HomeMy WebLinkAbout2526 oncl sltall perjo?m, romply wtrh o~d ob~de by and every ths agreen?ents, slipulatloru, conditior~s und
coaenan~s thereoj, und o/ tlets morlgoge, tf~en tbis mwteoge and ~ 1he eatats i~e?~6y c?Rated, shall cease. de-
~ermtne and be null and ~wid. ,
~ t~e rr~orlgagor {~r~nrby ~urtl~e~ covenonis nnd agrees lo pay promptly when due the p?incipul a~d
, interesf and ol{~c~r sums o~ money provided ~or in snia nole and f~is mortguge, o~ eit~er; lo pay u~~ wnd
singt~~ar I~e lares, assessmenla, ~euies, ~iabi~ities. objigalions, und encum6~nncea of every natwr on saic~ pro-'
pe?ty; to permtt, commit or su~~er no waste, impnirmen! o~ deferioration o` said land o~ the improvements
tl~ereon at any time: to Ir~PP the butldlRAS R01U O~ IIPfPa~ler on said land jul[y i~sured in a sum o~ not less
eh~ #ull insurable value
in a compuny o~ eompunies accepta6~e to !he mo?tgagee, the pojicy o~ po~icies to be he~ by, and payable
\ to, said morlgngee, nnd in ihe event any sum oj money beeomes ~yab~ by virtue o/ sucle inseuanee the
l mortgagee s~a~l have tl~e right to receive and a{?pIy the sm~te to ~lee +inde6tednesa here6y secw~ed, acc~ounting
to t~e morfgagor fo~ any sewp~e~s: fo pay al~ rnsts, c%arges, and pxpenses, inc~uding ~wyers fees nncl iil~e
aearc~eea, rc~cuona6ly inceim~ or paid by the mortgngee because of the ~ai~w~? oj 1{~e mortgagor fo promptly
! and JuIIy comply wit/~ !he agreemenis, stipu~ations, oonc~itions nn~ covenanfs o( saic~ ~ote and lhis niortgnge. ~
I o~ either; to pE??Jorm, ~o?»Ply ~zth n~d a6tde 6y eo~h and every tke agreements, stipuluttons, condilions nnd
. oovenants set Jortl~ in said note and tl~is mortgage or eit6e~. ln the event the mortgagor jaiG to pny when"
due anq lax, assessment, inaiunnce premium or otl~er sum oj money pnynble 6y virtue o) snid note and [his
mortgnge, o~ eilher. !{~e mo~tgagee may pap t~e snme, without waiving or a~jecting t~e option to loreclose
or any ot6er rifl~it he?eunder, and 4II suc1~ pnymenta shall bea~ interest /rom date thereo/ at t/~e highest 1am-
~uI mte tben aI[owed by the ~aws oj Ihe State o/ Florida.
any sum of money f~erein re(erred to be ~ot prompllq puicr wifhin thlY'tJr (3U) day: next aftdr
t1~e same 6eeomes due, or ij each and euery the agreeme.nts. stipula[ioru, c~ondittons and covenan~s of s~
.
note und tf~is mwtgage, or eilher, are not (u[Iy ~~jormed, aomp4ed with and ab~ded by, tleen tlee en~+e
sum mentioned in said note, and thu mortgage, or the entu+e bnlance ruipaid lheneon, slwll Jorth~~th~
tl~ere~a~te~; at fhe opttoa oj t1~e ~nortgage~e, beoome and 6e due and pa~nble, anything in snid note or'~
to t/ee continry notu~itlutanding. Fuilure 6y the mortgag~ !o exenciae any o) the rig~fs or options~ lroin
pnonidev~ s~o~~ aot c~onsfilute a waiuer o~ anq rig~ts or options under said note or !{~u mortgage ciccruec~ or
thenea~ter accruing. , ~
~n Ihe said mortgngor 6as her+eunlo signed and sealed tf~ese preaenls the
I day and year Jirst a6ove wrilfen.
Signed, sealed oRd dpl«~e.red in the presence oj:
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Cf~ - ~~^~v-------------- -
~ ~ ra . Nemec
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+ Phyl~ Neme
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STA7'E OF FLORIDA, ~
cocrrrr oF Indian River ~ ;
I HEREBY CER7'IFY that on this day, before me~ an
o(ficer.duly authorizcd in the Statc aforesaid and in the County a[orcuid to wk~ ackoowkdRments~ personally appeated
i FRANK K. NEMEC and PHYLLIS C. NEMEC, his wife,
~ to me known to b~ the personS described in and who executed the torcgoing instrument and ~1e3/ ul~nowledged
I before me that U'16y eaecuted the same. ~ ~
WI7'NESS my hand and ofrcial seal in thc County and Statc last aforcuid this Q dzy ~
~tember A. D. 19 66, (
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„ ' F ~'s FlLEO AND RECOR - - -
~ ~ . ' c~ary gu Iic, ~tate of~~~ ~oric~a~~at~Large.
v~ ST. t_U.:~E COUN . F ~
_ ~;~I+a, RtCORD VERIFIEp ~mmission expires: /~_/3 -/~6q
= U c t~'':: , ` __~~~~.,a~~~ ~ i
~ , ' ~ ~ NoEary Pubii~. Sfafe bf Fbrlda ~ ~3 ~
'66 OCT I 8~ 9; 30 My Commission Expires Oec. i3, i 9
~ ~ ponped by Transamerka Inwrance Co. 1
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' ~-492'~'2 E
~ CLERK CIRCUIT COURT t
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OFF(CIAL RECORD ?~9 ~ACE ~ '
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! BOOK ~5~ PAGE ~2 f
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