HomeMy WebLinkAbout0527 - and shall perform. Damply with and abide by sack and every the agrserrtenb, sttpulationi, conditions and
cot?enants thereof. and of fhb mortgaps, then this mortgage and the estate ht?reby created, shall cease. de•
termtne and 6e null and t?oid.
the mortgagor hereby further covenant: and agroes to pay promptly when due the principal and
interest and other sums of money provided for in said note and tha mortgage. or either: to pay all and
singular the taxes, assessments, levies, ltabiltties, obligations. and encumbraneetr of every nature on said pro-
perty: fo penrtif. commit or stet
ter no waste. impairment or deteriornttion of said land or the improwmenb
thereon at any time: to beep the buildings now or herwafler on said land fully insured to o stun of not less
than -----------highest insurable value----------------------------
in a rnmpany or rnmpanies acceptable to the mortgagee, the policy or polidea to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue bj stuk insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby sectored, accounting
to the mortgagor jor any stuplus: to pay all costs, cha?ges, and expenses, Including lawye*'s Jess and title
searches, reasonably incurred or paid 6y the tnorfgagee 6ecawe of the failtu+e of the mortgagor to promptly
and fully comply with the agreements, atipulationa. 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
covenants set forth in said note and this mortgage or either. In the event the-mortgagor-/die to pay when
due any tax. assessment, Insurance premium or other stun of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same. without u?aiving or affecting the option to foreclose
or any other right hereunder, and alI such payments shall bear interest from date thereof at the highest law-
f
ul rate then allowed by the laws of the State of Florida.
~l any sum of money herein referred to be not promptly paid within ~1"~'y (30~days next after
the same becomes due, or if each and every the agreements. stipulations. conditions and eovenanb of said
note and this mortgage, or either. are not fully performed, compiled with and abided 6y, then the entire
stun mentioned in sdd note, and this morignge. or th a entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, bernme and 6s due and payable, anything In said note or herein
fo the rnnfrary notwithstanding. Failure 6y the mortgagee to exercise any of the rights or options herein
provided shall not constitute n waiver of any rights or options under said note or this mortgage accrued or
thereof ter accruing. - - -
~n ~itntSS ~I~herrof the said mo~~rt~~aggo~~r ~has hereunto sr ned and sealed these presents the
da and year {test above u?rilten. ~fiI$ IS A I3ALLVUN MORTGAGE AND THE FINAL pAYe~
M~g~vR~I~HEggBgAgLANCE DU~EyUPON MATURITX IS $28 502 50 TOGETHER IiIITH
~cgned, sEeDaledinnd ~GtTerred In the presenAceD j. ADVANCEMEN'T'S M1~DE BY THE MORTGAGE
UNDER THE TERMS OF MOR GAGE.
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f- - DO..GLAS N~RUTH--------------------•---••--•----
PATRIC A P , -RUTH
k
STATF. OF FLORIDA,
` CoL:~rTY DEBT. LUCIE
I HEREBY CERTIFY that on this day, before me? an
i
j officer duly authorized in the Stott aforesaid and in the County aforesaid to take acknowledgments, personally appeared
4
DOUGLAS M. RUTH and PATRICIA P. RUTH, his wife,
to me known to be the person described in and who executed the iorcgoing instrument and they acknowledged
beiorc me that they executed the same. _
tViTNESS my hand and official seal in the County and State last aforesaid this day of
~ r A. D. 19 8 O .
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r NOTARY PUBLIC State of F orida
= t~~0 at Large . ~
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