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HomeMy WebLinkAbout2794 and shall pert orm, comply with a?td abide by each and every the ogreemenfs, stipulationi, conditions aid covenants thereof. and of this mortgage, then this mortgage and 1hs astute hereby created, shall ceoss, de- termine and be null and void. IUNL fhp mortgagor {teraby (urlher covennnb and agues to pay promptly when due the principal and Inferesl avid other sums o) money provided for in sold note and this mortgngs, or either; fo pay all and singular the lases, assessments, levies, liabilities, obligaltons, a?td encumbrances o/ every nature on snld pro- perty; fo permit, commit or stet ter no u~asfe, impairmertf or deleriorotion of said land or the improvements fherecrt a? arty time: fo peep Ilia bt?tldi?tgs noun or hereafter o?t said Land fully tnstrred In a stun of not less than highest insurable value - in a comtw?ty orcompanies accetrtable !o the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, avid in the evertf any sum of money becomes payable by virtue of stuk insurance the mortgagee shall pare the right to receive and apply the same to the Indebtedness hereby secured, accounting fo the mortgagor for any surplus: fo pay all costs, charges, and expenses, Including lawyers fees and Idle searches. reasonably incurred or paid by the mortgagee because of the jnllure of the mortgagor to promptly and fully comply u+ifh the agreements, stipulations, conditions and cot+enanfs of said note and this mortgage, or either: to perform, comply with and abide by each and every the agreements, stipulations, c~ondiltons and covenants set forth in said note and this mortgage o? either. In the event i{.e mortgagor fails to pay when due any tax, assessment, insurance premium or other sum of money payable by vtrlue of said note and this mortgage, or either, the mortgagee may pay the same, without wntving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at 1{te highest law- ful vale then nllou+ed by the tau+s of the State of Florida. . ~L arty sum of money {tprei?t referred fo be not promptly paid within 30 days next after the Same becomes due, or ij each and every the agreements, stipulations, conditions and covenants of sold note and (his mortgage, or either, are not fully performed, rnmplied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire 6ala?tee unpaid thereon, shall forthwith or (hereafter, of the option of the mortgagee. become and be due and payable, anything in said note or herein to the contrary nofu+ilhsfartding. Failure by the mortgagee to exercise any of the rights or options herein provided shall nut cortstitrrte a u+airer of any ?ighls or options under said note or this mortgage accrued or Ihernaf ier accruing. ` - ~n ~~uleSS ~heeenf, the said mortgagor has hernrrnto signed and sealed these presents the day and year first abor•e tr+riffen. Signed, sealed and delir+ernd in the prnsence of : ~ / Lt .~„~.fL.. ~...~.t?!-:~~% ~.Ttrr~G-?~Pzc . --,1(."~....f~~lr'4L-!'---- /I~c~. - ~ ~ _ _ : -CHARGES - F. HERZ R ~ - - - -~ti•- L_ - ~ - R M. RZER i s STATE OF ANEW JERS I HEREBY CERTIFY that on this day, before me. an officer dui}- authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared CHARLES F. HERZER and RUBY M. HERZER, his wife, to me known to br the pcrsong described in and who executed the foregoing instrument and who acknowkd~ed f+cforc mr that they executed the same. ~ ~ N'17 tiESS my hand and official seal in the County and State last aforesaid this ~ day o[ February A. D. 19 79. , r _ ~ ~ ~ NOTAR UB C r _ ~ • ~N MY COMMISSION EXPIRES: ~ - 1 L' ~ 4:36993 ~ '79 f'~, i ~ Pty I : 26 - . J a~ ~ - .L This I,wna»c» i p>•cpnrrd by: p g t7 f i~ c~~~ ~ BOOK t)lJ F4GE Adrlirsr *rtts twrrt~ttrrtr rwwMD a+r• GUNN ~ A03TRAC71 TITLE , OF trlA. - sfos • arq sr soar sttgtcs, stioma? - _ - . _