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HomeMy WebLinkAbout2359 e and shall perform, comply with and abide 6y each and every the agreements, sttpulafioris, conditions and rnvenanls thereof, and of this mortgatte, then this mortgage and the estate hereby c?eated, :hall cease, de- fermine and be null and void. Ti~ the mortgagor hereby further covenants 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; to pny all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty: fo permit, commit or suffer no wosie, impairment or deterioration of said land or the improvemenb IhPrecn at any time; fo Pep the buildings now Or hereafter on said land fully tnsu?ed in n sum of not less than N/A in a company or compa?lies acceptable fu the mortgagee, the policy or policies to be held by, and payable to, said mortgagee, and in the Puenf any sum of money becomes payable by virtue of such inawnnce the mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting fo the mortgagor jor any slr?pltrs; to pay all costs, charges, and expenses, including lawyer's fees and title searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly and (ally comply urifh the agreements, stipulafioru, conditions and covenants of said note and this mortgage, or either: to perform, comply with and abide by each and every the agreements, stipulations, rnnditions and covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or eilller, the mortgagee may pay the same, without waiving or affecting the option to foreclose or any other right herPtrnder, and ali such [payments shall bear interest from date thereof at the highest law- (Ill IatP fI1P?1 allOWe(l by the la w3 Of fhP SfafP of Florida. ~L any sum of money herein referred fo be not prompfly paid within 30 days next niter the same becomes due, or if each and every the agreements, stipulations, conditions and rnuenants of said note and this mortgage. or either, are not fully performed, complied with and abided 6y, 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 nofurilhstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute o waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. ~n witness thereof, 1?IP said mortgagor has IrerPlrnfo signed and sealed these presents-the day and year first al?ovP Irrifien. Sl Pd, sPalP(l and dPl1l~Prell !fl tI1P prPS(•rICP Of: ' witn s - t tness ~ I ~ STATE OF COC\TY OF G40 UC ES i Cam' I HEREBY (:ERTIFY that on this day, tx[ore me, an officer duh• authorized in the Stair aforesaid and in the County aforesaid to take acknowledgments, personally appeared William Labs and Jane Labs, his wife, to m(• known to be thr prrson t3 described in and who e,(ecuted the foregoing instrument and they acknowledged before me that they el(eCUted the same. ~~'IT\ESS my hand and official seal in thr County and Stair last aforesaid this ~~(~(~'~:If~ day of November A. D. 19 79 • .~`.~;i';~''......; 4• , j,, f ~ N B C ; 19;0 J~•~ i 5 ; ~ ~ 2 4 ~ . Rte:' ~a oI .t lsrq~ MY CdfIIrIISSION )r res F : f, 19&2 ii ' '~.IWIAA~,L~:~. r.. a c,:. f c~~c.~r ST.Lt7C1E COLn:TYS~.A. jf ROGER POITRA(.~ ~y~''1jr,,,,13 t.,~``(~''. CLERK CtRCUIT Cvu?T ~ T-- (Il~ i. 4'72564 17~is hWninlnfl p~rp(rf(f hy: