HomeMy WebLinkAbout2382 and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mo?tgnge and the estate hereby created, shall cease, de-
termine and be null and void.
71n~ the mortgagor hereby f urfher covenants and agrees fo pay promptly urhen due the principal and
interns! and other sums of money provided for in said note and lhit mortgage. or either; to pay all and
singular the taxes, assessments, levies, Mobilities, obligations, and encumbrances of every native on said pro-
perly: fo permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time: to keep the buildings now or hereafter on said land fully instrrcd in a sum of not less
than-full insurable value
in o company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
to, said mortgagee, and in the event 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 Indebtedness hereby secured, accounting
to the mortgagor (or any surplus; to pay all costs, charges, and expenses, including lawyer's fees and line
searches, reasonably incurred or paid by the mortgagee because o/ the failure of the mortgagor to promptly
and fully comply u~ifh the agreements, stipulations, conditions and rnvennnts of said note and this mortgage.
or either; fo perform, comply with 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 whrn
due any lax, assessment, insurance premium or outer 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 fo foreclose.
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest laur-
f ul rate then allowed by the laws of the State of Florida. -
D` any sum of money herein referred fo be not promptly paid within 15 days next after
the-same bPCOmP3 d1lP, or if each and every the agreements. sfiptrlnfions, conditions and covenants of said
mote and this mortgage. or either, are not )idly performed, complied with -and abided by, 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 be due and payable, anything in said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall vat constitute a u~niver of any rights or options under said note or this mortgage accrued or
(hereafter accruing.
?
n fitness hero ? the said mortgagor has hereunto signed and sealed these presents the
day and yem (first above written. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE
ALANCE DUE~UPON MATURITY IS APPROXIMATELY $3,066 TOGETHER WITH ACCRUED INTEREST, IF ANY,
Signed. sealed and delivered in the presence of : AND ALL ADVANCEMENTS MADE BY THE MORTGAGEE
DER THE TERMS OF THIS MORTGAGE. ~
i.~' ~ ~ ROBERT F. McROBERTS, JR,
r Ct,t,t.~.~-..- ...-k-e...- .1~--~.._....- . .
i
.STATE OF FLORIDA,
CUU\TY OF MARTIN
I HEREBY CERTIFY that on this day, betorc me, an
officer duly authorized in the State aforesaid and in the County a[oresaid to take acknowkdgmenu, personally appeared
ROBERT F. McROBERTS, JR.
to me known to be the prrson deuribed in and who executed the torcgoinq instrument and he acknowkdRed
before me that (1e executed the same.
NIT\F.SS my hand aril official sea) in the County and State last aforesaid this 18th day of
April 19 80
i ~ '
1~s~ 2 ~ 2- S ~ Notary Public
State of Florida at Large .
~ FI~EC et;i; F: ;cr.:+Ei' My Co~tission expires: 3-23-81 . ~
f Si. t.lriae ccu!ITr,tIA, (NOTARIAL SEAL)
i FtOGJ7 Pt?I i R~iS .
g CLEial ClF.;,~Jt3 Cfi:F
F'i t^~'. '
,s
PREPARED BY: ~ •
Robert F. McRoberts, Jr~
%his I~trtn»nrid pr?pnrr-,l l]IrIcROBERTS dt STEGER, P. A.
i ;~r~i/n~? Attorreys at Law
Suite 310, Stuart Nat'I, Bank Bldg.
301 E. Ocean Boulevard BQOK`~~ l'~~ {