HomeMy WebLinkAbout0396 an~ s~~a~~ per(orm, comp~y u~ifh and ubide 6y eacl~ and eoery t~e agree?nents, ~tipu~ntio?is, conditions and
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conenants tl?ereo~, and oJ thia mortgaAe, lhen thLs morfgage und if~e e:tate here6y created. ~hall cease, de- ~
lermine and 6e null and iwid. '
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~ the mo~tgapor hen~by Jurther covennnla und agrees to pay promptly when dus the principal and
interes! n~d ofher sums o( money proviaecj ~or in salc~ note and fhls morfgaAe, or etther; !o pay aU and
atngu~a~ ftie fa.res, assessments, ~evies. IIQ6tIlI1PJ, o6ligatto?u, and encumbronces o~ everp nature on aaid pro-
perty; fo permif. commil o~ sulfe~ no u~aste, impai~menl or deferiorofion o~ said ~nnd or f{~e ~mprovemenb
tF~F~ecn a1 any limp: to RPPp IhP huildinfls now or {~ereajter on ~aid Iand /ully insured in a sum of not le:i
thnn higheat inaurable value
in n company o~ companies accepfa6le 1o the mo?tgagee, fhe policy or policies to 6e held 6y, and ~ya6l.
fo, said mo~fgngee, anc~ in fl~e event any sum of monep becomes rwya6le 6y virtue o( auch iresuronce the
mortgapee shall hai~e the right !o receivp and apply Ihe snme ~o tl~e indebtedness hern6y secured, ac~ounting
to f{~e mo?tga{~or ~o~ any surplus: lo pay a~~ cosfs, charges, and expensea, inc~ucring ~awyers feea anc~ tit~e
searches, reasona6ly incu?rec~ or paid by Ihe mortgagee because o~ 1{~e ~ai~ure o~ f~e mortgagor !o prompt~y
and ju~~y comply u~if{~ f{~e ag~eemenls, sfipu~ations, con~ifions ancr covenants oj suid no~e and thta mortgage,
or eit~er: to perjorm, comply u~ith and a6ide 6y eac1~ anc~ every t{~e agreemenfs, stipu~ations, conditions anc~
covenanls set Jorth in said note and this mortgnge or either. In tl~e event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum oJ money paya6le by virtue oJ said note and this
mortgage, or eifher, the mortgagee mny pny f{~e snme, u~ithout waiving o~ a~~ecling t{~e option to (orec~ose
or any other rigtit {~e?punder, nnd all such puyments shall 6ea~ interest /rom date thereo/ at the htghest Iaw-
(u~ rale then al~owec~ {~y fhe laws o~ t~e State oj F~wi~a.
~l any sum o~ money {~erein re(errecl to 6e not prompt~y paid u~ithin 30 days nexf o~ter
tl~e same 6ecomes due, or iJ eacl~ and et~ery IF~e agreements, slipu[ations. conditior~,+ and covenanf: of said
nole and t6is morlgaga, or eitl?er, are not (ully perfonned, complied with and a6~ded 6y, then tl~e entire
sum mentioned in said no1e, and t1~is mortgage, or tl~e enttr~e 6alance unpnid thereon, shall (orthwitF~ or
t~erearter, n! f{~e opfion o~ t~e morigagee. become and 6e due and paya6le, anyf~ing in auicr note w~e?~etn
fo the rnnfrary nolwithsfanding. Fai~urp 6y ~he morfgagee to exencise any of the rig~?ts or optiona herein
provided sha~~ not conslilute a u+aiuer of any rig~ts or oplions uncrer snid nofe or t~is mortgage nccru~ or
t~ereo~ter accruing.
~n ~~LII~ ~~~L~ tRe saici mortgagor {~as herrunlo signecl and sealed tl~ese presenls t~e
cray an~ year lirst above u~ritten.
$i ed ealec~ ancl tlelin 'n e presencp o:
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~ o t D. Gi bana
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E ~ g t H. Gib~on
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~ ST4TE OF FLORID4. ~
~ COL'1TY nF $'1'. LUCIB
; I HEREBY CERTIFY that on this day. betore me~ an
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~ o((icer duly authorizcd in the Stat~ a(oresaid and in the County aforesaid to take acknowledgmenu~ pcrsonally appeared
~ ROB~T D. GIBBONS and MARGAHSP H. GIBHONS, His Wife
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~ to me known to br the person4 described in and who executed the [orcRoinq insuumtnt and th~I acknowkd~ed
~ be(ore me that they ex~cuted tht same.
~ H'I7'NESS my hand and official seal in the C:ounty and Sute last aforesaid thu ~ day of
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" F1LE~3 AKC' ~cC0fi0E0 I~IOtsly Pub11C
~ - ST.ILC C ~.;tNtY FIA. r., ,_...~a F;:,: da st !:.rge
~ ~ POG~ r F ~•ITRAS Id~ •C;,.z:-,.ss,~a Ea;.~:es 5e'r!• ls 191+'~
~ ClE°K ;UiT ~OtiRT
" - , - Rc~14~ YE ~ ,EO~.....-~--
- . M~uc 3 2 2o PN'~Z
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IX
_ 1%is liulrumcn~ pre°parr-~ by: TMi• INfTRUMENT PREPARED BY- W~jte! B• Davis
.e ABSTRACT Q TITLE CORP. OF FL/?.
~ ~1~~~ Zps 2ti0 fT. FORT PIERGE. FLORIDA
- $~x2~ ~ 396
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