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HomeMy WebLinkAbout1509 _ a - and shall perform, comply with and nbids 6y each and every flee agreements, stipulationi, conditions and cot+enants thereof, and of this mortgage, then this mortgage and the estate k.r.by orated, shall cease, de- termine and be null and twirl. the mortgagor kert•by further covenants and agrees to poy promptly when dw the principal and interest.and other sums of money provided for in sold note and this mortgage. or eithK; to pay nU end singular the tares. assessments. levies, liabtlittes, obligations, and encumbrances o/ every nature on said pro- perty; fo permit, commit or suJ(er no waste, impairment or detertor+atflon o) said land or the impeowmenb Iherrcn at any lime: !o deep fhe buildings now or hereof ter on said land fully iruur+sd to a sum of not less than full insurable value in a company or rnmpantes acceptable to the mortgagee, fhe policy or policies to 6e held 6y, and payable to, said mortgagee, and in fhe euen! any sum o) money becomes payable by virtue of such insurance fhe mortgagee shall have the right to receive and apply the same to eke indebtedness heroby secturd, accounting fo fhe mortgagor for any surpltts; to pay all cosh, ckntges, and expenses, including bwyer•t fees and flile searches, reasonably incurred or paid'by fhe mortgagee because o) flee )allure o) the mortgagor to promptly and fully comply with fhe agreements, stipulations, conditions and covenants of said note and this mortgage, or either; fo perform, comply with and abide 6y each and every the agreemenb, stipulations, conditions and covenants set jortk in said note and tkts mortgage w either. In fhe event the mortgagor /ails to pay when due nny fax. assessment, insurance premium or other sum of money pnya6le 6y virtue o/ snid note and this mortgage, or either, the mortgagee mny pay the same, without wniving or nffedtng the option to foreclose or any other right hereunder, and alI such payments shall bear interest from date thereof at the kigkest law- f ul rate then allowed by the lows of the Stnte of Florida ~l any sum of mo?tey herein re/erred to be not promptly paid within _-_30____ days noxf alter fhe same. bernmes due, or if each and every the agreements, stipulations. conditions and covenants o) said note and this mortgage, or either, are not fully performed, complied with and abided by, tken tke entire sum mentioned in said note, aril this mortgage, or the entire balance unpaid thereon, shall f o?thwitk or tkereafter, at the option of the mortgagee, become and be due and payn6le, anything in said note or kerein to fhe contrary notu?ithstandi?tg. failure 6y the mortgagee to exercise any o) fhe rights or options ksretn provided shall not constitute a wait+er of any rights or options under said note or this mortgage acc?ued or lherea f ter accruing. ~n ~h~eof, the said mortgagor has hereunto signed and sealed these presents the day and year first nbove a+ritfen. Signe Baled and delivered in the presence of - - - - - - urley Roun see STATE OF FLORIDA, - ~ , COUNTY OF INDIAN RIVER I HEREBY CERTIFY that oo this day, before tae, as c officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeartd Hurley Rountree to me known to be the person described in and who executed the foregoiryt instrument and he acknowkd~ed before me that he executed the same. Wf1'NESS my hand and official seal in the County and State hst aforesaid this __1.~~.L~. day of April A. D. 19 ]9. . _ ~ U':'y r t_:.. Notary Pub i c • ' ~r . - - My Comm ssi on expi res3 ~ ~ ~ G ~ , ''9 ~ s ate ~ ~ 3 i ,:,t „~~~,~r+cdAt+r.S.Ut.Cldrr.w'iU1114•.. ~~a• 5f;::~ !a1 "1" r , 11ris hrs~rrrnrc?rl prepnrrd by: Addaxs This Instrument -Prepared 8y: Sandra Knight of gg ~,...r,,.~ T ~n ;u!.an t',. 0 R ~ ACE15~ i . ,oratic;,, T t ~ "~~~-,r,i~Y 80GK F L'rv;s.on, iiox 4iEi, Vero •~e.,ch, F.orc'a, ~n ~;;n- necflon with issuance o, a Ut~e insurance po, c Y