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HomeMy WebLinkAbout0434 and shall perform, comply with and abide 6y each and every the agreements, slipulalton's, conditions and covenants thereof, and oI this mortgage, then thi: morlgoge and the estate hereby created, shall cease, d.- lprmine and lse null and roil. >ii~ the mortgagor hen+hy jurfher cotenants and agrees to pay promptly when due the principal and irtferesf and other sums of money prodded jot in said note and this mortgage, or either; to pay all and singular Ihp tmYPt, assassmPnls, !pries. llabillflPS, obligations, and encumbrances of every nature on said pro- perty: fo permit, commit or suf jet no waste, impairment or deterioration of said land or the improvements Ihprc'l•n of any time: to Rppp fhp buildings noun or hereof ter on said land fully irtswed in a sum of not less than IVI,I, 'ABLE VAT.j]E in a company or companies acceptable to the mortgagee, the policy or polie•ies to be held by, and payable to, said mortgagee, and in fhp evertf any sum of money becomes payable by virtue of such insurance the mortgagee shall hate the right to receive and apply the same to the indebtedness hereby secured, accounting to fhp mortgagor for any surplus: to pay all costs, charges, and expenses, including lawypr~s fees and title span-bps, reasonably incurred or paid by the mortgagee because of the jailurp of the mortgagor to promptly and (ally comply u~ifh the agreements, stipulations, conditions and cotenants of said note and This mortgage. or either; to perform, comply u~iflt and abide 6y each and every the agreements, stipulations, conditions and corpnanis set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tar, assessment, insurance premium or other sum of money payable by virtue of said Hole and this morfgagp, or either, the morfgayep may pay the same, without waiving or of fecfing the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest law- ful rate then allotted by the lards of the State of Florida. ~l any sum of money herein re~prrpd to be not promptly paid within T~17St}1(~~ days next offer the same becomes dap, or if each and Avery fhp agreements, stipulations. conditions and covenants of said note and this mortgage. or either, are not fully performed, complied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid !hereon, shall forthwith or thereafter, at the option of the mortgagee, become and 6p due and payable, anything to said note or herein fo the contrary notwithstanding. Failure by the mortgagee fo exercise any of the rights or options herein proridecl shall no! constihrtp a waiver of any rights or options under said note or this mortgage accrued or Iherea f ter accruing. ~n witness thereof, tlrp said mortgagor has hpretrnfo signed and sealed these presents the day and year firs! above « •ritfen. Signed, sealed and dplirpred in the presence of : .7- / ' ¢NZ ~ / ~ ~y ~ TAM C . J - ~1Z1!TICE A. J i € STATE OF MICHIGAN } CoU:vrv C)F WAYNE I HEREBY CERTIFY that on this day, before me, an officer duh• authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared WILLIAM C. JACK90N and SERVICE A. JACK90N, his wife to me known to be the person S described in and who executed the foregoing instrument and the} acknowkdged 1 fxtore me that they executed the same. N'17NESS my hand and officio) seal in thr County and State last aforesaid this' 1st day of APRIL r A. D. 19 g(). , f ~ f~ ..--l~~'~--- ~~rY ~1~~UiS dot. CRdNUiAlI Notacy Yubl+c, uvcn~tl CtJtlftq. lfith. - My c~s'~~l~•!"' fro • 1900 29 P1; ~ 2S _ ~•J - ~ ~ - - : ~ tip: r cr , RGGEtt i'(1!TRA:i l7iu Inslnisful pn'pnred 'b j?: , .:.KR~F PARUPIA /~r>•r>'1['c1 ~ - i!?LE INS, GGi~Y , s. u. s. I ~ el.~,i e~~E -t 5t. Lucie, Fl~rfda X3.157 ~ - I ;a w.. ~ - "Y~~. 3