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HomeMy WebLinkAbout1492 and :hall perform, comply with and abide by each and ewr)r'fhe agreements, stipubtioni, conditions and cotenants thereof, and o/ this mortgage, then this mortgage and the eitats hereby created, shall cease, de- termine and be null and void. n1~4 the mortgagor hereby juNher covenants and agrees to pay promptly when dw the principal and interest and oche' sums of money provided for in said note and this mortgage. or vithvr; fo pay all and singular the faxes. assessments, levies. Iiabtlities, obltgattons, and encumbronces of every nature on said pro- perty: to permit, comma! or suf jer no waste, lmpai?ment or deterioration of :aid bred or the improvemenb thereon at any time; to keep the btaldtnga nav or hereafter on said bred fully Insured in a sum of not less than 11/w to a 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 bf such insurance the moAgagee shnU have the right fo receive and apply the same to the indebtedness hereby secwed, accounting to the mortgagor for any surplus; to pay all costs, charges, and expenses, including bwyer i feet .and title searches, reasonably incurred or paid by the mortgagee because of the fnilur+e of the mortgagor to promptly and fully comply with the agreements, stipubttons, conditions and covenants of said note and this mortgage. or either: to perform, comply with and abide by each and every the agreements. stipubfioru, conditions and covenants set forth in sntd note and this mortgage or either. In the event the mortgagor /aib 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 same, without u/siving or affecting the option fo foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest bw- (ul rate then allowed by the laws of the State of Florida. ~l any sum of money herein ref erred !o be not pr+ompfly paid within ~ days next after the same becomes due, or if each and every the agreements, stipubtions, conditions and covenants of said note and this mortgage, or either, are not fully performed. complied with and abided by, then the entire sum mentioned in said note, and this mortgage, or the entire babnce 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 not consfilttte a waiver of any rights or options under said note or this mortgage accrued or (hereafter accruing. ` ~n ~h~eof, the said mortgagor has hereunto signed and sealed these presents the day and year fiat above u~riifen. Signed [ed an delivered in the presence of : • k • o _ Xl - 0 vitnesa F. i STATE OF ~ Ver~oat ~ r= COUNTY OF C,~s ~ s„~~ I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to ake acknowledgments, penionally appeared € BICHABD 0. FOUBNIBe and AiGNES F. FODSNI88, his vift, to me known to be the persons described in and who executed the foregoing instrument and till, ' , . a+ before me that t~lE~ executed the same. •`~~~~~'i~ WITNESS my hand and official seal in the County and State last aforesaid this ~S~ ~ ~,Yr NOTARY POBLIC ~ ~~t.~~ . •••rv € t. ~ MY COl4~ISSIOIi 8lLPIRES : ~ ~ -!•.,~Or:4 C'~N ~ t-~!!~~r?tt~tit~~` a ~ ' f ~Q l?hl: Ft'CtiN~Eil - - $ R~c~R OITRicS~~ JERK CIRCUIT COilRi 48836 l7iir LWnuucn~ pmpnird by: , r n~rd,~~ 331 PEE 1492