HomeMy WebLinkAbout1650 and shall perform, ?-omply urifh and abide by each and every the agreements, sftpulnfto?is, conditions and
covenants Ihereoj, and of this mortgage, then Ibis mortgage and the .estate hereby orated, shall cease, de-
termine and lrr null and twirl.
Iin~ Ihp mortgagor {terehy further covPrtanfs and agrees fo pay promptly when due the principal and
interest artd other sums of money provided for in snid note and this mortgage, or either; to prey all and
singular the taxes, assessments, levies, liabilities, obligations. and encttmbrortces of every nature on snid pro-
perty; fo tx+rmif, commit or strjfer no u+aste, impairmen! or deterioration of said Land or the improvements
fhPrrcn at any timr: to lrPep the buildings now or hernajter on said land jolly insturd in a sum of not less
fhnn Mortgagee's full insurable interest.
in a compa?ty or compa?ties acceptable to the mortgagee, the policy or policies fo be held by, and payable
to, said morf(tagee, artd in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right fo receive and apply the same to the indebtedness hereby sectued, acrnunting
to the mortgagar for arty st?rpltts: to pay all costs, charges, and expenses, including lawyers fees and title
searches, reasonably incurred or paid by the mortgagee because of the {nilure o) the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and Ibis morfgnge.
or either; to perform, comply tuiflt 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 /ails to pay when
due arty tar, assessment, insurance premium or other sum of money payable 6y vlrfue of said note rend this
mortgage, or cif{ter, f{te morlgayPe 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-
jul rate then alloured by the laurs of the Staff of {=lorida.
D~ any sum of money herein relerrPd to be not promptly paid within 30 days next alter
the same becomes dtrP, or if each and PvPry the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said rtofe, and this mortgage, or the entire balance unpaid thereon, shall foHhwifh or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the confmry nofu+ifhsfmtding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall not cunslilute a u+airer of any rights or options under said note or this mortgage accrued or
thereof ter accreting.
~n witness thereof, 1{u• said mortgagor {tas berPllntO si(InPd and sealed these presents the 3
day and year f irsf a{rave evriffen.
Signed. sealed and IPlirere in flrP prnsence aj: \
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i
r STATE ()F FI.()RIDA,
E ~ COC~TY OF PALM BEACH
~ ~ I HEREBY CERTIFY that on this day, before me. an
officer dole authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
f JAMES KENT PURDY & KAREN L. PURDY, HIS WIFE
i
a i to me known to tw the person S described in and who exrcuted the forertorne instrument and have acknowledged ~
~ )rctore me that they executed tF.e same. ~
t1"IT~iE.SS my hand and offii ial seal in th~• C:ounty and Srrte last aforesaid this 19th day of
October D. 19 79
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= My coltuuission expires: 8- G
fit. /rlLE:, ah~ -t i ' 3
fiCL-ER t'EIT-.~S M
CLERK CG~CGli ~ iJi;F?
464~8~
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Thn /nslrrilnrJV/ pJV~+arr•J try: BEL LAND TITLE COMPANY ~
2240 PALM BEACH LAKES BLVD ~:~'~F''J~~ p~G~'i~~ ;
`1rlilrr_ct WEST PALM BEACH, FLORIDA 33409 ~ ~