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Home My WebLink About0372 and shall perform, comply u•ilh and abide by each and every the agreements, stipulation's, conditions and 1 ! t•/,1'e11r11115 flle?eof, aflrl aI tI11S n?0If[f(1?tP, Ihen IhIS mortgage and the PSIa1P IlPrel,y created, shall CPQSe, de- te?rnine and br null and vof<l. ~nd the mort~ta[tor hereby further covenmrfs and agrees !o pay promptly when due the principal and iulernsf and other stuns of money prorided for bt said note and this mortgage, or either, to pay all and sinftular the t/l.\eS, assessments, levies, liabilities, obliffafions, and encumi,rances of every nature on said pro- ( perly; (o tx•rmil. commit or suffer no tvasfP, impairment or deterioration of said land or the improvements lherrcn at auy time; to Beep the buildin[Is now or hereof ter ou said land )ally insured fn n sum of not less j than nil in a company or court>auirs acceptable to the mo?Iftnflee, the policy or policiex fo 6e held 6y, and payable to, said mort~tagt•e, and in the event any sum of money becomes payable 6y virtue of such insurance the morlgafp•e shall have the riffhl fo n•ceire and apply the same to the indebtedness hereby secured, accounting to the moM,ryagor for any surplus: to pay all costs, charges, and expenses, including lawyers (PPS and title ~ scorches, n•asonnbly incurred or paid by the mortgagee because of the failure of the mortgagor to promptly Ii and fully comply with the agreements, stipulations, conditions and covenants of said note and Ibis mortgage, or either, to perform, comply u•iflt and abide by each and every the agreements. sffpulafions, conditions and `f c-ovrvu?nls set forth in said Hole and this mortgage or eflhPr. In the event the mortgagor fails to pay when due any tax, assessment, insuranrr premium or other sum of money payable 6y virtue of said Hole and Ibis mortgage, or either, the morlryagee may pay the samt•, without waiving or affecting the option fo foreclose j or any other ri~tlrt hernunder, and all such payments shall bear interest from date thereof al the highest law- ful mte then allou•cd by flr?• tarns of the State of Florida. j D! auy sum of money herein referred to l?e not promptly paid within 30 days next after the same becomes due, or if each and every the aryreemrnls, stipulations, conditions and covenants of said j note and Ibis marfftaye, or either, are not fully performed, complied with and abided by. then the entire ~ sum mentioned in said note, and Ibis mortgage, or dlte enfirn balance unpaid thereon, shall forthwith or Ilternafler. nl the option of the morlnanee, become and be due and payable, anything in said note or herein fo the confran• nolu•rfhslmulinry. I'ailurn by Ilre mortgagee to ererrise any of the rights or options herein prot•irle?1 shall not constitute a waiver of any riryhls or options under said note or Ibis mortgage accrued or Ihernafter arrruinct. j ~n ~itneS~ ~h~reof, the snid morlffayor Iras hPlPIIn10 signed and sealed these presents Ilre j Clay and yrar first above u•rilfen. II Si[tned. sealed and delirernd in Ihr prn.rnce of : ~ Wi esQ~ ART R R. COWAN Q~ j I Witness SU ' A COWAN { l I ~ I - ~ sTaTE OF ~ NORTH CAROLINA f j ~ I HEREBY CERTIFY that on this day, before me, an offi,er duk :nrthnriu•d in the Staa• afrvesaid and in the County aforesaid to take acknowledgments, personally appeared F ~ } ARTHUR R. COWAN and SUZANNA CO{.'AN, his wife t,r nu• known to lx• th•• p•rwn S described in and who executed the (orr¢oi::q instrument and Who acknowkdged r i iN•(un• nle that theyexeeuud the same. ~ 1Y1"1~F.SS nn• hand and of[icial seal in th,• County and Stat,• last aforesaid this ~~'o-~ day of i ! e ~ (~cT~~ w n. 19 80 ~ NOTARY PUIC • t~ , ~ ~S3 q ~ i~ '?y My commission expires: j~ - t J I. aiV~3 kEy Com.;:,s:.on Eap.res S!zy 19. 1382 c_ ~ ~ ~ ill ~~i ~3 ~r J r ` /I~ llfi~•%islnrwN+trl•~rn~?~rrr~/lr~~: - - K34~ PEE 3?2 _ 5