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and shall perjorm, comply with and abide 6y each and every the agreements, stipulntions, conditions and
covenants thereof, and of this mortgage, Then Zhu mortgage and the estate hereby created, shall cease, de- ~
termine and be null and void.
the mortgagor hereby jwfher covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encttmbrnnces of every nature on said pro-
perty: to permit, commit or suffer no waste, impairment or deferiorofion of said land or the improvements
thereon at nny lime: to tteep the buildings now or hereafter on said land fully insured in a sum of not Less
than not applicable i
in a company or companies acceptable to the mortgagee, the policy or policies fo be held by, and payable 3
lci, su?:i srifirt~jagefy, arrd to the event any sum of nrottey lrecornes payable by vi?itre of such insurance 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 by the mortgagee because of the failure of the mortgagor to promptly
and fully comply urifh the agreements, sfiptrlntions, conditions and covenants of said note and this mortgage,
or either; to perjorm, rnmply with and abide by each arrd every the agreements, stipulations, conditions and
covenants set forth in said Hole and this mortgage or either. /n the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum 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 t
or any other right hereunder, and all such payments shall bear interes! from dale thereof of the highest law-
Jul rate then allowed 6y the laws of the Slate of Florida.
~l any sum of money herein referred to 6e not promptly paid within thirty(30) days next after
the same becomes due. or ij each and every the agreements, stipulations, conditions and covenants of said
note and this morfgnge, or either, nre not jolly performed, complied with and abided by, then the entire
sum mentioned in said note, and this morfgnge, or the entire balance unpaid thereon, shall jorthtyith or
thereafter, at the option of the mortgagee, become and be dtte and payable, nrrything in said note or'herein
to the contrary noturithslanding. Failure by the mortgagee fo 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
thereafter accruing.
. • ; ~ /fro
,a, ; ~
~ rh--~` '.j~. ~ _ ~n ~l~n~SS ~!K`L~L the mortgagor has caused these presents to
s r~ ~ o ~COR/'OR:tTF.
~ ~ ~ r: - SEAL) be ereculed in its name, and its corporate sear to be hereunto affixed, by its
•-,y~... ~ ~ -
•'~~1Z.'- T proper officers thereunto duly authorized. the day and year just above written.
a ti - . ~ - -------~-----/~j= .INDRL- °:-GROVE I
j Y= ~ ~ ' ~`~'?~atherine M. I?ferk Asst $~•rmtary a Fl da co or t'on
c ~ Signed, sealed and tleliuered in the prnsence of
_
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~ _
- - John E . Merk t
s r_ JlM
yi
F II
f
~ i ~~1te Of FLORIDA
{ ~V~~ 0` PALM BEACH COUNTY
i
1 tlERF.B)' CF_RTFF•Y that on this da;. lr~orr rrw. un of
jirn duly owlwrized in rte State and County oJonsaid to talre ac6nou~4dg-
~ rrvnts.penonauyappearrd Johrt E. Merk and Catherine M. ~aerk,
~
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4~e11 l~nua~n to to 6e ?hp R.P.,drnt and /~.SS t .Secretary nspec4rrly o/ the corporation mrntd m
3 mwtgagor in Il~r ~orrgoing inftrumtnl, oral tF~ot iS~y x~Yrolly acl<nouardgrd ~recutinq ll~e same, in IlK pnsenc+r ~ loo wlscrilwng wilnrssea.
lreel~ and roluntmily under authority duly rrsted in r6Pm 6y soid ca
porotion and ttiat t),e aea? a~rised t?,enta is tl~e tr„e corporate ,eat d
} I Said corporation.
- i~ WlT.1F_S$ my l.an.i and o~~iciol seal in tl~e County orsd Slate last a(orrsoid Il~if _T ',Y doy ~ ^i . t V,
A n t979.
~639'~`7
J
~ ~~i 26 yr ,t-`~-•--- - ~ t : ~
~ _
- ~ ~ Nita-' P'u~Yic; 5fa~-e' of~~Tori~"a"at
j~ -r . `~'~%~Iy Commission Expires:
ST.I.U~I: "'.:vTY.~F: ~ ,'e•.:.• NOTI?RY Pll~llC STATE OF flORl!)J1 wT IARGf
FiCGER~FGI7ii:~5 ~•~-•'r•~-~"t'~+/~;;;~,~~' MYOOIr?MI5610NEAtRFS,1~.1 tit
I Cf;F C. ~~T t i~.: u S 9
c - - t 1ERS
1 -
7%iis /,rsma,ir•u~ prrpnrrd hy: Darrell Fe~ibe• >,1~.,~:~`:,• ~ (~k '7~(1tt~ }
o~»K319 Pa~E 1U~
,.~,/,~irxr 979 BeachlandBlvd. ~~ero '~ea~''~'~,~ 32960 -