HomeMy WebLinkAbout0477 and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and'
covenants thereof, artd o/ this mortgage, then this mortgage and 1hs estate he.taby created, shall cease, de-
te?mine and be null and void.
~~the mortgagor hen+by further cvvenants and agrees to pry promptly when due fhs principal and
interest and other sums of money provided for in said note and this mortgage, or eifl~er: to pay nll and
singular the faxes, assessments, levies, ltabtlifies, obligations, and encumbrances of every nature on said pro-
perty: to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
iherecn at any time; to beep the buildings Hour or hereafter on said land fully insured in a sum of not less
than 300, 000.00
in a company or rnmpanies acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money 6ecomea payable by virtue bf such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor (or any surplus; to pay all rnsts, charges, and expenses, including lawyer's fees and tills
searches, reasonably i?tctrrred or paid by the mortgagee because o) the jailttre of the mortgagor !o promptly
and fully comply with the agreements, stipulationu, conditions and covenants of said note and this mortgage.
or either; fo perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and thia mortgage or either. In the event the mortgagor (ails to pay when
due any fax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without wniuing or of
jecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
f ul rate `hen allourerl by the laws of the State of Florida.
~l any sum of money herein re'eRpd t0 6e not promptly paid within ten (10) days next after
the same becomes due, or i/ 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 by, 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 be due and payable, anything in said note or herein
to the contrary rtoturithstanding. Failttre by the mcrtgagee to exercise any of the rights or optioru herein
provided shall not cortstitttte a waiver of any rights or options under said note or this mortgage accrued or
!hereof ter accruing. -
~n ~~uleSS ~heeeof, the said mortgagg~o~r has hereunto signed and sealed these presents the
day and year first above u~ritfen. THK tS A BALLOON MORTGAGE, AND THE FINAL
PAYMENT OR THE BALANCE DUE UPON MATURITY
ne -seal 'vernd in the prnsence of - IS = 41, 600.00 TOGETHER W1TH AC-
_ - - ~ CRUED INTERRST, IF ANY, AND ALL ADVANCE-
- - IiAi1iTS MADE ~BY THE MORTGAtdii--ktNDfdE•-;~
` ~ s TERMS OF THIS MORTGAGE.
f - - - - - • - -
~ _ _ _ _ - _ - - _ I ~ R WI-~~--
MICHAEL FIORILLO
STATE OF FLnRIDA,
CnliNTY OF ~..t. a
1 HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, prrsonaUy appeared
MORTIMER M. WILLIAMS and MICHAEL FIORILLO, as tenants in common,
to me known to Ix the person S described in and who executed the foregoing instrument and they acknowkdRed
Ixtorc me that they rxccuted the same.
N'I'1:tiESS my hand and official seal in the County and State last aforesaid this ~ day of
~ December , A. D. 19 7 9 .
l . .N to .tic---- -
) _ rY
~'.;~totary Seal) My Co fission Expires:
-c7 ~y . -
= s ~ ~ ~ HT. LU: :LR "KStaR~ rti1lL~t STatF Ctl FLORIDA AT LAK'~
~ CA > > ; `o - ' F;.:.: _ Mf tlQMAIIISSICiN O~IRE,S SElT . f? IVtll
:7 r: j ClE ~ • _
~~a r ~ IWpI C#.NtkAl 1?~15 t1N0fRWRttERS
~ti RED-.
- . SEC I2.~~ 79
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