HomeMy WebLinkAbout0635 • and shall perform, comply with and abide by each and every the yreements, stipulafioria. conditions and
covenants thereof, and of this mortgage, then this mortgage and ehs eatnte herby created, shall cease, de-
termtne and bs null rend twirl.
the mortgagor Newby /wther covenants and agrees to pay promptly when dw the principal and
interest and other sums of money provided for in said note and this mortgage, or stfhsr;. to pay all and
singular the taxes, assessments, levies, Itabiltltea, obligations, and enctunbranesa of every naftrre on said pro-
perfy; to permit. commit or auf
ter no wwte, impairment or deterio?ation of said land or the improvements
fherecn of any finis; to keep the buildings now or hereafter on said land fully insured in a sum of rent less
than
in n company or rnmpanies nccepfable to the mortgagee. the policy or policies to 6e held 6y, and payable
to. said mortgagee, and in fhs event any stun of money becomes payable 6y virfw of such insurance the
mortgagee shall have the right to receive rend apply the same to the Indebtedneu hereby sectued, aceotutfing
fo the mortgagor jor any surp[trs; to pay a1! costs, charges, and expenses. including lawyer i fees and Iitle
searches, reasonably inctured or paid 6y the mortgagee because of the failure of the mortgagor to promptly
rend fully rnmply with the agreements, stipulations, eondifiona and rnvenants of said note and this mortgage,
or either; to perform, rnmply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either. the mortgagee 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 at the highest law- _
f
trl rate `then allowed by the lours o/ the State of Florida.
ll any sum of mousy herein relerred to be not promptly paid within T$j1j days next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not /ully performed, complied with and abided by, then the entire
sum mentioned in said note, and Chia mortgage, or the entire -balance unpaid thereon, shall forthwith or
ther+enf
ter, at the option of the mortgagee, -become and 6e due and payable, anything in said Hole or herein
to the contrary nofwithsfanding. Failurn by the mortgagee [o exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgngs accrued or
thereafter accruing.
~n ~~uleSS ~f~eof, the said mortgagor has herrunto signed and sealed these pr~e~e(tty t~;
day and year first above u~riften. -
- -
~ ed, sealed and [feared in the presence o(: , t
. .
-
~ ~ CAN D?NVSLOPM$NT, - ~ -
- --s--------
- - -
-
president • ~ -
.
---Se-c~e ti ark-3'~e-~~aurer-----------------------------
STATE OF FLORIDA,
couYTV of p alm Beach
I HEREBY CERTIFY that on this day. before me, an '
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Frank B. Wood, President and Secretor -Treasur
y er oP Ambric
an
Development, Inc.,
to me known to be the person described in and who executed the foregoing instrument and he acknowledged
i
betorc me that he executed the same.
N'I7-:tiESS my hand and official seal in thr County and State last aforesaid this 27th day of
djtBe4- A. D. 19 8O.
-
~ o = 1980 J'1:. -2 P~ 12~ 39 Notsr,, . e a
; ' My Commission t:apins August 30, 1983
u ~ f3ortded thru Maynard (3ondK+g Agsnct
' r FILff` ahi sECUR:1ti}
-r St.LQC1ECQ~1N1Y.fLA.
rr,~•.•
I -
4sisz9
l7irs IrWn~nrna prpnrd hy: Sus Sllsn Jones
:1~IJn,v Alternative Financial 3srgices, Inc.
2829 Okeechobee Blvd.
west Palm Beach, Florida 33409 g~K~4 PtGf