HomeMy WebLinkAbout0873 MORTGAGE - Page Four
and shall perform, comply with and abide by each and
every the agreements, stipulations, conditions and
covenants thereof, and of this mortgaqe, then this
mortqage and the estate hereby created, shall cease,
determine a~nd be null and void.
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AND the mortgagor hereby further 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 singu3.ar the taxes,
assessments, levies, liabilities, obligations, and en-
cumbrances of every nature on said property; to permit,
co~ait or suffer no waste, impairment or deterioration of
said land or the improvements thereon at any tiune; to keep
the buildings now or hereafter on said land fully insured
in a sum of not less than full insurable value in a `
company or companies acceptable to the mortgagee, the '
policy or policies to be held by, and payable~to, said
mortqagee, 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 ~he
indebtedness hereby secured, accounting to the mortgagor
for any surplus; to pay all costs, charges, and expenses,
including lawyer's fees and title searches, reasonably ~
incurred or paid by the mortgagee because of the failure of ~
the mortgagor to promptly and fully comply with the '
agreeanents, stipulations, conditions and-covenants of said ;
~ note and this mortgage,-or either; to perform, comply ;
with and abide by each and every the agreements, sti~ul~tions, ;
conditions and covenants set forth in said note and this ~
mortgage or either. In the event the mortgagor fails to f
, pay when due any tax, assessment, insurance premium or ~
other sum of money payable by virtue of said note and this i
mortqage, or either, the mortgagee may pay the same,
without waivi.ng or affectinq 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 allowed by the laws of the State of Florida.
~
E IF any sum 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 or 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 a waiver of any
ri.ghts or options under said note or this mortgage accrued
~ or thereafter accruing. =
;
~ IN WITNESS WHEREOF, the said mortgagor has hereunto ;
~ signed and sealed these presents the day and year f irst above ~
written. ~
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~ Signed, sealed and delivered in L.S. ~
~ the presence of : J EP O {
~ ~
, _
~ S. i
~ ~ MAR NOFZKE -
u ~
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Signatures Continued...........
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~ U R ~ ~ ~
N[IlL ORIFi1N JEFFR~ES L LLOYD BOOK~~7t~ PAGE
~ CHARtERED ~ ,
P O BOX 1270. i01iT PIERCE. iIORIDA 33~50 - TELEPMONE (305) 464-8200 ~
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