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HomeMy WebLinkAbout1494 1 and shall per/orm, comply with and abide by ench and every the ogreements, stppulations, conditions and c:.:-s :ants thereo/, and of this mortgage, then this mortgage and the estate hereby created, shall cease, do- te?mtne and be null and twirl. Ii~ the mortgagor hen+by f wfher eouenanes and agrees to pay promptly when dlu the principal and interest and other sums of money provided jo? fn said note and thfs mortgage, or etcher; to pay all and singular the faxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro- perty: to permit, commit or suffer no waste, impairment or defertorafion of said fond or the improuemenes thereon at any time: to keep the buildings noun or hereafter on said land fully insured fn a sum of not leis than FULL INSURABLE VALUE in a company or rnmpantes acceptable to the mortgagee, the policy or polities to be heW 6y, and poyable fo, said mortgagee, and in the event any sum of money becomes payable by virtue of such ittstsrance the mortgagee shall have the right to receive and apply the tame to the indebtedness hereby secured. necotsnting to the moNgagar for any surplw: to pay all costs, charges, and expenses, tncltsdtng lawyers fees and tttb searches. reasonably incurred or paid by the mortgagee because of the jntluro of the mortgagor to promptly , and folly comply with the agreements, stipulations, conditions and covenants of said note and this mortgage. or either; to perform, rnmply with and abide by each and every the agreements, stipulations, conditions and cotenants set forth fn said note and this mortgage or eif!er. In the event the mortgagor fails 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 the option fo jo?eclost or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law- ful rate then allowed by the lows of the Sfafe of Florida. ~l any sum of money herein referred to 6e not promptly paid • • • • • • • - • • • • • • • • • • • - • - • • •aS the same becomes due, or if each and every the agreements, stipulations, conditions and cotenants of said note and this mortgage, or either, are not fully performed. complied with .anti abided 6y, then the entire sum mentioned in said note, rend this mortgage, or the entire balance unpaid thereon, shall forthwith or ~ thereafter, at the option o/ the moHgagee, bernme and be due and payable, anything in said note or herein fo the contrary notwithafanding. Failwe 6y the mortgagee to exercise any of the rights or options herein prodded shall not consfihde a waiter of any rights or options under said note or this mortgage acrn.ed or fhereafler accruing. ~n ~t~~SS thereof, the said mortgagor has he/Pttnfo signed and sealed these presents the clay and year first abote u~ritfen. Signed, sealed mid delivered in the presence of c~ Raymond Fox ~ ~ 1 i . . L- ~ ~,1~',~!--r-'c'. +f .11;:~.-~rL t,~ C - - ~K AI F x - i Je 4 STATE OF FLORIDA, t COL'~ITY OF ST- LUCIE S I HEREBY CERTIFY that on this day, before me, sn officer duly authorized in the State a[oresaid and in the County aforesaid to take acknowledgments, personalty appeared RAYMOND A. FOX and JEAN A. FOX, his wife, to me known to be the persor6 described in and who executed the forrgoing instrument and they acknowledged before me that they executed the ume. WITNESS my hand and o[ficial seal in the County and State last aforeuid this `7 day of , ~1t.~~~t~~~:cwA.D.1980. //~~?y ~y t. r ~V I Q ? ?~y 8 I stNttt Z I ~ f~;" . Notary hbit, State of Plaids at ~ ~ ~ My Catetaitssiotl Ezzpita hilt tf) 1982 s ~ t ;i~ tlr~da• b As,«fo~a fiw a GrWl1r Corwsr k : ` F ' ~ _ V „ ~f~ r f• ' ' ! Z ~ - - t - THIS INSTRUf.4ENT PREPARED eY' 1 Er'AORY C. JORDAN. I,II ~ ~I 1 luloGEE. JOHNSON, JORDAN, HUTCHESON & YOUNG, P.ft //ll I/ll/%!////f/N p/C~JOR"d/ ' M=T FEDERAL SAVINGS a tOArv AUMtN;STRATIVECElITR~ ,1 2ti01 10TH AYENUE. N. ~d~lrrss LAKE WORTH. F~GRIDA 934e1 i Return to: Installment Loan Aept. B~'jxJ~~ PiGE~~~7~ ~ ,