HomeMy WebLinkAbout2587 and shall perform, comply with and abide 6y each and every flee ngnsments. stipulations. conditions end
covenants thereof, and of Ibis mortgage, then this mortgage and the estate hereby created, shnU eeose, de-
termine and Ge null and void.
Ii1Nfi Iltn mortgagor hen+by further covenant and ag?eea to pay promptly when due the principal and
interest and other sums o/ money provided for in said note and this mortgage, or either; to pay nlI and -
singular the taxes, assessments, leutea, liabilities, obligations, and encumbrances of every Wotan on said pro-
perty: !o permit, commit or suffer no waste, impairment or deterioration of avid Land or the improvement
therron al an time: to beep the buildings now or hereafter on said Land fully insured to a :um of not Iess
Ihan fui~ insurable value
in a company or companies acceptabG to the mortgagee, the policy or policies to bs held by, and payable
to, said mortgagee, and in the event any sum o/ money becomes payable by virtue of stub Insurance the
mortgagee shall hove the right to receive and apply the same to the indebtedness hereby secured, nceounting
to the mortgagor for any surplus; to pay all coal:. cha?ges, and expenses, including lawyer a jest and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, eortditions and covenants of stdd note and tht mortgage,
or either; to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
cvvenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay u;hen
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 njjecting the option to foreclose
or any other right hereunder, and alI such payments shall bent intersst from date thereof at the highest law-
juI rate then allowed 6y the laws of the State of Florida.
~f any sum of money herein reje.red fo be not promptly paid within thirty days next after
the same becomes dtte, or ij each and every the agnementa, stipulations, conditions and covenants of said
note and this mortgage, or either, are not jolly perjorrtiiicl, complied with •n?td abided by, then the entire
sum mentioned in said note, and this mortgnga, or the entire balance unpaid thereon, shall forthwith or
lhereajter, at the op[ion of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitrtte a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itntSS ~hrreof, the said mortgagor has hereunto signed and sealed these presents the
day and year /its! alioue written.
Sign ,sealed and delivered in the presence oj: o
-
A. KI - ~ -
STATE OF FLORIDA,
CouNTY of Indian River
I HEREBY CERTIFY that on this day, betorc me, an }
officer duly authorized in the State atorcsaid and in the County aforesaid to take acknowledgments, personally appeared
LEE A. KIMMEL
to me known to be the person described in and who executed the foregoing instrument and he acknowledged
before me that he executed the same.
WITNESS my hand and official seal in the County and State last aforesaid this - 23rd day of
October A, p- Ig 79
i
• ~ (seal
My Commission Expires~;.•~~• ~`~y
:f
vv,. J. ,4 ?
CLERK C{F."""
17iis I~is/nn,u„t ,rp~rrd hy: Joan L. Morris, Vice President
COMMERCIAL BANK OF VERO BEACH 601 2lst Street