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Home My WebLink About1489 - ~ - - _ -x-- - and shall perjorm, comply with and abide 6yteach~ and every the aprwments, stipulationi, eondttions and covenants thsreoj, and of this mortgage, then thin mortgage and the estate hereby created, ahaU cease, de- termine and be null and void. 1hp mortgagor hereby further covenants and agroes fo pay promptly when due the principal and lnteres! and other auras of money provided jar in said note and th4 mortgage. a etcher; fo pay nU and atngular the faxes. assessments, levies. ltabililies. obligations, and encumbrances of every nature on said pro- perty; !o permit, commit or suffer no wrote, impairment or deterioration of said land or the Improvements thereon 6t any time; to beep the buildings now or hertwjter on said land fully insured In n sum of not less than highest insurable value - in ncompany or rnmpanies acceptable fo the mortgagee, the- polity or policies to 6e. held by, and payable to, said mortgagee. and in the event any sum of money becomes payable by virtue of such truurtann the. - morlgagee shall have the right fo receive and apply the same to the indebtedness hereby secured, accounting to the mrutgognr jar nap ±tarrltti; /n fatty ell crefa: chargwr, and expanses, irscltsding Gtuyr's fees and tills . I searches. reasonably Inctured or paid by the mortgagee because~oj the jailtu+e of the mortgagor to promptly a-sd jt:UY rexnplY tt-iih the cgrerrar::!s, slip::lalioru. rortd::~sns and rorenants of said Hole and this morlgt:ge. or either; to perform, comply with and abide by each and every the agreements, stipulations, eondiftons and rnvenants set forth to 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 of money payable 6y virtue of said note and this mortgage. or either. the mortgagee may pay the snore. without waiving or affecting the option to jorecbse or any other right hereunder, and ail such payments ahaU bent Interest from date thereof at the highest Iaw- fttl rate then allotued by the laws of the State o/ Florida. ~f any sum of money herein referred to be not promptly paid within ninety days next after the same becomes due, or i j each and every the agreements, stipulations, conditions and covenants of said note and this mortgage, or either, are not jolly performed, complied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid therssort, ahaU forthwith or thereajfer, at- the option of the mortgagee, become and be due and payable, anything in said Holt or herein to the contrary nottuifhstanding. Failure 6y the mortgagee to exercise any of the rights or options herein provided shall not constitttfe a waiver of any rights or options under said note or this mortgage accrued or fherea jfer accruing. ~n ~itnQSS thereof, the said mortgagor has hernttnfo signed and sealed these presents the day and year firs! above tvriften. Signed, sealed and delivered in the presence oj: PARTNERS IP PROPERTIES r a Florida Ge er artnership By ~~~Rob r Nelson,a tact - - - - ------------------------------•--------------•----------------------------------tom t f i f 1 f STATE OF FLORIDA, ~ ¢ cov.'vTY of ST . Li7C I E I HEREBY CERTIFY that on this day, before tae, an j officer duly authorized in the Stair aforrsaid and in the County aforesaid to take ackswwkdgments, perwnally appeared .ROBERT NELSON authorized general partner of PARTNERSHIP PROPERTIES a Florida General Partnership to me known to be the person described in and who executed the torcgoinq instrument and he acknowkdged betom me that hg executed the same. Wtl'NESS my hand and official seal in the County and State last aforesaid this 21St day of s I February A. D. 19 80. 4'7`~"~~ - ry YlC~ Fr_~ z,~ F~ j,~J~;.: r~ ~rr~r~tr wltut si.rl a ~wRta? ~i wet ST.LUCtE Cn;YiY.Ft;~. ~ RCi:atR F'GITRAS_ t~Y COiIAwNiSICN 1J~1ftiS SE1f .12 t9i1 t CLERi( CIP.%u;i C''•'" i iQ1~-t1faA) C#t1f11M M1S IR~IDIt1NRIT!'~gl j( ~f c i' ~ - ~~p -1 l ~~a~. ..!;L . JOHN EDGAR SHERRARD _ _ ~ Aitorn?y At Law ~ N tAw a L~C t. ~ :c. . , Tl» s 1„un~„r~,N prr•J~nrrd hy: 2~;~ S. i~,,ii ;civet Drive % t• _ ~ ~ f F;,:t Fierce, Flcri~a 33450 Ft.~;,;t~~~`'~