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and shall perform, comply faith and abide by each a?td every fire agreements, stipulation's, conditions and t
covenants thereof, and of this mo?tgape, then this mortgage and the estate hereby created, shall cease, de- i
termirte artd 6e null and voirl.
~nd the mort a or hern6 t
g g y f art{ter covenants and agrees fo pay promptly when dt.e the principal and- i
tnferesf and other sums of money provided for in said note and this mortgage, or either;- to pay a[I and
singular the tuxes. assessments, Ieuies. liabilities, obligations, and encumbrances of every. nature on said pro- t
i
perty; to permit, commit or srrJfer rto waste, impairment or deterioration of said land or the improvements j
fherecn at any time; to keep the buildings note Or hPfPQJtPr on said land fully insured in a sum of not less
than s
in a company or companies acceptable fo the mortgagee, the policy or policies to be held 6y, •and payable ~
to, said mortgagee. and in the evert arty sum of money becomes payable by virtue of such insurance the
mortgagee shall hone the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any strrpltrs: to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred ar t?aid b> !hc mo:lgagee because of the Jnilure of the mortgagor fo promptly
and fully comply u~ilh 11rP agreemerrfs, stipulations, conditions and covenants o/ said note and this mortgage, {
or either: to perform, comply twit{? and abide by each and every the agreements, stipulations, conditions and ~
covenants set forth in said note and this mor[gage or either. In the event the mortgagor Jails to pay when
due any tar, assessment, irrstrrartce premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or ajJecling the option to foreclose
or any other riryht lrerPtrrtder, and all stech payments shall bear interest from date lherroJ at the highest law-
ful mte fher alloraed by the laws of the Staff of Florida.
arty sum of ntorrey 1terPilr relerrPd to bP not promptly paid within thirty days next alter
the same bPCODIes due, or if each and every the agreements. stipulations. conditions and covenants of said
note and this mortyaryP, or either, are not /ally perJormPd, complied with and abided 6y, then the entire
sum mentioned in said mote, and this mortgage, or the entire balance unpaid thereon, shall forthwith or ~
thereafter, at 1hP option of the mort-ryageP, become and 6e due and payable, anything in said note or herein ~
to fhP contrary nohvithstanding. I'ailtuP by the mortgagee to exercise any of the rights or options herein
provided shall not consfihrte a waiver of any rights or options under said note or this mortgage accrued or
Ih_ereafter accnrinf).
r
~n ~~tness thereof, the said mortgagor has ltereaurto signed and sealed these presents the ~
day and year first alrore u~ritlen.
Signed. scale n/d delivP ed in the ; se?u-P o{:
_
!~f ~ /
• Kenneth T. Ray
i
- _ - ul~
L
® ~
STATE OF FLORID4,
I HEREBY CERTIFY that on this day, before me, an
f officer duly authorized in the State aforesaid and in the Count}• aforesaid to takr acknowledgments, personally appeared
KENNETH T. RAY
to me known to Ix- the person' described in and who executed the fore¢omq instrument and ~~ji acknowledged
• beiorc me that ~Y executed the same. 7
I ~~'1l XESS my hand and official scat in the County and Stad• last aforesaid this •~i 3 y day of
October, n. 19 79.
~s;
No ry Public -State o
,x c'~,i~=
~ i 24 1 at Large . i'~~+
I J C J ~ ~ . ~t
L. My Commiss`io Expires: ~~--:~'_-~a•~~
ST LU~:E Cis"; 'i ~ .,r~e
TiEC~~D~•• ~ ~ s
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