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HomeMy WebLinkAbout0984and shall perform. rnmply with and nbid~ 6y each and every the agreements. sttpulntioni. conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and be null and void. the mortgagor henrby further covenants and agrees to pay promptly when dw the prirtcipal and intereal and other sums of money provided for in said note -and this mortgage. or Nfher; to pay aU and stnguln- the taxes, assessments. levies, liabilities, obligations, and encumbronces of every nature on said pro- perty; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvement, thereon a! any time; to keep the buildings now or hereafter on said Land fully insured in a sum• of not less than the maximum insurable value thereof --------------------------- in acompany or companies acceptable to the mortgagee. the policy or polities to be held by, and payable to, sold mortgagee. and in the event any sum of money becomes payable by virtue of such insurance the mortgages shall have the right to receive and apply the same to the indebtedness hereby securod, accounting to the mortgagor for any surplus; to pay all costs. charges, anti expenses, including lawyer's fees end tteb searches, reasonably incurred or paid 6y the mortgagee because of the jailuro of the mortgagor to promptly and jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage. or either: to perform, comply with and abide by each and every the agreements. stipulations, conditions and covenants set /Drib in said note and this mortgage or either, In the event the mortgagor jatb to pay when due any tax, wsessment, insurance premium or other sum of money payable 6y virtue of said note and this mortgage. or either. the mortgagee may pay the same, without waiving or of jetting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- f ul rate then allowed 6y the laws of the State of Florida. ~` any sum of money herein referred to be not promptly paid within ninety dal-s next after ,.,~ ~_ ~.) •., :~ the same becomes due, or if each and every the agreements. stipulations. conditions and covenants of said note and this mortgage, or either, are no! jolly performed, complied with and abided by, then the entira sum mentioned in said note. and this mortgage, or the entire balance unpaid thert3on, shall forthwith a thereafter, at the option of the mortgagee, 6eeonte and 6e 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 rnnstitttte a waiver of any rights or options under said note or this mortgage staved or thereafter accruing. ~n ~~tntSS whereof, the said mortgagor has hereunto signed and sealed these prosents the day and year first above written. Signed, sealed and delivered in the p~resen)ce oj: George Saleeb r. Mae Saleeby STATE OF FLORIDA, courlTY of ST . LUCI $ I HEREBY CERTIFY that on this day. before me, sn officer duly authorized in the State aforeuid and in the County aforesaid to take acknowledgments, persoaaliy appeared George Saleeby, Jr. and Mae Saleeby, his wife, to me known to be the perso~S described in and who executed the foregoing instrument sad they ackaowkdged before me that theye:ecuted the same. WITNESS my hand and official xal in the County and State bet aforesaid this ~~ - day of August A. D. 19 (9. FILED AND RECORDED • ST, IUCIE COUNTY. FLA. ......• ~C~ ~'; . .. ., .,, ; '' ~ . ~ 1~1~4_ 53 10 `G • ., = L, "` • G ~~ ~/ ` , ~ p~ ~` it0 R ?OITRAS `~ ,, a i~' CLERK CIRCUIT COURT 17i-s hulruurctN prpnrrd by: Addrt~ss NOTARY LIC, State of l~~brida at Large. My commission expires: ~-7- o BOOK1 `V ~cE y83