HomeMy WebLinkAbout2046 said land is .free and clear df all encumbrances.
PROVIDED AL~~AYS, that if said mortgagor shal.l pay unto
said mortga~ee the certain promissory note hereinafter copi~d or
identified or attached hereto, and shall perform, comply with and
abide by each and every the agreements, stipulations, conditions
and covenants thereof, and of this mortgage, th~n this mortgage
and the estate hereby created, shall cease, determine and be null
and void.
AND the mortgagor hereby Further covenan#s and agrees to
pay promptly when due the principaL andinterest and other sums of
money provided for in said note and this mortgage, or either; to
pay a11 and singular the taxes, assessments, levies, liabilities,
obligations and encumbrances of every nature on said property;
to commit or suffer no waste, impairrr~ent or deteri~ration of said
land or the irnpravements thereon at any time; to keep the buildings
no~v or hereafter on said land fu11y insured in a sum af not less
than Eleven Thousand Six Hundred Dollars and No Cents ($11,600.00)
in a company or companies acceptable to the martgagee, the golicy
or policies t~ be held by, 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 right to receive and apply
the same to the indebtedness hereby secured, accounting to the
mortgagor f or any surplus; to pay a11 costs, charges, and expenses
including lawyer's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor
to promptly and fully comply ~vith the agreements, stipula~tions,
canditions and covenants of said note and this mortgage, or
either; to perf orm, cornply with and abide by each and every the
agreements, stipulations, conditions and covenants set f orth in
said note and this mortgage or either. In the event the mortgagor
~ fails to pay when covenants set forth in said note and thi~
mortgage are due, any tax, assessment, insurance premium or
other sum of money payable by virtue of said note and this mortgage,
~r ~ither, the mortgagee may pay the same, without waiving or
affecting the option to foreclose or any other right hereunder,
and all such payments sha11 bear interest from date thereof at the
high~st lawful rate then allowed by the laws of the State ~f Florida.
- 2 " F (
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