HomeMy WebLinkAbout1415 forever. Provided always, and this mortgage is upon this express
condition, that if mortgagor shall pay the note or obligation her
inbefore referred to and the indebtedness evidenced thereby, and
all other sums secured by this mortgage, and shall fully do, per-
form, comply with, and abide by all the covenants and agreements
said note and this mortgage, then these presen ts shall be void, a
the estate hereby granta~ shall cease and determine, and the mortg
gee will execute and deliver to the mortgagor a suitable instrume
to enable the mortgagor to cause this instrument to be discharged
of record. I~ is agreed, howiever, that all expenses incurred in .
affecting such discharge shall be borne by the mortgagor, This
mortgage is made, hvwever, sub3ect to the following covenants,
conditions and agreements:
FIRST: That the m~rtgagor hereby agrees and covenants to pa
the interest and principal hereby secured promptly when due, and
if default be made in any part thereof, or, if default be made in
the payment of any of the monies hereby secured, or, if the mort-
gagor breaches any of the covenants and conditions contained herei ,
and said default or defaults and/or breach or breaches be not re-
mitted in fifteen (15) days or within ten days after notice of sai
default mailed to Stewart-Wade Florida Corp. c/o Jones Adams, Pai
~-Foster, Attorneys at Law, 601 Flagler Drive Court, West Palm Bea h,
Florida, Whichever date is later, then and in either event, with o
withaut demand as the mortgagee shall elect, the entire principal
and interest and defaulted payments, if any, at the mortgagees ele -
tion, shall became due and payable at once, and the mortgage herei
involved may be foreclosed in the ma~er provided for by law..
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~ SECOND: That the mortgagor agrees to pay as the same become
~ due and payable all taxes, assessme~nts, and other charges imposed
~ by law, upon said premises or any part thereof including the
~ mortgagees interest therein and upon this mortgage or the note or
indebtedness secured hereby, provided that should the amounts paid
for the mortgagees under this paragraph for such taxes, assess-
ments and other charges together with the interest on the indebted
ness exceed the highest interest rate permitted by law on the in-
~btedness then owing, mortgagor shall not be liable to pay any of
such excess over the highest lawful rate.
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~ TNIRD: That the mortgagor agrees to pay all other debts that
are noW or may become liens upon or charges against said premises,
and not to peimi.t any lien of any kind to accrue and remain on sai
preffiises, or the improvements thereon, which might take precedence
~ aver the lien of this mortgage. The mortgagor further agrees not
~ to create any lien on said premises junior hereto unless the per-
~ son entitled to the benefits the reof shall have agreed that the
~ time for the payment of the indebtedness herhy secured and the
~ manner and amount of payment thereof and tt~e benefits of the se-
~ curity afforded hereby may, without ~nsent of such person and
~ without any obligation to give notice of any~kind thereto, be ex
~ tended, reextended, accelerated, suspended and refunded on any te s
~ CHARLES E. BH;FlT ~tsoever without in any manner affecting the priori.ty of the lie
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~ ,,,~,E hereby created as security for the payment of the indebtedness sec -
ed hereby or any obligation sub~tituted therefqr or is8ued to re d
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.x; : ~?t RERCE. FLORIOA SaI~ • ~
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