HomeMy WebLinkAbout2272 and shall perform, comply with and abide 6y each and every the agreements, stipulaliontt. condUtons and
covenants thereof. acid of this mwtgane, then this mortgage and the estate hereby created, shall ceoss, de-
termine and he null and void. ~
the mortgagor Iter[?by further covenants and agrees to pay promptly when due the principal and
trtteresl and other sums of money provided for in said note and flits mortgage, or either: to poy all and
singular the fares, assessments, levies, liabilities, obligation:. and encumbrances of every nature on said pro-
perty: fo permit. rnmmtt or auf
ter no waste, impairment or dete?iorotian of said lard or the tmprouements
iherecn at arty time; to Iteep the buildings now or hereafter on said land fully tnat[red to a sum of not less
than tail
in a company or companies acceptable to the mortgagee, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of atuh insurance !hs
moHgagee shall have the right to receive and opply the same to the indebtedness hereby secured, accounting
to the mortgagor for any stupl[ts; to pay all costs, charges, and expenses, including lawyer's fees and title
searches. reasonably inctured or paid 6y the mortgages because o) the jailtue o/ the mortgagor to promptly
and fully comply with the agreeme?tts, stipulations, condtttoru and covenants of said note and this mortgage,
or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants eel f
orfh in said note and this mortgage or either. In the event the mortgagor fails fo pay when
due any tax, assessment, inst[rance premium or other sum of money payable 6y virtue of said note and flits
mortgage, or either, the mortgagee may pay the same, without waiving or of
fecfing the option to foreclose
or any other right hereunder, and all such paymen~sCahaU bear interest from date thereof at the highest law-
f ul rote then allOWed by tllP IaU?s Of 1hP State Of FlOrtdQ.
any sum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or ij each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the .entire balance unpaid thereon, shall forehwith or
thereafter, at the option of the mortgagee, bernme and 6e due and pnynble, anything in said note or herein }
to the contrary notwithstanding. Failure 6y 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 ~~u~eSS ~~~f, flte said mortgagor Itas hereunto signed and sealed these presents the
day and year first above tvritfen. TAIS IS A BALLOON MORTGAGE AND THE FINAL PAYMEN'P OR THE
BALANCE DUE 1TPON MAT[1RITY IS $3,419.57, TOGETHER WITH ACCRUED INTEREST, IF ANY,
Signe sealed and d livered in the presence of : ALL A~{1ANCII~IF.NTS MADB BY THE MORTGAGEE UND
~ / THE TERMS OF THIS MORTGAGE.
/ /~~..~4.....
IN C. CLARE
- ~ . - ~ ~ r
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s
a
STATE OF FLnRIDA,
C(~UAITY nF ~I7k2-tNL'
I HEREBY CERTIFY that on this day, before me, an i
officer duly authorized in the State aforesaid and in the County aforesaid to take acktwwledgments, personally appeared
FRANKLIN C. CLARE
to me known to Ix the person described in and who executed the foregoing instrument and HE acknowledged ~
before me that ~ executed the same. _
NI7~\F.SS my hand and official xal in the County and State fast aforesaid this day of
A. D. 19 79 . _
NOTARY PUBLIC
R. -
=E~OPDED My Commissio~:'~ires:
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