HomeMy WebLinkAbout1481 and shall perform, comply wtth and abide 6y each and ei~ery~the agreements, sfipulnftoni, eondtfions and
covenants thereof, and of this mortgage, then this mortgage and fhs estate hereby created, shall cease, de-
termine and 6e null and raid.
the mortgagor hereby further eovenanls and agrees to pay promptly when due !hs principal and
interest and other sums of money provided for in said note and fhb mortgage. or either; to pay all and
singular the faxes, assessments, levies, liabilities, o6lignlions, and encumbrances of every Walrus on said pro-
perly; fo permit, commit or suffer no waste, impairment or detertorotion of snid land or the improvement
lherecn at nny time: to beep the buildings now or hereafter on aatd land fully Insured in a sum of not leu
than highest insurable value
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payabb
!o, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such tnaurance the
mortgagee shall boos the right to receive and apply, the same to the indebtedness hereby secured, accounting
to the mortgagor for nny surplus; fo pay all costs, cha?ges, and expenses, including lawyer's fees and title
searches, reasonably Incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and fully rnmply with the agreements, sttpulaftons, rnndtliona rend covenants of said note and Ihb mortgage,
or either; to perform, rnmply with and abide 6y each~and every the agreements, sfipulnfions, conditions and
covenants set forth in said mote and this mortgage or either. ?n the event the mortgagor jails to pay when
due nny 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 hereunder, and all such payments shall bear interest from date thereof at the highest law-
jul mte then allowed by the laws of the State of Florida.
nny sum of money herein re/erred to be not promptly paid within fifteen days next after
the same becomes due, or if each and every the agreements, slipulntions, conditions and covenants of snid
Hole and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said Hole, -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, anyfl~ing in said note or herein
fo the contrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not conslittrte a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~I~eSS thereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and delin~red in the presence of
P
~ Davi H. Timmons
~
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f ~ ~ ac cline W. Timmons
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E
1
~ STATE OF FLOST .,LUC I E
~ COU\TY nF
I HEREBY 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
DAVID H. TIMMONS and JACQUELINE W. TIMMONS,his wife
to me known to be the prrson $described in and who executed the foregoing instrument and they acknowledged
before me that they executed the same.
NI7;I~ESS my hand and official seal in the County and State last aforesaid this % v day of
~ April ~ n 19 80
.
~ I~o£ary...~ii7~lc.-.......
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2 .3 I^,`~_.7 (<_;ver Drive
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Adrli~eu P. O. cox 4332
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Fe:rt Fierce, Florida 33450 ~ iTLE ~ : _ ~ _ , : , _ ,2
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