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HomeMy WebLinkAbout0559 • ' and• shall perform, rnmply with and abide 6y each and every the agreements, slipulnfions, rnndittons and ~ covenants thereof, artd of this mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and be null and void. the mo?tgagor hereby further covenants and agrees to pay promptly when due ehs principal and interest and other sums o/ money provided for in said note and this mortgnge, or either; to pny all and singular the taxes, assessments, levies, liabilities, obligations, and encumbronces of every nature on said pro- perty: fo permit. commit or suffer no waste, Impairment or deterioration of said land or the improvements thereon at any lime; to keep the buildings now or hereafter on said land /idly insured in a sum of not less than N/A in a company or companies acceptable fo the mortgagee, the policy or policies fo be held by, and payable to, aatd mortgagee, and in the euenf any sum of money becomes payable 6y virtue of such insurance the mortgagee shall have the right to receive and opply the same to the indebtedness hereby secured, accounting to the mortgagor for any strrpltts; to pay alt costs, charges, and expenses, including Inwyer's fees and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly and tally comply with the agreements, stipulations, conditions and covenants of said note and ihta mortgnge, or either: fo perform, comply with and abide by each and every the agreements, stipulations, conditions and covenants set forth in said note and this mortgage or either. In the. event the mortgagor fails to pay when due any fax, assessment, insurance premium or other sum of money payable 6y virtue of aaid 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 payments shall bear Interest from date thereof at the highest law- /uI mfe then allowed by the laws of the State of Florida. any sum of money herein referred to be not promptly paid within 30 days next of ter the same becomes due, or if snob and every the agreements, stipulations, conditions and rnvenanta of said note and this mortgage, or either, are- not fully perfor?ned, complied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the eniirr balance unpaid thereon, -shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable, anything in aaid note or herein to the contrary notu~ifhstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not consfiftrfe a u~aii~er of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n ~lttleSS ~heCeof, the said mortgagor has hereunto signed and sealed these presents the day and year first above mriffen. Signed, sealed and delivered in the presence of k ~ ' "Witne . . J - - . , i f i ~ STATE OF FLORIDA.- - ' COU\TY ()F ~ ~ r ~ ~ ~ I HEREBY CERTIFY that on this day, be[ore me. an i officer duly authorized in the State aforesaid and in the County aforesaid to take ackrawled¢ments, personally appeared LEONARD R. LEES a to me known to lx the person described in and who executed the foregoing instrument and be acknowledged before me that he executed the same. - N'I"l ~F.SS my hand and official seal in the County and State last aforesaid this ci79r~ day of ...,~r ~ •~.ltia~~ 1„- . .r- 4'71440 _ Nary 1'~ublic mr ;;t - ~ ,r.~ A~ S a = i9~0 JAti -3 P: 2~ ~ 0 ~ co~ssiorr ExPiRE~;~`~~ , aE710 N 3 FILtO >:t+U PtCtir.tii il i ~ SLIUClE COUItfY.flA. ~sry Public, State of Florida sP1.F,~?'~ t ROGERP011RAS MyCorrunission Expires Feb. 21, 1911:"""'~~~~,,', t CLERiS ClRCUtT CO t !lru Lu~m~s~nl pre'prr>rr! hy: - ~ Arld,7:(s BGOR~IG~~ PAGE ~9