HomeMy WebLinkAbout1710and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
rnvenanb ihsreof, and of this mortgage, then ihfs mortgage and the estate hereby created, shall cease. de-
termine and ba null and void.
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the mortgagor hereby further covenants and ogress to pay promptly when due tha principal and
intereat and other scans o/ money provided jar in said note and this mortgage, or either: to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every naturo on said pro-
perty: to permit. commit or suffer no waste. impairment or deterioration of said land or the improvements
the.on nt any time: to keep_ the buildings now or hereafter on said land fully insured in a sum of not less
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in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee. and to the event any sum of money becomes payable 6y 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 for 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 of 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 said 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, the 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 lnw-
jul rate then allowed 6y the laws of the State of Flortdn.
~l any sum of money herein rejened to be not promptly paid within thirty days next after
the same becomes due. or ij each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided 6y, ihen the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall f ortluvith or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary notwithstanding. Failure 6y 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
iherenf ter nt:cruing.
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in ~~LI{Gll ~IK`LVl the mortgagor has caused these presents to
6e executed in its name, and its corporate seal to 6s hereunto njf fixed, by its
proper officers thereunto duly authorized, the day and year first above written.
ATTEST:........ ...... ..... ........
Bever y A. ay~n ~ ~~s~+.~r
Signed, sealed and delivered in the sea oj:
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RAYSN_' S__TIBURON__ FIS~RIffi ~___INC..___
Leslie A. Rays Jr. Prc~
FILED AND RECORDED
~T. LUCIE ^ OUNTY, FL-~-
182355
:cq ;:}~ 20 AM ! ; : tR0
~tAte of ` FLORInA J
~` ST. LIICIE ~f1t3i:R e U;'iRe~S~
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i HER®Y CERTii=Y e1w1 on e1~is dr. 6r/oar mr. on oJ/i«. ddy tillMhoA~td bi~0ie ;~ and CaRulTlr w/m.,aid to Inter «~nowlydg.
~^~~• very named LESLIE A. RAYSN, JR. and BEVERLY A. RAYEN
aril Imoa/re w me to be the Pnaident ofd Secretary feapectiexfy of des oorpo.alion fwflerd as
aeo.lgopor in the loreQoirlg instrumrN. and that they seor,+ofly ocinwellledped a:M.uflg tIw swwe, ire des presenor o/ Iuw subscriflinp eoitneasr:.
(.eely and erofunfarify order aalho.ity duly oesled in Ihenl 6y said rnrparation and dwt the seal a//iced d~ereto is die True cwporote aed o/
said cn.po.oeion.
WiiNF.SS fay Nord and oJJiad .sal m the County and Stole fast aJorssod dais 28th day of August
A D.. fA69.
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OTARY PUB~rIC, Slate o Florida at
Large.
My commission expires: .Sl-~l-~'3
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BOOK 1"~9 PACE1•~<<7