HomeMy WebLinkAbout2207 and sl~all per/orm, i•umply u~ith and nbide by Pach and ei~e?y tl~e agreements, stipulntions, rnndifio?~s and
core~nants tl?~reof, and oJ Ihis mort~n~P, fl~en Ihis morlAage an~I fl~e estate I~ereby createc/, shall cease, de-
IPrmine an~ ~~e nu~~ nn~ roi~.
IZ~ IhP morfgaf~or ~~emtiy ~urlher covenanls and agrees fo pay prompfly when clue Ihe principnl antl
internst and ol~~er sums o~ mon~y provi~ecl ~o? in saic~ note and lhts morlgage, o~ eithe~; to poy a~~ ond
sinflular tRe lares, assessm~~nfs, le~~i~s, lia6ilities, o61ifla1ions, and encum6rances o~ every nafure on aaid pro-
perlv: fo ~~e?mil, rommif or suj~er no ~uasle, impairmenl or c~efertorafion of sait~ ~and or Ihe improvementa
1~~erncrt af any fimt+: , . ' ~ane~
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antt . ie~r-~ee~~~r fa ~t -ntorfge~ee.- !~e ~ecr-~r ~ieies -ts-~s -~?e~-~?, -ew~-paye~?{e-
f fo pay a~~ costs, charges, and expenses, inc~uding ~awye~s fees and tii~e
searc~es, reasonati~y incurre~ or pai~~ tiy Ihe morfgagee ~ecause of Ihe ~ai~ure~ o~ the mortgagor fo prompt~r
an~ (u~~y comp~y u~ifti !he agrepmenls, sfipulafions, conc~itions an~I eoi~enanfs o~ saitr note an~ f~iis moAgage.
or eif~~er: fo perform, comply with and a6ide 6y each anc~ ea~ery t{~e agreements, stipu~alions, cone~ifions antl
conenanfs set ~orl~ in snic~ note an~ tf~is mo~tgnge or eil~er. ~n the event t~e morfgagor (ai~s to pay wtien
due any tax, assessment, insurnnce premium o~ othe~ sum oJ noney ~yabl~ 6y vi~lue o~ saic~ note nnd f~is
mortgnge, or eil{~er, f{~p morfgagee may ~y f~e snme, wilhouf waiving or a~Jecting the opiion to ~orec~ose
or any o1F~er rif~hf herPUrider, and all siich payments shall 6ear interest ~rom c~ate thereo/ af Il~e highest ~au?-
'UI ~AIP t~IPII A~~OlI~Q~ ~V ~/1P ~(11t~5 O~ ~hP J~Q~P oJ Florida_
~L any sum o~ mon~y I~Preiri re~PR~ ~O be not prompf~y pait~ within 3~ days next a~ter
the same bc~c-omes duP, or ij each an~ ~i~ery I?~e agreempnfs, siipu~ations, conditions and covenants o) snid
note and tf~is mortc~a~p, or eitl~er, are not Jully perjormed, complied with and a6~dpd 6y, then t1~e entire
sum meneioned in said note, and 1?~is mort9age, o~ t6 e entire 6alnnce unpaid thereon, shall /orthwitk or
thereaf te~, at th~ aptio.e o( Ihe mortgagee. 6ecome and 'oe dup and paya6le, anything in said note or he?ein
to f~e contrary notwithstanding. 1=ailure 6y tl~e mortgagee to exercise any of t~e righfs or optioru ~ierein
pro~~icle~I shal~ nof consfih~te a wainer o~ any rig/~ts or options under sai~ note or l~is morfgage acc~ved or
f~ereaJter accruing.
~n ~itness ~hereof~ f{ie sai~ morigagor {~as I~ereunlo si,qnec~ ancl sealecl fhese presents fhe
~ay an~ y~ar Jinf ahonp ~rriilen. •
S[g?1P~. SPp~P~ and ~P~!l~PrPl! 1/1 ~IIP ~~PSPIICP OJ:
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/ s' ' •
Ernest~KIatf
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~ STATE OF NORTH CAROLINA ~
~ coc; xTY ~F ~CON
t I HEREBY GERTIFY that on this day, befon me. an
~ o(ficer duly authorized in the Stat~ aforesaid and in the County afor~said to tak~ acknowledgments~ penonally appeared
~ Ernest Klatt
to mc known to b~ the person described in and who execut~d the (or~goinq instrument and he acknow{edRed
before me that tl@ ~x~cuted the ume. ~
N'I'l~\ESS my hand and o((icial xal in the County and Statr lut aforesaid ~ this /~j day of
~ June A. D. 19 72.
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~ T Y PUBLIC, State and county
~V as afo esaid.
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F ~E ~ My Comm'n Expires: G~~fiG-,
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