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HomeMy WebLinkAbout0076and shall perform, rwmply with and abide 6y each and every the ,agreements. stipulationi. eondiUons and rnverlanfs thereof, and of this mortgage, then this mortgage and the estate hereby crenfed, shall cease, de- te-mine and bs null and void. nIN~ the mortgagor hen+by (urf/tsr rnuenanfs and agues to prey promptly when des the principal and interest and other sums of money provided jor in said note and this mortgage, or either; to pay all and singular the taxes, assessments, levies. liabilities, obligations, and encumbrances o/ awry nature on said pro- perly; fo permit. rnmmif or strjjer no wosle, impairment or deleriorotion of said land or the improvements thprecn of arty lime; fo deep Ills buildings now w hereafter on said land fully insured in a sum of not leis than highest lneurable value in a rnmpany or companies acceptable fo the mortgagee, the policy or policies to be held 6y, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance fhs mortgagpe shall have the right to receive and apply the same to the indebtedness hereby:scored, accounting to the mortgagor jor any surplus: to pay all cost:,.charges, and expenses, including lawyers jeer and title searches, reasonably incurred or paid 6y the mortgagee because of the jailors of the mortgagor fo promptly and jolly rnmply with the agreements, stipulations, rnndilions and covenants of said note rend Ibis mortgage. or either; fo perform, comply with and abide by each and euery the agreements. stipulations. conditions rend covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when due any tax, assessment, insurances premium or other sum of money payable 6y virtue of said note and this mortgage, or either, fhp mortgagee may pay the snore, without waiving or affecting the option to foreclose or any other right hereunder, and all such payments shall bear Interest from date Ihereoj at the highest law- jl/l M1e Ihen allolr+erl bV fhP laws Oj fhP Stale Oj Florida. ll any sum of money herein relprrpd fo be not promptly paid within 30 days next njter fhp same becomes dug, or ij each and every the agreements, stipulations. conditions and covenants of said rect.- and this mortgage, or either, are not fully performed, complied with and abided by, Ihen the entire sum mentioned in said note, and this mortgage, or the entire 6alnnce unpaid thereon, shall forthwith or fhpreajter, at the option of the mortgagee, become and 6e due and payable, nnylhtng in said note or herein to the contrary nofu•ifhslanding. Failure by the mortgagee to exercise any of the rights or options herein provided shall not consliftrlp a u~aivpr of any rights or options under said note or this mortgage accrued or fbprpajfpr ncrruing. ~n ~~~~ ~he~eof, fbe said mortgagor has herettnlo signed and sealed these presents the day and year first shots- turiftpn. THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE DUE UPON MATURITY IS $989.32, TOGETHER WITH ACCRUED INTEREST, IF ANY, AND Si sealed and delivered the prpSprl['p oj: ALL ADVANCEMENTS MADE BY THE MORTGAGEE UNDl O TH GE. wi ROBERT I. GULLEY to s ORMA A. Dii'LLEY • -----~ -- -- STATE of >~IX} Kentucky COl'XTY OF I HEREBY CERTIFY that on this day, before me, an officer duly authorired in the State aforesaid and in the County aforesaid to take acknowledgments, prrsonally appeared ROBERT I. GULLEY and NORMA A. GULLEY, his wife, to me known to hr th~• pcrson8 dexritxd in and who executed the foregoing instrument and they acknowledged heforr rnr that they executed the same- ~~ 1'1:1ESS my hand and official scat in the County and State last aforesaid this ie~~;~!~ .~ day of November !~ p Ig 80. /'' OEC - I Phi 2 54 ARY PUBLIC 1<(Y C(1MMTSST(1N FXPTRFS FtlEO ANi: pECp• p SL IIKtE Cf1tM T Y, F`` A. ROGER POfTRAS Ci[ttK CItiCJR C T ~~ 508849 %i~ htummni~ prfp~irr-d hy: nlld>r(~- ~_.~ . ___- - X344 P~ 7^6 ;; _`i-. - ~~ _, " is t- ,' _ - `., ~~ '- >~` =:: • • .... •'r'•~~. • .-. ! i I^. '~ ' ~. -- ~r~: