HomeMy WebLinkAbout1888antl shall p~rJorm, ~~o-np~y u~ilh ana ab~d~ 6r eacti ana ei~e-y f~e ag-eemenla, sflpu~alioni, condilio~t and
covennnls thereo/, and uJ Ihis morl{~ajiP, thpn this morfgape and ehe sstate here6y c-eat~1, sl~all cease, ds-
lermine an~~ f~ nuU a-~d iwi~~.
~nd 1hP mortgano~ {~~rnby (urfher rnvenanls and agrees fo p4y promplly when clue fhe principal and
inferrsl an~ ul~~e~ sumt oJ money provt~~c~ lor in safc~ note anc~ lhis morfgage, or eilher, fo par a~~ anc~
sinpu~a~ f~e laxes, assessmenfs, ~evi~s, ~ia~~i~ilic~s, oh~i{~afions, anc~ encumbronces oj euery nafure on said pro-
pe-fy: to permif. commil or su~j~r no u~nsle, impairm~n! or ~efe~iornlton o~ sai~ ~na or fhe Improvemenla
fh~recn al a~~y lime; Io Ir~~p fl~e buildinlis nou~ or herraJt~r on said land Jully insiurd in a sum o( noi less
lhan full insurable value
in a com~ny or ~-ompani~s u~'cepta~~~e lo f~~P moriga~~~e, f~~e po~icy o~ po~icies lo E~e hpld 6y, and paya6le
fo, sai~ morl~~ag~~, anc~ in fhP ~venl any sum ol mon~y ~~ecomes payab~e hy virfue o~ such insurance fhe
mortgug~e sl~all hare the -i~h1 lo n~c•eiu~ and opply llie same to Ihe inde6tedness here6y se~cured, accounting
to i~e mortga~or ~or any surp~us; fo pay a~~ c•osfs, c~~a-{~es, ancj expenses. inc~ut~ing ~awyers ~ees anc~ fif~e
searches, reasona~~~y incurrn~I or ~a~d by ~hp morlgagee hecause o~ Ihe lai~ure oJ 1{ee mortgagor to prompf~y
anc~ jully romply u~if~ I~~p a~/re~ntN+~Is, sfipu~afions, conclitiuns ancl eoi~enanls o~ said note an~ Ihis mortgage.
or eit~~er; lo perJorm, comply u~ith and a6ide 6y each and every f~e agreemenls, stipu~ntions, rnndifio-u and
covenanls set jorth in said note and this mortgage or eilher. In fhe erPnt flee morfgaqor jails lo pay when
clue any fax, nssessm~~-~I, insu-ance premi~em or oiher sum o~ money paya6le tiy virtue o( saicr nofe ane~ this
mortgnge, or nifl~er, f~~~ mortqac~ec~ --~Qy ~Qy ftie same, withouf waiving or a~Jecfing ff~e oplion fo ~orec~ose
or any oll~~r ri,rylil I~~re~uul~r, and alI soc•l~ payments shall 6ear interpst (rom date f{~ereof af !{~e 6ighesf law-
(uI ral~ Il~~n alloioc~l by il~~ lains o~ t1~e Slafe o~ F~orida_
Dl nny sum of mon~•Y ~~Prpin re~e-r~ to 6e nof prompt~y pai~ within 3~ days next aJfer
t{~e sam~ b~comr•s du~, or if eacl~ and enery iF~e agreempnls, stipulafions. condifions and coi~enanls o( said
nole and. fhis moriua~~~, or eill~er, ar~ not f ully perJormed, complied wilh and a6~d~1 6y. Il~en I-~e entire
aum mentione~ in said nole, anc~ Ihis mortgage, or tl~ e entire 6a~ance unpaid thpr+~wn, shnll )orthwilh or
t~erea~fer, at fti~ opfion o~ fhe morlga~p~. 6ecome and 6e due and payable, anyltiing in saicr nole or ~erein
to thn confrary nofu~ifl~sfancling. I'ailare hy f~p morlgagee fo exerrise any o~ ftie rig{~fs or opfions ~erein
pronic~e~e~ shall not consliful~ a u~air~r o~ any -ic~tifs or opfions un~er sai~ note or ttiis mortgage nccrued or
f~prea(f~r accruin~.
~n ~itness ~hereof~ f1~~ said morfga~or has hprwunto signtKl and sPalecl fhese presenls Ihe
day o-~d ~nr rirs~ ~Iwi~p ~r-it~pn. THIS IS A BALLOON A10RTGAGE AND THE FINAL PAY-
~~TT OR B~IAIv(E DiJE IJP(~VV NfATURTIY IS y 50 , 308 . 42 TOGETHER WITH ACCRUED
:NTEREST, IF ANY, AND ALL ADVAN~E E BY THE MORTGAGEE UNDER
~''HE TERMS OF THIS *10RTGAGE .
>igned seal d and delivered in t presence of: ~
....... . .. ..... .. . .... ~--- ----- -~ - .-. .... .. . ...- - - - -- -- - --~ ~---...---. ..... .....
- Ocean Breeze Fnterprises . • Inc .-' - - ... . ~
---- - - - ~~ - -- ~- -- - -- ~-~ -~ ~ -- ~ ~ - -
- -- - --
orida ~-Corp;- - --- ---
-
~ ~-~~ t~
-- _ ..~ ~ B i~- ' _ ... . .: _..-~:~~._. Presiden--
. ~
' Attest ~ ~,~ct~ ~ r~j etary ~
_ .. . . .. - - - :~
---. .... ,,
_.......
_..
~ - -- ...---
Corpo~rate _ Seal~~ ~
STATE OF FLORIDA,
Cl)L'\TY ()F ~. ~~
HFREBY C:ERTIFY th~t on this day, be(ore me~ an
o(fi~er dul~• auth.,rized in th~ Stat~ aforcsaid and in th~ Count • aforesaid to tak~ acknowitdqments~ prrsonally appeared
ROBERT E. COLE and MARIE H. COLE, ~'resident and Secretary, respectiv~ly,
of Ocean Breeze Enterprises, Inc., a Florida Corporation.
to mi• known to tx th~ p~•rson deuribed in and who ex~cut~d the (orcQainq instrum~nt and they acknowiedRed
Ixfor~ ~ne that theyx~cuted the same.
1~'ll \ESS my- hand and of(i~ial seal in thr (:ounty and Statr last afur~said this 12th day of
February f~ ~ 19 g 1.
: .
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"4""'""".. ~./..._...."""'"' ' ~' '"" "'"'""" "".._. _ _t..." ' ICi~""'J."'
Notary Public, Stat ~ lo~da~
^ at Large r° `~~ ~ '
1981 ~~ i 3?; : 3~ 2 ~ ~ , ~,:
14y Commission Expires : ~~ .~ ` -
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Si.W~+f C'~.~?'.,i~. '~' -
Ri-GE~' F•CI ~ ~..:, r
C~E?~~. -• '-~ ~.
~ 51699U
' I%ru Ii~uai~n~i~~ prrpnrrc/hy: ACorneMqXENN~EY
; A~G/n_u b15 S. IhD"'I P.~VfR DR.
~ ~ PT~ PtERCE. FL 33450
~
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4 . ",w..A ~'~ r. , .cc~ ' _ ~_.-i.. . . .-~ . , . . "'
N01ARY Pt~sUC SiA1E Of FLORIDA AT URGE
MY COMMiSSION ExPIRfS MAY 28 1981 '
EONDED iH1tU GEt3ERAl INS , UNOEA'vVRtTERS
$R~x348 ~~U~1~87
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