HomeMy WebLinkAbout1018 and shall perform, comply urifh and abide by enc)t and every the agreements, sfipulattoris, conditions and
covenants thereof, and oI this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6P null and void.
1hP mortgagor Newby f urihPr covenants and agrees to pay promptly when due the principal and
interest and other sums o/ money prouided for In said note and this mortgage, or either; to pay all and
singular the .lases, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perly; to permit, commit or stt((er no urastP, impairment or deterioration of said land o~ the improvements
Iherecn al any time; to keep fhP buildings now or hereafter on said land fully insured to a sum of not less
than Full Insurable Value
in a company or c•omparties acceptable to the mortgagee, the policy or poltcie: to be held 6y, 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 fo receive and apply the same to the tndebtednesa hereby secured, accounting
fo the mortgagor for any surplus; to pay all costs, charges, and expenses, including lawyer's fees and tttle
searches, reasonably incurred or paid by the mortgagee because of the fntltrre of the mortgagor to promptly
and fully rnmply with the agreements, stipulations, rnrtdittons and covenants of sold note and this mortgage,
or either: to perform, comply u?ith and abide 6y each and every the agreements, stipulattoru, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor (ails 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
jPCting the option to foreclose
or any other right herPtrnder, and all such payments shall bear interest from date thereof at the highest lnw-
(ul rate then allowed by fhP Iatrs of tbP Staff of Florida.
any sum of money herein referred to 6e not promptly .paid within 15 days next after
the same becomes due, or if each and PvPry 1hP 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 notw~thsfanding. FailtrrP by the mortgagee to exercise any of the tights or options herein
provided shall not constittltP a u~aivPr of any rights or options under said note or this mortgage accrued or
t1lPreafter accruing. In the event the property above described is sold the obligation
secur rei`~,n~ sha 1 become` due and payable in full at the option of. the mortgagee
~n`ul~shereof, Ilte said mortgagor has llPrerlnt0 signed and sealP(t these presents the
day QrICI VPar f lest al)OI'P /1'rlttPn.
Slw~gn~APd//SPQIPd and dPI11'PrPd 111 t11P rPSPrICP Of
Wi e s Alvin Sa
w t ess~ . - - - - Beet y Se
p~.........-------
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j Ir
i! j STATE OF FLORID?1. 2
y COC\TY OF St. LL1Cie
I HEREBY CERTIFY that on this day, before me, an
~ o!licrr duh• authorized in the Stair aforesaid and in the County aforesaid to take acknowledgmcnu, personally appeared
Alvin Sapp and Betty J• Sapp, his wife
to me known to be the person s described in and who e):ecutrd the loregoinq instrument and they acknowledged
I~c(urc me that they executed the same.
1~'I"1 XESS my hand and o!licial seal in the (:ounty and State last aforesaid this 7th day of
December D. 19 79 _
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. lut'tE Notary Publlc `rO j
_ CIE ~ ;;1..: - ~ ~Rt • i Q f! cJ~
RECo~=. - _-.~e."''~' 1'IY Commission S>~r ~
r.. v~v.~:a- ;
Dec 18 I I oa AM g ` ~ ° ~ •
notary Puoli;,. State of Florida t9Q ~ -
I My CW~misslon ExQ?reS Ja!?.8.1~`•:.? s
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