HomeMy WebLinkAbout1964 and shall perform, comply with and o6ids by each and every Ihs agnemenls, stlpulalioni. conditions and
covenants thereof, and of this mortgate, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null and void.
the mortgagor he?t'by 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 tatres, assessmrrtts, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit, commit or suf/er rto waste, impairmertf or deterioration of said land or the improvements
fherrcn at arty time; to keep Ilte buildings ?tou• or hereafter on said land fully instu'ed in a sum of not less
than full insurable value
in a comfxtny or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insturance the
mortgagee'shall have the right to receive and apply the same to the indebtedness hereby secured, recounting -
fo the mortgagor for any sttrpltts; to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid 6y 1he mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; fo perform, comply with and abide 6y each and every the agreements, stipulations, conditions and
covertartfs set forth in said note and this mortgage or either. ?n the event the mortgagor 'fails to pay when
due any tax, assessment. insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or eif?ter, I?te mortgagee mny pay the same, without u~niving 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-
ful rate t?tert allots?ec1 by the Iarus of the State of Florida.
any sum of money herein referred fo be not promptly paid within t~~Y days next after
the same becomes clue, or if each and every the agreements, stipulations. conditions and covenants of said
nose and finis mortgage: or eiiiter, are not juliy performed, complied with and abided 6y, then the entire
sum menfio?ted in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to the contrary noftuithslanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereat ter accruing-
- ~n ~itneSS ~het'tOf, f?te said mortgagor has hernunfo signed and sealed these presents the
day and year first abo1~P trritfen.
Sign ,'sealed an delivered in the presence of
VAIi)E P iATIQ~
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p STATE OF FLORIDA, ~ , t~" ,
C(~~\T1' c)F PALM BEAQi
~ I HEREBY CERTIFY that on this day, before me, an f
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared i
II7IHAR ES'IEIN, president of VALUE PIY ,nTT^~, F1_or?~~? c*r~rporati ~
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~ I to me known to be the person described in and who executed the foregoing instrument and he acknowledged
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t t~-f~ .I...t he ~xea utea; tt,~ ;a.-,~.on half of said ~Yporation as its duly authorised
of ~ip~r
1~17tiF.SS my hand and official seal in the County and State last aforesaid this day of
,gay D. 19
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~ Notary Public, State Florida at large
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