HomeMy WebLinkAbout1581 anc~ s{~aII per~orm, comp~y wilh ana abide 6y each and ei~ery t~e agreements, ~ttpu~atton's, condillons unc~
co~~enanfs tl~ereoj, ancl o/ Ih~s morfgas~e. I/~pn this morlgage an~l !he pstate 6..~by c?eatecl, shall ceme, de-
IerminP ancl I~e nu~~ an~ i~oi~. '
Ii~ ttiP morlgagor hen+6y ~urf~er covenunis and agrees fo pay proSnpt~y when due fhe principa~ and
inferesl and ot~~nr sums o( mo~iey proni~ecl Jor in snic~ nofe and fhia mortgage, o? eil{~er; to p~ ane~
singu~ar li~e taxes, assessmenfs, ~eaie~, ~ia~,i~ities, ob~igations, anc~ encum~?mnces o~ every nnfure aaid pro-
perty: fo permit, commit or su~/er no u~nsfe, impairment or defe~ioration oJ saia land o~ fhe im ~vementa
fhprncn af any fime: fo ~reep f~ie tiui~~~in~s nou~ or hprna~l~r on said land ~u~~y insure~ in a surri oj not ~ess
tf~an highest insurable value
in a cone{xiny or compani~s acceptah~e to I~e morfga~ee, the pa~icy or po~icies to he held by, and paya6le
to, saic~ morlgage~, an~ in the enenl any sum o~ money 6ecomes payab~e 6y virtue oJ such insurance f~e
mortynf~ee Shall ha~•p tl~e righl to receive and apply the same to the inde6tednesa {~ere6y securecl, accou~i:ng
fo Ihe morfga~or ~or ony surp~us: fo pay a~~ costs, ctiarges, and pxpenses, inc~uc~ing ~awyer s~ees ancj tit~e
searches, rPasona6ly in~r~rre~ or ~~d 6y ~hp mortgagee becnuse of I~e jai~ure o~ fhe mortgagor fo prompf~y
ana ~u~~y comply u~itl~ the apreements, sfipu~afions, con~ifions ane~ covenants o~ said note nncr f{~is morfgage,
or either: to pe~Jorm, comp~y wifh anc~ abic~e by each an~ every !he agreements, stipu~afions, eo~ailions and
covenanls set ~orl~ in said note nnc~ lhis morfgnge or eittier. jn f/~e event Ihe mortgagor ~ni~s to pny w~en
due any ta.r, assessmenl, insurance premium or otl~er sum of money paya6le 6y virtue oj said nole and t/~is
mortgage, or eit~~er, If~e mortgagee may pay t{~e same, wifhoid waiuing o~ a~fecling t~e opfion fo ~orec~ose
or any other ric~l~t {~~rPU?ider, and aIl such payments shall 6ear inlerest jrom date fhereoj at Ihe bighest law-
(ul rate Ihen allou~ecl by f1~~ lau~s o~ the State o) Floricra_ ~
nny sum o( monev herein te~prre~ to ~e nof prompt~y paic~ wittiin Fifteen aays next a(fer
tF~e same bpcomes due, or if each an~I enery Ihp agreements, stipulalions, conditions and covenants of said
note ~nd IF~is mortqaryP. or ~ither, are not /ully per)ormed, complied wit~ anc~ abtdpd 6y. tl~en Il~e entire
sum menlionecl in snid note, nnd t6is mortgnge, or the entire ba~nnce unpaid thereon, s{~al~ fortl~u~ith or :
tF~erea~fer, at t{~e option o( ihe mortgagee. 6ecome and 6e due and paya6le, anything in said note or I~erein
to t~e conlrary nofu~ill~sfancling. Failur~ {~y I~e mortgagee to exercise any o~ fhe rig~ts or options ~erein
provic~ed s{~a~~ not constilufP n ivai~~er oJ any ri,q{~ts or opfions un~er saicr note or t~is mortgage accruac~ or '
1{~preaJler at'cruin~~.
~n ~itness ~hereof £
~ Itie said morf~agor I~ns {~erPUnto signed and sealed these presents the
~ay anc~ yPar Jirsl atio~~e u~rilfe?i. _
Sig~ , s~a~~~ ancl c~p~i~~ in. prnsencP o~:
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, ~ = VIN O. MacNAt ~j` ' ;
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~ STATE OF , ~e ~-~µ7
~ COC\TY nF ~
~ I HEREBY CERTIFY that on this day~ be(ore mt, an
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~ o(ficer duly authorized in the Stat~ aforesaid and in the County aforesaid to tak~ acknowledgmenu, penonaily appeared
~ MARVIN O. MacNAi3GHT and JAQUELYNE G. MacNAUGHT, his wife
~ to me known to be the personS described in and who ex~cuted the for~going instrument and t,}1e~/ acknowkdged
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~ before ?ne that ~eY ~x~cuted the same.
~ ~~'IT~ESS my hand and o(ficial seal in the County and Stat~• last aforesaid this ~y~ day o(
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~ AuCJust~ A. D. 1973. ,
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