HomeMy WebLinkAbout2525 and shall perform; comply with and abide by each and every the agreements, atipulntioni. rnndttions and
covenants thereof, artd of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
I1<ILIa the mortgagor hen+by f
urlher rnuenanls attd agrees to pay promptly whet due the principal and
interest and other sums of money provided for in said note and Ihts mortgage, or either; to pay all and
singular the lazes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit. commit or suffer no waste, impairment or deterioration of said land or the improuemenb
fhPrecrt at arty time: fo keep the buildings nou• or hereafter on said land fully insured in a sum of not less
than $42,500.00
in a company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the Pvenf any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebterdness hereby secured, accounting
to the mortgagor for any surplus: fo pay all costs, charges, and expenses, including lawyer: fees and title
searches, reasonably incte?red or paid 6y the mortgagee bemuse of the failure of the mortgagor to promptly
and fully comply with the agreemertfs, stipulations, conditions and covenants of said note and this mortgage,
or either: fo perform, comply u~ifh 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 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 same, without waiving or affecting the option to foreclose
or any other right herPtender, and all such payments shall bear interest from date thereof at the highest law-
f ul rate then allotvetl by Ilte laws of the State of Florida.
)l any sum of morePy ItPreirt refPKPd fO be not promptly paid within (3Q)days next after
the same becomes due, or if each and every the agreements. stipulations. conditions and covenants 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. nt the option of 1hP mortgagee. 6eeome and 6e due and payable, anything in said note or herein
to the contrary nolwifhslanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constihrtP a waiver of any rights or options under said note or this mortgage accrued or
Ihereafter accruing.
~n witness ~heCeof, fhP said mortgagor has hereunto signed and sealed these presents the
day and year f irsf above errilten.
Signed, sealed d delivered in.,fhe presence of
/y~ D. LAY00
STATE OF FLORIDA,
CnU\TY OF I~'IN
I IiEREBY CERTIFY that on this day, before me, an ,
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
1~'JY D. IAYOOC'!C
to me known to be the p•rson described in and who executed the foregoing instrument and ackrwwledBed
t•. .
~ before me that ~ executed the same. • e ~
1~'IT\ESS my hand and official seal in the County end State last aforesaid this day,ol..
Septremberr A. D. 19 79. _
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Notary is ~ }
(Notary Seal) 4 i~y .rJ My Catlmissiori bcpires : ,
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