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an~ shall perform, comp~y will~ a~d n6~de by ~1~ nnd every t~e agreement~, stipulolloni, condittons u?u~
coi~enanla thereo~, and oJ tl~ls mo~tguAe. IRen 1/~ti mariga9e and ti~a eatnte he~.br created, rhaU c~e~ass, d~-
termine and 6e nuU an~I iroid.
~ the mort9aflor I~ew6y jurtl~er covenants and agroes to pay promptly when dus tl~e prirectpal and •
tnlere~t and ofl~er sums o/ money provtded ~or 1n satd note aac~ thts mortgage, or eIt{eer; to poy o~~ ursd
singular t1~e taxes, assessrnenla. Ievtes, Itabilities, obllgatlona. ~d en~w,~6?n,?~ o/ euery nature on intd pro- ;
pe?ty; fo permtl, commtt or su~jer no waste, tmpairment or deteriorntton o` ~aid land or the improvemenl~ ~
ther+e~~t Qt a?ey fime: 1o Ireep ll~e buildings now or hereajter on ~a~d bnd ?ully iruurec~ in a sum o~ not leu
Ihan N I L
in n com~~y o~ companies nccepfa6~e to the morlgngee. t{~e po~Icy o~ pollctes to 6e tie~ 6y, and paya6[e
to, saic~ mortgagee, an~ in 1{~P euent any sum of money 6ecomes Poyabl~ 6y viNue o( tuc~ insurance fhe
mo?tgagee shall have tl~e right to ?ecetve and apply tl~e snme to the indebtedness he?~eby secured, aceounting
• to t{~e mortga~or ~or any surplus; fo pay a~~ cosfs, chQrges, ancl expenses, tnc~ucling lawye?s ~ees and tftle
searc{~ps, ~easona6ly incnnec~ o~ paid 6y ti~e mo~fgagee 6ecause o~ the faijure of the morfgagor to Aromptly
and /u«y comply wilh t~e ag?eemen(s, slipu~nlions, condilFons ant~ cove~anb oj said note and this mo?tgage,
or eif~e~: Io per(orm, comply with and nbide 6y eacle nnd eoery t{~e agreerrtenlt, stipu~nltona, condittona ancj
cot~ena + set forf~ in saie~ r~ote and f{~ts mo~tgage or eilher. ~n t{~e e~e~t t~e mortgagor jai~a to pay w~en
clue any tax, assessmenl, inswnnce premium or ol~er sum of money paya6~e by ~irtue of satd note and this
mortgage, or eilher, f~e morlgugee may ~y e1~e same, without wuiving or n~~ecting the option to jorec~ose
or any othe~ riAl~t hereunder, and all such payments a{~all 6ear interest Jrom date thereoj u! the f~ighest Iaw-
(ul rate iF~en allowecl by 16e laws o) t6p State oJ Florida
any sum oJ money herein re~erred b be not prompt~y paic~ within dnys next ajter
tl~e same 6e~-omes due, or ij each and every II~e ngreemenls, slipulations, conditions and covenunls o~ snid
note and ttiis morl9age, or either, are not jully perJormed, complied witk nnd a6~ded by, t/~en tf~e enlire
sum mentioned in said note, and lhis mortgage, or tl~e entire 6alance unpn~d thereon, shall /ortl~with or
tl~erea(ter, nt the option oJ tF~e mortgagee. 6ecome ~d 6e d~ ~d Poyab~, nnything in anid note or herein
to f~e contrary nolu~itl?stan~ing. Fceilure by Ihe mortgagee to exercise any oJ t~e rig~ts or options ~erein \
provi~ecl s~a~~ not constitute a u~aiver o( any righls or opfions unc~er saicj nofe or t~ets mortgage accrued or
f~ereu~tcr accruinp.
~n ~itness ~hereof~ tl~e said mortgagor l~as hereunto sigreecl and seeled f{~ese presents the
c~ny an~ year ~irs[ n6ove u~rilfen.
StgRP~. SPQ~P~ and dP~%I~P/P~ ~Il t~p PfPSPRfp OJ:
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, . I FAV
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ICA N ANNE FAVARO
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STATE OF ~ N~-.~,r~ ;
i . ~J~ ;
~ COGN7Y OF ~
~ ~J~ I HEREBY CERTIFY that on this day. betore me~ an i
; offi~er duly authorized in the Stat~ aforesaid and in the Cour+ty aforesaid to takr ackt~awkdgments, personally appeared
i
E DINO FAVARO and KAREN ANNE FAVARO, his wife
` to me known to b~ the pcrsonS described in and who executed the for~goinq instrument and they acknowkdged ~
~ beforc me that they cxecuted the eame. - ~
= VYI7'NESS my hand and o(ficial ual in thc County and Swtc last aforesaid this fd ';day~ RI. ~
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~'iL A. D. 19 73
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