HomeMy WebLinkAbout2114 ~ ~ t
and shall pe?fu?m, comply wilh a~d a~~id~ 6y ~ach an~1 e~~e?v tf~e ag•cbmenfs, slipulations, condi~ions anil ~
covenanfs f~~ereo~, an~ o( l~ts morl~ap~, fhen fhis mo?I~nfle un~ th~ eslal~ ~~Prv{~y creafc~~~, sha~~ CPQSP, c~e- '
termine an~ Ge null ancl voic~. ~
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~ the mo?fgngur I~erehy f urf~~er co~~enanls ancl ap?ees fo pay prompl~y u~hen due 1{~e principal and j
inleresf anc~ olher sums o( money proviclec~ jor in saic~ note and Ihis morfgage, or e(f~er: to pay a~~ and {
singu~ar I~~e laxes, assessments, ~evie~, ~la6i~ifies, oh~igations, and encum~ranc~s o( every nalure on saicl pro- ~
perfy; to pe~mif, commit or suf~er no u~asfe, impairment or cjeterio?afion o( sai~ ~anc~ o? Ihe improvemenls ~
thereon at any lime: to keep the 6uildinps now or h~?eaf ter on said lnnd f ully insu~ed in a sum oj not less
~han full insurable value of buildings thereon
in a company or companies accppta6le lo Ihe morlgagee, the policy or policies fo be held 6y, and paya6le
lo, sai~ mortgafle~, anc~ in Ihp ei~ent any sum of money hpcomes paya~~~o ~~y virlue of such insurance t~~e
mortgagee s~~a~~ ~hane f{~e righf b rece~ive anc~ apply fl~e same fo f{ie inc~e~>fe~Jness I~ere~y secured, accounfing ~
fo f~~e morfgagor for any siuplus: to pay a~~ cosfs, c.{~a?{~es, ane~ expenses, inc~ut~ing ~awyers Jees anc~ lit~e
sParcF~~s, reasonab~y incurrecl or ~~~d 6y ih~ morl{~ngeP 6ecause of fhe f
ai~ure of the morlgagor to promplly
anc~ Ju~~y comp~y u~ifh t~~e a~reements, slipu~afions, con~~itions a?ic~ conenants of snicl nole ancl tl~is morfgage,
or eifher: to pe?form, comply willi nncl al~icle I~y ~ach anc~ i>nery f~ie agr~emenls, slipu~nfions, concrifions and
covenanls sef jorl~ in saic~ nofe an~ I~is mortgarye or pith~r. ~n f~~e ~venl t{~e mo?f{~apor fai~s lo pay w~en
~ue any tnx, ass~ssm~nf, insurance premium or oll~er sum o~ money payah~e hy i~irtue o~ saic~ nofe antt f{~is
mort~a,ryc~, or eil{~er, t{ie morlgn,yee may pay the same, u~if{iouf u~aiving or af~ecting f~e option to ~orec~ose
or a?~y ollier right hereundPr, a+ul all sucl~ paym~nls shall 6~ar interest from c~ate fl~erewf at fhe Itigtiest lau~- ~
i Jul rat~ lhen allotrcKl by the Inios oJ tGe Stnf~ oj Florida. 1
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~ any sum of mon~y I~Prnirt rnferr~~cl !o I>~ not pru:nplly paid within f ifteen days next a~ter F
j flie samp becomes du~, or if ~ncl~ and ev~ry flip agrnemenfs, stipulalions, condilions and cot~enants of said ~
~i note and this mort~nc~p, or either, am no1 /ully perJormPd, complic~l uLth ancl a6~d~1 6y, then the enlire ;
i sum menlioner~ in sai~ nofe, an~~ l~~is morl{~~~e, or f{~e entire 6a~ance unpaiJ t{~ereon, stia~~ jorf~uuith or ~
~ 1{~erea~ter, a! f~~e oplion oj f~ie morfqag~>e, tiecome nn~ hP ~Itte and paya6le, anyl{~ing in sai~ note or herpin E
i fo Ihe confrary notu~ilhsfnnding. /=ai~ur~ hy fhe morfflngee to pxercise any of fhp rights o~ opfions ~erei~
~
~ provic~ec~ s~~n~~ not conslilufe a u~nii~~~ o( any righls or opfions unc~er sai~ nofe or fhis morfgage accruec~ or
therpaJfer accruin~.
