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HomeMy WebLinkAbout1569 . ; ! and shall perform, comply with and abide ~,y each and every the agreements, stipulations, conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, determine and be null and v~it3. AND the mortga.gors hereby further covenant and agree to pay promptly when due the principal and interest and other sums of money provided for in said 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 deterioration of said land or the improvements thereon at any time; to pay all costs, charges, and expenses, including lawyer'~ fees and title searches, reasonably incurred or paid by the mortgagees because of the failure of the mortgagors to prompfly and fully comply w ith the agreements, stipulations, conditions and covenants of said note and this mortgage, or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagors fail to pay ~ when due any tax, assessment, or other sum of money payable by virtue of said ~ ~ ~ note and this mortgage, or either, the mortgagees may pay the same, without i ~ ~ waiving or affecting the option to foreclose or any other right hereunder, and ~ ~ all such payments shall bear intereq# from date thereof at the highest lawful i ~ rate then allowed by the laws of the State of Floricta. ~ IF any sum of money herein referred to be not promptly paid within ~ thirty (30) days next after the same becomes due, or if each and every the ~ agreements, stipulations, conditions and covenants of said note and this mort- ~ gage, or either, are not fully performed, complied with and abided by, then S - the entire sum mentioned in said note, ar~d this mortgage, or the entire balance ~ unpaid thereon, shall forthwith or thereafter, at the option of the mortgagees, ~ ~ ~ become and be due and payable, anything in said note or herein to the contrary ~ notwithstanding. Failure by the mortgagees to exercise any of the rights or ~ 32 ~ Page 4 ~ ~ ~y ~ BOOK PACE~~~ 1 ~ ~ ~ ~ ~ ~ ~ _ _ . .