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HomeMy WebLinkAbout1186 a 1 ~ and shall perform, comply with and abide 6y each and every the ag?ee?nents, sttpulatbni, conditions and covenants thereof, and of this mortgnpe, then this mortgage and the estate hereby created, shall cease, d~- termtne and be null and twirl. the mortgagor hereby juNher covenant: and agrees to pay promptly when dw the principal and tnteresi and other stuns of money provided for in sold note and thta mortgage, or either; to pay all and singular the faxes, assessments. levies, ltabiltlles, obligaftoru, and encumbnartces of every nature on said pro- pe?fy: to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements Thereon at any time; fo beep the buildings now or hereafter on said land fully insured in a sum of riot less than hig~lest insureabLe value in a company or companies acceptable to the mortgagee. the policy or policies to be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such instu+ance the mortgagee shall have the right to receive and apply the tame to the indebtedness hereby secured, aeeounting to the mortgagor jar any surplus: to pay. all costs. charges. and expenses, including lawyer's fees and title searches, reasonably incttrred or paid 6y the mortgagee 6ecatue of the jailtu+e of the mortgagor to promptly and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage. or either; to perform, comply with and abide 6y each and every the agreemenb, stipulations. conditions and covenants set forth to sold note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, instsronce premium or other stun of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or ajjecting the option to foreclose or any other right hereunder, and aI! such payments shall bear interest from date thereof at the highest law- ful rate then allowed 6y the laws of the State of Florida. ~l any sum of money herein referred to be not promptly paid within th~rL~1 days next after the same becomes due, or ij each and every the agreements, stipulations. rnnditions and eovenanb of said note and this mortgage, or either, are not fully performed, rnmplted 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 6e due and payable, anything fn said note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not consfiftrte a waiver of any rights or options under said note or this mortgage accrued or thereafter accruing. _ . ~n ~~uleSS the said mortgagor has hereunto signed and sealed these presenb the day a y jtse above written. Sig ,sealed delivered in the presence oj: STATE OF W].3COn8~n - COUNTY OF Racine I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforeuid and in the County aforesaid to take acknowledgments, personally appeared FRArII~Il~1 IhSQ~'1A azd I1X.'Y A. I}iS(~, HIS WIFE to me known to be the pcrso~ described in and who executed the foregoing instrument sad ley acknowkdaEd before me that tl'~1 a:ecuted the same. WITNESS my hand and official seal in the County and State last aforesaid this 9tt1 _ day.o~.,. April A. D. 19 ~ • _ ry~:.''.: ~Y . _ .7 ~ ry 'notary-Ri~ilic....Racirie---Court' l9~0 API; 29 Pig,' ~ : 4 My Caanri.ssion F~cpires : S / Y= FIL£~? ~htt F ~ct,r:~t ST.LUCIE C~VT Y.f lA. ROGER POITRAS 6LERK CIe~CUIT CGU R[Cbit+ ~TP.iPIfC~ _ ~ 4848"ls This hutrumcy~l >r rrd by: Arif PaYVpia Addrar ~~Title Ins. Corp. 8t1fl~~7~7V P~E~~ 9999 S. U. S. 1 Port St. Iucie, Fla. 33452