HomeMy WebLinkAbout1029 artd shall perform, comply u,ifh and abide 6y each and every the ngrrements, sttpulattoni, conditions and
covenants thereof, and of this mortgage, then this mortgage and the Pstafe hereby created. shall cease, de-
termine and be null and void.
Ti1t1! the mortgagor hereby further coeenanls and agrees to pay promptly when due the principal and
interest and other sums of money provided for to said note and this mortgage, or either: to pay all and
singular the fares, assessments, levies, liabilities, obltgatto?ts, and encumbrances of every nature on said pro-
perly: fo permit, commit or suffer no waste, impairment or deterioration of :aid land or the improvement
fherrcn at arty time; to keep the buildings Hour or he?eajfpr on said land jolly insured in a sum of not leu
than highest insurable value
in a company o? rnmpanies accpptoblo to the mortgagee, the polity or policies to 6e held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable 6y virtue of such insurance the
mortgagee shall have the right fo receive and apply the :ame to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; fo pay all costs, charges, and expenses, including lawyers fees and title
searches. reasonably inctrrrerl or paid 6y the mortgagee because of the failure of the moHgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and fht mortgage,
or either; to perform, rnmply with and abide 6y each and every the agreements, stipulations, conditions and
rnvp.-tartts set jarth to said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting fhP oglinn to jorerlo*e
or,any other right ~PIPllrtdpr, and all sUCh payments shall bear ante?PSt from date thereof at the highest laur-
(ul rnfe then allou?e~l by the laws of the State of Florida.
~l any sum of money hareirt referred to be not promptly paid within 30 days next after
the same becomes due, or if each and every the agreements, stipulations. conditions and eovennnls of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at 1hp option of the moNgagee, become and 6e due and payable, anything in said note or herein
to the contrary nolwifhsfanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall Hat constiftrtp a u~ainpr of arty rights or options under said note or this mortgage acc?ued or
1 fbprpaftpr accruing. finis is a balloon mortgage and the final payment or the balance due
upon maturity is $3,295.82, together with accrued interest, if any, and all
M ~tMAtc ~wrw F a ancp~entg madH bit the moxt ea and r the _ t~~~g pf
" ~I~~SS ~tDf, flip sat`lT-mortgagor hnslterwunfo stgntk~`dnd seal these pie enls the
day and year first above tvriften. Ln~.B >,Ortg ge.
Signed. s led and dpliopred in ihp presence of
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witness ITH K. ERHILL
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~ STATE OF FLORIDA, I
Cnt'\TY ()F
{ ~ 1 HEREBY CERTIFY that on this day, before rr?e, an
officer duly authori~rd in the Stair aforesaid and in the County aforesaid to take acknowledRmrnts, personally appeared
` ~ BOBBY UNDERHILL and JUDITH K. UNDERHILL, his wife,
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P to me knoNn to Fx• the prrwns described in and who executed the foregoing instrument and they acknowkd~ed
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{xforc me that they r><tcuted the same- ~ ~ F
! ti~'IT\ESS nsy hand and official seal in th.• County and Stad• last aforesaid this ~ day of i
~af~ C~/ :1- D. 19 80.
FILEO ANG RE^.O~CED
! ~ ST.Lt~C'E I - ~ ' FLA. ~ -t!.
r,! _ ::%J_ n~~ My OOMriISSION EXPIRES.
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