HomeMy WebLinkAbout2840 and shall perform, comply euith and abide 6y each need every flee agreements, sttpulaltorit, conditions and
covenarefs the?eof, and of tleis mortgage, then this mortgage and the estate hereby created, shall cease, do-
fermine and be null and void.
end the mortgagor leernby further covenants and agrees fo pay promptly when due the principal and
irtferest acrd of{ter sums of money provided for in said note and this mortgage, or either; to pay all and
singular the fares, assessments, leutes, liabilities, obligations, and encumbroncea of every naluro on said pro-
perly; to permit, commit or suffer rto waste, impairment or deterioration of said land or the improvements
Iherecn of arty lime; fo heep fire buildings now or hereafter on said land (ally insured in a sum of not less
than-------------------------full insurable value-------------------------------
in a conttrarty or companies acceptable fo the mortgagee, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in the eve?et arty sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have 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's Jess and fills
searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and rnnenants of said note and flits mortgage,
or either: fo perform, comply with and abide 6y each and euery the agreements, stipulations, conditions and
couenarels set forth in said note and this mortgage or either. In the event the mortgagor Jails fo pay when
due any fax, assessment, insumrce premium or other sum of money payable 6y. virtue of said note and this
mortgage, or eilltPr, the mortgagee may pay the same, without waiving or of
fecfing the option fo /oreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate `then allotucd by the Iau~s of the State of Florida.
~l any sum of money herein referred f0 be not promptly paid within thirty (30) days next alter
the snore becomes due, or if each and every the agreements, stipulations. conditions and covenants of said
note acrd this morfcra~re. or either, are rtot fully performed, complied with and abided 6y, then the entire
sum mentfonecl in said note, artrl this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said Hole or herein
to the contrary notwithstanding. 1'aihrre by fbe mortgagee fo exercise any of the rights or options herein -
providc~d shall not constitute a u+aiver of any rights or options ender said note or this mortgage accrued or
tbernafter accnring.
~n ~itnfss thereof, the said morfryayor bas Iternunto sinned and sealed these presents the
day and year first above u~riften.
signed, sealed and delivered 'n the presence of
FLOYD M`
v OLA P. REID
I
I
i
i ,
i
STATE OF wit D
t ~ ~H EBY CERTIFY that on this day, before me, an
E ! officer dul~• authorized in the S r aforesaid and in the Count • afore id to take acknowledQmcnu,
> personally appeared
i
i FLOYD M. REID and LEOLA P. REID, his wife
~ to m.• known to M• the person S described in and who executed the forcgoinq instrument and they acknowledged •
E I ~ Ix•(orr the that they executed the same.
~ ~ ~~'I1 \ESS my hand and official seal in th.• County and State last aforesaid this day of I
~ i
a April:~~'~~~• D. 19 79
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j '"'•~,e~R~ C9..`~°,.:~•'~ 442'794 C' ~ , l 1 Q ~
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SAS
aT~as~~
'I'bis hrs/rrnrrcrrl prrpnrrd by: flies tnst~t„ttent ANITA M. LO PRESTI
~v+fea B~ • ~
r~mPeeY. 1>~Okeechobee Rotd, Fort °ia*~^, Fl^r.~i~t 33447
/~clrlm~s nr' Q
i SCC!(tilJ 1 ~aC~28~ ss s n•c~ss~ry .rtudertt to the fulfd',ment of wnditiora conte:red in • title -
"'tur~ t:s ramrrtment lssiltl try R
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