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and shall perform. comply with and abide 6y each and every the agreements, attpulatton's, conditions and
covenants thereof. and of this mortgage. then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl.
the mortgagor hereby further covenants and agrees to pay promptly uihen dw the principal and
interest and other sums of money provided jor in :aid .note and this mortgage, or either: to pay all and
singular the faxes, assessments, levies. _liabtlifies. obltgalions. and encumbrances of every nature on :aid pro-
perty; fo permit, commit or strjjer no waste, impairment or deterioration of :aid land or the improvements
lherecn at arty time; to beep the buildings now or hereafter on said land fully i?uttred in a sum of not leu
than HIGHEST INSURABLE VALUE
in n company or companies acceptable to the mortgagee. the policy or poltcies to be held 6y, and payable
to. said mortgagee, and in the event any Stun of money becomea payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, acoounhng -
to the mortgagor jor any surplus; to pny all rnsts, charges, and expenses, including lawyer i jeea and title
seatrhes, reasonably incurred or paid 6y the mortgagee because of the jailors of the mortgagor to promptly -
nnd jolly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform. comply with and abide 6y each and every the agreements, stipulations, conditions and
covenants set forth in snid note and this mortgage or either. /n the event the mortgagor jails to pny when
due any fax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the ?riorfgagee may pay the same, without waiving 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-
f trl rate then allotued- by the laws of the State of Florida.
any sum of money herein referred to be not promptly paid within THIRTY 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 fully performed, complied with and Whirled 6y. then the entire
sum mentioned in said note. and this mortgage, or the entire balance unpaid thereon, shall jorthwifli or
thereafter, at the option of the mortgagee, become and be due and payable, anything in snid note or herein
to the contrary notwithstanding. Failure 6y the. mortgagee to exe?rise-any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this morfga a accrued or
thereafter accruing. THIS IS A BALLOON MORTGAGE AMD THE FINAL PAYMENL
1DR THE BALANCE DUE UPON M.~TURITY IS ~ ~ 545.9
~n witness whereof, the saiaro~3~ A~f1TitEr~~{IWZd'edl&hAfl~reril~ tW~U:
day and year first atone tnritlen. %1DYANCEMENTS MADE BY THE MORTGAGEE UNDEt Jti6
7ERIdS OF THIS MORTGAGE,
Si Wed, a d and- delivered in the presence of :
M~ael Lyn
~~~reu. _ -
-
_ GCS,..
•S~--l-~`~'~~--------------`------- ~G~-------~
Patricia Ann Lynch
. ~ -
STATE OF ~
I HEREBY CERTIFY that on this day. before me, an
otticer duly authorized in the State aforesaid and in the County aforesaid to take ackrwwledgmenu, personally appeared
MICHAEL J. LYNCH and PATRICIA ANN LYNCH, his. wife
to me known to be the person described in and who executed the foregoing instrument and A~-S V acknowledged
hetore me that~~ ~~ezecuted the same. Q
WI7i\ESS my hand and official seal in the County and State last aionsaid this , e day of .
t
. ~ -r..''~ No Public
_ : • - ~ " My Commission Expires .
1980 .JUI. 22 AM ~ 40
_ _ ~~EO AOtN~T1fR~EtO SY!_.VIA-ROBER'T~
~ 1rtOGER POITRASA~ - -Summit County
! " ~ s1 = CLERK ClRCWT LOUR _ 3i~tion. Ohio
z`'i ~ RECORt1 YERIPiEO.-___-$~.-_ - . ~v 9. 1985
~i.
493531
I ltis hulrnnr~~N prrpnrccl Gy:
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