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HomeMy WebLinkAbout1067 . and shall perform, comply with and abide 6y each and every fJ~e agreements, sllpulaftoni, condtltoru nrtd covenants Ihereoj, and of this mortgage, then Ihit mojlpage anti the ~sstate hereby created, shall tense, de- fe?mine and be null and void. ~d the mortgagor heru6y jtt?ther covenants and agrees to pay promptly when due the principal and intere:f and other soma of money prot~idtgl jor to said note and this morlgoge, or either; to pay all and singular the faxes, assessments, IeViPa, liabilities, obligations, and encumbrances of every nature on said pro- perly: fo permit, commit or suffer no waste, impairment or deterioration of said land or the improvements fherecn of any lime; fo keep fh~ buildings nou• or hereafter on said land fully insured in a sum of not less Ihan N/A in n company or companies acceptable to the mortgagee, the policy 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 same fo fhs indebtedness hereby secured, accounting to the mortgagor jor any surplus: fo pay all cost:, charges, and expenses, including lawyer's fees and title searches, reasonaLly incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly and jolly comply with the agreements, stipulations, rnnditions and rnvenanis of said note and this mortgnge, or either; fo perform, comply with and abide by each and every the agreements, stipulations, condiftoru and covenants set forth in said note and this mortgage or either. In ilia event the mortgagor jails fo goy when due any fax, assessment, insurance premium or other sum of money payable 6y virtue of said ?tote and this mortgnge. or either, the mortgagee may pay the same. without waiutng or ajjecfinQ the option to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- f ul mte then allotvetl by the Iau?s of the State of Florida. any sum of money herein referred to be not promptly paid within thirty day: next after the same becomes due, or ij each and every the agreements, stipulations, rnnditions and covenants of said note and this mortgage, or either, are not jolly 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 Ihereajfer, at the option of the mortgagee, 6ernme and 6e due and payable, anything in said note or herein to the contrary notu~ithslanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not constitute a u-ait+er of any rights or options under said note or flits moHgage accrued or fhereajter accruing. ~n ~h~eof, the said mortgagor has hereunto signed and sealed these presents the day and year first above u~ritfen. Signed. sealed and livered in the presence oj: w ness~ DWA.2D D. BILLINGS i STATF.OF~~~ fat~7 ~ COU.'vTY OF I I HEREBY CERTIFY that on this day, before me• as ~ officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledsrttents• personally aplreared EDWARD D. BILLINGS to me known to be the persoq described in and who executed the foreRoinR instrument and who acknowkdsed before me that liR,~. - ~ . ~ N 17'NE$5:~j~~ficial seal in the County and State last aforesaid this d day of a . ~ y ;G'~ - - { ~ ~-J.Y t ~ I f . T . ~ ~ • . p NOTARY• PUBLIC--------------- r , • i ~ . ti € - :~ty Commission Expires: o'Z~Lolf;-3 ~~lE t0 t=1L~0 AMQ R:'^r~~c~ - r, 0 5 3 iz P~'8~ 1 SU6121 Tl~ti Ins~runanl pnprurd by: X342 p~1~6.7 . w - _ ~ _ -