HomeMy WebLinkAbout0594 MORTGAGE DEED ~ Page Rwo
that the mortgagor has qood right and lawful authority to
convey said land as aforesaid; that the mortgagor will make
such further assurances to perfect the fee simple title
to said land in the mortgagee as may reasonably be required;
that the mortqagor hereby fully warrants the title to said
land and will defend the same against the lawful claims
of all persons whomsoever; and that said land is free and
clear of all encumbrances.
PROVIDED ALWP,YS, that if said mortgagor shall pay unto said
mortgagee the certain promissory note hereinafter substantially
copied or identified, to wit:
N O N E
and shall perform, comply with and abide by each and every
the agreements, stipulations, conditions and covenants thereof,
and of this m~rtqage, then this mortgaqe and the estate
hereby created, shall cease, determine and be null and void.
~
AND the mortqagor hereby fully covenants and agrees
to pay promptly when due the principal and interest and
other sums of money 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,
impai,r~nt or deterioration of said land or the improvements
thereon at any time; to keep the buildinqs now or hereafter
on said land fully insured in a sum of not less than HIGHEST
INSURABL$ VALUE THEREOF in a company or companies acceptable
to the mortgagee, the policy or policies to be held by, and
payable to, said mo=tgagee, and in the event any sum of money '
becomes payable by virtue of such insurance the mortgagee
shall have the right to receive and apply the same to the
indebtedness hereby secured, accounting to the mortqagor
for any surplus; to pay all costs, charges, and expenses, ~
i~cluding lawyer's fees and title searches, reasonably incurred ;
; or paid by the mortgagee because of the failurs of the mortgagor
E to promptly and fully comply with the agreements, stipulations,
; conditions and covenants of said note and this mortqage,
f or either; to perform, comply with and abide by each and
~ every the agreements, stipulations, conditions and covenants ~ _
set forth in said note and this mortgage, or either. Zn
~ the event the mortgagor fails to pay when due any tax, assessment,
insurance premium or other sum of money payable by virtue
of said note and this mortgage, or either, the mortgagee may ;
pay the same, without waiving or affecting the option to fore-
close or any other riqht hereunder, and all such payments =
~ shall bear interest from date thereof at the highest lawful ~
rate then allawed by the laws of the State of Florida. _
If any sums of money herein referred to be not promptly $
~ paid within thirty (30) days next after the same becomes ~
due, or if each and every the agreements, stipulations, conditions
~ and covenants of said note and this mortgage, or either,
~ are not fully performed, complied with and abided by, then
~ the entire sum mentioned in said note, and this mortgage,
~ or the entire balance unpaid thereon, shall forthwith ar
thereafter, at the option of the mortgagee, become and be :
~ due and payable, anything in said note or herein to the contrary ~
~ notwithstanding. Failure by the mortgagee to exercise any }
~ of the rights or options herein provided shall not constitute ~
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800K ~t'7~ PAtif
~ 593
~ N[ILL ORIrFIN JEFFRIES i LLOYD
CHARiERED .
~ P O BOX 1270. fORT PIERCE. FLOR{DA 33~50-TELEPHONE (305)464-8200
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