HomeMy WebLinkAbout2946 and shal~ p~r/orm, romply ini11~ and abi~e by each an~ eoery t{ee agreemenls, st~pulations, conditions and
corenants tliernof, and o( Il~is morlqaf~e, tl~en t{~is mortgage an~I the estate F~ere6y creatpcl, si~al~ cease, de-
lermir~e nn~ ~e nu~~ an~~ ~~oi~~.
Iin~ f~~~ morfganor ~i~v~•6y ~urlher covPnunts an<I agrees io pay promplly when due fhe principal and
inleresi anc~ ot~~er sums o~ money pronicre~ jor in saic~ nole a~d Ihis mortgage, or eil~er: fo pay a~~ and
sinpular Ihe tax~s. ass~ssme>nls, l~vies, linbililirs, o6lipalions, and encum6rances o~ every naiure on saic~ pro-
pe?ly: to pe~mit, commit or su~(er r~o u~asle, impairmenl or delerioratio~ oJ said land or the improvements
1{~Prnc?~ at.any lim~; fo ~PPp IIIP huildin~~s now or herPafler on said land (ul~y insturd in a sum o( not ~ess
~
Ihan
in a company or companies accrpfa~~~e !o Ihe mortgaflee, the po~icy or po~icies fo ~e held 6y, nnd paya6le
fo, sai~ morfQagee, a~i~ in the ~ren! any s~im o~ money 6ecomes payable ~y virlue o~ sucti insurance the
morf~ageP Shall ha~~p !he right to rcceive and apply the same to the indebtedness here6y secured, accounting
to i{~e morf~a~or (or any surplus; fo pay a~~ cosfs, charpes, ane~ expenses, inctu~Iingrlawyer~s (ees nnd tit~e
searches. r~•asonab~y incurre~I or paic~ 6y f{~e mortgagee 6ecaiue of the fni~ure o( !he mortgngor fo prompfly
ana jully comply u~i1f~ fhe agreemenls, sfipu~afions, con~itions ancr covenants o~ said nole and Ihis mortgnge.
or eif~~er; fo pp~(orm, comp~y tnilli an~ abi~e 6y ~a~h anc~ enery the agreemenfs, stipu~ations, condifions and
covenants set jorlh in saic~ note and Itiis n~ortgage or either. ~n t~e pvent the morfgagor ~ai~s to pay when
due any tax, assessment, insurance premium or oll~er sum oJ money paya6le by nirtue o) said note and t1~is
morfgage, or ~it~~er, I~~e morft~ac~Pe mny pay fhe same, wit~out wniving or a~jecting f~e option to jorec~ose
or any other ri~Iit I~ereuncler, nn~ all such paymenis shnll 6ear interest (rom dnte ihereo~ at ttie hlghest Iaw-
~ul rate lhen al~o~oerl by II~p laws o( the Stafp o) Flori~a. .
~ny sum o~ moneV {~erein rererret~ to he not prompt~y pnid wittiin thirty c~nys next aJler
thP samp 6pcom~s clue, or iJ eacl~ ancl ei~ery f{~e agreemenfs, stipulations. conditions and couenants o( said
note ~nd tl~is n~ortgac~e, or either, are not f ully perjormed, complied with and a6~ded 6y, tl~en the entire
sum mentio?ied in said note, ancl Ihis mortgage, or the entire 6alance unpaid thereon, shall (orf{~wifh or
Ihereafter, at th~ oplion o~ fhe mortqagep, become and 6e due nnd payable, anytl~ing in sai~ note or I~erein
to t~ie contrary nolwithsfanc~ing. j'~i~ure 6y ~{~e mortgagee to pxercise uny o~ the nghts or options ~erein
pronic~e~ s~a~~ not conslitutP a u~aie~er o( any rig~ts or opfions under sai~ note o? f~is morfgage occrued or
f{~prea~fcr accruin~. _
~n ~~t~~s ~h~Q~l~ Ihe said morlgagor has hereunto signpd and sealed these presents Ihe
~ay an~I y~ar ~irsl a6ot~e u~rilten•
K and L ENrERP'~ISBS, INC.
Signec~. sPaEetr ant~ t~~~ir~rnt~ i~~ f{ip pres~nc Q': -
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i ,~=~~-..~/.~'E-~ Attest: ~z - .
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j Dougla A. Lo ie,,~
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+ ' Secreta__ •
_-~!Y ,.,C~c,. ----~,1<l~-_ .4 - - - - r.y.-1`reaa!,u~R~..,.~.:.:~
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STATE OF FLORIDA, ~
COL \TY OF Pal~ BeaCil
I HEREBY CERTIFY chat on this day, be[ore me, an
offi~er c1u1~• authoriz~d in the Statc a(oresaid and in the County aforesaid lo tak~ acknowledqments, penonally appeared
PE?ER A 1CIRREY and DODGL~?S A. LOWRIE, President and
Secretar~-Treaaurer respectively
to me know•n to Ix thr persons descri~ i~ and who ea~cuted the (oreQoinq instrument and ttlly acknowledRed
befor~ ?ne that t~y ~x~cuted the same_
("I :\ESS my hand and official scal in th~ County and Statr last aforesaid this day of
, Dece~ber D. 19 69. -
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, , ari~ RECOROED . ~ , ,
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~ F~-E~T •c COU'`~TY• Ft-a~ L - t~. - -
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%7,~s I~c~irr~„r~-r,~ p.~pnn~~ hy: Charles E. Banta 0 R 181 ~2946
~n? County Title and Abstract Co. 800K ~
~ 855 South Federal Highway ;
Boca Raton, Florida
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r.-~ r; ~ _ n=- ~ _.w.~ i~r~