HomeMy WebLinkAbout1484 and shall per~orm, comply wifti and abide Tiy eat•h an~{ eoery fhe agreeme~fs, ~fipu~allo~u, rnndifiona urtd . j
c~ovenanfs ftiereo~, and o~ ltiis mo~tgage, I~e~ Ihia mwtgage ond Il~e eatafe h.~6y crealerl. atia~~ ceaie, ds- ,
termtne and be null and uo1d.
ii~ ftip mortgagor tien•dy furttier covertants and ag?ees to pay prompfly when d~:e ll~e p?inctpnl and
tnfe?est anc~ ol{~e~ sunu o~ money prou~dec~ ~or in saicl ~ote nnt~ f~ls morlgage, or eIltisr; fo pay a~~ and
stngu~ar t1~e taxps, asse~smenls, ~ei~ies, IIa6ilitiea, ob~igaliont, nnd encumbr+ances o~ eve?y ~afure on said pro-
perly; fo permif, rnmmt! or su~~e~ no wotte. tmpairmenf or dete~ioralton o~ antt~ ~and or ftie improvementt
fherron at any time; to Ireep tl~e 6uilding: now or he?eo~ter on said Iand ~ully insured in a swn ~g nol Ieis
~~1°" full insurable valt~~ •
tn o co~npany o~ compnniea accepta6 o fo the mortgagee, 1he poltc7r o~ poltcie~ to 6e held 6y, nnd paya6le
to, satc~ rrio?tgngee, and i~ f{~~ event any sum o~ monay ~comea ~yable 6r virtue o~ suc~ insurance fi~e
mortga9ee shall have Ihe ?igl~t to receine and opply tl~e mme to the indebtedneu l~e?e6y securod, aceounting
to the mortgapor /or any aurplw: ~o ~y all oo~a, cl~a~gea, and expenses, tncludtng Iawyer's /eei and title
seaerhPS. ?easona6ly incur?ed or paid 6y tl~e morfgagee 6ecnuse o/ tl~e jai~ure oJ the morlgagor fo pron~pfly
and (u~~y comply wifk f~e agreemenft, sfipu~nftons, conc~itions and covenanfs of said note ancr t~is moHguge.
or eil~er; to perf
orm, comply witl~ and a6ide 6y each and e~ery ihe agreantents. sNpt~ntto?u, condittons and
covenants set lorfti in said notQ and f6is mortgage or eiltie?. ~n ttie event f~e mortgagor ~ai~s to paq when
due any tax, assessment, insurance premium or otl~er sum o~ money paya6le by v~rtue or aaid note and thts
mortgage, o~ eifher, ftie mortgages may pay ~?~e same, wtfhouf tuatving or n~jecting Ihe optton !o (or¢clote '
or any otl~er rigl~! I~ereunder, and all such payments shall beur interesl /rom date 16eneoJ at the 6tgl~est law-
/ul rate tl~en allowed by the lowa o/ 1he State o/ Florida.
J~ any ~um o~ money {~erein re(erred fo be not promptly paid wit~in thirty dayt next a~ter
fhe same-6ecomes due, or if each and ei~ery the agreements, stipulnfioru, conditions and covenants o/ snid
note and t6is mortgage, or eitl~er, are not jully per/ormed, complied wi1h; nnd a6tded 6y, tl~en !he entire
sum mentionee~ tn said note, and f{~is morlgage, or the entire ba~ance unpaic~ therron, sl~all ~orlhwitk or .
therenfter, at the optton oJ tl~e mortgagpe. 6ecome and 6e due and paya6le, anytl~ing in satd note or heretn
fo t~e confrary notwiftiafanding. Fai~ure by t~e morfgagee fo exerrise any of the rigtitt or options ~e?ein
proni~ec~ s{~n~~ not consiifule a waiver of ony rig~ts or opfions under snid notp or f~is ntwtgage accn~ed or
f~ereo~fer ac~ruing.
sn ~~Ll1~ 1he satd mortgago? has {~ereunto signerl anrl sea~ed theie preaenfa ttie
~ay anc~ year ~int a~ove written.
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Signed, seat~[ a?~d del~~~p.Pd in the p?esence oJ: ~
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! - Paul F. Schwanbeck
~ I-~~r~
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As to Mr. Schwanbeck
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~ STATE OF FLORIDA, ~ .
coutv~rv oF Indian River
I HEREBY CERTIFY that on this dar. betorr me, an
of(icer duly authorized in the Statr aforcsaid and in the County a(o?esaid to tak~ acknowkdgmenb~ penonallp appeared i
PAUL F. SCHWANBECK, a single man, ~
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to mr known to be the penon described in and who executed the torrQoing instrument nd }le acknowkdaed ~ g
~ be(ore me that he cxecuted the ume. ~ ~
~ WITNESS my 6and and of(icial seal i~ the Cou~ty and Swte last aforesaid thi dar d ~
a A. D. 1973 ` . ~
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~ filEC ANo RE Q~pE` Q~/~.~h1 - " : ~ . - _
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~ tT.lllCtE CO~T~ ltA. ------------y--~-----~-~------ ~ _ ..a..__ , = -
4 ROCER PJ1T1U~i ~ Notar Public Stat~$' ~~F1Qric~a _ d~
~ CIE~K C1itCU1T COIiIIT at Large . My Commi~sipn e~t-p~res : '
4 RECOR~ VER:FiEO . . o~ !
G Auc 13 3 3g PM'73 ~ur~m hleuc. s~~tE a ftOa~M ~L;A~~~E~~~ my ~
YY OONMISSION EXMi~ ~B. 9 1476 : ~
dONOfD iHR~ IMSURANl~ tM10ERwRtTE~i ~ ~
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; I~ris I,uin~»,c~rt prcpnrr~! hy: Lawrence A. Barkett s
E A~~~~~.~ of Gould, Cooksey, Fennell, Appleby ~
~ n McKinnon, Professional Association ~
~ BOOK~r~~ PAGE1~~ P• 0. Box 760, Vero Beach, Florida 32960
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