HomeMy WebLinkAbout0673 and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants thereof. and of this morfgane, then this mortgage and the estate hereby created, shall cease, d~-
termine and be null and twirl.
end the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sttnu of money provided (or to said note and this mortgage, or eiiher; to pay all and
singular the fares, assessments, levies, liabilities, obligations. and encuiribrnnces of every nature on acid pro-
perly; to permit. commit or strf
jer rto waste, impairment or deferiorolion of said land or the improvements
therecet of any time: to keep the buildings Hour or hereafter on said land jolly insured in a sum of not less
than full and insurable value.
in a company or companies accepfabie to the mortgagee, the policy or prrliciea to be held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagees shall have the right fo receive and apply the same fo the Indebtedness hereby secured. accounting
fo the mortgagor jor arty surplus: to pay all rnsts, charges, and expenses, including lawyers jeea and title
searches, reasonably incurred or paid by flee mortgagee because of the failure of the mortgagor fo promptly
and jolly comply u+ilh the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: fo perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth fn said note and this mortgage or either. /n the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum o/ money payable 6y 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 payments shall bear interest from date thereof at the highest Iaw-
(ul rate then alloured 6y the lards of the State of Florida.
~l nrey srem of money herei?t re(encd to be not promptly paid within 15 days nexi after
the same becomes due, or i j each and every the agreements, stipulations. conditions and covenants of said
Hole and this mortgage, or either, are not fully performed, complied u•ilh 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 morfgaflee, become and be due and payable, anything in said note or herein
to the contrary nolu~rlhslanding. 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
I thereafter accruing.
~n ~itneSS whereof, the said mortgagor leas hereunto signed and sealed these presents the
day and year first above trrillen.
Signed, sealed and delivered in Ihj presence o(: O
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~ Na ~ ~ ~ Ruth i!Ti n
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~ ST4TE OF FLORIDA, ~ ~
j Cc)t;~'TY c~F INDIAN RIVER
I HEREBY CERTIFY that on this day, before me, an
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~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
ROBERT L. WILSON and NAOMI RUTH WILSON, his wife,
to me known to Ix~ the p•rsor~ described in and who executed the foregoing instrument and they acknowledged y
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' luforc ene that they executed the same.
~~'17 \ESS my hand and official seal in the County and State last aforesaid this 19th day of
February D. 19 80
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~.:'.CT t. iiTlE CORP. OF FtOR7DA I~R /.CC ~j
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