HomeMy WebLinkAbout0176 ' • • -
and sl~all ~~r/onn, co~nply ~~ith u~u1 aLidc by cnch u~id eccr~ tGc u~ncmenh, stipulutioru, conclitio~u ond
covenants therco/, and o/ this rr~or~~;a~e, t1~en t1~is moN;;u;;e u~ul Nie estute licrcbr~ crcated, sl~all cease, de-
termine arul be null and ooic/.
~ ~ the mort~;a~;or I~ereGy /urther cooenunts a~u! agrees ~o }?a~ promp~ly w1~en due die princi~wl arul
interest orut other sun~.s of mo~iey provuled /or in said nate ond this mart~;age, or eitl~er; to pa~ alJ and s
singular the taxes. assessme~~ts, leuies, liubilities, obli~;otia~.s, and eiictunbrnnces o/ euen/ ~wture on saki Nrop- ~
erty; to permif, com~r~it or st~~er no icaste. im~wirment or deterioration o~ soid la~ul or the imYrooen~ents ~
thareon at any time: to keep the Guiklinks now or I~ereu/ter on saicl land /ully insured !'n a n~m of not less
thQ„ Forty Four Thousand and no/100 Dollars ($44,000.00)
n nnms~nnu ne rmm~nniac nrrouln~~~n In t~~P. »~nrtrnnee_ the i~licu or iwltcies to Le held bu. Q?1[j IH1Ua~~ ~
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to, said mortgagee, aru~ in the euent any su?n of money becomes ~wyable l~y vir~ue of sucl~ i~uarance the ~
mortgogee sl~all haue tl~e ri~;ht to rec~ei~e a??d appiy the sarae to the irulebtedness l~erel,y secured, accounting ~
to the mortgogor for any n~rplus; to ~wy a!l costs, char~;es, ond expersses, ineluding lau;~er's fees a?ul titie
searcl~es, reasoreably incurred or }wic! by the mortgagee f,ecause of die farlure of l1~e mortgogor to promptly
and fully comply u;ith the agreements, stipulatioru, co~ulitioru a~u! couerwnts of saul rwte arul this mortguge,
or eitl~er; to perform, compl~ uith and abide by each and ecery tl~e a~;reenients, stijnrlations, conclitions and
covenanis set forth in saul note oiut t1~is mort~age or eithcr. In the event the mortgaoor fails to pay ichen #
due an~ tux, assessment, inswrance premium or other sum of money payable by virtue of sau! note and this 4
mortgage, ar either, t/ee mortgasee may pay the same, without tiaiuin~; or a~ecting the option to foreclose
or any other right hereunder, arul all sucli jwyments shall Gear interest from c(ate thereof nt fl~e hi~l~est law-
ful rote then allowed by the lau%s of ihe Stute of Floricla.
any s~uii of money herein re%ned to be not promptly paul ~cithin thirty days next after
1 the same becomes due, or if euch and every the ugreements, stipidatio~u, co~ulitions a?ul covenants of saul -
note onrl tl~is mortga~e, or either, are not fulltJ performed, comptied ~cith a?ul abu~ed by. ihen the entire
surn mentioned in saul note, anct ihis mort~;age, or the entire l~alm~ce e~njwid thereon, shal! forthwitl~ or
thereafter, at tlie option o~ d~e mortgagee, become and lie due and Jwi/ohle, anytliing in said note or herein
to t1~e contran~/ noticit?~standing. Failure ~i~ the mort~ogee to exercise an~ of tl~e -righis or options lierein ~
prouirle~i sliall not constitute a icaiver of any ri~;hts or options u?uler said note or this mortgage occrued or
thereafter accruing. - ~
-~n ~~0`~ ihe saic! mortga~;or has lieieunto si~;ned ancl sealed these presents t1~e
day and year ~irst alioue icritten.
!
Signed, sea d and delioered in the presence of: i `
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~ STATE OF f~C~1, 01~~ O ~
~ cou~~rv oF W,a y~/E ~
~ I HEREBY CERTIFY that on this day, before me, an
~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknow~leclgmentc, personaUy appeared ~
~ Phillip E. Dallman and Don J. Grossniklaus, each a married man ;
~ to nu• kin~~~ n to lx~ IIN~ {x•rvin d~•u•ri{x•d in and IN~ r~~t•idi•~I Iln• (um~:oin}: in~trum:•nt :tud they :~ektxi~~•letl~ed €
Ix~fort• nx• tle~l they 1'\lY'li~Cll ~I?C ~:IIiN•. `f
\~'Pf\F.titi my h:tnd :md ulFici:d x:J in tln~ Co~~nt~- an~l titatr L•~ct :?fun•~:tid this Z Z ± da)• of
~ ~ A. D. l~) 7`~
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