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HomeMy WebLinkAbout0457 and shall perform, comply with and abide 6y each-and every flee agreements, sfipulntto?is, conditions and cotrenants thereof, and o[ this mortgape, then this mortgage and the estate heroby created.:hall cease, d~- termine and be null and void. nIW the mortgagor hereby further covenants and agrees to pay promptly when due the principal and interest and other sums of money provided for in said note and this mortgage, or either; to pay all and singular the faxes, assessments, levies, liabilities. obligations, and encumbrances of every nature on said pro- perly; to pennii. commit or suffer no waste. impairment or deferiorotion of said bad or the improvemenb therrcn of any time: fo keep the buildings now or herPaf ter on said land fully insured in a sum of not leas than highest insurable value in a company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable fo, said mortgagee, and in !hs event any sum of money becomes payable by virtue of such insurance fhs mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting to the mortgagor jar any~swpltts; to pay all costs, charges, and expenses, including lawyer's Jess and title searches, reasonably incurred or paid by the mortgagee because of the fniltue of the mortgagor to promptly and fully comply with •the agreements, stipulations, rnndttions and covenants of said note and this mortgage, or either; to perform, rnmply 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 jails to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may pay the snore, without waiving or affecting the option to foreclose or any other right hereunder, and dlI such payments shall bear Interest from date thereof at the highest law- f trI mte then allowed by the laws of the Stole of Florida. any sum of money herein referred to 6e not promptly paid within 30 days next after the same becomes due, or ij each and every the agreements, stipulations. conditions and covenants of said note and this mortgage, or either, are not fully performed, rnmplied with and abided 6y, then !hs entire sum mentioned in sold 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 fo the contrary notwithstanding. Failure 6y the mortgagee to exe?+cise 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 thereof ter accruing. ~n ~itneSS thereof, the .said mortgagor has hereunto signed and sealed these presents the day and year first shone written. Signed, sealed and delivered in the presence of wi ess d F• witness 4 i r STATE OF a Hampshire COI;NTY OF ~ ~ I HEREBY CERTIFY that on this day, before tae, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appearrd JUNE F. RYAN to me known to be the prrson described in and who executed the foregoing instrument and She acknowledged before me that she executed the same. WI1'.1'ESS m hand and official seal in the County and Stair last aforesaid this ,~i..~' ~ da o[ y ear ~ ~ ~ , April ~~r A. D. 19 80. - : o~ ~ ~ _ j _ - - ~ L l.G,f - ~ - ;JOTARY PUBLIC - 19$0 12 j~ ~ MY COPIIr1ISSION EXPIRES : ~ . . t Iy Cammtpion E~Irss tilsy 9, 1984 . FsICU shC Ft t;G~.:; J ~ SLWC(ECC:;rf;Y,fi ~ ROGER f OITR~.S ( CtERKCIRCUIi Ctuit ~~~E~~ ~ I~iu hr~nrnrfut prrprrrcd by: e~;;~33i P~ 457