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HomeMy WebLinkAbout1177 and shall perform, comply with and abide by 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 void. AND the mortgagor hereby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in said notes and ~his mortgage, or either; to pay all and singular the taxes, assessments, levies, liabilities, obliga- tions, and encumbrances of every nature on said property, to permit, commnit or suffer no waste, impairment or deterioration of said land or the improvements thereon at any time; to keep the buildings now or hereafter on said land fully insured in the full insurable value in a company or companies acceptable to the mortgagees, the policy or policies to be held by, and payable to, said mortgagees, and in the event any sum of money becomes payable by virtue of such insurance the mortgagees shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to pay all costs, charges and expenses, including lawyer's fees and title searches, reasonably incurred or paid by the mortgagees because of the failure of the mortgagor to promptly and fully comply with the agreements, stipulations, con- ditions 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 mortgagor fails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagees may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such pay- ments shall bear interest from date thereof at the highest lawful rate then allowed by the laws of the State of Florida. If any sum of money herein referred to be not promptly paid within 10 days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said ! notes and this mortgage, or either, are not fully performed, complied ' with and abided by, then the entire sum mentioned in said notes, and this mortgage, become and be due and payable, anything in said notes or herein to the contrary notwithstanding. Failure by the mortgagees to exercise any of the rights or options herein pro- vided shall not constitute a waiver of any rights or options under said notes or this mortgage accrued or thereafter accruing. IN WITNESS WHEREOF, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. Signed, sealed and delivered SEAL) in the presence of: Warren cFa den ~ . ~ ~ ~ ~ ~ ~ ~ aF FLOR~~~ ~ ~'jTA~ AMP j~xi ~ D~CUMENtARYI..."'.,L~,..r.--- ~ OEPt.o R YENl/E ~ 398.25t o _ ~r i. ~t ~ o - : ~not o . . ~ ~ 206 1~.74 ~ e~~K rt,~t ~ _ a _ _ _ I -V~'~3"`i~~ } '