HomeMy WebLinkAbout2575 and shall perform, comply with and abide 6y each and every the agreement. stipulations. conditions and
covenant thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
nlll~ the mortgagor hereby further covenants and agrees to pay promptly when dw the principal and.
interest and outer sums of money provided for in raid note and tht mortgage, ar either; to pay all and
singular the taxes. auessmsnta, levies. liobilifiea, obltgnttons, and encumbrances of every nature on said pro-
pe?ty: fo permit, rnmmif or suf
jer n0 Waste. impatrmtnt or deterioration of sdd land or Ilte improvements
ther+son at any time; to tteep the buildings now or hereafter on sold land. f
uUy insu?ed 1n n sum of not leas
than unpaid balance of this mortgage
to a eompanp or companies aoceptabb to rite mortgagee. the policy or policies to 6e held 6y, sad payable
to, said mortgagee. and in tits event any sum of money becomes payable 6y virtw of such insurarce the
mortgagee shall have the right to receive and apply the some to fire tndebtedrtesa hreby secured, aeeountirtg
to the mortgagor for any surplw: to pay all cosh. char+gea, and expertaa, including lawyer i fees and rule
searches, reasonably incurred or paid 6y the mortgagee 6ecnwe of the failure of the mortgagor to promptly
and f uily comply whit the agreements, stipulattoru, cortdittons and covenants of said note and thin mortgage.
or either; to perform. comply whit and abide 6y each and every t?te agnemenb, stipulations. conditions and
covenants set forth to sold note and fhb mortgage or either. 1n the event the mortgagor fait to pay when
dw any tax, assessment, insurance premium or other sum of money payable 6y virtw of said note and fhb
mortgage. or either. the mortgagee may pay the same, without watvtng or of
f
ectfng the option to foreclose
or any other right hereunder, and all such payment shall bear interest from date thereof at the highest law-
f ul rate then allowed by the laws of the State of Florida.
~l any sum of money herein ref
erred to be not promptly paid within fifteen days next ajttr
the same becomes dw, or if each and every the agreements. stipulations, conditions and covenant 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 fhb 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. Failure 6y the mortgagee to exert;ise any of the rights or optioro herein
provided shall not constitute a waiver of any rights or options under said note or fhb mortgage accrued or
thereafter accrussing. `
~n ~`u1eSS W~OIe the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed. -sealed and delive in the presence of
I--•
~ ~ ~~V1rg nia A. Frame
f
i
STATE OF FLORIDA,
COUNTY of MARTIN
t I HEREBY CERTIFY that on thu day. More me, an
officer duly authorized in the Stair aforcuid and in the County aforesaid to take acknowkdsmenq, persotuUy appeared
VIRGINIA A. FRAME ~
to me known to be the person described in and who executed the forc;oin~ instrument and haS ackrawkdaed
before me that She executed the lame.
WITNESS my hand and official seal in the County and State last aforesaid this ip~ day of
K March A. D. 19 79
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T/rir h~.urune,~r rrd b MacMillan and Shear, P. A. , , -
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. -1074 N. E. Confinercial Street ~ ~t~'~
A`~`~'~ Jensen Beach, Florida 33457 .
(305) 334-7377 dOG!(~4 PACf~~
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