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HomeMy WebLinkAbout0616 MORTGAGE DEED - Page Three obligations, and encumbrances of every nature on said property; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements thereon at any time; to keep the buildings naw or hereafter on said land fully insured in a sum of not less than full insurable value thereof in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money bec~nes payable by virtue of such insurance the mortgagee 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 mortgagee because of the failure of the mortgagor to promptly and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgaqe, or either; to perform, c~nply 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 mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest lawful rate then allowed by the laws of the State of Florida. ~ If any sums of money herein referred to be not promptly paid within thirty (30) days next after the same becomes due, or if each and every the agreements, stipulations, conditions and cove- nants of said note and this mortgage, or either, are not fully per- formed, complied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mort- gagee, become and be due and payab le, anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall j not constitute a waiver of any rights or options under said note ; or this mortgage accrued or thereafter accruing. ~ ~ IN WITNESS WHEREOF, the said mortgagor has hereunder signed ~ and sealed these presents the day and year first above written. ~ ~ Signed, sealed and delivered g in the presenc~ of: i - ~ _ , (SEAL) ~ Richard ~ . Starr , Jr . / ~ , . ~ - 1~ ~ _ ~3EAL) ~ ~ ura B. Hanc ~ y ,1 ~ ~ ~ (SEAL) - P er M. Leaming ,.,L._ ` (SEAL) ~ ; Brenda E. Leaming ~ ~ ~ ~ ~ ~ ~ Et3K~~U rA~~ ~ ~ NCILL ORI/FIN JEFFRICS i LLOTD ~ CHAA~EREO P O BO% 1270. FORT PIERCE, ilOR10A 33450 - TELEPNONE {305) 46a-B200 zi ~ ~ " ~ ~ ~ ~~a a, j ; ~ _ x c~.~~ . ~`wtw~~ , ~ -~~'.,.F~ , , , . ~ ~ ?