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HomeMy WebLinkAbout1587 i and shall perform, comply with and n6ide by each and every the agreements, stipulations, conditions and covenants thereof, and of this mortgage, then this mortgage and 1ha estate hereby c?eated, shall cease, de- termine and 6e null and void. the mortgagor hen+by further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for In said Hate and this mortgage, or either; to pay all and singular the taxes, assessments, levies. liabilities, obligations, and encumbrances of every nature on said pro- perly: to permit, commit or scat jer no waste, impairment or deferiorofion of said land or the improvements thereon at any time: to beep the buildings now or hereafter on said land fully instued in a sum of not less than asrount of the Promissory Note sec-cared hereby 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 even! any sum of money 6ecomea payable by virtue 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 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. t i or either; to perform, comply with and n6ide 6y 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 sum of money payable by virtue of said note and this mortgage, ar either, the mortgagee may pay the snore. without waiving or of fecfing the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest Inw- f cal rate then allowed by the laves of the State of Florida. ~l any sum of mo?tey herein ref erred to 6e not promptly paid within 30 -days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said ~ note and this mortgage, or either, are not fully pe?lotnrted, complied with and abided by, then the entire l 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 be due and payable. anything in said note or herein ~ !o the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein I f pret~idrd shall no! constiltalr n tcniver of any rights car options under said note or this mortgage accrued or ~ thereafter accruing. `I ~ ~n ~l~(ltSS thereof, the said mortgagor bas hereunto signed and sealed these presents the day and year first above tvritfen. f 3 { t Signed. sealed and d ~ered in Ilte presence of 1 'i - - ~ H. MILER - . ~ CAROL S. MILLER i i~ 1 1 i t f S i I STATE OF FLORIDA. • COL \TY OF S~j' jtjC~ • I HEREBY CERTIFY that on this day, before me, an of(irer duh authorized in they State aforesaid and in the Counq• aforesaid to take acknowledgmenu, personally appeared Wg1RR>•N H . MILLER and CAROL S . MJL , his wife, . to m~• known to hr the p•rsonS described in and who executed the foregoing instrument and ackrwwledged Ix•fon• me that they executed the same. ~~"iT\ESS my hand and official seal in the County and State last a(ornaid this 3]~t day of October n. I9 79 r • c~~- r No tic trty collmission Expires: 4~J~ '1 11 CL s•h? rJ 4~~fi ,rte ' ...~i ~ t S ROGCE t,t~~;i,~$~f~l~.. '~a~::t?il;;:• FR t',17R~5 ~ CLERK CIRCU~f `I'.i1L'Fr~! 7 r ' ~ ~ a~~'?x319 P~~~1580 ~