HomeMy WebLinkAbout0854 , and shall per~orm, comply wifti ond abid. 6y eac•h and eve~y Il~s ag~eemenfs, stipulalions, condilions and
covennnts Iho?eof, and o/ this mortgage. Ihen lhii morl~ape and Ihe estate {~erehy crealpcl, ahall cease. de-
fe~mine and bs nuU anc~ iroid.
nl~ Ihe mortgagor f~e~e6y Jurll~er rnuenonta and agreea !o pay promplly wf~en due Ihe prtncipal and
interest and olhe~ sums oJ money provided jor tn said note and t1~1a mort9age, or eithec: to poy all and
singular 11~e ta.res, nssessments, lei~ies. lla6ilities, o6ligations, and encum6rances oJ every natu~e on said pro- `
perfy; to permit, commlf or su~~er no wcule, impai~ment or daleriomtion o~ saic~ ~nnd or fhe improvemenls '
IF~ereon ul a~y time: to leeep the 6ulldings nou~ o~ I~ereaJter on said Iand (ully insured in a sum o~ not less
~~an the highest insurable value thereof ~
in a company o? companies nccepta6le to the morfgagee, the policy or policies to 6e held 6y, and paya6le
fo, saic~ mortgagee, ancr in I~e evenf any sum o~ money 6ecomes payab~e ~y ~~irtue o~ such insurance Itie
mortgagee shall have tf~e rig{~t to ~PfPIVP and apply !he same to !he incle6teclness he?eby secured, accounting
to t{~e mortgagor for any surp~tu; lo pay n~~ costs, ctiarpes, ant~ expenses, irtc~uc~ing ~awyer~s ~ees anc~ fit~e
searches, rensonab~y incurred or pa~d by ~hp mortgagee hecause o~ f~e Jai~ure of fhe morlgagor fo p~ompf~y
ane~ ~u~~y compjy with tl~e agreem~nts, stipu~alions, concjitions ana covenanfs o~ saic~ note and this morfgage,
or eit{~er; to pe?~orm, comply u~ith and a6ide by eacF~ anc~ every Ihe ac~reemenls, stipulations, condifions and
covenanls set ~orfti in saic~ note and itiis morlgage or either. in Itie event t~e mortgagor /Qi~s !o pay w~en
clue any tax, assessment, insurnnce premium or ofher sum of money paya6le 6y virtae of sai~ nofe and fhis
mortga~P, or eif~er, ttie morfgageP may pay fhe same, withouf waiving or a~~ecting the option to Jorec~ose
or any o(F~e? ri~l~t F~ereander, an.~ all such payme?tis shall 6ear interest /rom dale thereoj at 1he I~ig{~est ~aw-
~ul rate tf~en allowecl by ff~e (aws of the Slate o~ Florida.
I i` nny sum oj money {~erein reJe~re~~ lo ~e ?iot pro:npl~y paic~ wifhin 7 days next a~ler
~ the snme becomPS due, or i( ~ac~ anrl e~~ery ll~e agreemenls, stipu[ations, conditions and ro~enants o( said
~ note and this mort~agP, or ~ither, are not (ully per(ormed, complied witf~ and a6idpd 6y, tl~en the entire
sum mentioned in snid noie, and this mortJnr~e, or the entire 6afance unpaid lltereon, slia~~ (ort/uYiE{i.~or
{ ll~erea~ter, at t{~e oplion o/ the mortgage~. 6ecome and be clue and paya6le, anything in snid note• on' ~rejn •
to the contrnry nofu+it~~sfanc~ing. Fai~ure ~y ftie mo?lpagee fo exercise any o( t{~e rig~I~ o~C~ilbol'i~`~ivjr~~-
provic~e~ s{ia~~ n~,f constitufe a wniver o~ any rig{~!s or opfions unt~er sai~ nole or lhi;:matig~o-qochtgd;ob~
f~iereaJler accruing. , •,t~! ~ . •
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' ~ 1~'l)kPnR;1"ff= ~n ~~tness ~hereof fhe morlyagor has causec~ t~ese presents to i
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~F..91.) be execufe~ in i!s name, and its corporate seal to 6e ?iereunto a1~ixed, 6y its !
~ proper o~~icers t~ereuafo ~u~y auf{~orizec~. Ihe tlay ant~ year ~irsl atioue wriflen. f F
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_ ~~tate of FLORIDA S~P i~ 3 ss PN'
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; ~ My Comm . Exp i re s~otary publ~c, State oi florida ae V ~o.
Mr Co~s;oa E¦pires D«. 27. 1480
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