HomeMy WebLinkAbout0724 and shall perform, comply with and abide by each and every the agreements,
stipulations, conditions and covenants thereof, and of this mortgage,
then thia mortgage and the estate hereby created, shall cease, determine
and be null and void. ~ ~
AND the mortgaqor hereby further covena~ts and aqreea to pay
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promptly when due the principal and interest and other sums of m~ney ~ f
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provided for in said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obliqations, and
encumbrances of every nature on said property; to permit, commit or . '
suffer no waste, impairment or deterioration of said land or the
improvements thereon at any time; to keep the buildings now or hereafter
on said land fully insured in a sum of not less than full insu=able
value in a company or companies acceptable to tfie mortqagee, the policy
or policies to be held by, and payable to, said mortgagee, and in the
event any sum of money becomes payable by virtue of such insurance the :
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mortgagee shall have the right to receive and apply the same to the ~
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indebtedness hereby secured, accountinq to the mortgagor for any ~
surplus; to pay all costs, charges, and expenses, including lawyer's ~
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fees and title searches, reasonably incurred or paid by the mortgagee
because of the failure of the mortgagor to promptly and fully comply i
with the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either; to perform, comply with and abidz
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; by each and every the agreements, stipulations, conditions and covenants
` set forth in said note and this mortgage or either. In the event the
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E mortgagor fails to pay when due any tax, assessment, insurance premium `
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! or other sum of money payable by virtue of said note and this tnortgage,
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~ or either, the mortgagee may pay the same, without waiving or affecting
~ the option to foreclose or any other right hereunder, and all such payments
~ shall bear interest from date thereof at the highest lawful rate then
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~ allowed by the laws of the State of Florida.
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# IF any sum of money herein referred to be not promptly paid
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within thirty (30) days next after the same becomes due, or if each
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E and every the agreements, stipulations, conditions and covenants of
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