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HomeMy WebLinkAbout1377 . and shall pe?jorm, comply tuith artd abide 6y each and rtery the agreements. ~ttpulaliorts, catditions artd cotenants thereof. and o/ this mortgage, then this mortgage and the estate hereby created, 'shall cease, de- termine anJJd 6e null and void. ~nu the mortgagor hen•by jtuther covenants and agrees to pay promptly when due Ihs principal and _ interest and other sums of money provided /or to said note and this mortgage, or either; to pay all and singular the faxes, assessments, levies, liabilities, obltgaltoru, and encurwbronces of every nature on sold pro- perty: fo permit, commit or sujjer no waste, tmpatrment or defertorntion of said land or the Improvements lherron of any lime: to Iteep the buildings now or he?eajter on said land jolly insured in a sum of not less ~ than in n company or companies acceptable to the mortgagee, the policy w policies to 6e held 6y, and payable ' to, said mortgagee, and in the event any stun of money becomes payable 6y virtue of such insurance the mortgagee shall boos fire right to receive and apply the same to the tndebtedneas hereby secured, accounting to the moHgngor jor any surplus: to pay all costs, charges, and expenses, Including lawyer's Jess and tale ~ searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly and jolly comply with the agreements, stipulations, corditions and rnvenants of said note and flits mortgage, or either: fo perform, comply with and abide 6y each and every the agreements, stipulations, rnnditions and rntenanfs set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, asseument, insurance premitun or other :tun of money payable 6y virtue of said note and this mortgage, or either, the mortgagee may pay the tame, wtthoul u~atving or ajjecttng the option to foreclose or any other right hereunder, and all such pnymenU shall bear interest from date thereof at the highest law- ; jtrl rate then allowed by the laws of the State o/ Florida. ` r ~l any sum of money herein referred to be not promptly paid within thirty days next ajler ~ the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said { t note and this mortgage, or either, are not Jolly. perlormed, 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 fo the contrary notwithstanding. Failtwe 6y the mortgagee to exercise any of the rights or options herein ~ provide shR(l'nd t~pnstihrfe a u+aiver of any rights or options under :aid note or this mortgage amued or thereafter accruing. t c ~n ~~NIl~SS ~~tet'tOf, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. - ~ s Signed, sealed and d ~ered in the presence oj: ~tgttne Willltte, Jr• c ~ y I STATE OFj~~l( WASHINGTON cou.~rTY of Spokane ~ - s X I HEREBY CERTIFY that on this day, before me. an i officer duly authorized in the State aforcuid and in the County aforesaid to take acknowledgments, personally appeared EUGENE WILLIAMS, JR. I to me known to be the person described in and who executed the foregoing instrument and he acknowledged before mt that he executed the same. KIT\'ESS my hand and official seal in the County and Stott last aforesaid this 21 day of ge6ntar~/ A. D. 19 79. Icy Coseiseion ezpirea May 13, 1981 This hu/niu~cul prepnrrd Gy: S~relaa 2ro~ AJJreru Sun Bank of St. Lucie CouneF Fort Pitrae, Florida