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HomeMy WebLinkAbout2796 ~ - and :hat[ perjorm, comply with and abide 6y each anc~ every flttr• agreements. stipulaftoria. conditions and cotenants thereof, and of Ibis mortgage, then [Iris fttottgti~e and the alatate herby created, shall cease, de- termine and be ntt[l and void. n1Na Ihs mortgagor hen+by further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in said note and lltt mortgage, or etthsr: to pay n[[ and singular the loxes, assessments, levies, liabilltiss, obligallona. and enctunbrances of every nature on satd.pro- perty: to permit. commit or sttjfer no waste. Impairment or deterioration of said land or the improvements lherecn at arty time; to peep the buildings now or hereafter on said [and fully insured in a sum of not !au than full 3.nsurable value. in a rnmpany or companies acceptable !o the mortgagee, the policy or policies to 6e held by, and payable to, said mortgagee, and in the event any sum of money baromea payable by vfrltte of such insurance the mortgages shall have the right to receive and apply the same to the indebtedness hereby aectu+ed, aceourtting to the mortgagor for any surplus; to pay.a[[ cost:, charges, and expenses. including lawyer: fees and tills searches, reasonably incurred or paid 6y the mortgagee because of the jallut+e of the mortgagor to promptly and fully comply with the agreements, stipulations, conditions and covenants of said Hole and tht mortgage. or either; to perjorm, comply with and abide by each and every the agreement, stipulations. conditions and covenants set forth in said note and this mortgage or either. /n the event the mortgagor jails fo pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and tht mortgage, or either. the mortgagee may pay the same. without waiving or ajjecttng the option to foreclose or any other right hereunder, and a[I such payments shall bear Interest from date thereof nt the highest bw- jut rate then allowed by the laws of the State of Florida. any sum of money herein referred to be not promptly paid within fifteen days next after the same becomes due, or if each and every the agresmenfs, stipulations, conditions and covenant of said Hole and this mortgage, or either, are not fully perjotrned, rntnp[isd 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 6e due and payable, anything in said note or herein to the contrary notu•ilhst4nding. Failure 6y the mortgagee !o exercise any of the rights or options herein provided shall not constitute a u+aiver of arty rights or options under said nose or this mortgage accrued or thereaJer accruing. ` ~n ~~u1eSS ~hhereof, the said mortgagor Etas hereunto-signed and sealed these presents the day and y r first above u+ritlen. ' ned sealed and line din the presence of f DOllg Pr'e'W Jean PrEw - C• - STATE OF FLORIDA, COUNTY OF j I HEREBY CERTIFY that oa this day. before tae. an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared DotxglaS A. Frew and C. Jean Prew, his wife to me known to be the person g descn'bed in and who executed the foregoing instrument and the ackslowkdged hetorc me that they executed the same. ',"''+1+,,,~` ~YI1'NESS my hand and official seat in the County and State )ast aforesaid this 7t~~,~ ' , dq of - April A. D. 19 8U. ~ i ~ . - Notary Pl11Jl1C ~ .,7 `t , 4~i2143 riy t7cmldssion F~cpiresz"''`~ ~ ~ i . ~ ~v~ Molty P1~ t1Ylt? d FlOrldtt M tats ~ +S ~ ~ Mr 0~~ it~w ~1K• R /oat (Notary Seal) Tl~u Lwnu»c»I pnparrd by: Docula L. Wilson, BWIEti14+V PAGl~ Addrs~s agent far C~xmenwealth Land Title, 422 Colorado Ave., Stuart, Fla. 33494.