HomeMy WebLinkAbout1215 and shall per/otm; comply with and a61ds by eac/t and tvery the ngnements. stipulations; conditions and
covenants thereof, and of this mortgaps, then iltii' mortgage and the estate herby created, shall cease, de-
termine and be null and void.
gild the mortgagor Newby further eot+enanfs and ogress fo 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 taxes. assessments. levies, liabilities, obligations, and encumbrances of every naiun on said pro-
perty; to permit, commit or suffer no waste. impairment or deterioration of said Innd or lly improvements
Iherecn of arty time; fo beep the buildings now or hereafter on said land jolly insured in n sum of not less
than highest insurable value -
in acompany or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any stun of money becomes payable. by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs. charpei, and expenses. including lawyer i fees and title
senrrhes. reasonably.incttrred or paid 6y the mortgagee because of the failure of the mortgagor to promptly
and jolly rnmply with- the agreements, stipulations, rnnditiona 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. jort~t in said note and this mortgage or either. In the event the mortgagor /ails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said Hole and this.
mortgage, or either. the mortgagee 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 !aw-
f
ul rate then allowed by the laws o/ the State of Florida. - -
~L any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not jolly perjortmed, complied with and .abided 6y, 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 contrary notwithstanding. Failure 6y the mortgagee fo 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 accTUed or
thereafter accruing. -
` ,
~n ~t~~SS ~Itereof, the said mortgagor has. hereunto signed and sealed these presents the
day and year jfrst above a+ritfen. -
Si ,sealed and de 'vered in the presence o/:
L%fj /
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. - 0 p~ILL1PS.. -
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. -
~1LL
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STATE OF FLORIDA,
coU:vTY oI- St. Lucit=_
I HEREBY CERTIFY that on this day, before me, as
officer duly authorized in the State a[oresaid and in--the County aforesaid to take acknowledgments, personally appeared
JOHN PHILLIPSr PHILLIPS and EDGAR W. PHILLIPS
to me known to be the person S described in and who executed the foregoing instrument and ~te y acknowkdged
before me that ley executed the same.
I7 i'~SESS my hand and official sea! in the County and State last aforesaid this 21St day o[
July A. D. 19 80.
-
NOTAR~PUBLIC -
.jUl. 23 P9~ 2 33 -
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FLIED LNG F,EC UfD .
ST ltC COllN~ ~ MI1~Ah'~
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fiDGER PtH RA ~ Il~tyw~~RlM 11ulln!letatM
€ CLERK CiRCitIT CG4~1t-1/jn r . 3 ~1~ ~ My Otts~lltb1~~11 ~YM.hN~1~1N1
4 RECORD YERlF1E0_...~- ~ ~ ~ ~G .
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