HomeMy WebLinkAbout0557 and shnl! perjorm, oomply wttl~ and a6~de 6y eack and e~~..y the ag?eement~, stipulntions, condifioni and
c~ovenanta the?eof, and o/ this mo?tgnge, then tl~ia morfgaee a~d the estate hereby created, ahall cease. de- `
termine and be null and vo1d. ~
~ the mo?tgagor I~e~eby jurlhe~ couenants and agreei to pny promptly when due the principnl and
interest and ofher aums o~ money prouided /or i~ satd note o.~d eht, mortgage, or eithe?; to pay all and
stngu~ar the taxes. asseasmenta, ~evtes, jla6i~ifies, ob~igations, and encumbrances ol euery nalure on satd pro-
pc?~ty: to permtt. commit or su~fer no waste, impatrment or deferioration o) sa~d land or lf~e lmprovements
tl~ereon at any time: to keep ~he 6~tldtne: now or herenjte~ on satd land ~ully insu~ed in a sum oJ not less
than ~
in a eompany or companies necepfabje to fhe morlgagee, ttie po~ecy o~ po~icies to tie he~ by, ancl paya6le
to, sotd mortgagee, nnd in the event any sum oj money 6ecomes paya6le by vi?tue o/ such insurance tke
mortgagee shull kave the rtgl~t !o ?~ecetue nnd npply the same !o the inclebteclness bere~y secured, nccounting
to the morfgngor ~or nny surp~us: fo pay o~~ costs. c~nrges, and expenses. incluc~ing ~awye~ s~ees and lit~e
searc~es, rensona6ly incurred or paid 6y tl~e morlgagee because o~ ihe ~ai~ure oj i~e mortgagor to prompf~y
nnd ~ully eomply wifh ftie agreemenfs, stipu~ations, condifions anc~ eovenanls of saic~ nole and ihis rr~ortgage,
or eitl~er; to perJorm. ~omPty w~th and a6~de 6y ~~h nnd every fhe agreements, stipulntions, oondifions nnd
cooenants set ~ort1~ in said nole nnd this mortgage or either. ?n the ei~ent tl~e mortgagor ~ails to puy when
due any tnx, assessment, inswnnce premium or other sum oj money paya6le 6y virlue o) suid note and this
mortgage, or either, fhe mortgagee may pay fhe same, wifhout waiving or af~ecting fhe optton to foreclose
or any other rigl~t hereunder, ~d all such payments shall 6ear interest ~rom dale tF~ereo/ at the /~ighest ~nw-
Jul ~nte then altowed 6y ~I~g b~,s o/ the State oj Florida.
~1 any sum o~ money herein ~e~e?red to I~e no! pro:nptly paid wif~in 30 c~a)s next u~ter
fhe same becomes due, or i~ eac~ and every fhe agreements, slipu~afions, conc~itions anc~ covenants o~ said
~ote and this mortgage, or either, are no! jully per~ormed, complied wilh nnd abided by, then the entire
sum mentioned in said note, and 11?is mortga~e, or the enlire 6nlnnce unpaid tl~ereon, shal! Jorllw~ith or
thereajter, at the option o/ !he mortgagee, become nnd be due and paya6le, anyfhing in said nole or herein
to the eontrnry notwit~standing. Failure 6y the mortgagee to exercise nny o~ the rights o.r options herein
provided s1~aU not constitute a waiver o~ any ?ights or opfions uncler said note or tkia mortgnge accruecl or
therea(ter accruing.
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2., i~RPORATE ~n ~~i~ess ~hereof the mor[gagor has caused these presenls to
~ .$EAL) 6e executed in its name, and ib corporate seal to 6e ~ereunto nf~ixed.by ~~s
r- P;~~ proper oJ~icers thereunto du~y authorized. ~he day and y~ ~irat njiove wriften.
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; A~~ ~,f~ UNIVERSAL ADAMS, INC.
,
_ / • Seccelary
j Sig sea nnd~ ivered i e presence oJ: .
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I HEREBY CERTIFY t/wt an d~it duy. be(on/me. an ollk+r. dulr_ owlnw.iud in tl~e S!o!~ u.d C«u~tp ujo.rsoiJ ~o ealer «bwurlede-
~ mrnls. Persono~~7 uPPeand N~/~' ~T ~/t ~ / ~ ~'~C s. ~Gt R ~e ~-A-~e. ~-r
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~ u,ai~~o~~oc~~ ~sr`
~ j~/ GE Pnsidenl ond ~,~~i fi r/~ R' ~ resReaiire~r o~' I~e corporaliom m~~ w ~
morfgagor in I~e ~oregoing irutrumenl. and t~a! I~er savenul~p ac~rnwa~edge~ exnulinSq Itie same. in Itie prexnnr of luv wbsoibing u~itrrurt.
~nely and iaruntwi~y under autl~o?ity du~y nsted in ttiem 6y aaid oo~porution and [/wt the sro~ a~~ix~ Ilrreto ts t~+e lrut corporde xal o~
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~ W~l'NESS my Mnd and o~/ic;n! srd in ~I~e Countr a,~d Seda [ast u/«rsaid ~6is 'J dns ol ~FiB/Z d y
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EO COURt ~ MY Commission Expires Aor.'1?;.~pj$~~ ,.~.'c•
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