HomeMy WebLinkAbout2625 and shall pe~~orm, romp~y wlfh a.~d a6ide 6y ~h and eaery fhs agnements. stlpu~afioris. c~onditloru and
rnnenanfs thereoJ, and of lhts mo~tgage, the~ Il~ii moHgnge and ths estate hero6y c?entec~, shall ceos~, d~-
te?mine a~d 6e null and ~wid. •
~ tl~p morfgaflo? hereby f
urther c~uuenants ~d oA~ io ~xiy ~~pely wkQn du. ih. ~rn~i~l a.~d
inferesl and olher suma o~ money prov~ded lo? ln said note a~d fl~lt morfgage, or etther; to poy aU and
singu~ar ll~e ta.res, assessmenls, levtes, Iiabilltiea. ob~igaliona. and encumbr+anc~ss o( every nuture on saic~ pro-
pe?iy; to pennil. commif or suf~er no waste. impa~rment or deterio?aflon oj aatd la~d or fhe improuen~enb
fher+ecn at any fime; to k~p ehp bui~ings now or tierea~ter on said Iand jully inaiwec~ in a sum o~ nof ~esa
thon highsst insuratils value
in a c~ompany or companies ncrepfable to f~e mortgagee, ihe po~icp o~ po~tcies !0 6e l~eld 6y, and payabje
to. said morlgagee. anc~ in f~e evenf anp sum ol money beeomes ~ya6l~ 6y vtrtue b~ such tnsurance t~t
n~ortgagpe al~all 1?ave the right to recelvE? nnd ~Ply ~~.:~e eo ike ~de6esdne~, l~e~by :~~„gd, aceounting
fo the morfgago~ ~o~ any surp~iu: to pay a~~ eosfs. c~arges, and experues. inc~u~/ing ~awper's ~ees anc~ tif~e
searrhes, reasona6ly incurre~ or ~td 6y ~ha mortgngee because oj t~e (ai~ure ol t1~e mortgagor to pron~pf~r
and ~ully comply wilh the agreements, stipulafions, c~ondittohs and c~ove~anfs of said note and t~it ~no?tgnge.
or eilher; to per(orm, eomply with and nbide by each and every the agreements. stipulo~tona, conditions and
covenanfs set jorfl~ in said note ~d eh~ mortgage or either. ln the enent the mortgagor jails to pay tuhen
cjue any tax, assessmenf, tn~urance premium or of~er sum o~ money pnra6le 6y virfue oJ said note and tl~is
ntortgage, or eit~er. !he mortgagee may pny I~e same, without waiving or a(~ecting t~e option fo ~orec~ose
or any otl~er right hereunder, and all sucli payments ahall bea~ ~nterest jrom dnte tltenwf at t1~e highest law-
(u~ rate t/~en allow~! 6y f~e ~aws o~ t~e $tatR ol F~ortc~a.
7l any sum o) money herein re(en~et~ to be aot prompt~y puid within 30 dnys nexf njter
the same 6ernmes due, or iJ each and euery the agreements, stipulations. conditioru and couQnanb o/ sai~1
note anc~ f~is mortgage, or eifher, a?e not (ally ~~Jormecr, eompjied wit~ and a6tded by. t~en !he enti~+e
sum mentioned in said note, and eh~ mortgage, or tl~ e e~tir~e 6alnnce unpaid thereon, skaU Jorti~wttl~ or
fherea~ler, ot the. option oJ the moNgagee. 6ecome and be due and pnyn6le, nnything in aaid note or I~erein
to the cont?ary notwittisfanding. Fai~ure 6y the mortgagee fo exercise any of the rig~ta or optfons ~erein
provided s~u~~ not constitufe a u~aiver oj any rig~fs or opfions under said note or this ~nortgage accrued or
t~erea(ter nccruing.
~n ~itness ~hereof~ the said mortgagor has hereunto signecl and senled lkese presents the
day and year f
irst nbore u+ritfen.
Sig , sea~ nnd deli~~erec~ in t1~e presence o(:
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' Ge~aut A. Pyles
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STATE OF FWRIDA~ ~
COUNTY OF 9T. LOCIB I HEREBY CERTIFY that oa this dar, be(ore me, aa
officer duly authoriud in the State aforesaid and in the County a(oresaid to takr acknowkdsmena~ penonaltr appeared
JAI+~'S l~. PYLBS and GEIaRAOr 7~. PYI~S, his Mife,
to m~ known to b~ the prrson8 dctc~ibed in and who executed t6t (oreaoinR instrument and tZIBy acknowkdsed
before me that t~y e:ecuted the same.
W17'NESS my hand and o(ficial ~eal in the Counry and St~t~ last a(otesaid this 17t21 dar o(
July D. ~9 69
aNO RECOROF~p
FH.ED ~
LUC~E COUN?Y. i
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ST•r~..COZ.~ V~Rlf E tary Public
L~x~~ My cao¦Qisaion expires: L~~ l% 7
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!hu I,wru.ncnt p~rpa.rd by: GERALD S. 1AMES
Attorney at Law d00K ~78 PJICE~V~
Add~rxr 106 South 2nd Street
Fort Piertx, Ftorids
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