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HomeMy WebLinkAbout1180and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and be nttll and void. the mortgagor hereby /tether covenants and agrees !o pay promptly when due the principal and interest and other sums of money provided jar iri aatd note and this mortgage, or either: to pay all and singular the taxes. assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty; to permit. commit or suffer no waste. impairment or delsriorotion of said land or the improvements thereon al any time; to keep the buildings now or hereafter on said land fully insured in a sum of not Less than----------------MAXIMi~+I INSURABLE VALUE------------------------- in acompany or companies acceptable to the mortgagee, the policy or policies to 6e held by, and payable to, aaid mortgagee. and in the event any sum of money becomes payable by virtue of ouch instuance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured. accounting to the mortgagor jar any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title searches. reasonably incurred or paid by the mortgagee because of the jailors of the mortgagor to promptly and jolly comply with the agreements, stipulations, conditions and covenants o/ said note and this mortgage. or either; to perform, comply with and abide 6y each and every the agreements. stipulations. conditions and covenants set ~ forth in satd note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, Ihg mortgagee may pay the same, without waiving or affecting 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 by the laws of the State of Florida. ~` any sum of money herein referred to be not promptly paid within Thirty days next after the same becomes due, or ij each and every the agreements. stipulations. conditions and covenanta of said note and this mortgage, or either, are not fully perforated, complied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, 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 thereafter accruing. i`,~ ` ~n ~t~~SS thereof, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. Signed, sealed and d iuered in t presence oj: G ---------- Claude H. Combs STATE OF FLORIDA, covNTY of Ste. LUCIE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared CLAUDE H . CONIDS to me known to be the person described in and who executed the foregoing instrument and he acknowledged before me that he executed the same. .~. WITNESS my hand and official seal in the County and State last aforeuid this ~~ day of August A. D. f9 1969. FILEp ANp REC~YpF ~ . 5T, tucl ~ ~ovNlF~~p t~F CO G /y~ p 3:25 ,69 au~ 1S1g~3 ~O~kR PO~~ CO R? CLCRK CiRCUI'T aaox ~.~~ ~~~ ~~ ~'. G Hattry Pe!~'ic Stir of r c~::ra zt Lar~~/q/72 ply c~:,:.-_~„ ~:-~;~~ :,~_.,;, ~, Ian 6on:t::Y :.ce~..aa iJa a :Q'.Y++, ~4. _._ J~• -• . t ~~ -. ,,, ., ~. ~. ; Y• -- ~. ~ ` •i . .= ~~. _ •~ .•C .