HomeMy WebLinkAbout0843 itnd shall perform, comply with and abide by each and every the agreements, sllpuhafions, conditions and
covenants lhereoj, and of this mortgage. then this mortgage and the estate hereby'cwafed, shall cease, de-
termine and 6e ntdl and twirl.
the mortgagor Newby further couertants and agroea to pay promptly when due the principal and
interest and other sums of money provided jor in said note and this morfgnge, or either; to pay al! and
singular the taxes. assessments, lovies, liabilities, obligations, and encumbronces of every naltire on said pro-
perly: fo permit. commit or stiffer tto waste, impairment or deteriorofion of said land or the improvements
fherecn ai arty time: to peep the buildings now or hereafter on said land jolly insured in a sum of not less
than highest insurable value
in a company or companies acceptable fo the mortgagee, the policy or policies fo 6e held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y uirtue of suck insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby sectued, accounting
fo the mortgagor jor any surplus; fo pay all costs, c~+atges, and expenses, including lawyers fees and title
searches, reasonably incurred or paid 6y the mortgagee 6ecatue of the jailtur of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note and this morfgnge,
or either: to perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
cOVerla/its set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any fax, assessment, insurance premium or other sttm of money payable by uirtue of said note and this
mortgage, or eiflter, the mortgagee may pay the same, without waiving or of
jeering the option fo foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
f ul mte then allowed by the taros of the State of Florida.
arty sum of mo?tey herein referred to be not promptly paid within fifteen 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 perjot~?rted, 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, at the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary nofunthstand[ng. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~ttneSS ~het'eof, the said mortgagor has hereunto Signed and sealed these presents the
day and year first above a+?itfen.
Signed. sled and fiver d in the presence oj:
t? ~ Ross Yu '
E
f
STATE OF FLORIDA,
COl'1TY OF gREVARD
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmcnu, personally appearrd
Ross Yu _
;r' -
to mo known to hr the person described in and who executed the foregoing instrument and hl° ' aekaowfedged
Ix•forc me that he executed the same. -
~~'17 tiESS my hand and official seal in the County and State last aforesaid this 14th. c ~ flay oE'. /
.r,s
. April D. 1980
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i Melbourne, FL 32901 ~c~ ppcct~
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