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.
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~ 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
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thereaf ter accruing.
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_ ~'(~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
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~ " s T Se~crelary .
~ $igned, sea~e nn ~~e~iverecl i ~e presence of _
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. . vJ ~ E ~ President
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` ~ ~~y~ FILED Atl ~ yfCflRD£0
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fT_lUClc. ~011f1~'f ~U- l
ltOGci~ ~'~itRAS
CLERK Ctt••C~~t ~4URT ~
RECQ~n YE~'FSfD~----~ ~8449 ~
• II 58 AM'~~ 4
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~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 ~
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~ 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. ~
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~ ~ ~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- .
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