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HomeMy WebLinkAbout2191 and shall perform, comply u~itll and abide by each a?Id every the agreements, sltpulnfioni, conditions and cavena?Ifs thereof. arld of this mort{tape, then tlti,~ mortgage and the estate hereby created, shall cease, de- • (ermine a11d I?P n11I1 alld 1`01(1. j~ i Iin~ the mortgagor hereby f u?fher covenants and agrees to pay prompfiy when due the principal and interest and other sums of money provided Jor in said note and this mortgage, or either; fo pay oll and ` singular the fares. assessnlenfs, levies, liabilities, obligations, and encumbrances of every nature on said pro- perly: fo permit. commit or suffer no waste, impairment or deterioration of said land or the improvements thereon nt any limp: to Irrep the buildings now or hereof ter on safd land fully insured in a :um o) not less than Nip in a conlparly or comps?ties acre>pfable fo the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the mortgagee shall have Ilte right fo rereit>e and apply the same fo the indebtedness hereby secured, accounting to the morlga~or for any surplus: fo pay all costs, charges, and expenses, including lawyer's fees and title searches, reasonably iruurred or paid by the mortgagee because of the failure of the mortgagor fo promptly ~ and fully comply u>ifh the agreements, stipulations, conditions and covenants of said Hole and this mortgage, or either: fo perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when due any fax, assessment, insurance premium or other sum of money payable by virtue of snid note and this mortgage. or either, the mortgagee may pay the snore, without waiving or of fecfing the option to foreclose or any other ri{fht hereilnrler, and all such payments steal! bear interest from date thereof at the highest law- ful mte then allau>e?1 by the tau>s of the State of Florida. ` ~ arty sum of money herein referred to be not promptly paid within 30 days next after ~L the sane becomes dt1e, or if each and every the agreements, stipulations. conditions and covenants of snid ROIP and this mortgage, or either, are not fully performed, complied with and abided by, then the entire sum mentioned in said note, acid this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, of the opfioll of the mortgagee, become and be due and payable, anything fn snid note or herein - fo the contrary nolu}i111c1andi1lg. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a u>aiver of any rights or options under said note or this mortgage accrued or Ihernaf ter arcnling. ~ 3 ` t ~n ~itneSS thereof, the said mortgagor tens hereunto signed and sealed these presents the day and year flrSf llhol'P u'riflen- vSigned, sealed and delivered in the presl`nre of n • ` MI L J. ON - ~1 - X - - - - - ~ - - X - - - - CONNIE M. CANNON } I ~ E f ~ i E STATE OF FLORIDA, 's ccn~~TV OF SAI?~;T LU~IE 3 I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared - l MICHAEL J. CANNON and CONNIE M. CANNON, his wife, e ! to me known to be the person S described in and who executed the foregoing instrument and Who ackrlowkdged before me that they executed the same. g ~ WI7:\ESS my hand apd official seal in the County and State last aforesaid this 7tt1 day of g :~;ay A. D. 19 79. ~ NOTARY P LIC - 19'19 ~+y ~o PK ~ 5~ - ~ MY COMMISSION EXPIRES: FI_cc At+': ~ ~r:~~' flC~~'c 6'+~i79t~ a ftJOtlf>11? AT tARGf 'OI,EiKt~Ciftu~1~"~(J~- t~t/lp II~K ~ 2~ Nfi. F:.~+l~i ~t:':irF:i L ~ ~ U1~ER1NftIfEbS ~ ~ 4461'76 E ~ ~ tYt 7 t.• , 1 %ru Ins~nnncnt p~rparc'd by: 80~K PAGi ~ ` - ~ ~ k ~ 2188 AIIili~ - u _ _ _ ~ _ ~f 4