HomeMy WebLinkAbout1981 and shall perform, comply wilh and abide by each and et+ery Ilse apnemenb. afipulafioni, rnnditlona and
eotwrsants thereof, and of this mortgage, then this mortgage and Ilse estate hereby creofed, shall cease, -de-
termine and 6e null and void.
. ~ the mortgagor hereby jtrither coversanls and apnea to pay promptly when dw the principal and
interest and other sums of money provided for to said note and !ha mortgage, or either; to pay all and
singular the taxes, aasessmenfs, levies, liabilitid, obligafiona, and encumbrarscea of every Wotan on sold pro-
perty; to permit. commit or suffer no waste. impairment or dets?ioratbn of sold la?sd or tke improvements
thenecn at any lime; to Deep the buildings now or iterea/ter on said land jolly insured in a stun of not leas
than highest insurable value.
fn a company or companies acceptable to Ilse mortgagee, file policy or policies to 6. held by, and payable
to, said mortgages, and in the event any stun of money bseomea poyable by vtrtw of such Insurance the
mortgagee shall have the right to receive and opply the same to the tndebtednsss herby secured, aeeountinp
to the mortgagor for any surplus; to pay all soils, charges, and expenses, including lawyer's fees and titb
searches. reasonably inctured or paid by the mortgagee becatua of the failure of the mortgagor fo promptly
and jolly comply wills the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide by each and every fire ngnemsnb, stipulations, conditions and
covenants set forth in said note and this mortgoge or either. In the event the mortgagor fails to pay when
dw any tax, asses:meat, insurance premium or other stun of money payable by virfw of said note and this
mortgage, or either. the mortgagee may pay the snore, without waiving or aj/ecfing the option to foreclose
or any other right hereunder, and all such payments shall bear interest from dale thereof nt the highest law-
jul rate then allowed by the Iowa of the State of Florida. .
~l any sum of money herein referred to be not promptly paid within thirty dale next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenants of sold
note and this mortgage, or either, are not fully perforrrsed, compiled with and abided by, then the entire
sum mentioned in said note, and ibis mortgage, or th a entire balance unpaid thereon, shall f
orthwtth or
thereat
ter, at the option of the mortgagee, become and be dw and payable, anything In said note or herein
to the contrary notu+ithstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not conslittsfe a waiver of any rights or options urtder said note or this mortgage accrued or
lhereaf ter accruing.
~n ~~WIeSS ~ly the said mortgagor has hereunto signed and sealed these presents the
day and year tint above a+rilten.
Sign ,sealed and definer in the presence of
1 - DOUGLAS DES`
---•t~- ~ - ~ - -
HELE.. E. _1ADDEN
f
i
THIS is a Balloon ::ortgage and the final payment of the balance due upon
! maturity is $ 20,166.67 and all advancelsents made by the mortgagee
under the terms of this mortgage.
~ ~ .
STATE OF FLORIDA,
+ COUNTY OF
1 HEREBY CERTIFY that on this day. before me, :n
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowkdgments~ personally appeared
DOUGLAS :4ADDEN and HEL£V E. PIADDEN, his wife
A to me known to be the person S described in and who executed the [orcgoinR +nstrument and they acksw~.ledsed
1
I before me that they executed the same. _
K'ITNESS T~ hand and otticial seal in the County and State last aforesaid this ~ ~ ~ day iaf
:rO.Ax: ~1 ..i:. -
P ~ ~~.Tv. ~L.Ia. f
riy Co~unission Expires: - - ; ;'A~ of ttatioA AT ttir:.l f
4~~~ •t'• ~ v+l~StOPJ EXPiRFS SEtT 6 19EG
~7VJ ~!v=RAL INS. IAWERWR.!"fQ~
•
I7ru hulrumcn~ paparrd by: CHEP.YL S . *~:ILLER
Addiru Lawyers Title Insurance Corporation
P . o. Box 3845 600K ~C14 i~~E 19`79
Fort Pierce, FLA 33450 f