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HomeMy WebLinkAbout2891 t and shall perform, comply with and abide by each and every the agreements, stipulations, rnndttions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, :hall cease, de- termine and be null and void. Ti1L1~ the mortgagor hereby jwlher covenants and agrees to pay promptly when due the principal and ittferest and outer auras of money provided for in said note and fhb mortgage, or either: to pay all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty; to permit, commit or suffer no waste, impairment or defertoration of said land or the improvements thereon at any time; to beep the buildings now or hereafter on said land fully insured in n aura of not less than full insurable value in a company or companies acceptable to the mortgagee. the poltcy or poltdes to be heW by, and payable to, said mortgagee, and in the event any sum o/ money becomes payable by virtue o/ such insurance the mortgagee shall have the right to ?eceive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any stuplw: to pay all costs, charges, and expenses, including lawyer's fees and ttfle searches. reasonably inctured or paid by the mortgagee because of the failure of the ntortgngor to promptly and jolly comply with the agreements, stipulations, conditions and covenants of said note and fhb mortgage, or either; to perform, comply with and abide by each and every the agreement, 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, assessment, 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 affecting the option to foreclose or any other right hereunder, and all such payment shall bear interest from date thereof at the highest law- f ul rote then allowed by the laws of the State of Florida. ' any sum of money herein ref en~ed to be not promptly paid within -15, ^ days next after the same becomes due, or if each and every the agreements, stipulations, conditions and rnvenant 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 balance unpaid thereon, shall forthwith or thereat ter, at the option of the mortgagee, become and be due and payable, anything in said note or herein fo the rnnfrory notwithstanding. Failure by the mortgages to exertfse any o/ the rights or opKons herein provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or thereafter accrussing. ` ~1u1eSS ~~~f, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY Apps 3 61U 67 TOGETHER iiTITH ACCRUED INTEREST, IF Signed, sealed and delivered in the presence o : ANY, AND AT,T, ApVAN~S MADE BY THE _ RTGAGEE UNDER THE TERMS OF THIS MO - -r.-s~~.--------•---------------------- t- ROBERT F. cR BERTS, JR. ff f I STATE OF FLORIDA. COUNTY OF MA RT I N I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the Statc aforesaid and in the County aforesaid to take acknowkdaments, personally appeared ROBERT F~ McROBERTS, JR. 6 to me known to be the person dcscr~bed in and who executed the foregoing instrument and he acktwwkdaed ~ before the that h e executed the same. WITNESS my hand and official seal in the County and State last aforesaid thu ~ day of CG~~,~ A. D. 19 7 9 ,~~9 Notary Public PtGtiNUc~ State of Florida at Large FtlEUihCOUN~YASa' My Commission expir s: ST.IUC E P01Tft ROKCR„C~ITCCUA (NOTARIAL SEAL) ~ ~s~i;?s~~.~},.- ~ RkCCRD H=1''i'~"n -~rrt aflVn p11~1t, Stit! OI ROR~~., Ml? f„owtnission Etcpins NVrtit.~'; ts+51 . ; ' . _ ~ t~psdsd Nr b _.r~rnt rr. l i~ji~r - - = _ This Instrument Prepared By: L j ~ ~ i P,O!<ERT F. McRO8ERT5, JR. . ~ `r _ ~ BERTS, WARNER, FOX d, SEELEY T7iu Iruirualatt Pa'Fa> " ; ...+3=..,,- CHARTERED ' " ' Attorneys At law ~ ~ ~.1 ~ ` +t?n~ ~ " Adil~s R , ~1,v Suite 301 -Stuart Nat'l !look Bldg. ~U(;K{~ l=a(iE ~ 301 E Oceao flhrd. - P. O. Drawer 6 ~ . . Stuart, Florida 33<94