HomeMy WebLinkAbout0684 and shall perform, comply with and abide by each and every the agreements, stipulationi, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, d~-
tsrmine and be null and void. -
the mortgagor Newby further covenants and agrees fo pay promptly when due the principal and
- tnterest and ather sums of money provided jar to said note and this mortgage, or etth.r; to pay all and
singular the faxes. assessments. levies, Itabilittes, obligations, and ertcumbronees of every rtattrre on said pro-
perty: to permit, commit or suffer no waste, impairmen! or deterioration of said land or the improvomenb
fherecn at any time; to Itpep the buildings now or herraf
ter on said land fully insured in a sum of not less
than highest insurable value.
in a rnmpany or companies acceptable to the- mortgages, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue b/ such Insurance the
mortgages shall have the right !o receive and apply the some to the indebtedness hereby secured. aeeounftng
to the mortgagor for any surplus; fo pay all costs. charges. cad expenses. including Iawyeri jeer and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the ngneemenfs, stipulations. conditions and covenants of said note and ihts mortgage.
or either; to perform. rnmply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In Ike event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of .said note and this
mortgage, or either, the mortgagee may pay the snore, without waiving or affecting the option to joneclose
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 Iawa of the State of Florida.
~i any sum of money herein re~en~ed fo be not promptly paid within thirty days next ajier
the same becomes due, or if each and every the agreements, stipulations, conditions and rnuenants of said
note and this mortgage, or either, are not fully performed. complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwIfh or
thereafter, at the option of the mortgagee, become and 6e due and payable, anything in avid note or herein
fo the contrary notwithstanding. Failure 6y the mortgagee fo- exer+cise any of the rights or options herein
provided shall not constitute a uraiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
a• ~n W~~ls f6e said moHgagor has hereunto signed and sealed these presenb the
day and year first above written.
St ,sealed and delivered the presence of
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~t--. - - ...I-_.-..-.......---.--.-_-..-
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with ss LL D. RITE
-
~ STATF. OF FLORIDA,
COUNTY OF ,
I HEREBY CERTIFY slut on this day, before ttte, as
officer duly authorittd in the State aforesaid and in the County aforesaid to take acknowkdsmeats, personally appeared
JOSEPH D. RITE and HELL D.-HITE~, his wife
to me known to be the person descn'bed in and who executed the foresoin~ instrument sad who acknowkd6ed
before me that they executed the same. -
WITNESS my hand and official seal in the County and Sute last aforeuid this o~ a ~ day of
d~~7Z~c.GI.J A. D. 19 ~0- '
~ 504154
Q Q~; 2 ~ 2 NOTARY PUBLIC
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f il.~ C :.r~[ --1:-: i c My Commission Expires : -
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This Instrumrn~-prrparrd by: x~~,:. -
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