HomeMy WebLinkAbout0018 and shall perform. comply with and abide 6y each and every the agrwments, stipulations, conditions and
cot?enanfs thereof. and of tha mortgaps, then this mortgage and the estate hereby crated, shall cease, de-
termine and 6e null and twirl.
1hp mortgagor hereby further rnvenants and agrees to pay pr~o?nptly when dw the prtnctpnl and
tnterrst and other sums of money provided for in said note and thr: morfgnge, or either: to pay all and
singular the faxes, assessments, levies, liabilities. obligations, and enctsmbroncet of every nature on s4id pro-
pRrly; fo permit, commit or st?jjer no waste, impairment or deterioration of said land or fhs improvements
Iherecn of any time; to keep the buildings now or hereafter on said land fully insured in a sum of not less
than N/A
in n company or companies acceptable to the mortgagee, the policy or policies to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such instsrnnce the
mortgagee shall bane the right to receive and apply the same to the tnde6fedness hereby secured, accounting
to the mortgagor for ariy surplus: to pay all rnsts, cha?ges, rend expenses. including lawyer's jeer and title
searches, reaso?tably incurred or paid by the mortgagee because of the jailtire 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 by each and every the agreements, stipulations, conditions and
cove?ta?tfs set forth to said note and this mortgage ur either. /n the event the mortgagor jails fo pay when
due any fax, assessment, insurance premium or other sum of money payable 6y virtue of said Hole 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 therroj at the highest Iaw-
f ul rate `then allmue[I by the laws of the State of Florida.
~l any sum of mo?tey herein referred to be not promptly paid wiehin 30 days next njter
the same becomes due, or if each and every the agreements, stipulations. conditions and covenants of said
_ rota and this mortgage. or either, are' not /ully aer(osmed. complied with and abided 6y, ~ then the entire
sum mentioned in said note, anc~.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 nofu~ifhstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute awaiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itntSS ~htCenf, the said mortgagor has hereunto signed and sealed these presents the
day and year firs[ shore tnrillen.
Signed, sealed and delivered in the presence of
r ~ GINE'1'PB SfloLAN
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STATE OF FLORIDA,
! coe~TV OF INDIAN RIVER
I HEREBY CERTIFY that on this day, bc_`ore me, an
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~ of[icer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
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~ to me known to be the person described in and who executed the foregoing instrument and tl~le ackrwwkdRcd
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8 Ixforc me that site executed the same.
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y lYI1 KF.SS my hand and official seal in the County and State last aforesaid this ~h day of
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a A. D. 19 80
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