HomeMy WebLinkAbout2748 and shall perjorm, comply with and a6ide 6y eacl~ and e~~ery the agreemei~ts, :tipulattons, rnndilions and
coi~enants thereo/. and o~ this mortgnge, tl~en this mortgage und t?~e e~tate here6y created, ahall cease, de-
termine and be null nnd ~roid.
T111i1 t~e mortgago~ hen~by jwlher covenonfa and agrees to pay proMptly when due the princtpal and
interest and ofhe~ sums o~ money p?+oulded ~or in suid note and fhis mortgage. or etther fo pay a~~ and
singu~ar the toxes, assessments, levtes, liabi~ilies, ob~igations, nncl encumbt+artcet oj euery nnture on said pro-
perty: to permit, commit o~ suf~er no wasfe. impairmenf o~ defe?~orntion o~ aaid land or ihe improvemenb ~
tl~ereon nt any lime; !o keep f1~e bui~Clings now or hereajter on ~aid land f u~~y tnsun~ in a sum ol not less
~ha~ full insurable value
in a eompany or companies ac~cepta6~e to the m~rtgagee, Ihe policp or policies to 6e held 6y, and paynble
to, said moAgagee, and in t~e event a~y sum o~ money becomes ~yn6[~ 6y virfue of such insu.~ance t~a
mortgagee shall have the right to receive and npply the aame to tke inde6tedness hereby secured, ac~eountir~g
to the mortga~or ~o~ any surp~us: to pny all costa, charges, and experwea, inc~uding ~awyer
a reea and tttle
searcl~es, reasona6ly inciured or paid 6y the mortgagee because o` the f
ailure o~ the nw?tgagor to promptly
and Jully comply with the ngreements, stipulasiona, condittons and covenants oj said note and this mortgoge.
or eilher; to pe~form, comply with nnd a6ide 6y each and every the agreementa. aflpulations, eonclitions and ~
co~enants set fo~fh in aaid note and f/~is mortgage o~ eithe~. In the event t~e mortgagor f~tls eo ~xiy ~„hen
dus any tax, asaessment, insuranoe premium or ot~er swn a/ money paya6le bq ~irtue of snid note arul thia
mortgage, or either, the mortgagee may pay t1~e same, witl~out maiving or a~~ecting t1~e opfion to joreclose
or nny other right l~ereunder, and all suck pnyments ~hall 6ear tnterest jront date thereo/ at the l~ighest lnw-
(ul rate 11~en aUowecl bv ~I~e luws oJ the State oj FloRda.
~l any sum oJ money herein re%~ to be not pro~rtpf~y pa~ within t~lli'n/ daya next af
ter
the same 6c~comes due, or i~ eacl~ and every the agreements, stipulations, conditions and covennnta of said
note and this mortgage, or eifhe~, are ~ot jully perJormed, complied with and ab~dgd by, then 1he entirce
sum meRtioned in said note, and t1~is mor~gnge, or the entire 6elance unpaid tl~ereon, sl~aU fofthwith or
t~erea~ter, at t/~e option o~ the mortgagee, 6ec~ome aRd be dus and paya6le. anyt~ing in said note or here~
to the cont?+ary notu~it?~,standing. Failure 6y the mortgugee to exe~+cise any oj the rights or options F~erein
prouided s~ial~ not constifute n waiuer of nny rights or options unde~ sa~d note or t~~.s mortgage accruee~ or
t~ereaf ter accruing.
~n ~~~Il~ ~~~1~ the said morfgagor has hereunto aigned nnd sealed these presents the
day and year ~irst a6oue u~ritten.
S' ed, sea and deGuere in pres ce o~•
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Lola E. PiPP~~~
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STATE OF FLORIDA, ~ S
covrrrv oF INDIAN RIVER #
I HEREBY CERTIFY t6at oa thu day, befor+~ me~ an
of6cer duty authoriud in the State atoraaid and in the County aforesaid to take ackiwwkdgments~ personally appeared ~
O. F. PIPPIN and LOLA E. PIPPIN, his wife ~
to me known to be the person S described in and who executed the foregoing instrument and t~ley acknowkdged
before me that ttle}~ executed the same. ~ J ;
WITNESS my hand and o((icial ~eal in the County and State last aforaaid this ~ day of
November A. D. 19 69.
~ ~
~ ` l~P
~ . Notary Public, State of Florida Large.
~ ` My commission expires:
A~ Se~ NOTAaY PIIBIIG STATE of fLORIDA at LkN~E i
- ~ ~ ;'S~ ~ ry ~ lllf COAEAi1SSi0N EJ(?IRES MAR. 19, 1973
~
~ ' FtlEO AN~ RECQRDED ~
A .""`G : _1 _ ~T:LUCIG^~OUtJTY, F~q,
t^, • ~ . ;~~~~r.n
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~ 1853`73
~`'f ' 69 tJOV 1 .
3 : 43
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~~~~3 : S
CLrRK C;RCUIT COURT
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