HomeMy WebLinkAbout4055 und shall pe?jo?m, comply u~ith a?id a6ide by rach and every !he agreemenls, stipulalions, conditions nncl
covenants fhereoj, and oJ Il~is mortgafle, then !{~is mor~gage and the estale here6y crealed, shall cease. de-
termine an~ ~e null an~ voic~.
~ f~e mortgagor hereby /u~the? cot~enants and agreea to pny promptly u?lien due Ihe principal and
interesl and otl~e~ sums of money provided /or in suid note and ~h~ morfgage, or eilher: to pay all and
singular the taxes, assessments, levies, lia6ililies, obligations, and encum6rances oj every nafure on snid pro- ;
perfy; to permif, commit ~r suf
Jer no u~asle, impairmen! or c~eteriorotion o` saic~ ~ancr or fhe improvemenls ~
Il~ereon a1 any time; to k~ep IhR 6uildings now or hereaJter on said land jully insured in a sum oj not less ~
than full insurable value or $20,000.00 whichever shall be the least.
in n company or companies accepla6le 1o Ihe mortgagee, the policy or policies fo 6e held 6y, and payable `
lo, sai~ morfgagee, nnc~ in 1{~e evFnt any sum o~ money ~~ecomes paya~~e by i~irlue of such insu?ance fhe
mortgagee shal! ha~~e Ihe rigl~t lo receive and npply the same Io !he inde6tedness I~ere6y secured, nccounting
lo the mortgagor for any surp~us: fo pay u~~ cosfs, chnrges, anc~ expenses, inc~ucjing ~awyer~s fees and fit~e
sea?ches, reasona6ly incurred or pnid 6y the mortgagee 6ecnuse oJ ehe jailure o/ ihe mortgagor to promptly ~
an~ ~u~~y comp~y wif~ ttie a~reemenls, sfipu~ations, concrifions anc~ couenanfs o~ saic~ note and this morfgage, j
or eilher; to perJorm, comply u~ith and abide by each antl every fhe agreements, sfipu~ations, conclitio?es and
covennnts set jort~ in saic/ nofe and f/~is morfgage or eit~er. /n fhe even! the mortgagor fai~s to pay when ~
due any tax, assessment, insurance premium or other sum oJ money paya6le by virlue o/ said note nnd fhis e
mortgage, or eifher, t~e mortgagee may pay Ihe same, without waiving or nf
fecfing fhe option fo ~orec~ose ~
or any of{~er rig~f bereunder, and all suc1~ paymenls shall 6ear interesf Jrom dale thereof at the 1~igl~est Iaw- ~
~u~ rate then n«owea by IF~e ~aws o~ tF~e $fate of l=~orida.
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~l nny sum o~ money ~erein re~erred l0 6e no! pro:npt~y paid within thirty days next af fer ;
the same becomes e~uP, or i( pacle and every tl~e agreements, stipu~ations, conditions and covennnts of said ~
s
note nnd this mortgage, or eifher, are not (ully perJormed, complied weth nnd n6ided 6y, then tf~e enti?e ;
sum mentionecl in said note. and ih~S mort~ac~e, or tlee enti~e Iw~ance unpnid thereon, s1~al~ fortluyitli or
l~erea~te~, at t~e option o~ t~e mortgage~. 6ecome and be diie and payn6le, nnyfhing in saic~ note or~ herein
to the contrury notwithstanding. Fnilure 6y tF~e morlgagee to exercise nny o~ tf~e rights or options ~erein ~
prouidec~ sliall not consfitule a wniver o~ nny rig{?fs or options unc~er saicj note or t~is mortgage accrued or
iherea~ter accruing.
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~ ~n ~itness ~IKI[~l fhe mortgngor has caused these presents to g
I (CORPORATF ~
i~ SEAL) be execuled in its name, and its corporate senl to be he?eunto nj~ixecl, by ~~S ~
i proper of
jicers t?~ereunlo du~y nuf{~orized. ~hP day and ye~ first a~ioue u~rilten.
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° :1TTEST:---- ~4~I-~*Y---~NN~---.INC_._...--------------------------
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~ i E aine Wood Srcrctary
; Signed, seale~ and de~iuerc~l in the presence of :
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~ - - - ; t-- _ ul Cash -------------------------------------P«~an,~
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g + ~ ~ !'1~rN S.~ _ " _ _
G`
R ',-'--•-•1..'- .`v. ii '
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} " a •~~0• • ~
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4 i :o
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~ ~~t1te Of FLORIDA ~ ',~~1 ~~`v
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~ ~Q(jj~~ Of INDIAN RIVER ~'•'~f `
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fi ~ 1 HEREBY CERTIFI' ~hu~ on t6ia duy. 6sJon mr. an o~(inr dulr au~lwriud in t1?e Slaee wid Countr o/wraoi~d to ~al~e «4nour~edg- i
~ „~n~,. a.,«b[r,, ~a~,n! Paul Cash and Elaine Wood ~
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~ i~ urll ~no~un to mt lo be I{~~ Presidvnt a,~a S e c r e t a r y respediorl r o~ Il~e cwporolion named a
malgagor in I~e ~oragoing intlrurr~nl. and I~ol I~ty set~tr~~y oc~inow~t~ esecuting ltie samt. in t~e pnttnee o~ Iwo sudtal~ wilntsses.
- (ree~y a~d oo~unlnri~y une~er aut~orily du~y resleJ in I~tm by said cwporolion and ttiat l~t sta~ o~~utd ttitrcto is ttie In~t cwporolt ato~ o~
- I ~~d ro.~.~~~. , ~ b ;
` ~ W(TNESS mr {~and und o~(icio~ uol in t~e Counly and Sede ~ast a(onwid ttiis ~l ~~?/l7~l~P/t/ ~
4 11. ~ 9~u~- S
I t • ~
II _ . ~ j1~9 R4 f ap ~ ~~,,l ~ t s
4~~ .~U i? ~ ~
Y, i~ i~~ - -----~'L-"= •-•---r- ----•'"'"_-_••'.^--G,..:.._..
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_ '~~yE~ FO.fiRA4 ~ . .
= e~~~sK a~~~cu~r coua ~io -!_7'- ~S'`;~ . ~
~s PE9QF1 YF~'lflE~~.,,,..,.~.~. ~ • .
, ;~4430~ , ` ; . ~ .
- Dtc 11 9 ~s ~z . , _ _
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~ !%is I,wrr~,~~fni prcpn,rd hy: Byron T. Cooks ey - ~ j
~u A~1JrFSr P.O. Box 760, Vero Beach, Florida 32960 ~ K P~6F
t'oa 209 204
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