HomeMy WebLinkAbout1771and shall perform, comply with and abide 6y each and every the' agreements, attpulationi, conditions and
rnuenants thereof, and of this mortgage, then this mortgage and the estate herby created, shall cease. de-
termine and 6e null and void.
~If~ fhp mortgagor Newby further covenants and agrees to pay promptly when dw the prlnclpal and
interest and other sums of money provided for to said note and this mortgage. or either; to pay all and
singular the faxes. assessments, levies, liabilities, obligations, and enctunbrartcea of every nature on avid pro-
perty: to permit. commit or suj/er no waste, impairment or deterioration of snid lnrtd or the improuemenb
therecn at any lime: to deep the buildings now or hereafter on said land fully tnstu+ecl in a sum of not leas
than n~a
in n company or companies acceptable to the mortgagee. fhs policy or policies fo 6e held by, and poyabb
to, said mortgagee, and to the event any sum of money becomes payable by utrtw of such insurance the
mortgagee shall have the right fo receive and apply the same fo the indebtedness hereby secured, accounting
to the mortgagor for any attrpltu; to pay all costs, charges, and expenses, Including lawyeri Jess and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and jolly comply with the agreements, stipulations, conditions and eouennnts of said note and this mortgage.
or either: to perform, comply with and abide by each and every the ng-eementa. stipulations, conditions and
rnvennnts set forth in snid note and fhL mortgage or either. In the event the mortgagor jells fo pay when
due any tax, assessment, iruuronce premium or other sum of money payable by virtue of said note and thin
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof nt the highest Inw-
jul rate then allowed by the laws 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 ij 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 of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notu.ithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note o- this mortgage accrued or
thereafter accruing. -
~n ~tbttSS ~het'enf, the said mortgagor has hereunto signed and sealed these presents the
day and year firs! above u~ritfen.
Signed, sealed and delivered in the presence of
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STATE OF ~ILd'fQ>D]R, 0,~`i ~O
COUNTY OF ~ %f~,~~~~,
--- --d--Ti ..Siitith---~ -
f;
Ru -aIDa' B:~ Smith
i HEREBY CERTIFY that on this day, before tne, as
otticer duly authorized in the State aforesaid and in the County aforesaid to take acknowktdsments, personally appeared
Floyd !J. Smith and Ruhama B. Smith, husband and wife
to me known to be the pcnot~ described in and who executed the forcgoinR irotrument and they acknowkdaed
before me that they executed the same.
.__i .WITNESS my hand and otticial seal in the County and State last aforesaid this !~-Q~ day of
A. D. 19$ Q
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;,~,~~G T E INS. CO.
Carte I:!Lrecltt
555 COi_:J~ADO AVE.. wITE 4
STUAR7, FLORIDA 33494
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'Notary Public -~
*~fy commission expires
liotarv Pl:blx, Start; c:i ~Jhio
1~1y Commss+on Ex;,i;2s Gcscbtr 9, 15~A
SU9896 ~°~
1980 OEC 10 AM ~ 12
S R~ER P~ RA~A-
CLERK CgtCUiTCOURT
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