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HomeMy WebLinkAbout1558 - and shop perfo?m, comply wtth and abide'by each and every the agreements, atipulattona, conditions and 1 cownants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and 6e null and raid. the mortgagor hereby further covenants and agrees to pay promptly when dw the principal and Interest and other sums o/ money provided for in said note and thta mortgage. or either; to pry aU and singular the taxes, assessments, levies, liabilttiea, obllgattona, and encumbrances of every aortae on said pro- perly: to permIf. commit or suffer no waste, impairment or deterioration of sold land or the Improwmenta thereon at any lime; to beep the buildings now or ketraf ter on said land fully insured In a sum of not leas than in n company or companies acceptable to the mortgagee. the policy or policies to be held 6y, and payable to, said mortgagee, and In the event any sum of money becomes payable by virtue of such i?uurance the . mortgagee shall haw the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus: to pay all costs. charges, and expenses, including lawyer i f eea and title searches, reasonably incurred or paid 6y the mortgagee because of the. jatlure of the mortgagor to promptly and fully comply with the agreements, stipulations, conditions and cownanb of said note and this mortgage. or either: to perform, comply with and abide 6y each and every the agreemenb. stipulations, conditions and covenants set forth to said note and this mortgage or either. In the event the mortgagor jails to Pay when due any tax, assessment, inatsrance premium or other stun of money Payable 6y virtue of said note and thin mortgage, or either. the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all stick payments shall bear interest from date thereof at the highest law- (ul rate then allowed by the Iowa of the State of Florida. ~l any sum of money herein referred to be not promptly paid within 30 days next after the same becomes due, or If arch and every the agreements, stipulations, conditions and cousnants of said ~ note and this mortgage. or either, are not fully performed, complied with and abided by, then the entire t sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and 6e due and payable. anything in acid note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein ' provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or - thereafter accruing. ` ~n ~t~t~S ~~~f, the said mortgagor has hereunto signed and sea d these presents the day and year first above written.. i • ' r ~ S red, seale nd data erect in the p esence oj• , - / -j ----Will am ~J. o~~ - _ ~ Jo g STATE OF FLORIDA, COUNTY OF PALM BF~ACH f I I[EREBY CERTIFY that on this day, before me, an f officer duly authorized in the State aforesaid and in the County aforesaid' to take acknowledgments, personally appeared i ~ WILLIAM J. BOSSO and JOSE H. SOTOL~GO to me known to be the person described in and who axecuted the foregoing instrument and they acknowledged before me that they executed the soma ~ c WITNESS my band and official seal in the County and State last aforesaid thu ~A s1~-~ daY ~ i /~~.i~:- . A. D. 19 79 i till, :_T - - .`G-(_:'•:: ~IOT~Y PUdI ATE OF FLORIDA A RGE ION EIII'IRES NOV. Ill, 1%Z . _ _ ~ • - :'r rQ t` ) M aWd1TER5 . ~C • ° t;'j.~ 1 ~~S ~l: ~ ^ ~Ll'jTY., FLT'.:' oONDED THRU GENERAL INS. UNDE f _ - E _ _ -r 3U6 ~~~t 155? 7 a~