HomeMy WebLinkAbout1077 artd shall perform, comply with and abide by each and every the agreements, sttpulattoni, conditions and
covenants thereof, and of this mortgage, Ihen thi: morfgoge and the estate hereby created, shall cease, de-
le?mine and be null and twirl.
the mortgagor pert+by further covenants and agrees to pay promptly when due the principal and
infernsl and other sums of mo?tey provided for in said Hole and fhls mortgage, or either; to pay all and
singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nnttue on said pro-
perly: fo permit, commit or suffer no waste, impairment or deteriorofton of said land or the in?prouements
lherecn at any time: to keep the buildings now or hernajter on sold land jolly insured in a sum of not less
than n/a
in a rnmpany or rnmpanies acceptable to the mortgagee, the policy or policies fo be held 6y, and payable
fo, said mortgagee, and in the event any sum csj money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
fo the mortgagor for any st?rplt?s: fo pay all rods,' charges, and expenses, including lawyer's jeer and ttfle
searches, reasonably inct?r?ed or paid by the mortgagee because of the jailtire of the mortgagor fo promptly
and jolly comply with the agreements, stipulations, conditions and covenants of said note a?td this mortgage,
or either; to perform. comply with and abide by each and every the agreements, stipulations. conditions and
covenants set forth i?t said note and this mortgage or either. /n- the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other st?m of money payable 6y virtue of said note and this
mortgage. or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder. mid all such payments shall bear internsf /rom dale thereof at the highest law-
f ul mte `Ihen allowed by the Inu+s of the State of Florida.
~l any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or i( 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, at the option o/ the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notu+ifhstanding. Failure by the mortgagee fo exercise any of the rights or options herein
provided shall riot constit??te a u+aiaer of any rights or options under said note or this mortgage accrued or
Iherna f ter accruing.
jn ~~ut~s ~~~0`r the said mortgagor has hereunto signed and sealed these presents the
day and year first above tvriffen.
Sig ,sealed and de fiver in the presence of
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DORE Phi BPS
vitneas - . --ct!L~... ~p"`~t-c.~~c~,~'sf-!?~------
- - --CAROL PHIL SOH
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f
~ STATE OF FLORID
GOUNTY OF ~ ~ C ~ •
1 I HEREBY CERTIFY that on this day, betvre mq an
officer duly authorized in the Stair aforesaid and in the County aforesaid to take ackrwwledRments~ prr~pt~~Ij+~~pe3TaJ
• j tif'~0
THEODORE PHILIPSON and CAROL PHILIPSON, his Wife, s,,Z~.••;""'
to me known to be the persona described in and who executed the foregoing instrument and ~~t' 3t . `
• jF il.. 'ES'A
lxforc me that they executed the same. • ~w ..7~
WI7:~tESS my hand and official seal in the County and State last aforesai 's ~ ~'y
November A. D. 19 80 ~ Y~`F~
iyti~~?,.~
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~ . , o s+. , i , r NOTARY PUBLIC
HY COi~4IISSION ERPIRES : ~ o •a y-19~ ~
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