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HomeMy WebLinkAbout2575 • . and shall perform, comply with and abide by each and every the agreements, sttpulnttoris, conditions and rnvenanta thereof, and of This mortgage, then this mortgage and the estate hereby created, shall eea:e, de- termine and be null and twirl. the mortgagor hereby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided jor in said note and this mortgage, or either: to pay nlI and singular the faxes. assessments, levies, liabtlifie:, obligations, and encumbrances of every nature on said pro- perty: to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements thereon at any lime; to Iteep the buildings now or hereafter on snid land jolly insured to n sum of not less thnnfulli113urablevalu~e------------------------..-- in ncompany or rnmpantes acceptable to the mortgagee, the policy or policies to be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the mortgagee shall have the right to receive and apply the-name to the indebtedness hereby secured, accounting to the mortgagor jor any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title 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 covenants of said note and this mortgage. ' or either; !o perform, comply with and abide 6y each and every the agreements. atipulafions. eonditiora and covenants set forth in said note and this mortgage or either. ?n the event the mortgagor fatb to pay when due any tax, assessment, insuronce 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 affecting the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest 1aw- (ul rate then allowed by the laws of the State of Florida. ~l any sum of -money herein referred to be not promptly paid within t~f1 days next of ter the same becomes due, or IJ each and every the agreements, stipulations. conditions and covenants of said note and this mortgage, or either, we 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 thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not cortslittrte a waiver of any rights or options under said note or this mortgage accrued or thereat ier accnring. ~n ~itntSS thereof, the said mortgagor has hereunto signed and sealed these presents the day and year first above u•ritfen. Signed. se ed and vered in the presence oj: STATE OF FLORIDA, COUNTY OF PAllli 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 appearrd I~~l~ to me known to be the person described in and who executed the foregoing instrument and lle acknowkdged before me that be executed the same. ~~'I'1'NESS my hand and official zeal in the County and State last aforesaid this `Z8tt1 day of AU$ILSt A. D. 19 ~ itlirJi?I±_, - R. 1 E-: r, ; , ~ Large y......,- ~ - - ' ; . Notary Public, State of orida at 4, c =.t - ~ ; c ~ ~ `s ~ 9 ~ My (bo~mission e~ires : r; - 8/ Jl ~ . - t~ Kim 45~73'7`7 g~;K3i5 P~E25`~0