HomeMy WebLinkAbout0370 an~ sha~~ perform, comply u~If~ and abi~e by encti onc~ ei~ery fhe ag?eemenii, ~Npu~otlon's, condttiops nnd
coi~enanls !leere~?~. a„d oJ Ihts morlgape, fl~en thii mortguge and Ihs esfcte I~..+eby cTeated. ~{~all cea~s, d~-
fermine and ~e nu« ant~ iroicr.
~ f1~p mortga~or hen?6y (w11~er covennnts nnd agrees fo pay prompfly when c~ue fhs principol and
tnleresl and ofher sums o~ money proui~ed ~or in sutd note and ttits moNgage, or eil~e~; fo pay a~~ and
singu~a~ li~e la.res, assessmenls, ~evies, ~ia6i~ilies, ob~iguftons, nnd sncumbrnncea ol euery nalure on satd pro-
perfy: fo ~ermif. commif or su~jer no waste, ~mpairmenl or c~eterionalton ol :otd bnd or the impwueinenb
therecn at any lime; to k~p Ihe 6uildings now or hereaf ter on said land jullr inaured in a aum oj not less
than
in a company or compani~s nccppta6le fo fhe mortgagee, the policy or policies to be held 6y, nnd pnynble
to, said mortgagee, anc~ in Itie e~~ent any' sum of money 6ecomea ~yQ6l~ 6y ulriue o~ auc~ tnaurance the
mortgagee shall have ll~e right lo rc~ceive and apply the same to the inde6tedness hereby secured, acc~ounting
to f{~e morfgago~ ~or any surplus; fo pay a~~ costs. c~argea. anc~ expenses, inc~ud~ng ~awyer i jeea and tit~e
searcties, ~easona6ly incurre~ or paid by tF~p ~nortgagee because o~ !~e jailure o~ f{~e mortgago~ to pro~npf~y
_ _ and_luUy-oomp~y-wit~ !he-agraem~nts~-stipulations.-~itioru-~-couanants-o~-sa+d-not~- nnd-lhis-morl9aga----
or eilher: !o per~o~m, comp[y with and nbide 6y each and euery tl~e ngreemenfs, sllpulalions, conditions and
covenant~ set fo~l{~ in saic~ note nnd this mortgage or eit~er. ~n the event t~e mo?tgogor (ai~.s to pay w{~en
due any tax, assessment, insurance premium or other sum oJ money paya6le 6y uirtue of said note and this
morlgage, or eifhe~, I~e mortgagee maq pay !~e same, wifhout wniving or a~Jecting the opfion t{~ (orec~ose
or any other right I~ereunder, and alI such payment~ sl~nll 6ear interest ~rom dale thereo/ at tbe Righe:t Inw-
f ul rate ~hen alloiued by thp lau~s o~ t{~e Statc? o) Florida_
~L ariy se~m o~ monPy herein re(erred to be not prompt~y paid wit~in thirtv (30~aYs next a/ter •
fl~e same 6PCOmes due, or if eack and euerq the agreements, slipu~afions, condifions and covenants oj snid
~otp and ~his mortgafle, or either, are not /ully perjormed, complied wit1~ ancl a6ided 6y, tF~en ti~e entire
sum menfionec~ in sai~ nofe, ana t~is mortpage, or ttie entire ba~ance unpnid l~ereon, s~n~~. JoM~wifb or _
thereaJter, at the option oj the mortgagee. 6ecomp nncl be due and payab~e, anytl~ing in said note or l~e~ein
fo fhp confrary notu?itF~stancling. Failurp 6y ~hp mortgngee !o exercise any of fhe righfs or options {~erein
provicled stia~~ nof conslih~fe a waiver o~ any rig{~ts or options undpr said nofe or t~is mortgage accruec~ o~
Itiereajler accruing.
Dn ~~LII`~ ~~[`LO~~ l~~p saic~ mortgngor has hpreunlo si,qnec~ an~ sealec~ lhese presents t~e
~ay an~ year Jirst nLo~~e u~riNen. ~
Sig , se led and deliner n fhe prese cp o~:
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~ STATE OF A(J~[ ~ NEW JERSEY ~
~ COU:~TY OF 7
I HEREBY CERTIFY that on this day, before me, aa
offic~r duly authorized in the State aforesaid and in the County afor~said to takr acknowledgmenu~ peraonaUy appeared
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~ Michael K. Fostik and Agatha M. Fostik, his wife
to me known to be the persong described in and who executed the (oreqoinq instrument and who . aekAo~?k~d~ed
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~ b~(orc me that ~16V exccuted the same. . ~ ~
~ "1;'VESS my hand and of(icial seal in the County and StatP last aforesaid thu ~y,o~:; ~
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~ A. D. 19 73. L~'~`• ~ • ii ~
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