HomeMy WebLinkAbout0627 ond shal! perform, comNly icitl+ and al?ide l,y cucli a~rd cucr~ tlie u~rcentcnls, stiNulation.s, conrletions nnd
cpvenants ihereo/, arui of this nrort~;o{;e, then thls ~nort~;a~e u~ul the estate bereLy created, shall cease, dt-
termhie a?u! 1ie nall and void.
~ the mortbagor l~ereby furtHer couenants aul a~;rees to pay promptly when due the princtpal and
~aterest Qrut other sums of money prooided for in said rwte and tliu ~nortgage, or eitlier. to pay ul! and
si~?gular dte taxes, assess~nenls, leuies, lioGilities, obli~atio~u, a~ul encumLrances of eoery ~wture on soid proN-
erty; to permit, commit or su~er no u:aste. ~mpairment or deterioration oj said land or the imNrovements
thereon ut any time; to keep tlue buildings now or hereo~ter on said land fuUy iruure~I in a sum of not less
than FORTY FNS THOUSAND AND NO/100-------------------~--------
in a company or cbmpanies occeptahle to the mortbagee, fhe policy or po?tciea to be helct by, and par~uble
to, sdid mortgagee, a?ul in the event any sum o/ money beco~»es jwyable Gy oi~tue of such insurance the
mortgagee shall haue the ri~ht to r~eceFae arul apply tl~e some to the irulebtedness liereby secured, accounting
to tha mortgogor for any se~rplus; to pay all costs, charges, and expenses, including lawyers fees ancI title
s+earches, seasonably incurred or pakl by the mortga6ee Gecause of the failure of ihe mortgagor to promptly '
and fully comply uith the agreements, stipulateons, corulitions a~u! co~enants of soid noie unct this mortgage. -
or etther; to perform, compiy with and abide Gy each aru! eoery tlie agreenuents, stipulations, conditioru and
cavenants set forth in satd note and this mortgoge or either. In the euent the mortgagor fui~s to ~ray when
due any tax, as~essment, insuronce premium or other sum of mone~ payal~le by nirtue of s+aid note and this
mortguge, or either, the mortgagee may pay the same, u,~thout uaining or a~ecting the option to forecbse
or any other righi hereunder, and aU such ~ayments s1iuU Lear interest from date tliereof at the highest bw-
ful rate then allowed by the laws of the State of Florida.
` thirty
` uny sum af money heretn referred to be not prompfly pe~fil within days next after
the same 1~ecomes due, or if each and every the ogreements, stipulations, conditions and covenants of said
note arui ihis mortgoge, or either, are not fuUy performed, complied u;itl~ and abided ~by, then the entire
sum mentioned in saicl note, and this mortgage, or ihe entire balance un~wid therean, shall forthwitle or
thereufter, at the option of the mortgagee, become and be due a~ut paya6le, anything in said rwte or herein
to the controry notu:ithstoruling. Failure by the mortg4gee to exercise any of the rights or options herein
provicled shaU not constitute a uai~er of uny rights or o~tions under said note or ihu mortgage uccn~ed or
thereufter accruing.
~n ~~Q~ the said mortga~or has herernto signed and sealed these preseats the
day and year first al~ove written.
Signed, sealed anci del' re t presence of:
--X
G~' ` ? ~--~~%sv~~ll~~~
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' ~'A~~.Z1F ~~f[A~IDA,
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; ~~\G I HEREBY CERTIFY that on this day, before me,. an
;~~o~r dyly.~zeci in the State aEoresaid and in the County aforexaid to ta1;e acknow•ledgmenis, personaity appeared
v . - .
~~'f., .~~E"'~,"[ T. L. Sloan and Joann R. Sloan, his wife
; . S they
i to n{~P`~~wn~•n to Ix~ the prrcon de~a•rilx•d in and ~+~M~ i•~iY•ide•d flx~ fnn•~:oiuk i~stnunent :uxi ackiw~~•IeclQecl
i~efore u~e that they r~i~c•~~te~cl the~ .:u+K•. j
.
~VITtiF.tiS my hand .md of&ci:d se•:d in e~~- c.~~~~~~:y anc! titatr I:ict af„nwa;d this ~ day of ,
t n. u. <<~ 73 j
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i CIERI~. Ct~:~UtT COURT :
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