HomeMy WebLinkAbout2589 an~ sI~aII pe?~orm, ro~ly wtth and abtd. 6y ~uh and ei~ry t~~ ap?Nmonb, stipu~otio~s. conditlons and
c~ovenunl~ fh~nwl. and o~ f{~is n~ortgage, then 11~b mwtgog~ anc( t~?e ~atnt~ ~e~e~?y cnaf~. ahn« csas~, d~-
termin~ and 6~ ~ull au1 void.
~ tl~w nto?tgugor I~en•6y jurtke~ c~ovenants and ngnvi to pay prompllr wl~~n dw Ila princtpol and
interesf and ot~er :una o~ monoy proutd~d ~o? in iatd not~ anc~ th4 moHgop~. or til~w: to poy sU and
ring4jar~ l~is taxes. wse~an~enta. ~vies. Itnbi~tt~a, ob~tgations, and ~ncum~cys a~ wery natun on aald pro•
perty: to pe?mit, commlf or auf~er ~o warte. i~npairmenf or det~rionafton o~ aat~ ~ or Ih~ in~pwwm~nb
ttiereo~ af any time: eo k~p the butldr.~A: ,~ow o. l~e.pa~?er on aatd ~ond ~uuy irutued ~n a swn o~ not ~ts~
~han full insurable value
in a co~npany or cornpan(es acceptab~e fo the morlgage~. !~s po~tcp or poUcia ta 6. h.W by, wtc~ pupab~
to, satd mo?fgagee, and in ewnt nny uun o~ money bs~.~ont~a pa~.bl. 6r vtrew o~ auch iruuranot the ~
mortgagee sRall I~uue t6e rigl~t to receiue and applr tl~~ same to the indebtednesa 1~~6y ~~cund, ac~ounting
fo the morlgagor (or nnq autp~ua: to pay a~~ ewb. ctiargei. and fxpensss. inc[uding [aw~i ~tt~t onc~ titlt -
senrrtiea. reasonn6ly incur?ecl or patd 6y tke mortgages becnuse o/ th~ /ailurs o/ t1~ mortgagor to pro~nptly
ond f ul~y comp(y wit1~ f/~e agseemenb, attpujattona, cohcjittons and oovenanb o~ satd not~ and thtt ntortgagt.
or eitl~er: to peeform, comp[y wttk nnd abide by eack and every ~e agrtemenb, sttpa~atiau. cbrujittons cind
covenanls aet (ort1~ in said not~ and t~is ~oregage or eteher. ln t~e euen! fht ~nortgagor jal~s to pay wtien
due any tax, assesament, iasw~anoo prenelu~ or other su~n o/ mo~ey s,oro6[. 6y utriue of iaid ~ott and thL ~
aeortgage, or etfher, tl~e mwlgagee may pay t1~e same, wilhout waiMng or ujfacting fhe option to (orec~oae ~
w any o1{~er right hereunder, and nIl such payntonb s6all bear interest (rom dnte thereoj at tlie I~igheat law- ~
(ul rate then allowed bp t6e Iar.~s o~ tke State o/ Flo?tdn.
~l any sum o) monPy keretn reje~ned lo be not promptlr patcl u~it~?i~ 15 c~o~y next aller
l1~e aame become~ due, or i~ eac1~ and eoe?y itie ngreements, sttpu~ations, rnndtfions nnd c~oo~nanh o~ saia
nole and ~h~ moHgagE, or eit~?er. ure nof ~u~~y per~ormec~, c~omp~ied wit~;~and a6~d~d by. tf~tn the enti~e
aum menlioned tn iaid note. ~d ehu m~egaAs. or ttie entire bn~ance unpaid therron. s~ (wt~iwit~ or
therenfter, af tf~e optton o~ t~e morfgagee, 6~~ ~d be d~ and ~~6[e, anyt~ing in said note or ~erein .
to the cont?ary notwithstanding. Failw~e br tl~e mortgagse to exe~riie nny oj tlie Rghb or opHons ~ierein ~
provic~ed sha~~ hot comtifute a walner oj aRy rig~ts or optio~s wu[er tnid note o? f~ts atortgage occYUtd o?
if~ereaffer accruinA.
~n ~~tness ~hereof ~
~ i~ie said morfgagor has hereunto stgnat~ ane~ sea~ theae p~esentr the
day ana year ~int aliove wrilten. .
i
St , sealed nnd delit•ered in the ~
pneseaeca of :
v~..~,1 i
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an G. i fps
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~Corai~ A.~ ~PYiillips~~
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5TA'T~ OF FLORIDA, ~
covrrrv oF MARTIN
I HEREBY CEItTIFY that a~ tLia dsr, bdose me, ao
offxer duly authorized in ~he State aforesaid and in the County a(oresaid to . ake acknoMrkdaments, per~oaall~• appeared
RAYMOND G.~PHILLIPS and CORAL A. PHILLIPS, his wife
to me knovm w be the penon s dcsctibed in and rvho executed the torcaoina iastrument „~a they a~k~~~ _
before ~ ~h~~they ezecuted t6e ume.
WITNESS my hand and o((icial seal ia the Countr and State last atoresaid this dar d !
August A. D. I9 75 ~
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