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HomeMy WebLinkAbout0836 and al~al! pe~~orm, comply wtlh and o6~d. 6r ~h and e~~sry tke agrNmenb, s1lpulationi, conditloru and conenanls tl~ereo~, and o/ tl~is mwtga~e, then Ih1i mo?tAage and ths e~lals kereby created, ihall ceass. ds- t~rmine and 6e null and iwid. n11Y f~e morlgapo~ tie~oby (urther rnuenanls and ngrees to poy promptly when dw tI~• pNnclpal un~I interesl and ot~~er sums o~ money provi~Ie~I ~or in said note ~d ttiis rrsorlgage, or etf~e?; to par aj~ and ' aingu~ar !he ~QCpi, assessmenls, ~eules. Iia6tlitiei, ob~igattoru, and encumbrances o~ euery nature on auid pro- pe?ty: fo perntil, commit o~ aufler no waale, tmpairmenl or deleriornfion o~ aaid land or ttie impro~ementi s ttienecn af any time; !o ~e~p Ihp ~?u1~~infls nou~ or here~f ter on aaid ~an~ ~u~~y tn~urec~ tn a sum o~ not ~esa lRan in a ~ompany or companic?s acceptab~e to Ihe mwfgagee, Itie po~icyr o~ po~lciea to ~ held 6~, aRd ~ya6b fo, saf~ morlgngee, an~1 in ihF event any sum o~ money becomet pnynble by nirlue o~ such insurance !~u niortgagee sha!! ha~~e Il~e ri9{~I to ?eceive and app[y tl~e anme fo.Ihe inde6tedness he?e6y ~ecured, aceounting fo !he morfga~or ~o~ any surp~us: fo pay a~~ rnsts, ctiatges, and expenses, inc~uding ~awye~ s jees and fit~t searches, reason~6ly incu.~l o~ natd 6y ~he mortgagee because o) Il~e ~ailure o) tl~e morlgagor to p?ontpf~y . nnd jully comply wilk the agreements, sttpulations, condiltons and covenanla o/ said nofe nnd lhia mortgag~. or eilher: to per(o?m, comply with and a6ide 6y ench nnd e~ery the agreements. :ttpulattons, co~diltons and covenanfs sa! 'o~f{~ in said nole and tkis morfgage or eittier. ~n the event f{~e mortgagor ~ai~t to pay w~en due any tox, cusessmenl, insurance premium or ofker sum o~ money paya6le 6y virlue oj saic, note and thb mortgage, or eif~ie~, Ihe morlgagee maq pay t~e snme, without u~aiving o~ af ~ecting ttie option to ~orecloae - o? ony o11~er right l~ereunder, and all such paymenls shal~ 6ear inierest (rom date thereo) at fhe higl~est lnw- ~u~ rale Ihen a~~otvec~ by the ~au~s of the $tnte o~ Floricla. ~l any sum o~ money {~erein rr(enec~ to he not prompt~y paicl withi~ -1 Q- c~nys next ~ter t~e snme hecomes due, or if earh and euery the ngreements, stipu~ations, conclitions nnd covenanfs o~ iaid note and tl~is mo~tgage, or eitl~er, are not /ully per/onned, complied wif{~ and a6~ded 6y, tl~en the e~ttiro ~ aum mentioned in said note, and this morfgnge, or the enlire 6alance unpaid theneon, a{eul~ ~ortl~tuitlt o~ ihereajter, at 16p option o~ the morfgagee. 6ecome and be due and puya6le, anything in said note or I~erein to iite. contrary nolu~ilhsfanc~ing. Failure tiy !{~e morfgagee to exerrise any of the righls or optiona ~eretn ~ provtc~ecr s~n~~ not ronsfifufp a u+ainpr oJ any rig~ts or opleons under saic~ note or t~is mortgage uccrued or . 4 if~erenJter accruing. ~n ~itness ~hereof~ Ihe said mortgagor has hereunto signed and senlecl these presents the crop an~ year ~irsf a~ove u~rillen. Signecr, seale~I and ~elinerec~ in Ihe presencp o~: ~1. ~ - - - ~ i er~on S . ~ro V ` ' " ~ ---~.'5~,,~., .~,n_ .~x~--~-------------~------....---._. --vS-^{-~.G...- - - - - ~ Lois C . Brown ~ - - ~ - . - - . ~ - ~ ~ I ~ ~ ~ ~ 3TATE OF FLORIDA, ~ t couN~-~r o~ MARTIN ~ I HEREBY CERTIFY that on t6is day. before me, sn officer duly authorizcd in the Statc aforesaid and in the County aforesaid to Uke ackaowkdgments~ penonally appeued VERNON S. BROWN and LOIS C. BROWN, his wife, W me known to be the penan S described in and who executed the [orrcgoinq instrument and ~'1ey acknowkdsed ~ befon me twethey executed the same. WI7'NESS my hand and o(ticial ~eal in the County and State last atoresaid ~h~, 3rd . a,r ot MAY - A_ D. 19 77. . ~ tS Y ~l` C o-" - ~ J , - - ` c ~ ° - My commission expires: ~ • 6/20/78 . c, a . . - . : s.. r ~ - . ~ . . . ! ^ ; ~ ~ ' ; , , aouK ~6$ PACE 835 ; i Thu Instrumar~ pxp~a~rd by: E. Clay Shaw, Jr., Esq. ~ ~ Addrr.cr P. O. Box 2427 - ~ j Fort Lauderdale, Fla. 33303 , i