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HomeMy WebLinkAbout0732 and shall perform, comply u+ith and abide by each artd et+ery the agreements, stipulations, conditions and cat+enants thereof, and of this mortgage, then this mo?fgage and the estate hereby created, shall cewe, de- termine and be null and void. T1~ fhP mortgagor hen+by further covertanls and agrees to pay promptly when due the principal and interest and other sums of money provided jor in said note and this mortgage, or either; fo pay all and singular flte taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on sold pro- perty; fo permit, commit or strjjer rto u+asfe, impairment or deterioration of said land or the Improvements therecrt of arty time; fo ~eep the buildings rtou~ or hereafter on said land jolly insured in a sum of no! less than the highest insurable value thereof in a company or companies acceptable to the mortgagee, the policy or policies to he held by, and payable to, aaid mortgagee, and in the event any sum of mo?tey becomes payable 6y virtue of such insurance the mortgagee shall hat+e the right fo receive nrtd apply the same to the indebted?tess hereby secured, accounting to the mortgagor jor any surplus; to pay all costs, charges, and expenses, including lawyer's fees and title searches. reasonably incurred or paid 6y 1he mortgagee becatue of the failure of the mortgagor to promptly and jolly comply u+ith the agreements, stipulations, conditions and cot+enants of said note and this mortgage, or either; to perform, comply u+ith and abide 6y each and every the agreements, stipulations, conditions and COt+PnallfS set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurmtce premium or other sum of money payable 6y virtue of said note and this mortgage, or eillter, the mortgagee may pay the same, without u•aiuing or affecting the option fo foreclose or any other right hereunder, and alI such payments shall bear interest from date thereof of the highest hxw- jul rate then allowed l,y the tau+s of the State of Florida. - ~l a?ty st?m of money hPrPi?? referred 10 be not promptly paid within 30 days next after the same l,ecomes dt?e. or if each and every the agreements, stipulations, conditions and covenants of said nota and this mortgage, or either. are not jolly performed, complied with and abided by, then the entire sum mentioned in said note, a?td this mortgage, or the entire balance unpaid thereon, shall jorthwith_ or ' thereafter, of the option of the mortgagee, become and 6e due and payable, anything in said note or herein to the contrary nofu+ithstandi?tg. Failure l,y the mortgagee to exercise any of the rights or options herein provided shall not constitute n u+aiver of any rights or options under said note or this mortgage accrued or - thereajter accruing. ~n witness whereof, the said mortgagor has I,ereunfo sictned and sealed these presents the day mul year first above u~riften. Signed. sealed and delivered in the presence oj: ~ .~.n ~ - - D. K. JtI~HARDSO~ j - - - - -ter?-s-t~---7~--'~ -~-`-=f -Cc,c-cLa`-"---- ~ RIE H. RICHARDSON I ~ - - DAVIS ENTERPRISE, INC., a _ - . _ - - - __FLar-ida--.corporatioza------------ - B o avis , Jr . , I - Px'~s-. (Co=p. 3ea~ STATE OF FLORIDA, _ - COL'\TY OF ~ ~ ~ ~ t•` I IIEREBY CERTIFY that on this day. fiel':ore me,-t?rt officer dul~• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, perfonally apptaTed D. K. Richardson, Marjorie H. Richardson, and Joe L. Davis,•~Sr.y~" President of Davis Enterprises, Inc: a Florida coreration to me known to be the person g described m and who execute the (ore¢o~ng instrument n they ~ekrwwledged be(on• me that they executed the same. - - 1~"1'I:\F.SS m~• hand and official seal in the C:ount)• and Stat~• last aforesaid this 30th day of November 79. D. t9 _ Nota Public, State of Fla. at La e My Commission Expires : 9'-/(0 - £r~ • - _ , - ~ ' ;I - . 1'lrrs I?tunilnr•~~l rr~~urr•d hy: ~r>'r~rr7s ''R 321 F~sE 732 ~ ;i.,K.