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HomeMy WebLinkAbout1796 and shall pe?jorm, comply with anr~. a6ide by each and every the agreemenls, stipulatio~is, conditioru and covenanls thereoj, and oJ tl?is morfgage, then fhis mortflage and the eslafe hereby c~aled, shall c~ase, de- termine and be null and void. ~ ,~~..r ~ the mortgago~ hereby jurther covenaRls and agrees to pay pronipt~y~ wl~en ilue t~'e prIncipal nnd interest anc~ other suma oj money prouided f or in safd nofe and ttiis morfgage, or eit{ier; to pay nj~ nnd singulnr the taxes, assessments, leuies, lia6ilities, o6ligations, and encum6rances o( every nature on said pro- periy: to permit, commit or su~fe~ no wasle, impairment or cleferioration o~ saicr ~anc~ or i~e Improvements thereon at any fime: to keep tF~e buildings now or hereaf ter on said lo«d (ully i~sured irt a sum of not less fhan the full insurable amount. in a company or companies accepta6le 1o Ihe? mortgagee, Ihe policy or poltcies fo 6e held 6y, and ~ynble to, snid mortgagee, and in !~e event any sum o) money 1?c~comes paya6le 6y virtue oj sucl~ insurance the mortgagee shall ?~ave the right to receive and apply the same fo IF~e inde6tedness F~ere6y secured. accou~ting to I~e morlgagor ~or any swpliu: to pay n~l costs. cha?nes, ancj expenses, inc~uc~ing ~awyer s jees anc~ tit~e searches, reasona6ly incurred or ~~d 6y thR mo~tgagee 6ecause oj !6e (ailure oj the mortgagor to promptly and f ully comply with the apre~ments, stipulations, conditions and covenants of said note and Ihis mortgage. or eitl~er to perjorm, comply with nnd abide by each nncl euery the agreements, sfipulations, conditiona and oovenants set forll~ in said nofe and fhis mortga~e or either. ln tl~e euent the mortgagor jails to pay w{~en c~ue aay lax, assessment, insurance premium or ot{~er sum o~ moRey poya6le 6y virfue oJ said nofe anc~ fhis rnorfgage, or either, the mortgagee may pay fhe same, without waiving or af(ecting the oplion to (orec~ose o~ any other right hereunder, and al~ such payments shal! bear interest jrom date thereo( at the highest law- f ul rate then allowed 6y the laws oJ the State oj Florida. 1` any sum oj money herein re(erred to 6e not pro:nptly paid within 30 cjays next a(fe~ the same 6ecomes due, or ij ench and every the agreements, slipulations, conditions and couenunts oj said nole and this morlgage, or eitl~er, arp not jully ~~jormed, complied with and a6~ded by, tl~en the enlire sum mentioned in said note, and lhis mortgage, or the entire bnlance unpaid thereon, shall jorfhwith or thereaJter, at the option oj 1he morfgagee. 6ecome and 6e d~ie and paya6le, anytl~ing in snid note or herein ~ lo ihe contrary notwithstancling. Failure by t{ee mortgagee to e.rercise any or t{~e rig{~ts or oplions herein ~ provic~ecr s~nl~ nol consfitute a waiuer oJ any rights or options uncler said note or f{~is mortgage ncctuec~ or ~ . thereaf ter accruing. ~ . ~ : , . i'. - . . ' _ - - ' - . - j . . ~ y . - ~ ~j{~~ F _ ~'(~bYtPO/2rtTF. ~n ~~tness ZVIKLL~` fhe mortgagor {~as causecl t~ese presents to ~S'E~1L) 6e executed in its name, and its corporate seal to 6e hereunto a//ixed. 6y ~rs ` ' L~. ' ro er o icers thereunto dul autl~orized, the da and ear ~rst a6ove written. P R . y y y 1' ~ - , UNIVERSAL ADAMS, INC., a Florida Corp ~ , ; ~-~-r ' - • . - - - - - - ~ " s T Se~crelary . ~ $igned, sea~e nn ~~e~iverecl i ~e presence of _ ~ ' , . [3~ - - . . vJ ~ E ~ President ~ ' - - ` ~ ~~y~ FILED Atl ~ yfCflRD£0 - ~ fT_lUClc. ~011f1~'f ~U- l ltOGci~ ~'~itRAS CLERK Ctt••C~~t ~4URT ~ RECQ~n YE~'FSfD~----~ ~8449 ~ • II 58 AM'~~ 4 ~~1~ Of - ~OUtI~IJ Of ~~'V`.`'`~-e- ~ k I HERFBY CERTIFY Ihal on 11~is dav. Fx~on mv. an o(~icrr rlulr aull~ori:Rd in tf~e ~ate Counlr a)onwid to lal~e aclrnou~~eJp- ~ rtwnls. persorwllY aP/^~~ /~~G~i~ ~j / ~1 `~'r ~ I! ~ ~ 1' ~~v~~ ~rnou~n lo mr l0 6e I~r (J~~,~- ~?psi~nt aru~ ~ re~~rrcfirn~y o~' Iti~ cor~wralion namr~ m ~f mor~guqor in t~~ ~orpgoinq insln~rtwnt. a~d ~h~ ih~y srrero~~y ac~nou~e~~gre~ ececutinq Ihe , in !tie prexner o~ lu~o subscritiing utilnews. 3'% ~rer~y ona ro~unfan~y ururrr aut~orily ~~~~y reslrJ in I~~em ~y saiJ cv?~wrulion an~ ftiol ttie sea~ u~~carcl 1{~erelo is thr true c'wporufe srol o( ~ i i saia curporalion. ~ ~ ~ ~ ~VfI'~'~FCS my I~arul and oJ~icia! seal in the Cw~n1~ and Seate lasl a~aP~d ih~. ~a ~ da7r o~ LG~e- . ~ ~ A. f). i4 7~. 1 • ' ~ ~ ; , . - ~ ~ M ~ ' ` ~ C`r. ,,:...i ; ~ ~ • _ , : C.~ ~ ~ . ; . o ~i 6 ~ ~ - - - - - - - - G= 'Y 7~ { .y~y Commission Ex ires A t. y~~ ~ - ' : ~ 5~?~ 374 ~acE1627 a p . ~Q: ~ _ ~ , . ~ cr~ a I pR 28 PAGE 1~~. ~ 80Glt~ ~ ~ ~t ' , --~1 ~ _ . z - - _ ~ X Y~x ~4' ' ~ ~ ~.~~'t~"~^`~-."~z:~ ~ ~`~~~`&SS`. . ~ _ _