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HomeMy WebLinkAbout2708 - a. • ~ and shall perform, comply with and abide 6y each and every the agree~ftjs, _sftpu~atio?is; ditions and covenants thereof, and of this mortgage, Ihen this mortgage and the estate hereby created, s all cease, de- termine and be null and void. Itin~ the mortgagor hereby further eotrenn?tts and agrees to pay promptly when due the principal and irrleresl and outer sums of money provided for in said note and this mortgage, or either; to pay all and singular the lases. assessmen?s, levies, liabilities, obligations. and encumbrances of every nature on said pro- perly: to permit. commit or strf ter no urnsle, impairment or deterioration of said land or the tmprovemenb fhernc?t a1 arty lime: to beep flte buildings noun or hernaf ter o?t said Land fully insured in a sum of not less Than full insurable value thereof in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, artd in the etre?rf a?ry sum of money becomes payable 6y virtue of such insurance the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, aceounfing to the mortgagor for any surplus: to pay all costs, charges, and expenses. i?tcluding lawyer's fees and fide searches, reasortal,ly irtcrtrred or paid by the mortgagee because of the failure of the mortgagor fo promptly and fully comply with the agreemerts, stipulations, conditions and covenants of said note and this mortgage. or either: to perform, comply with and abide by each and euery the agreements. stipulations, conditions and covertn?tts set forflt irr said note and this mortgage or either. In the even! the mortgagor fails !o pay when due any tax, 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 waiving or affecting the option to foreclose or any other right hereunder, and all such paymen?s shall bear interest from date thereof at the highest law- f uI rate then allowed by the laurs of the State of Florida. II jj?_ I ~ Dl any sum of money herein referred to be not promptly paid within thirty days next after the same becomes due, or if each and every• the agreements, stipulations, conditions and couenants of said note and this mortgage, or eitFter, 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 notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~~uleSS ~heCtOf, Ilre said mortgagor has heretrnfo signed and sealed these resents the Mday andoyRear first above tvriuPrtD THUISOINS A BALLOON MORTGAGE AND THE FINAL PAY- rStgl~d A a~p~"an~i e t ~er Tt1RE PFP~M A U I~ IS $ 41 643.84 TOGETHER _~n L ADV~L E BY THE ORTGAGEE UNDER THE TERMS OF THIS r-~-- - - - - ORTGAGE . - - - - M - - ~ - - - I- -I. ~CASS~MALLY - - - - ~ - - - _ ~ ~ ~C. - - - ~ ` I STATE OF FLORIDA, I` G(~t; ~-rY (~F ST . LUCIE I HEREBY CERTIFY that on this day, before me, an 1 l ~ officer dul.• authorized in the Stair aforesaid and in the County aforesaid to take acknowted¢mcnts, personally appeared KHALIL A. Z. CASSIMALLY and REGINE M. T. CASSIMALLY, his wife, to me known to M• the person $ described in and who executed the fore¢oin¢ instrument and they acknowledged I,rforr me that they executed the same. . . N'17'~ESS my hand and official seal in the County and Statc last aforesaid this da}~ .o~ a ~ ~ December D. 19 79 ~t~i ~ F: - r ~ -f NOTARY P~JBLIC , State O~ Florid { at Large - - • • f9T9 OEC 28 - ~ • - ~~os l I F LEQ sHP krC011ilEU My Commission .Expires : ' >s~r~ t S>! LUCIE COUtt1Y.FLA, t~pTAlY t+tj{~tC STr?TE OI flOttU~ Al u~ ROGER POITRAS Ct.ERK CIRCWT C T Mr ~~~j ~ ~ tats u?roERwR aiFJ~S RCCtI!IAYFRIFIEO__ NOSED 4'70934 %71ri /ut~runu•nt pr7~rrrr~J try: VINCENT A. LLOYD, ESQUIRE Post Office Box 4382 •~~R~~ f><cE2~ I r+___` r• _ r+1 77LCA FlfnflA I