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artd stall perform, comply u~ifh artd t.bide by each and every • the agreements, stipulations, conditions and
cot>enanfs thereof, and of Ihis moNgage, Ihen this mo?lgage and the estate hereby created, shall cease, de-
termine and 6e null and twirl. •
end the mortgagor hereby f
urlher rnvenanls and agrees to pay promptly when due the principal and
interest and other sums o) money provided for in satd note and this mortgage, or either; to pay ail and
singular flte faxes, assessnte?tls, levies, liabilities, obligations, and encumbrances o) every nature on said pro-
perty; to permit. commit or stiffer rto waste, impairme?tf or deterioration o) said land or the improvements
Iherea?t of a?ty time: fo ~eep the buildings notu or hereafter o?t said lantl fully insured to a sum of not less
than nil
in a company or companies acceptable fo the mortgagee, the policy or policies fo be held 6y, and payable
to, said mortgagee, and in flte euertt any sum of mo?tey becomes payable by virtue of such insurance the
mortgagee shall hat>e the right fo receive and apply the same to the indebtedness hereby secured, accounting
to the morlgaftor for any surplus: to pay allscosfs, charges. and expenses, including lawyer's Dees and title
searches, reasonably incurred or paid 6y the mortgagee because o) the failure of the mortgagor to promptly
and fully comply u~fth the agreentertfs, stipulations, conditions and covenants of said note and this mortgage,
or eillter: fo perform, comply u>itlt and abicle 6y each and every the agreements, stipulations, conditions and
cot>ena?tls set forth i?t said note and this mortgage or either. In the event the mortgagor fails fo pay when
due auy fax, assessment, insunmce premium or other sum of money payable by virtue of said nose and this
mortgage, or either, the morfftagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest jrom date IhereoJ at the highest law-
ful mfe then aQotoetl by the Imus of the State of Florida.
any sum of maney herein referred fo 6e not promptly paid within 30 days next after
the same 1?ecomes 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 abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or herein
fo the contrary nohudhsfanding. Failure by Ibe mortgagee to exercise any of the rights or options horpiq ,
providt>tl shall not constitute a waiver of any rights or options under said note or this /?toHgage accrued or f
fhernajtt>r accruing.
~n ~itntSS ~~CtOf, the said mortgagor has Itern:tnfo signed and sealed these presents the
day and year first above a>riffen.
Signt-d, sealed and deii?>ered in the pres.~nce of
~ - - . Is el. Ve1ie~
~ Ligi Velez
i
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' STATE of NEW YORK
~ CO(:ATY OF QUEENS i ~
1 HEREBY CERTIFY that on this day, before ?rte, an ~
officer duly authorized in the State aforesaid and in the County aforesaid to take ackttowkdgments, personally appeared
ISMAEL VELEZ and LIGIA VELEZ, his wife
to me known to be the person g described in and who executed the foregoing instrument and whp acknowkdged
I+e(ore ?ne that they executed the same. /
N't7 \ESS my hand and official seal in the (:aunty and State last aforesaid this day of
~c~70 i° f ~ A. D. t 9 80•
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s Ik. 41-161 NOTARY PUBLIC
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z c ?~ty cou®ission expires
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