morlgagee, an~ ir~ t{ee ei~ent eny sum o~ money 6ecomea ~xiyable 6y virfue o~ such inaurance fhe
mortgagee s1~nll heue t{~e right to receive and apply the same to the inde6tednees her~eby secured, nccountsng
to the morfga~or jor any surp~us: ta pay a~~ costs, charges, and expenaes, inc~uding Iawye~~s Jees and Hf~e
searc{?es, rensona6ly inc~irrec~ or paid 6y the mortgagee berause oj f{~e ~oi~ure o~ t~e morfgagor to prompt~y
and ~ully comp~y wit{? the agreemenfs, stipu~alions, conc~itions and couenanf~ o~ said note and tl~is mortguge. ~
or eit~er; lo perform, comp~y wit{i anc~ nbide 6y ench anc~ every tf?e ag~eemenf~, ~tipu[ations, condifions anQ :
covenants set JortF~ in said note and this mortgage or either. In the event the mortgagor (a~~ to pay when ~
c~up. any tax, assessmpnt, insur~nce premium or other sum o~ money payable by virtue oJ said note and this
mortgage, or eitf~er, t~e mortgagpe may pay f~e same, without +vaiving o~ aj~ecfing the option fo ~orec~ose
or any other ri~ht here~mder, anc~ a11 such payrreents sleall bear interest ~rom dale t1?ereof at the {~ighest ~atu-
/uI mte then al~otvec! by fhe 1au~s o/ the State o~ Florida.
1i any sum o( money herein re(errecl to be not prompl~y pai~ wifhin c~aya next a~ter
the same bpcomes due, or i j eacl~ and euPry the agreements. s?ipulations, cor~ditions and conenants of snid
note and t1~is ?nortgagp, or pither, are not /ully perforneed, complied u~ith ond a6ided 6y, then tlte entire
sum meniioned ire said hole, and this mortgage, or the entire bnlance unpaid thereon, sF~all ~orthwitl~ or
thereafter, at the oplion o~ the mortgagee, 6ecome and 6e due und pnya6le, anytl~ing in said note or ~erein
to Ihe conlrary notutilhslanc~ing. Fai~ure 6y ~he morlgagee to exercise nny of !~e rights or options ~erein
provided shall not CARSII~UIP a u~aivPr oJ any rig{~ts or options unc~er saic~ note or t~is mortgage accrued or
~I1E'~e(IJtP~ aCfl'U!?ia.
~n ~~~n~s ~hereof~ tl~e said mortgngor F~as here~into signec~ and sealed tF~ese presents tf~e
c~ay an~{ year ~irst n~ot~e u~ritten.
Signec~. sea~et~ ant~ tje~i~~pretl ' t{~e pr encx oj: ••'~l~"
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STATE OP FLORIDA, r
COUNTY ()F S'I'~ I,jjCIE i
I NEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to tak~ acknowledqments, peraonally appeared ~
,Iean Guterl, Vice President of Tropical Homes ~onstruction, Inc.,
to me known to b~ the person described in and who executed thr for~qoing instrument and acknowledged ~
beiore me that ~xecuted the same. "
~1'I1'NESS my hand and official seal in thc County and Stat~ last aforaaid thes ~ day of
JtxT~2 A. D. 19 86 ,
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NOTAeY ~UR~;C ST,4TE OF FLORiDI~ PUB~LtC i
jY1Y CC~I.': i55 U~: E'r P.cS t~GV 2i i986 t`'~7 L'a[t'it1SSIQ2 ~ll~$;
L@QNDED iN,ZU GENER:,L INSURAfJC.E U~'VQ
(seal)
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PREPARE~ PY -Joyce_A. McDermott~ ~9 Pj ;49~ . .
CHfL~E~+ TlTLr CO ~~P~."(Y .
2~`O~i PT. S: L,,~Ec E~1'~J c~~~Tr r p~Rr ST. F?: . ' r' ,
Ll.~!';F ~~~~;,~:~'.,},.~~+~~}i jr.;~T~~;~,~.~T'~~,,AS PRE• RO:~~F'
~'ARF ~'i ~r~~ ini ~ ST. Li~C.i~ _ ...~s
U I~ I'.r T~,,.. TO T~~ tit::,il~yG Jr A T1TLE `"G`
~rtiSUnAr~CE F~~i~~r.~ , .
TI~u Lr.crrumcnt prrpn~rd by: ~ • ' • .
Add,rss ~~G~iK J~~ ~:'.t";E ~~c)
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