HomeMy WebLinkAbout0281 an~ shall pe~(orm, comp~y u~ith and a6ide by each and ei~ery !~e agreemenls, sfipu~aftoni, condtfiona and
co~~enanis the?poj' and of tl~is mort~as~e, Ihen Il~is mortgng~s and tl~e eatafe he.+~6y c?ealed, •hull ceass, ds-
tp~mine artd 6e nu11 and ~air1.
nl~ IhP mortgaflor he~~+by furf~e~ covenants and agrees to pay promplly when due the princtpal and
interesl and ofher sums o( money providec~ (or In saicl nofe ant~ fhti mortgage, or eiftier; lo pay a~~ and
singu~a~ the ta.rPS, assessmenfs, ~eules, ~ia~i~ifie~, ob~tgations, and enrumbr+ances of every nntwe o?~ said pro-
perfy; fo pe?mtf, commif or su~fer no waste, impairmenf or c~eterioralton o~ aaid land or Ihe improvemenfs
lherec~ a1 any.time: to ~PPP Ih@ ~uilclings noiu or herea(te~ on sutd Iand /ully tnsured in a sum of not less
ihQn full insurable value.
in a company or companies accepfab~e to Ihe mortgagee, ihe po~icy o~ po~icies to 6e ?~eld 6y, onal pnyn6le
to, sala morfgagee, an~ in !he event any sum ol mo~ey ~ernmea Poya6[~ 6y virfus ol sucti insurance fhs
morlgagee sl~nll have fl~e right to receive and npply tke same to tl~e inde6tedness I~ere6y secu?ed, accoi~niing
to !tie mortga~or (or any surplus: to pay a~~ cosls, chaopes, anc~ expenses, incjuc~ing ~awyers fees and fil~e
searrF~es, reasona6ly incurrecl or ~~d 6y ~I~F mortgagee 6ecause oj the ~ailure oJ the mortgago~ to promptlr
- and Ju~~y comp~y wtfh t~e agreemenls, stipu~afions, con~itions an~ covenanfs oJ snid note nnd t~is mortgage.
or eit{~er: lo pe~/orm, comply wifh and a6ide bq each and every the ag?eeme~ls, stipulations, rnndittoru and
covenanls sef jorfti in said nole and l~ts mo?tgage or eitker. /n the event fhe mortgagor ~aiu to pny when
due any tax, assessment, insura?1ce premium or otl~er sum o~ money pnyab~e by~virtue o~ said note ~d ~his
morlgage, or eit{~er, t~~e mort~agPe may pay ftie same. without wnfuing or n(Jecting f~e option to ~orec~use
or any olher rigl~l l~prPUnder, and all suc6 payments shall 6ea~ interest ~rom date thereof at !he I~ighpst lau~-
(ul m1e then aUou?etil I~y Ihe ~a~rs of fhe Stote of F~orida.
l` nny sum o~ mon~y herein re~errec~ to he not prompt~y pai~ within (30)~ays next n~fer
• fhp same becomes due, or i( O~CR and euery fl~e agreemenls, sfipulafions. conclilions and covenanls o~ said
note and i{~is mortgnge, or pitF~er, are not f ully pprjormecl, complied will~ ancl aF~ided 6y. ll~en fhe entire
sum mentioned in said notP, and this mo?tga~e, or the entire balance unpaid thereon, shall _ jorthwilh or
fl~erenfter, at Ihc~ opiion o) fhe mort,qagee, becom~ and 6e due and poya6le, anytl~ing in said note or I~erein
to fhe conlrary nohuilhstandinq. Failure tiy !{~e mortgaqee fo exercise any of t~?e rig{~ts or options herein
pronic~ec~ s~~a~~ nol consfilutp a inaiver o~ any rig~ils or options uncler saic~ nole or this morfgage nccruec~ or
t~~ereaJler accruing.
~n ~~~~s ~hereof~ ' Ih~ said mortc~agor ?~~s {~ereunto sic~npcl and seuled these presents ftiP
c~ay anc~ year Jirs! a~~o~~e ~rritien. ~
Si ~PCI. sealed an~1 d~1i~~erc•d in IF~p presi~ncp o): ~ .
-.7:~---^-~e~ ~~...:..y~o'z~ - -
- ~ - . _ - - ~
, C/ R~!y~mo~d G. Phillips ~
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~ ~ral A. Phillips ~
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~ STATE OF FLnRiDA, ~
~ Cnl,':~TY ()F
I HEREBY CERTIFY that on this day, be(ore me, an
officer duly authorized in the Stat~ aforesaid and in the County aioresaid to tak~ acknowledqments, p~rsonalfy appeared
Raym~ryd G. Phillips and Cbral A. Phillips, his wife
to me known to -br the prrsonS describ~d in and who execut~d the forc¢oinq instrument and ~l~acknowledqed
before me that u+~I ~x~cuted the same.
1~'17'\ESS my hand anc! o(ficial seal in th~• (:ounty and State last aforesaid this / 9 . day of
~~r~ A. D. 19'JQ.
,
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~D~~R +~~tR~t S ~~RY PUBUC, STATE of FIORiDA at URCE c
~ c`ERK g~~CW~ CO~~ co~tMissiort EXPIRES APP,. ~
Ft4 ~ 11. 1973 . k
~ ~f~OR~~E ~~1~ ,~~,:~uu+~u?~~~~~ Bonded 8y American Bar~kers lr::~r>~-,: . #
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