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HomeMy WebLinkAbout2265 - • - - - T and shall perform, comply wills and abide by each and every Ilse agreements, ~tlpulatfoni. conditions sad rnvenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, d~- termine artd 6e null and void. 7UN!< the mortgagor hereby further covenants and agrees to pay promptly when dw the principal and tnlerrst and other sums of money provided for in seid note and this mortgage, or either: fo pay all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perly: to permit. rnmmif or suffer no waste, impairment or deferiornfton of said land or the improvement fherecn at any limp; to l{ppp the buildings now or hereafter on said land fully insured in a sum of not less than in n .company or rnmpanies acreplable fo the mortgagee, the policy or policies to be held by, and payable . to, said mortgagee, and in the event any sum of money becomes 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 moNgagor for any surplus; to pay all costs, charges, and expenses. including lawyer's fees and title searches, reasonably incurred or paid by the mortgagee 6ernuse of the failure of the mortgagor to promptly and fully comply with the agrepmertts, stipulations, conditions and covenants of said note and this mortgage. or either; fo perform, comply .with and abide 6y each and every the agreements, stipulations, conditions and covpnarrls set forth in said note and this mortgage or either. In the event the mortgagor fait 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 of feeling the option to foreclose or any other righ! hereunder, and all such payments shall bear Interest from date thereof of the highest law- f ul mte then allowed by the laws of the State of Florida. ~l any sum of money herein ref erred to 6e not promptly paid within 3O days next niter the same becomes due, or f f each and every 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 note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary nolu~fthstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constittrfp a waiver of any rights or options under said note or this mortgage accrued or Ihereaftpr accruing- ~n ~tttleSS thereof, !hp said mortgagor has hereunto signed and sealed these presents the day and year first above u~riffen. Signed, sealed and del' rrd in l presence of _ .-j • ~ -I W. E~ Qary STATE OF FLORIDA, j COliNTY OF ST• LUQ S I HEREBY CERTIFY that on this day, before me, an offirer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared ~ W. E. MARY to me known to be the person described in and who executed the foregoing instrument and t1e acknowledged before me that he executed the same. ^/~~-1Ck k~17~~ESS my hand and official seal in the County and State last aforesaid this O~V day of NOVember A. D. 19 79. E ~ Notary ic,State of Florida °t'9 ~~~r'f 21 ~E; 52 at Large . ~ . Si.LUC(EC(JYTY.flr. My COtelultitil0><1 expires ! ftQGER r'%ITRI~S F ~.J ~ 4~~820 ~ ~ bo~ae !ltis Lulrr~nrf»! prrpnr~J by: wln. s Atto=ae9 at 1sa ~K ~ Arfifrc~.(r g~s3 So. 2nd St• B07K 3~U PAGE ~s,t S rrco~'+4 -