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HomeMy WebLinkAbout1140 and shall perform, comply with and abide 6y each. and every Cite agreements, stfpulalioni. conditions and • covenants thereof, and of this mortgaps, then this-mortgage and the slate hereby created, ahnU cease, de- termtne and I?e null and void. nl~d the mortgagor he?vby further covenants and agrees to pay promptly when due the principal and i??teresf and other sums of money provided for in said Hole and !ha mortgage, or either: to pay all and singular the taxes, assessments, levies, liabilities, obligations, an encumbr+artces o/ eue~ naturo on said pro- perly; fo permit. commit or suffer no waste, impairment or deteri Lion of said IT,~'"( or the lmprovemenb iherrcrt at arty time: to keep the buildings now ott hereafter on sa land fully insured to a stun of not less than ' in a rnmpany or companies acceptable to the mortgagee. the policy or policies io be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable 6y virus of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedneu hereby secured, accounting to the mortgagor for any s?uplt?s; to pay all costs. charges, and expenses, including lawyer's fees and tttb searche:. reasonably inctured or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply u,ifh the agreements, sfipulafiona, c~wtdilfons and eouenants of said note and this mortgage. or either; to perform, comply with and abide by each and every the agreements. stipulations, conditions and 1• rnuenartts set forth to acid note and this mortgage or either. /n the event the mortgagor jails to pay when + due any tax, assessment, insuronce premium or other stun of money payable by virtue of said Hole and this mortgage, or either, the mortgagee may pay the same, withotiib waiving or ajf acting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- f ul rote then allowed by the Iowa of the State of Florida. any sum of money herein ref erred to be not promptly paid within days next after the same becomes due, or i f each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not jolly performed, complied with and abided 6y, then the entire \ ,3ism mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall jorthtuith or - thereafter, of the option of the mortgagee. become and be due and poya6le, anything in sgj~note or herein to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the righ_~or options herein provided shat[ not consfilttte a waiver of Qny righls.or options under said note or this mortgage accrued or thereafter accruing. ~n ~itntSS whereof, t?te said mortgagor has hereunto signed and sealed these presents the - day and year first above wrifte?t. - - Signe ea[ed and ' ~ered in the presence of .v ~O ov , - / Rob t : L - - - - - - - t~ - nni e Pearl Lovell i - - ~ ~ - s ~ - STATE OF FLORIDA, ~ - cou~TY OF $T. LUCIE I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take • acknowledgments, personally appeared • Hobert LOYELL and ANNIE PEARL LOVELL, his wife, to me known to be the penor~ described in and who executed the foregoing instrument and they acknowledged before me that they executed the same. 1~'I7.1~F.SS my hand and official seal in the County and State last aforesaid this Z7tt1 daq of Januar-y A. D. 19 79~ - ' ~ i - ~ - .lf - J +~~_L~R~ED Not y PubT~c, 5tateb~- oi~,iI~~a~.Ca~t~ge_ , - - - - - ~ ~ .O My Comm ssi on Expires - ~ ~ / 1- - - - cal,. w». s~ - TLu INS/rrnlu/// rr 1>r-il h { e F F` y' Rttorne7 at law BOGK~~rnfE~1~ 32x3 So. 2nd St+ ~~v r~G', FL1K - -