HomeMy WebLinkAbout1432 and shall perform, comply with and abide 6y each and every the agreements, stlpulnfiona, conditions and
covenants IhDrcwf, artd of this morlgape, then the mortgage and the estate hereby created, shall cease, de-
fD?mirte artd 6e null and troid.
>ii~ IhD mortgagor hen!by further covenants and agrees to pay promptly when due the pNncipnl artd
interns! and other sums of money provided for to said note and the mortgage, or either; to pny ell and
singular fits faxPS. assessments. levies, liabilities, obligations, and encumbrances of every nature on said pro-
pe?fy: to permit, commit or suf
jer no waste, Impairment or deferiorntion of said land or the tmprovemenb
!hD?PCrt of any fame; to ~DDp fhD buildings now or herDaf
fPr on said land fully insured in a sum of not leu
_ than
to a company or companies accertable to the mortgagee, the policy or policies fo be held 6y, and payable
to, said morfgageD, and in the euenf any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebfedneu hereby secured, accounting
to the ?nortgagor (or any surplus; to pay all costs, charges, and expenses, including lawyers fees and title
searches, reasonably inetrrrDCl or paid by the mortgagee because of the jailors of the mortgagor !o promptly
and fully comply with the agreements, stipulations, conditions and-eovennnfs of said note and this mortgoge.
or either: to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment. insurance premium or other sum of money payable 6y vtrftie of said Hole and this
mortgage, or either, the mortgagee may pay Iha same, without wniving or of
jecfing the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
f ul rate `then allotted by the tau?s of the State of Florida.
~l any 4unt of morte•y herein referred to be not promptly paid within 30 days next after -
thD same becomes due. or i j Pack and DvDry the agreements, stipulations, conditiort~ and covenants of said
note and this morfgagD, or Dither, are not fully performed, complied with and abided 6y, then the entire
sum mentio?ted in said note, and this morlgagD, or thD entire balance unpaid thereon, shell forthwith or
lhereajter, at thD option o) thD mortgagee. becomD and bD due and payable, anything in said note or herein
to 1hD contrary notwithstanding. FailurD by fhD mortgagee to exercise any of the rights or options herein
prot•idDd shall not constifutP a waiver of any rights or options under said note or this mortgage accrued or
f hrrna f tPr acrnring. ` -
~n ~hi~l't~f, fltP said mortgagor has hPrntrnfo signed and sealed these presents the
day and year first abotP mriffPn-
SfgnPd. Pal d dPlitPrP i th rns?•nrP o(:
- H ve W.• Ratzow
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i Marion L.Ratzow
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~ STATE OF FLORIDA,
C()U`TY r.~s- . 4.~1C 1 e
I HEREBY CERTIFY that on this day, before me, an
officer duh• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
l NARVE W, RATZOW AND t1AR(OM L. RATZOW, his wife
to me known to be the person described in and who executed the foregoing instrument and they acknowledged
~ before me that they executed the same.
WI7:hESS my hand and official seal in the County and Statc last aforesaid this 5th ' dar,o6
Apr i 1 A. D. 1979 - ft_
~ ~
FILED Ar;D RECORDED"
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~ cow~IsstoK 1J?I!Q ulow . 21 19fa!
'79 APR 5 PM i : 52 tlot+oEta n.n, (~rfEL?l Ira uroiRWRITElf
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