HomeMy WebLinkAbout1151and shall perform, comply with and abide 6y each and eaa.,• the agreements, sNpulatforit, conditions and
cotenants thereof, and of fhta mortgage, then this mortgage and the satnfe hereby created, shall cease, de-
Iermi-te and be null And void.
~~ the mortgagor hereby further covenants and agrees to pay promptly when due 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/ every nature on sntd pro-
perly; to permit, commit or sttf ter no waste, impairment or deterioration of :aid land or the improvements
therecn at a-ty time; to keep the buildings now or hereafter on said land fully insured in a sum of not lest
than
in a company or companies nccepfable to the mortgagee, the policy or policies fo 6e held by, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such inattronce the
mortgagee sholl have the right to receive and apply the snore to the indebtedness hereby secured, accounting
to the mortgagor jor any surplus: to pay all rnsfs,rharges, and expenses. Including lawyers fees and title
searches, reasonably incurred or paid by the mortgagee because of the jnilure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either: to perjorm, rnmply with and abide 6y each and every the agreements, stipulations, rnndtfions and
covenants set forth in said note and this mortgage or either. In the euenf the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and flits
mortgage, or either, the'mortgagee may pay the same, without wniutng or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
/ttl rate then allowed by the laws of the State of Florida.
~l any sum of money herein re/erred fo be not promptly pnid within thirty days next njter
the same becomes due, or if each and every the agreements, stipulations. rnnditions and covenants of said
Hold and this mortgage, or either, are not fully perjornted, 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 of the mortgagee, become and 6e due and payable, anything to said note or herein
to the contrary notwithstanding. Failure by the mortgagee to exercise any o/ the rights or optioru herein
provided shall not cortstitttte a waiter of any rights or options under said note or this mortgage arc-ued or
thereafter accruing.
~n ~~~~ ~h~eof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and delivered in the presence of
PITLl J . S
.. - ARLENE --J': --ST - ffi-----------------
~w=W ,7,~"axr
STATE OF -~H!!fD'A,
COUNTY OF /tllDioICES`x
Iri:,, t~.Si„J.._..t rw_rA.-sJ BY
~c;:~:~ r:- tc :::a~~
v.G P.ci;k_k~iT
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowkdgmcnu, personally appeared
WILLIAM J. STECHER & ARLENE J. STECHER, his wife
to me known to be the persons described in and who executed the torcgoinq instrument and they ackrawkdRed ~~
before me that they executed the same. li
N~ I7:VESS my hand and otiicia) seal in the County and State last aforesaid this ~~ day of i
SU949'7
190 DEC -8 A!I ~ 16
Flt.:e Rrtir F~coKaro
S ROGER POITRA5A
CLERK CiRCUti C Z
f/iis hu~ninrcu( prrparrd by:
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~~
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I HEREBY CERTIFY that on this day, be(orc roe, an
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1ndSce firer Tate Ccrpcrat~on
800 - i9tn Plocr, Vc:o fleoch, fl 32960
MICI:.t+VT i0 A Tlitc" I.V~.JRMtC,E TRANSACTIpN