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HomeMy WebLinkAbout2456 1 and shall perform, comply with and abide 6y each and every the agreements, sftpulaliona, rnndittons and covenants thereof, and of this mortgage, then Chia mortgage and the estate hereby created, ahaU cease, de- termine and be null and void. 7I<11K the mortgagor hen+by (rather covenants and agrees to pay promptly when dtu the principal and interest and other sums of money provided jor in said note and this mortgage, or either; fo pay nU and singular the taxes, assessments, levies, ltnbilities, obltgattona, and encumbrances of every nature on raid pro- perty; to permit, commit or suffer no waste, impairment or detertontfion of said land or the improvements thereon at any time: to Iteep the buildings now or herraf ter on said land fully insured to n rum of not leas than unpaid balance of this mortgage in a company or companies acceptable fo 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 6y virtue of stub iruurance the mortgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, nceountirrg to the mortgagor for any atuplw: fo pay all rnsts, cha?ges, and experues, including lawyer i fees and rifle searches. reasonably incurred or paid 6y the mortgagee because of the jailuro of the mortgagor to promptly and /ally rnmply with the agreements, stipulationu, conditions and covenants o/ said note and this mortgage, or either; to pe?(orm, comply with and abide 6y each and every the ngreemenb. 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, asseasmenf, insurance premium or other stun of money payable by virtue of said note and this mortgage, or either. the mortgagee may pay the same, without waiving or of jetting the option to foredo:e or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- ful rate then allowed by the laws of the State of Florida. ~l any sum of money herein ref erred to be not promptly paid within fifteen Jaya next after the some becomes due, or i( each and every the agreements, stipulations. rnnditions and covenants of said note and this mortgage, or either, are not fully performed, complied with; and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire 6alnrrce unpaid thereon, shall joithwith or thereafter, at the option of the, mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failtus 6y the mortgagee to exercise any of the rights or option herein provided shall not constitute a u+aiver of any rights or options under said note or this moHgage accrued or thereafter accruing. ` ~n ~I~eSS ~hM~~f, the said mortgagor has hereunto signed and sealed there presents the day and year first above written. Sign .sealed and del' +ered in the presence o(: R_ ichard fL. der i Vada M. Y er i f E STATE OF FLORIDA, courlTV of MARTIN I HEREBY CERTIFY that on this day. before me, an otiicer duly authorized in the State aioresaid and in the County aforesaid to take acknowledgments, personally appeared RICHARD L. YODER and VADA id. YODER, his wife, to me known to be the person g dettribed in and who executed the [oregoinq instrument and they acknowkdaed before me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this o1 `i ~l. da3' ~ E 3 ( A. D. 19 . f - _ ~~CC - V t. 1 I'. ~ • - • ~ ~TSuy nleuc su~I of anRla? AT t,/?faGi_•.• ~~I)C~ ~ MY CC~~'MISStC?w E~IRES 11Rti~R. ly /9ti1 - - ~ 77/~~` n ~•~{,S~~•(~~ S 11(1P`1D'n T.~11 '~iNF! ~I 1NS INDfR~YRI t~ _ - 'IV r'~ ~,J ~til V ,l~ - i • - 6 This hwnnireir~ p~rpnrrd hy: MACMILLAN AND SHEAR, P . A . 1074 N.E. Commercial Street R A`~`~~ss Jensen Beach, Florida 33457 G k ~r, (305) 334-7377 9t?;:KJU~ PAC:2'4~5 - rte= - -