HomeMy WebLinkAbout2942 and shnll p~rform, comply u~ifl~ and a6ide 6y each and ci~ery Ihe agreemenfs, stipu~atio?i:, co~dilions and
co~~enanls thereoj, anc~ oj I~~is marf{~ac~e, f~en fhis murfga~e anc~ 1{~P estafe tiere~y creufe~, sha~~ cease. ~e-
Iprmin~ ouc~ ~~e nu~~ an~~ i~oi~~.
~n~ I~~e morf~a~~or ~~~r~~hy jurfher cov~nanls anc~ agrees fo poy prompl~y when clue the principol and
infe?esl nnd of~ier s~~ms o( money proniclec~ ~or ir~ sai~ nole anc~ fhi~ morfgage. or eil{~er; fo pny a~~ and
stngu~a~ i~~p fnx~s, ncs~ssmi~nts, ~~i~ies, ~iaGi~ifies, oh~i{~afions, anc~ encumbrances of every nature on said pro-
perfy: fo permil. commif or su(~er no u~asle, impairmenf or c~eteriornfion o~ sai~ ~anc~ or Itie improvements
thNrncn ai any lim~: 10 ~C~~p the buildin~s nou, or herPaJt~r on said land Jully insured in a sum oJ no! lesa
f1~an ~
in u compa?ry or compani~s acc~pfa~~~e fo Ihe mortga~ee. 1{~e policy or po~icies !o be held 6y, nnc~ payab~e
fo, sc~i~ morfgnge~, an~I in Ihe erenf arey sum o~ money becomes Paya6l~ 6y ~~irhie o~ suck insurance t~e
mo~tga,qee s{~a~~ hai~e t{~e ri~{~! fo receive anc~ opply Ihe same to Ihe inde6tedness here6y secured, amounfing
to f{~e morlyn~or ~or any surp~us; lo pay a~~ cosfs. C~AI~P.S, and expenses, incluc~ing ~awyer~s jees anc~ fit~e
searc~es, rnasona~~~y incurre~ or pai~ E~y Ihe morfgagee hecause oJ ttie fai~ure o~ fhe mo?tgagor fo prompl~y
ancl ~ully comply u~~th thp a~reemenfs, sfipu~afions, con~itions ancr covenanfs o/ said note and fhts mortgage.
or either; fo ppr(orm, comply u~ifh ant~ a6icte 6y~ pa~h anc~ ei~ery Ihe agreements, stipulations, conditions ancl
cot~~nanls set ~orlh in sai~ notp and this morlgage or eiiher. In the event the mortgagor ~ails to pay when
clue any ta.r, nsspssmenf. insurance premium or olher sum of money paya6le 6y i~irtue o) saicr nole nnd fhis
mortgnge, or eil~~er, t~ie morfya~ee may pay t{~e same, wit{~out wniving or af
jecfing Ihe option lo f
orec~ose
or any oll~~r ri~l~t hereunder, ancl a11 sucl~ payments sI~aII bear interest jrom date thereof nf the 1~tgl~est lnu~-
(ul rate 11~en allou~ed 6y Ihe lau~s o) t1~e Statp of Florida.
DI any sum o( mon~y h~rein re~errP~ lo he nof prompt~y pai~ wifhin thirty cjays next n~fer
thP sam~ h~comes du~, or iJ each and every Ihe agreements, stipulations, condilions and covenanfs o~ said
nofe and this moriynge, or eitl~er, are nol -~ully perJormed, complied u~itF~ ancl abicled by, t~en 11~e enlire
sum mentioned in said note, and Il~is mortgage, or the entire bn~ance unpoid tl~ereon, shall (orthwifh or
tl~ereaJler, at th~ option o( the mortgagee. 6ecome and 6e due and paya6le, anyt{~ing in said nole or herein
(o t~e contrary nofu~itF~slanclin~. Failure ~y f~e mortgagee to exercise any of tRe ?ights or opfions ~erein
provic~ee~ sha~~ not constilutP a u~aii~~r o~ any rigtits or options un~er saic~ nofe or t~is mortgage accrued or
1~~Prea~ter ac~n~int~.
~n ~itness ~hereof~ the said mortg~gor tias hprPUnlo signe~l and sealed tl~ese presents the
day ~~~~I y~a~ ~irst ~~?ore u~ritlen.
R and L BrTl'ERPRI3ES, INC.
Signe~I. sea~etr n?tt~ tr~~irer~tl in fhp prps~r o~: -
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( ~ /~t-~-~t.~-~~- By--
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~ la~~ A.~~ Loiirie~----~--::~_.:~~ -
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~ - Sec~etuy-Treasurer :
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7l ~ it~;~~ - ,~..Y.~_.f: ~ ~ . ._.r.~-.,~ .
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STATE OF FLnRIDA, ~ : -
c~r~TV c~e pa]a Beach ~ ~
I HEREBY CERTIFY that on this day, befon me, an
office~ dul~• authoriz~d in the State aforesaid and in the County aforesaid to tak~ acknowledqmenu, p~rsonally appeared
P~TE~ A 1CIR~EY and DOUGIA3 A.IAi~i~IE, President and
Secretar~-Z'reaaurer, reapeatively ~
to mi• know~n to be the person described in and who ex~cutcd the for~qoinq instrument and t~lEy acknowledRed ~
befon• ~ne that they~a~cuted the same.
~~'I7'tESS m~• hand and official seal in the County and State~ last aforesaid this day o(
December A. D. 19 69. ~ ~
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~ ~1LED ANO RECORDED~ ~ l ' -
~ s-r.~~ucc ~ ~Up1cl~pl.A• . . ~
~ C_ r
~ ~ lg"~'~l . ~ /I ~ 7 . ~
2•~~ ~ / l . ~
~ '69 OEC 31 PM
~ `c'`` - ~ . ~ - ;4
~ _~i i•01~ COURT I. • 1
~~EHK CtRCUtT ~ _ ~
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~ !%i~~ Iru~nin~~n/ pnp•
nr~•cl hy:Charles E. Banta 0 R (j
~ County Title and Abstroct Co. g~~~~~ ~~v~
`~`~`f~`~" 855 South Federol Highway
Boca Raton, Fla.
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