HomeMy WebLinkAbout0329 and shall pe?jorm, rnmply with and abida 6y each and every the agreements. alipulafioni, conditions and
covenants thereof, and o) this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and be null and twirl. - -
the mortgagor Newby further covenants and agrees to prey promptly when due the pNnctpal and
interest and other sums of money provided jar in sold Hots and this mortgage, or Nther; to pay all and
singular the taxes, assessments, levtes, ltabtliftes, obligations, and encum6rancea of every nature on said pro-
perly; to peerrtil, commit or suffer no waste. impairment or deteriornfion of said Land or the improvements
thereon of arty time; to beep the buildings now or-Iie~tjfer on so:d Land /ally insured in a sum of not Iess
than fall insurable value
in n company or rnmpnntes acceptable fo the mortgagee. Ihs policy or policies to be held by, and payable
to, sold mortgagee, and in the event any sum of money becomes payable 6y virtue o) such insurance the
mortgagee steal! have the right to receive and apply the same to the indebtedness hereby secured, aceounfing
to the mortgagor for any sttrpltu: to pay all costs. charges, and expenses, including bwyer's jest and title
searches, reasonably incurred or paid 6y 1he mortgagee because of the jailtu+e of the mortgagor to promptly
and fully comply with the ogreemenis, stipulations, conditions and covenants of said note and this morfgage,-
or either: to perform, rnmply with. and abide 6y each and every the agreemenfs. stipulations. rnnditio?u and
rnvenanis set forth in said note and this moNgnge or either, In the event the mortgagor jails fo pay when
due any fax, assessment, insurance premium or other stun of money payable 6y virtue of said note and Ibis
mortgage, or either, the mortgagee may pay the same, without uwiving or affecting the option to foreclose
or-any other right hereunder, and alI such payments shall bear interest from date 1her+eoj at the highest !aw-
JuI rate then allowed by the laws of the State of Florida.- ~
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any sum of money herein referred to be not promptly paid with 10 days next after
the same becomes dtte, or ij each and every the agreements, stipulations. rn itiotu and rnvenants of said
note and ibis mortgage. or-either, are not fully pelf
ormed, complied with an bided ~y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance- unpaid thereon, shall jo?thwtth or
thereafter, at the option o/ the mortgagee. become and 6e due and payable, anything in said note or herein
to the contrary noiwdhstanding. Failure 6y the mortgagee to exercise any of -the dghfs or options herein
provided shall not cortstiltrte a wailer of any rights or options under said note or this moNgnge accrued or
thereafter accruing. - - ~ ~
`~,M,
~n ~~uleSS ~ht~eof, the .said morlga~ has he unto signed and sealed these presents the
day and year f
i ne written. - ~
Sig a and de ' in the presence oj:
~ ~`L
Ro ert L. G ddy
- dy
- -y-- a d:- -
~ f
i
s
i
I
f STATE OF FLORIDA, ~ - = I
GOU:~TY OF Palm Beach
I HEREBY CERTIFY that on this day, before me, as
officer duly authorized in the Statc aforesaid and in the County aforesaid to uke acknowkdgmrnts, personally appeared
Robert L. Gaddy and Yvonne J. Gaddy
to me known to be the person described in and who a:ecuted the foregoin¢ instrument and they acknowkdRed
Before me that they cxccuted the same-
K I7NESS my hand and official seal in the County and Sute last aforesaid thu 16th day of
September A- D. ig 80
~ ~ 190 22 ~ .
$I.L 1E~CGU `RSA. ~ NOTARY Pt,3UC STATE C+F F1Ci~IDA AT IARGE
FtIEC' ~
~ F POI M~~
jM~ISSi`,Q,C~~ItaS,JLUtY~2
RWRIif:RS /
~ ~LrFcK CIRCUIT CCU?j
T ~ -
KEVIN J. McAVOY - y^ ~ ~ ~ ~
I INSTALLtlENT LOAN OFFICER
FIRST A'.'ERICAN BANK ~ ~ ~ ~ ~ ~
" ~
OF PALM CEr'.CN COUNTY _ ~ c~ i
ti
0 401 NORTHLAKE BLVD. " i~F*'
1~lORTH PALM BEJICH, FL 334013 . ~ ~ ' • av
J : t..~ .
flris Lulrrunnd prrpnrrd hy: Jerri Bateson ~ ter ~ - ~ ~
Ad~IR_cr gust ~aerican Bank of Palm Beach Covaty
~ ` North Palm Beach, Pl. - 8 p~~'~~
p~ ~