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HomeMy WebLinkAbout0153 _ _ _ and shall perform, comply with and abide by each and every the agreements, atipulafto?is, conditions and covenants thereof, and of thta mortgage, then this mortgage and the estate hereby created, shall cease, de- termine and 6e null and troid. I><IN~ Ihp mortgagor hereby further covenants and agrees to pay promptly when due Ihs principal and interest and other sums of money provided for in said Hole and this mortgage, or either: to pay all and singular the tares, assessments. levies, liabilities, oblignttons, and encumbroncea of every Walrus on said pro- perly: to permit. commit or suffer no wale, impairment or deterioration of acid land or the improvements iherrcn al any lime: to keeja the buildings now or hereof ter on said Land fully insured in a sum of not less than mil, in 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 of such insurance the mortgagee shall have the right fo receive and apply the snme fo the indebtedness hereby secured, accounting to the mortgagor for any surpltu; to pay all coat:, charges, and expenses, including lawyer's fees and title searches. reasonably incurred or twid by the mortgagee because of the failure of the mortgagor to promptly and fully comply with the agreements, stipulations, rnndilions and cvvenants of said Hole and this mortgage, or either; fo perform, comply with and abide by each and every the agreements, stipulations, conditions and rnvenanls set forth in said note and this mortgage or either. /n the event the mortgagor fail to pay when due any tax, assessment, insurance premium or other sum of money payable by virtue of snid note and this mortgage, or either, the mortgagee may pay the snme, without wntving or affecting the option to foreclose or any other right hereunder, and alI such payments shall bear interest from date Thereof nt the highest law- f ul mte then allowed by the laws of the State o/ Florida. ~L any se?m of money herein re)erred fo be not promptly paid within thirty dnya Heart after the same becomes due, or i( each and every the ngreemenfs, stipulations. conditions and covenants of snid 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 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 to the r•onfrary notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not conslil??te a u=sit=er of any rights or options under said note or this mortgage accrued or thereafter accruing. - ' ~n ~ltneSS ~hereofs the said mortgagor has hereunto signed and sealed these presents the day and year first above u=ritlen. Signed, sealed and delivered in the presence of ~ Andre G. Valentine F f _,~___~n.._._.. . . t f i I f _ I P E 4~ I STATE OF W YORK I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgmenu, personally appeared ~N D$F ~r- </~C F/" l/Nt~ to me known to be the person described in and who executed the foregoing instrument and Who acknowledged Ixfore me that he executed the same. i H'1'I \ESS my hand andpofficial seal in the County and State last aforesaid this ~ ~ day of i x Notary Public - ~ 1980 Jt1N 13 PM 2 36 ~ , -;;.~.iF:`~ - /EDWARD McCAR'TFfY r , t. a ~ , fILED ~?tiG FECO~ED Natery Public, State of Newt/ Yo~~.~._ Q :~l • s .t• . ' ST.IUCII: CCUNTTY Fla. No. 24-2601460 t l: ~ • _4t_s_*''G ROGER t'OITRNS .'>r ~ ' CLERK CIRCUIT CGJ T Qualified in Kings Countl/.' • [g{~ Commission Expires March 30, 19i@h °f~:T- ? s RECGnS VERIFl:t~_._. c~ r.~~ ~ _489644 My Commission E~cpires: ? - 3 U t al ~ l7iis /itsmim~~N pr~panJ by: I ` `'`~`'~s ao~c333 PbGE 153 ~