HomeMy WebLinkAbout1269BORE JO FA~EI)~~~
and shall perform, rnrnply with cnd abtlLgbb, f+cl,~~~pr~li~~~, tits Jlggreemenfs, stipulations, conditions an,l
covenants Ihereo(, and of ibis ntortgage,~fhen ihi3 mortgage and the estate hereby created, shill cease, dl~-
termine and be null and void.
the mortgagor hereby further covenants and agrees to pay promptly when due the prtncipal cnd
interest and other sums of money provtded for in said note and this mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit, commit or suffer no waste, impairment or deterioration of said lend or the improvements
fhereon nt any time; to keep the buildings now or hereafter on snid land fully insured in a sum of not less
than (~10,000r00) TEPI THOUSAND DOLLARS---------------- ______
in a company or companies acceptable to the mortgagee, the policy or policies to be held hy, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the righ! to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; fo pay all ousts, charges, and expenses, including laeuyer~s fees and title
searches, reasonably incurred or paid by the mortgagee. because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and t{lis mortgage.
or either, to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. {n the event the mortgagor fails to pay urhen
due any tax, assessment, insurance premium or other sum of money payable by virtue of said rote and this
mortgage, or either, the mortgagee may pay the same, without uraiving or of forting the option io foreclose
or any elver right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful role then allow+ed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within THIRTY days next after
the some becomes due, or if each and every the agreements, stipulations, conditions and covenants of snid
note and .'his mortgage, or oil{ter, are not (ally performed. complied with and abided by, than the entire
sum mentioned in said note, and this mortgagf, or the entire balance unpaid thereon, shall forthwith or
thereof ter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
therenfter accruing.
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1CORPORATI. ~n ~~tness whereof the mortgagor bas caused these presents to
- - -' SEAL) he executed in ifs name, and ifs corporate seal to be heretento affixed, by its
' ~ `. -
' proper officers lhereunlo duly authorized, the day and year first above written.
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. ~ A'iTFST :.. ................. ....... .......... .._... _.KEITH- INVESTMEN.TS.,....INC - - - -.........
~~ ~•f celery -
$' d, sea ell! and dPllVered Irl t{lP preSenfR Of ~ ' /
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.-.- .. ... ..4. .. ... ........ _A ........................... t~rrsidrn,
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Mate Of FLOf? IDA
>~oUnty of DARE
t ttl:IiFnv el:Irr-rY Thal on this stay, before me, an officer duty aulhoriud in the Stale ssrsd County afores~~d fo la(~e aciusowtedg-
rnenlf. prrsonetty a;speared CAL KGVENS, PRESIDENT, AND JENNIE D. JOHNSON AS
ASST SEC£.ETARY OF KITH INVESTMENTS, y.INC e
u•eli trnou•n fo me to tsr fhr t~rrsidenl and Ast3t Sere b~~ rr,tarcfis•ety of I~r corporation named a,
malgugar in the fo: egoing inslnsmenl, and that Ihry se re roily actenou,(edged e.trculing the same, in the presence of lino psis son (ring urilnn srs.
freely and .ohrNarity under authority duty rested in Ihem by sold corrsssralion and Ihal the seat offixrd Iherrfo is the fnr corpora~te~xa(~of~
said carporotissn. LyC\`-~~~~"' r"~+^
WfI'rtil:$S my hand and o(firini seal in the County and Jlnfe last afwrsaid this ~~ day of '~Ii(y`"J
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FILED AND RECORDED ~ ~ .
IS6l NOV 27 PM 5: ~0 La.r>;e - - - ~~.
- frly Conunission pire.s.;-' .,_3^) X63
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ROGER PQITRASr CIERK . ,- ~' ~ -
31. IUCIE GOUN1'f r FLDRIDA~i _ : ' : ,_