HomeMy WebLinkAbout1550 and shall perform, comply with and abide 6y each and every the agroements, stipulations, conditions and
covenants tltereo(, a?ed of this mortgage, then Ihis mortgage and the estate hereby created, shall cease, de-
terminejj~~and be null and void.
lltlnd the mortgagor hen+by f urlher covenants and agree: to pay promptly when due the principal and
i?rternst and other sums of money provided ~or in said note and this mortgage, or either; to pay all and
singular the fares, assessments, levies, liabilities, obligations. and encumbrances of every nattue un said pro-
perty; fo Hermit. commit or strJfer no tt{aste, impairment or deferioralton o/ said land w the improvements
• lherecn nl any time; to keep the buildings noun or hernafler on said land fully instr?ed in a sum of not Ies:
than highest insurable value
in a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mort{tagee, and in the event any strm of money 6.
comes payable 6y virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; to pay all rnsts, charges, and expenses, including lawyer's fees and Ntle
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agrnemenls, stipulations, conditions and covenants of said note and flits mortgage,
or either; to perform, comply u,itlt and abide by each and every the agreements, stipulations, conditions and
cove?tanls set forth in said note and this mortgage or either. In the event the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or of
feeling the option fo foreclose
or any other right hereunder, arr?I all such payments shall bear interest from date thereof at the highest Inw-
(ul rate then allowed by the lags of the State of Florida.
any sum of money herein referred t0 be not promptly paid within thirty days next after
the same becomes dt?e. or if each and every the agreements, stipulations. conditions and covenants of said
note and this morhtage, or either, am not fully performed, rnmplied 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 of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary nohvithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not tti,nslihrle a wa1VPr Of any rights or options under said note or this mortgage accrued or
thereat ter accnring.
~n ~ittltSS ~heCeof, fire sold mortgagor has herntrnto signed and sealed these presents the
day and year first above u~ritfen.
Signed, sealed and delivered in the presence of
- - ~Oi~
Winston Baugh
-
eve ey Baugh
' r ~ -
- - - - - B
i
i
I
STATE OF FLORIDA,
~ COUNTY OF ~ ~l~Q,
~ I HEREBY CERTIFY that on this day. before mr. an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Winston Baugh & Beverley Baugh, his wife
to me known to be the prrson $ described in and who executed the foregoing instrument and php acknowledged
before me that they esecuted the same.
H17'KESS my hand and official seal in the County and State last aforesaid this 3~ day of
? A. D. 19$0.
I
L;~~:' • - - Nptary Public
! ';'p~ •.~3~E) My Commission Expires: i
E ` c~ NdTARY PUBLIC. STATE OF fLORtDA AT LARff
:
~ 'C.~ ~ MY COMMISSION EXPIRES JUfYE 7.1982
~ . - - PONOEO T,p,pUQN MirAOSKMASNTOt'r ~uC.
~ Si,~'7918
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