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HomeMy WebLinkAbout2373 and shall per(ornt, comply with and abtd. by each and every the agreements, afipulnHoris, condlHoraa and eovertanta thereof, and of this mortgage, then this mo?fgage end the plate hereby Leafed, ahaU nose. de- termine and be null and void. the mortgogor Newby further covenants and agreq to prey promptly when dw the principal and interest and olhe? sums- of money provided jar to said note and this mortgage, or either: fo pay aU and singular the taxes, asseumenb, levba, Uablllftq,. obligations, and encumbranns of every nature on sold pro- perty: to permit, rnmn?it or suf jer no waste. impalrmertl or detertor+atton of safd Iartd or the tntprowmenb thereon at any time: to Iteep the buildings now or hereafter on said land f uUy insured to a sum of not less than fullest insurable value in a company or rnmpaniq acceptable to the mortgagee, ilte policy or policiq fo be held by, and payable to, said mortgagee. and in the event any sum o/ money becomes paya64 by vfrtw of such irasur+arece the mortgagee shall have the right to reniw and apply the sants to the indebtedness hereby secured, aooounting to the mortgagor jar any surplus: fo pay all costa. chargq, and experssq. including lawyer: jeq and title searches, reasonably incurral or paid by the mortgagee because of the failure of the mortgagor to promptly and /ally comply with the agreement:, attpubtioru, conditions and covenants of said not. and this mortgage, a either: to perform, comply with and abide by each and every the agreements, atipulattoru, conditions and covenants set forth in said note and thin mortgage or either: In the event the mortgagor jails to pay when dw any tax. assessment, insurance premium or other sum of money payable by victor of said note and this mortgage. or either. the mortgagee may pay the same, without waiving or of fecffng the option to jor+acbae or any other right hereunder, and aU such payments shall bear interest from date thereof nt the kigheal law- f ui rate then allowed by the laws of the State of Florida. - 7L any sum of money herein rejen+ed to be not promptly paid wifhinthiL~y(30) days next ajte? the same becomes dw, or if each and every the agreements, stipulations, rnnditions and covenants of said note and Chia mortgage, or either, are not fully performed, complied with and abided by, then the entire sum mentioned to said nose, and this mortgage, or the entire balartoe unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and be dw and payable, anything in said note or herein to the eonfr+ary note?ithstanding. Failure by the moHgagee to exercise any of the rights or options herein ~ provided shall not rnnstittete n waiver of any rights or options tutder said note or this mortgage accrued or thereafter accruing. • _ ~n ~ttntSS ~~e~tof, the said mortgagor has hereunto signed and sealed these presenb the 1 day and year f [rst alwue written. Signed, sealed and deGuered in the presence of : Andrew W. ' lliaans STATE OF FLORIDA. i couNTY of Indian River. I HEREBY CERTIFY that on thin day, before me. an f officer duly authorized in the State aforesaid and in the County aforesaid to take ackaowkdgments~ peraomUy appeared ~ ANDREW W. WILLIAMS ~ to me known to be the person .described in and who executed the foregoing instrument and hg acknowledged ~ before me that he .executed the acme. t WI1-NESS my hand and official seal in the County and Sute last a(oreuid this day of R January A- D. 19 ']9 , * - - j r - o ---rids--at-- ~ ~ - o,:."'~'~~ rF,~p 'AN ~OU~~~` P~j' Oalmissian ices: ~q EO . y ~I-~.~ ~ SS. l.U~~ ~p yEnlrlE~ _ ~ ~ ~ - ~ ' = ; c. ~ C 0 - I~tNf t~tll[if: St~tE Oi 1l,OROiA AT 1NQ e ~ 'tom -z , - fan GOw f~ • MM .-1 ~ • ~ S ~ ~ ~ ; (aplfalO Ilg4i f~RK M~ tit~MYT~ ~o~~,RCUtT cfluRTil - CLERK- _ t This rnstrumrnt PnP1°'~ by: Calvin B. Hr+own, Esq. ' ~ n, ~ ~ 6~r~e & ~ g~~r 302 r~~~~3~3 Vexv Beach,~Florida 32960 ~ - - - - ~ y ~ u _ S o yr, A