HomeMy WebLinkAbout1286 and shall perform, comply with and abide 6y each and every the., agreements, ttipubtions, conditions and
covenants (hereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease. de-
termine and be null and void.
nl~{I the mortgagor hereby further rnve?eants and agrees to pay promptly when dw the principal and
i?tter+es! and other sums of money provided for in said note and this mortgage, o? either: to prey all and
singular the taxes, assessments, levies, Itabililtes, obligations, and sncumbrortces of every Wotan on said pro- I
party; fo permit, commit or suffer no waste. impairment or deterioration of :aid bnd or the improvements ~
therrcn at any tams: to peep the butldinga now or hereafter on said bred jolly insured in a sum of not lest
than highest insurable value
in a company or companies acceptable to the mortgagee. the policy or policies to be held by, and pnynble
to, avid mortgagee, and in the event any sum of money becomes payable by virtue df such insurance the
mortgages shall have the right to receive and apply the same to the indebtedneu hereby secured, accounting
fo the mortgagor jar any surple?s; fo pay all rnsts, charges, and expenses. including bwysr's fees and title
searrhe:, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreemen(s, sttpubtions, conditions and covenants of said note and this mortgage.
or either; to perform, comply with and abide 6y each and every the agreements, sttpubttorta, conditions and
covenants set forth in said note rend thia mortgage or either. In the even! the mortgagor fail! to pay when
due any tax, assessment, insurance premium or other sum, of money paynbls 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 alI ouch payments shall bear interest from date thereof of the highest bw-
(ul rate then allowed by the bass of the State of Florida. ;
` :
~L any sum of money herein referred to be not promptly paid within 30 days next otter i
the sams 6pc-omes disc, or i j each rend every the agreements, stipubtions, conditions and covenants of said
note and this mortgage, or either, are not fully perfon?ted, complied with and abided'6y, then the entire
sum mentioned in said note, and this mortgage, or the entire babnce unpaid thereon, shall forthwith or
fherenjter, at the option of the mortgagee, become and be due and payable, anything in :aid note or herein
to the contrary notwithstanding. Failure 6y the mortgagee fo exercise any of the rights or opftoru herein
provided shall not constitttle a waiver of any rights or options under said note or this mortgage accrued or
(hereafter accruing.
~n ~t~r~S ~itet~of, the said mortgagor has hereunto signed and sealed these presents the
day and year first above tvriNen.
Si ne Baled and de i ~ered in the MIDSTATE 6 EVELOPMENT, INCr,+~~"
g d I presence o(:
L .
~.i
- ;
J
_ ,
j - - - - _ _ ~ ~ _
-
.
-
E
~
g ~ ~ ~ ,
STATE OF FLORIDA, J ~ ` ,
COUNTY OF Martin ~ ~ • ~ `
e I HEREBY CERTIFY that oa xhis diY,~~betore.ptt, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknorvkdgmenfsy" personally appnred
R. C. Fripp, President of MIDSTATE LAND ~ DEVEIAP!'D:NT, INC.
to me known to be the person described in and who executed the torcgoinq instrument and he ackrwwkdRed
; _
before me that he txccuted the same.
x ~~'I'I;~iESS my hand and official seal in the• County and State last aforesaid this 8th day of
June A. D. 19 ~9.
1
~
z t
. ' - ; ~ :T r a Notary Public
0 ~ ~ ~ - , My Cot®ission expires
N ? Sq~~t1i X.3•±....
t- ; ~w - R~LQtK~~i7 Notary Public, State of Florida at Large
•
• ' f.:CDRS~'~!t= My Commiuton Expires Feb. 21, 1982
' _ ^ . 1~ ~ Bonded thru Cornelius. Johnson 6 Clark Ittc.
X4'7430
s
THIS INSTRUTAENT PREPARED [ill:
Thu I,utnim~tri prrpnrrd by: TI=REr+:tH P. A4cCARTiiY
~thlrrss ~ !5S S. Federal Hiyltway 80G1t 310 mct
- ifwrt, florids 331M -