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HomeMy WebLinkAbout1041 and shall perform, comply with and abide by each and every fire agreements, atipulnito?is, eondiftons and eavenants thereof, and of ~fhts mortgage, then this mortgage and the estate hereby created, shall cease, de- lermine and 6e null and twirl. end the mortgagor hereby further covenants and agrees to pay promptly when dw the principal and irtteresi and ot6ar Burns of mortay provided for to t~atd note and this mortgage, or etthar: to pay all and singular the taxes, assessments, levies, liabilities, o6ltgnfions, and encumbr+artees ~f every nattwe on said pro- perty: to penmil, commit or suffer no worts, impairment or deterioration of Bald land or the improvements thereon at arty time: to keep the buildings now or hereafter on said Iand jolly irtsturd in a sum of not less than highest insurable value in a : om{wny or rnmpa?ties neceptal?le to the mortgagee, the polity or policies to be held by, and payable to,-said mortgagee, and in the event any stun of money becomes payable by virtue of such instuance the mortgagee shall have the right to recetue and apply the same to the indebtedness hereby secured. accounting to the mortgagor jor any aurpltts; to pay all costs, charges, and expenses. fnclttding latvyer's fees and title searches. reasonably incurred or paid 6y the mortgagee because of the jailtu+e of - the mortgagor fo promptly and jolly comply with the agreements, stipulations, candifiona and covenants of said Hate and lids mortgage, or either; to perform, comply with and abide 6y each and every the agreements. stipulations, conditions and covenants set forth in said Hole a?td this mortgage or either. in the event the mortgagor jai4 to 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 payments shall bear interest from dote thereof at the highest law- f uI -rate `then allowed by the laws of the State of Florida. ~l any sum of money herein referred to 6e not promptly paid within thirty days next after the same becomes due, or if each and every fire 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, artd 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 notu~rthslanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constifu/e a u?aiver of any rights or options under said note or this mortgage accrued or thereof ter accruing. ~n ~itneSS ~iureof, the said mortgagor has hereunto signed and sealed these presents the day and year first above u~ritfen. Signed, sealed .and Jelin ed in the presence oj: ~~~z- ~ _ EARTH INVESTMENTS ASSOC__ IATES , . Y....... - - -a PennsyYvania ~eneraY Partners p - .......~ra~tl~.~~t14-~-.A~a~tc~s..---- G~~_ i / I//y/~ YLVANIA STATE OF If!~~~Ii~J COUNTY OF ~ p~~AwARE I HEREBY CERTIFY that on this day, bt:fore me, an officer duly authorized in the State aforesaid and in the County aforeuid to take acknowledgments, personally appeared ,Jfr.»Bt Guic~iq~ Ticr~.+cgr ANa J~o,t~Rr .~J~~T.gT`~,~t~h~e onlx 0o m~ Of ~e ti-ic-personl~~~S6ea to ari w o~ku~ed-t1tE taircgot- iysiA4 nt~aan~~~tJJi~~/ Pac now ' Ixfore me that ~it~/ executed the same. WITNESS my hand attic i~ficial. real in the County and Sate last aforesaid this ~8 ~ day of February A. D. l9 8 ~ r, _,,U~a,ti:yt . . ~Ir _'7'7431 - ~ , ~ SEAL 1 ry - - Nota Publ g _ r ; _ . ~ _ . _ My Commission Expires ~r-^ fall f : ~ _ - ~ ~ ~ ~.a s ~~hruN. rrOrARr PUt1tIC - • ~ - t tt: t~ ::n: sc .vy y NRIERFORD TMYP., DEUN.V?E OOUNTr ~ ~;.it;i:'F ~~.-a.Y.. t.. MY COMMtSSfON EXP,RE$ JUNE 11, 1983 RCsEiZ F'CiTR' S Member, Penns Minis _ P U x Ilssocytion of Notaries _ 'i+~a~,,,+a, L~£Tr CB~r.{;iT GCihZj~ T/lil I»slramcat plrparrd by: This in~vrt~,tt Pt+epare~ Br: k A?hliru LARRY M. STEWART, Attcmoy is~~~ 401 E Osceds St., Suite 102 ~s Sitaart, Aorida 33444