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HomeMy WebLinkAbout0281 and shall perform, comply with and abide by each and every the ogreements, stipulatiors, 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. Iind the mortgagor hereby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided /or in acid note and this mortgogs, or either; to pay all and singular the taxes, assessments, levies, liabilities, obligations. and encumbrances of every nattue on said pro• party; fo permit. commit or suffer no waste, impnirmen! or deterioration of said land or the improvements thereon at any time; fo keep the buildings now or hereafter on said land fully insured in n sum of not less than full and insurable value. in a company or companies acceptable to the mortgagee, the policy or policies fo be held 6y, and payable to, acid mortgagee, and in the event any sum of money becomes payable by virtue of such instuance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyers fees and title searches, reasonably incurred or paid 6y the mortgagee because of the failtu~e of the mortgagor to promptly and fully comply with the agreements. stipulations, conditions and covenants of said note and this mortgage. or either; to 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 tax, assessment, insurance premium or other stun 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 any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- ~ f ul rrle the„ nllntpo.{ 6y 1{sn lows o/ the State of Florida. ~l any sum of money herei?t re(prred to 6e no! promptly paid within thirty days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said note and ibis mortgage, or either, are not fully performed, complied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, nt the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to 'exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or (hereafter accruing. ~ ~n witness ~ thereof ~ the said mortgagor has hereunto signed and sealed these presents the day and year first above written. Signed, sealed and delivered in the presence of ~ ~ ,t' . / o ~ ohn William Norris, Jr. ~ ~ ~ C' ; Jai nne Dorris I ~ ~ STATE OF FLORIDA, ) COL:'vTY OF Palm Beach S I IiEREBY CERTIFY that on this day, txfort mc, an officer duly authorized in the Statt aforesaid and in the County aforesaid to takt acknowledgments personally appeared I John William l~orris, Jr, and Joanne Norris, to me known to be the person g dtscribtd in and who exrcuted the foregoing instrument and they acknowledged before me that they extcuted the same. N`ITNESS my hand and official seal in the (:ounty and State last aforesaid this ~;Z ~ day of OCtOber A. D. 19 ']9. l _ . _ ~ - ~ No ary P tic, State of Florida ~;y cott>;nission expires (SEAL) " - . . ~ ~ ~.t _ 'lat.; y oubH~. St~fe of fto.ida :+t La ~ ~ i.fy 4ornmiss,on E,pires March 26. 1982 j' = ~ ~61'T11 This instrument prepared by- ; John S. Call, Jr. P.o. Box aa9 _ I Palm Beach, Florida 33480 st.,•:~~~=i:c ~s'~~~= ~!~I~~1 f~rf. , .r ~ ~ ~ ~«c./ ~I ' ' ~sGf