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t~~, ~~~nQSS TiVIKrQ~I f~e rriortgagor {~as causec~ fhese presents fo
~ . A ~OKPORATf:
G~ 1_; SEAt.1 he execufe~I in ils ?iamP, nncr its corporate seal to be liereunto aj~ixee~, by ~ts
~ prop~r oJjicers tl~ereunto cluly aul6orized. fhe day and yenr ~irst nbove u~riften.
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~ . ~~rlt.~~.~'
; , ~ 5 DOUTHIT COLLEGE GROVES , INC .
; r~'~TEST:- -
.
~ ~ ancy S outhi
~ Si~r e, s~aled and de ~~red n 1he presence oJ:
' ~ ~ „ ~ C ~ ~
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€ } Claude Douthit, Jr. P~~~
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~ ~iECORDED
F1LEU KTY fLA. ~
~ _ ST.IUCIL •.;~18 ~~"~'~7~-A '
R~y~,-' r0~1RAS
~ Cli•;~ ~t''.'•~1? COURT
q~C,QFiP Vf~"flfD
FLORIDA - J~j~, ~3 3 22 ~N ~~3 ;
~tate Of
~ ~1111 Of INDIAN RIVEH
~ :
~ 1 HFRF.[3Y (7:RTN=1' 1601 on Il~is ~oy. Iw(orr nw. nn oJ~i~vr duly uull~wi:rd in IRe ~fat~ am{ (
ounly ajorrsaia lo 1aGr aclv~ou~~dq- !
~ n~nls. ~rsorwillp uppeare~~
~ ` Claude Douthit, Jr. and Nancy S. Douthit
~ ;
~ ~ rvsi~rnf nnJ .I ~PS~..~~~nlr o~~ l~e ~wpcralin~ narruti~ as ~
' ~,ti~t~ ~~04„ m. t~ ~tiP ~ Secretarp ~
I~ nwrfqugor in I~v ~oregoing instn~mrnl. anr~ I~al fhry wrrrol~y ar4nou~eelgwl erwuliny ll~v .:anr. in Itir pnsencr o~ !uw subs[ri6in,q uilneasvs. ~
~ I t i
r/PP~V OR~ l~UII~OR') I1111~Pf QU~IIOf1~y (~U~y l`PS~P~ 1~1 ~~P/~t D) SOII~ ["d(NXO~IMt Onll ~~0~ ~~P Sf'U~ o?~~=Pd ~~PR(O /S ~~f ~I1M ('O~~U~f 3~1~~ U/ {
~ ~ ~M~ lO/~NX~~IOII. 3
. M / , v_`-
~r tt~~~~~:CC my har~ and o~~icia~ sra~ in ftie ~'ounly ond Stalr ~ast a~urnwi~ ltiis day oJ (~}t~t~'~.-- ~
2 { 1/:"
A. 19 ~ Y ' ~
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3 F. a::•,:»:
Notary Publ ic , State ~
~s t ~ ~ ,
~ at Large. . .
~ My commission expir~: - ~i~
~ " f~ ,1~~ ' _ t_'• (1: - .
;t`; U~ ~C;:•~,•
,t..-,._1.,
Iliir I~ulrrrmcrr~ rr ,rd b B. T. Cooksey ~
~ p ~ y: . - . -
~ P.O. Box 'T60 'Vero Beach Florida 32960 ; „ .
~ A~drru ' ' ~
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SCC~( V~C~
° R 226 2'11~
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