HomeMy WebLinkAbout1233 and shall pe~jorrn, comply u~i1F~ and nbide by ~h and eaery tf~e og~epmenls, slipulations, conditions ar~d
rn~~enants ~hereo(, and o~ this mortgaae, tl~en this mort~age and thp Pslate here6y created, shall cease. de-
tp~mine and be null and ooid.
71n~ f~e mo?tgac~ur 1?ereby /urfJ~er co~~eiiaRfs and ogrpes to pay promptly when due the principal and
i~teiesf an~ other sums o~ money proe~i~Iecl ~or in saicj nole and fhis mortgnge, or either; io pay a~~ qnd
sinnular 16e t~.res, assc~s~inenls, IPI~lPS, liobililies, obligations, and encum6?~ance~ o~ eaery nature on saicl pro-
perfy; to pc~rrnif, cammi! or su~Jer r~o u~asfe,~impairmenl or deleriorafion o~ saic~ ~and or fhe improt~ements
tlen~on ol nny time: to kPPp Ilie I~uildin~s now or {~ereaf t~r on said la?~d Jully insured in a sum oj not less
11~an •
in a t'ompany or companips acceplah~e l0 1~~~ mortqagee, ttie po~icy or policies fo be held 6y, ani~ pnyabje
to, saicl mortgnnp~. an~ in Ihr e~~enl anv sum o~ m~ruy ~ecomes payable ~y i~ir(uP o~ sucti insurnnce t~t
morlg~gPp shall ha~~e fh~ riqht to rrceive an~I apply fi~e anme to the i~debiedness he?eby se?cured, accounting
to f~ie morfga~or (or anv surplus: fo pav a~l cosls, charc~es, and expenses, inc~teding lawyers jees and tit~e
searc~PS. rpnsona~~~y incurre~I or paicr ~,y f~iP morfgaf~ee 6ecause o~ f{~e ~ai~ure o~ f{~e mortgagor lo prompi~y
and /ully- comply u~i~h 1{~e a~rne•mrnfs, $~ipt~lalions, cundilions and coi~enants oj said note and Ihis mortgage.
or eit~~r, to pPr~o~m. romply iviflr mi~ a~~i~o ~,y POf~ onct eaery fhe agreements, stipu~ations, rnnditions and
coe~c~n~nfs cet forl{+ in sai~ nofe anr~ I~~ic morlclage or eifher. ~n the event the mortgagor Jai~s to pay w~en
due eny ~ox, assrssmPnl, ins~aan~~ pr~miunt or ~t~~rr sum o~ money paya6le by virlue oj saic~ note a?tc{ this
mortga~e, or pith~r, .1~~~ morfya~pp may ~i~~ ih~ same, u~iftiouf u~aiving or aj~pcting t{~e oplion to jorec~ose
or ~ny oll~~r riql~t I~p~piu~der, anrl all ~u~ l~ p~nm~nis sI~aII 6enr intprPSt Jrom date tl~ereo( at t1~e ~ig~est taw-
f I1~ MIN ~~IPII Q~~OIPC~ ~)V ~'IP If111~S O+ ~~It• ~~tl~f' O~ ~~Orlf~il.
iL any sum o( mon~•y tiPr~in rr~rrrr~~ f~~ ~,P nof prompily pait~ wiftiin day: n~~zt a~ter
~F~~ som~ b~rom~.c du~, or i~ e~~~~l~ and ~r.~r~ ~h~ ayrepmenfs. slipulations. conditions and covenants oj snid
• notp and tF~is morf~~a~~. or ~ifl~~r, ~t~•.~iuf (ulh p~r/ormed, ~~mplied u~it?~ and a6~ded 6y, then tlte entire
sum mPnlioned in saitl note, and t{~i+ murl~~~~g~~, or the enfire 6alance unpaid tl~ercwn, sha~~ ~ortltwifl~ or
1{~nrpojtPr, a! 1~~~• oplion oJ iti~ morl~~uqor. ~~rcurttr an~ ~~e crue anc~ pnya~~e, anyl~ing in saic~ note or herein
' fo 1~~~ ~rn~Im?y nolu~il~~sfan~i~i~~. /=ai~urr ~~v 1~~~~ morlnagP~ lo exert~ise any oj tl~p rigtits or opfio~ts herein ~
pniri~~~~rl s~~~(~ nof ~•onslilul~ a u~ni~~~•r o~ ~nv ri~~~~ts o~ opfions trnc~er sat~ rtolP or f{tis motlqagP arcrued or
I~ir~on(1~•r ~~~-ruinq.
~~M`~J ~hereof~ I~eP ~tli~1 ?ilOt~Q(~q0? ~OS ~PfPiUi~O StryltP~ RIt~ SPQIP~ ~~PSP pleSPAIS l~P
(~AY (Ifl(I y~~ar ~I~S( O~IUI'P 11~ry~~P?1. ~
$(91tMj. SPQ~P~ O11~ ~P~IIaPlpl~ !I! ~~lP ~)lPC~•qfP U': J
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.._~RnO~.Q. ..~~1.~~¢.-f- _ "~11. ~!K_°.`f~..~_~........._ .
~~C~`.c~- (/~C.~~"C.cz~ ` - an~-~-~~-- ~!l~'~"." . ~
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STATE (1F FLORIn.4, ~
COL'\TY OF St. IuCl@
~ ( HEREBY CERTIFY that on thes day, before me. an
o(fi«r duly authnriied in the S~;it~~ aforesaid and in thr Count.• afor~•said to tak~ acknowled¢m~nts, penon~llly appqted
Dempsey M. and Barbara McLain ~
to m~~ knuwn to IN thr pi•twn (IPNf1IX(I in and Mho ezrrutrd thc Ior~qoin¢ ins~rununl and thsy" ~ arknoyyledRe,d ~
be~or~• tnc that they cx~cut~d th~ sam~. ~
~~'t7'\ESS m~• hanJ and offi~ial sral in th~• Count~• and St.~t~~ hst afuresaid ~h~s `3Ot~ ~ - ,.day'pf
July 4. D. ~973. 2s111~ = ~ ~ ~ =
t- ~ ~ 2' _
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i LED A?iu Nky' l1p - .
~ ~lJCif ~~~)UN~Y F~~, C(.'~ ' . - '
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HCCc R~1~ NOTARY Pt1ElIG STATE OF F[ORtDA~T ~~k0~
G~~r t~:~~)~' i,p~1Rfi MY COMMISSION EXPtRES APR~..)8.'19T~f~ •
Q~~~a'' ~r'•" ~~.w w~~ THRU GfNERAL INSURANCE UNOlRWR11[~!
Auc IO iC 4~ ~N'73 ~
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