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and singular the taxes, assessments, levies, liabilities, ob~,iga-
tions, and encumbrances of every nature on said~pYOperty;-~ttu~permit,
commit 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 Che 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 highzst 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
note and this mortgage, or either, are not fully performed, complied
with and abided by, then the entire sum mentioned in said note, _
and this mortgage, 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 options herein provided
shall not constitute a waiver of any rights or options under said
note or this mortgage accrued or thereafter accruing.
;
i IN WITNESS WHEREOF, the said mortgagor has hereunto signed
~ and sealed these presents the day and year first above written.
~ ~ c (SEAL)
~ Signed, sealed and delivered % arren McFadden
in the presence of:~
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. i'c ~ 'r ~ ~'~~~i ' ~
,
STATE OF FLORIDA
covrrrY oF s i, L~< f .
I HEREBY CERTIFY that on this day, before me, an officer
a duly authorized in the State and County aforesaid to take aclanowledg-
ments, personally appeared WARREN McFADDEN to me known to be the
~ person described in and who executed the foregoing instrument and he
~ acknowledged before me that he executed the same.
~
~ WITNESS my hand and official seal in the County and State
:~~,a~t.~ aforesaid this day of 1972.
, . ~
, .
. ~(J " ~
; , Notary Public, S ate of Florida at
~ ~ ~ - Large
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. ~ ~ :a'` = My Commission Expires: ~l/IS-`
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