HomeMy WebLinkAbout0405 and a~a~~ per~wm, comply witl~ n?~d abid• 6r oacti nnd e~~ery fl~e agre~manb. •tipu~atioria, conditlonr cnd ~
cve:~ta.tt~ tla~re~.~f. o,~ ~ eht~ m.~rt$a~e. then thts martga~s aad llea estute l~re6y cranled. :hall eenss. de- ~
terrwlne an~I Ix null an~I ~wtd. ~
~ thp mortgapor hen~6y /urlher covena~l~ and o~nas lo pny Promptly when dw Ih~ pAnctpal and ~
inlensl and oftisr sums o~ money provided (or in iatd nola and thla morlgage, or either: to pay a~~ and ~
ringu~ar f1~t taxei, auessment~, ~evtes, ~tabi~itiei, ob~lgalfons. and encumbnnnc~a oJ eve~r nalur~ on aaid pro-
perty; to pene~tt. commil or au(/ee no wntls, irry~ai~menl or deterioratlon oj aaid bnd or the ln~provomenb
ll~prrcn at uny fime; fo I~~ep f~e but~i~gs now or he?Pa~ter on ~td b~d Ju~~y tnsuae~ ~n a•um o~ not ~ess
than ~U1,L INSUREABLE VAI.l1E
in n company or compani~+s accepfab~e to fhe mortgngee. Itie po~tcy or po~iciea fo be {~e~ by, a.?d ~.yo6b
to, said morfpagee. an~ in the event nny awn o~ rnoney 6ecomoa ~yn6l~ 6y otrtue o~ auch insurance t~t }
mo?fgagee sl~a~~ hava !tie rtgkt fo receius and apply fhe sume to tlu tndebtedness hereby iecured. aoeountinp ~
to the moHgapor ~or any surp~iu; to pay a~~ rnsts, chargea, nnd expenaes. tnc~uding Iawys~ s(ees and fll~ ~
senrcties, reasonab~y incurre~ o~ ~~d 6y rke n~ortgagee becawe o~ t~e ~ai~ure of !he morlgagor to prompl~y ~
nnd jullr rnmply witk the agreements, stipulntions, conditioru und rnvennnl~ o~ satd nol~ and 161s mwtgapa, ~
or eit/~er: fo pe~orm, comply witl~ nnd n6tde 6y eacl~ and every lke ugreeme~ls, sfipu~afions, conditions nnd
cove~ants spt Jorlti in sai~ note and ll~ts mortgnge or either. In the suent tlu matgagor ~ni~t fo pay wtien
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due nny tax, assesament, tnsumnce prerntum o~ ot~er sum o( ~?wn.y ~rn6[~ 6y virtue oJ said nofe and this
mort~age, or eit~er. I~e morlgagee may pay t~e same, wit~out wnivtng or a(~ecting f~e opfion to ~oreclose ~
or any otl~er right I~ereunder, nnd all such payments al~all 6ear interest /rom dnte tF~ereoj at tke I~tghest lnw- .
(uI rofe Ihen allowed by the laws oj the State o~ F~orida.
7L any sum o) money herein re~pned !o be not prompt~y paid ~<<h~n'I7iirty(30) day: nexf a~ter ~
t/~e same becomes clue, or i~ eacti and euery f{~e agreementa, sfipu~afions. rnnditioru nnd rnuenants o~ salc~ ~
nole w~d ~h~s mortgage, or eit{~er, are not /ul[y pe?)ormed, c~ompliecl wilh and o6~d~d 6y, then t~e entire
sum menlioned in said note, nnd t1~is mortgage, or the entire bnlance unpnid thenwn, s1~aU /o?ti~witk or ~
~~ereajter, at t6e option oJ !he mortga9c~e. 6ecome and 6e due and pnya6le, onything in said note or herein ' {
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fo I~e conlrary notwitiutanding. Failurn 6y tl~e mortgugee to exerrise any o~ t~e rigtits or optiona he?etn ~
provided s{~a~~ no! constifule a u?aiver o( nny rig~ts or opfions under snic~ note or t~is mortgage accrued or ~
ltierea~ter accruing.
~n ~II~C[~l~ the said mortgagor has I~ereunlo signed nnd sealed t6ese presents the
c~ay and year ~irsf above u~riffen.
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Si d, sealed nnd delin in tl~e presence o~:
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~ STATE OF FLORIDA~ ~
~ courri-v oF ~'t < < r.
i HEREBY CERTIFY ehat oa thi: day. betore me, an ~
~ , o(ficer duly authorized in the Stat~ atorraaid and in the Counry aforesaid to tak~ ackrwwkdgments~ penonally appeared }
~ LOUIS Q. SMI'n~ and rf~LLY B. SMITH , his wife .
~ to me tnown to be the p~non S described in and who executed the (orcgoi~q instrument and they acknowkdaed
~ be(orc m~ that they c:ecuted the same. f
~ NII:VESS my hand and otficial seal in thr County and Stat~ last aforeuid this day of
~ A. D. 19 7$. _ ~
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? ARIF PARUPIA ~ R ~
~ fliu Irwramcn~ prtprr~rc! by:
~ ~~d,~ . ~oa~ ~90 P~G~ 405
~ :.a:~;-ers rt!~ ~,.~,r~ance corpor~eb~ ,
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