HomeMy WebLinkAbout1955 and shall perform, romply with and abide by each and every the agreements, sftpulalioni, conditions and
covenants !hereof, a?td of this morfgape. then this mortgage and the a:tats heroby created, shall cease, de- ~
(ermine and be null and troid. ,
fhP mortgagor hereby further rnvenonls and agrees fo pay promptly when due fhs principal and
irtteresf and other sums of money provided jor to said note and this mortgage, or either: to pny all and
singular IhP !axes. assessments, levies, liabilities, obligations, and encumbrances of every nature on sold pro-
perty: to permit, rnmmil or sttf
ter no waste, impai?menl or deterioration of sntd land or the improvements
fhPMCn of arty IimP; to RPPp tltP bttildings now or herPa(fP? on said land fully Insured to a sum of not less
Than N/A
in a company or companies acceptable ro the mortgagee, the policy or policies to 6e held 6y, and payable
to. said mortgagee. and in the event any sum of money 6PCOmea payable by virtue of such insurance the
mortgagee s11all have the right to receive and apply the same fo the Indebtedness hereby secured, accounting
fo fhP mortgagor jor any st/rpltls; to pay all costs, charges, and expenses, including lawyers jeer and tills
searches. rPasortably irtctlrred or paid 6y the mortgagee bemuse of the failure o/ the mortgagor to promptly
and fully comply with the agreements, stipulations, rnnditions and covenants o) said note and this mortgage.
or either; to perform, rnmply with and nbide 6y ench and every the agreements. stipulations, condilio?u and
covenants set forth in said note and this morfgnge or either. In the event the mortgagor falls to pay when
due arty fax, assessntertt, insurance premium or other st/m of money payable 6y virtue of said note and this
mortgage. or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or arty other righ! herPtlnder, and all such payments shall 6ea: interest /rom date thereof of the highest law-
jUI MIP then QIIOIUed bV fhP IalUS Of the Staff Oj Florida.
~f any sum of money herein refened f0 be not promptly paid ruilhin 30 days next ajler
the same becomes dtle, or if each and every the agreements, stipulations, conditions and covenanb of said
note and this mortgage, or either, are not jolly perjot•rlted. complied with and abided by, then the entire '
sum mentioned in said rtotP, artd this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of 1hP morigageP. 6PCOMP and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee !o exercise any of the rights or options herein
provided shall not constihtlP a u•ainer of any rights or options under said note or Ihis mortgage accrued or
thereafter accruing.
~n ~itneSS ~hft~eof, !hP said mortgagor bas hernl/nto signed and sealed these presents the
day and year first ab0l'P u'rilfen.
Signed, sealed and dPiivered in the presence of
Cb C. ~ALLA~~
^ J - -
- -
- ` ~ DONNA G . WALLA E
I ~ - - - _ - - -
Fk
Y
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I
I STATE OF FLORIDA,
I I COC:~'TY OF Indian River
I HEREBY CERTIFY that on .this day, before me, an
officer dull authorized in the State aforesaid and in the County aforesaid to take ackrwwledgments, personally appeared
t SCOTT C. WALLACE and DONNA G. WALLACE, his wife,
f {
to me known to be the pe-rson 3 described in and who executed the foregoin¢ instrument and who ackttowledged
before me that they executed the same. #
k~'I7MESS my hand and official seal in the Count n to last aforesaid this a day of
Yfftfttit>la /nA~A. D. 19 79.
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