HomeMy WebLinkAbout0481 and shall perJorm, rnmply wilh and ubide 6y ~~h ond e~~ery tl~e ae e ta
e hereb P c?efafed, h ll,ticea+s..
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covennnts !he?eoj. and o( l~is morlgage, fhen f~is mo?fgaf~e and f~e Y
Iermine and 6e null and void.
Itie mortgapor hern6y (urther covenants and agrees to puy promptly when due th~ princtpa~ and ~
inferesf a~d other sums of money prot~ided )o~ in ~aid note and Ihis mortgage, or eit{~er. fo pay n~~ and ~
singu~ar fhe faxes, assessmenfs, jevies. ~ia6i~ities, ob~tgaitons, and encumbronces oJ every naturo on sai~ pro- f
perly; to permil, rnmmit or su~je~ no u?aste, impairmenf o~ dafe?iorufion of ~atd bnd or Itie improvementi }
thprron af any time: to ~eep tl~e buildings now or he?rajter on said land f ully insu?ed tn n sum o( not les~ ~
I~QR S~.X Thousand and no/100------------'~$6,000.00) ~
in a company or componies accepta6le to the mortgagee, the policp o~ policies to be heW 6y, nnd n~ya6l~ ~
to, said moAgagee, anc~ in ttie euent any sum oj money becon~es Payn6t~ 6y virtue o~ auc~ inswance t~e i
morlgagee shall have the rigi~t to receive and apply the same to tl?e inde6tedness 1~~e ~Wy~ ~~s and tille
fo t{~e morfgagor ~or any ~urp~us: to pay a~~ cosfs, ckarges, and expenses. i?tc~cu~i^
sparches, reasonably incurret~ or paid 6y-IJ~e mortgngee 6ecause o~ tF~e lailure o) the mo?tgngor to promptly
nna ju~~y co?nPly w~fh ttie agreements, sfipu~ntions. conc~itions nncj covenants o( aatd nofe and t~ia mortgnge, f
or either; to per(orm, comply u~itk and a6ide by each und every the ugreements, stipulations, eondittons und 3
rovenants spi jorth in said note und tl~is morigage or either. In the e~ent the morlgagor Ja~4 eo ~y wl~en i
due nny tnx, assessmeni, insurance premium or of{~er sum o~ money paya6le 6y virtue o~ said note and t~is ~
morfgage, or either, t{~e mortgagee may pay the some, without waiving or a~~ecting the option to ~orec~ose ~
o~ any o~her rig1~1 F~e~eunde~, and al! such paymentt shall 6ear interest (rom date tl~ereo~ at the highest law-
~ul rate th~n allou~ed by 11?e laws of ihe Stale o/ Florida.
]F aid within thlrty day: next a/t~
Dl any sum o~ money herein re~errec~ fo be not prompi~y p
tl~p snme 6ecomes due, or iJ each and ei~ery the agreemenls, stipulations, conditions ond covennnta o~ snid , ~
note an~ this morfgage. or eilher, are not )ully perJormed, comp~iecl with ant~ o6~ded 6y, tken the entire ~
sum mentioned in said note, and this mortgage, or the entire 6alance unpaid thereon, shall (orll~with o~ ~
tl~ereaJter. a1 tF~e option of the mortgagee. 6ecome and 6e due and pnyn6le, nnytl~in9 in snid note or herein
to ftie contrs~ry notu~ii6stancling. Failure 6y ttie mortgagee fo exercise any of ttie rig~?fa or options herein
proi~ic~e~ s~a~~ no! t'unsfihite a tuairer oj any rig{~fs or oplions under sai[j nole or f~is ntortgage accrued or
iherpafter accruing.
~ the saicl mortgagor has hereunto siqnecl and sealetl these presenis the ~
~n ~itness ~hereof i
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~{Q~ an~ yNnr ~irst ahone u~riften. ~
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Sign~d, s~a~e~ an~ c~PIII~PfPC~ in the presence o(: ~ ;
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STATE OF FLORIDA,
~ $t. Lueie T}~EREBY CERTIFY that on this day. before me, an
GOti:`TY nF ~
offi~-er dulr authorized in the Statc aforesaid and in the County afor~said to tat~ acknowledgments, personally appeared
E. W. Stonecipher and Evelyn Stonecipher, his wife
~ to me known to he thr person S deuri}xd in and who ~zecuted the for~¢oinq instrument and they acknowledged
~ brfom me that th@y cxccuted the same. 18 th
day of
~~'IT\ESS my hand and of(icial seal in thr County and State last a(oresaid this
Marc h D~ 19 74 "
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