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HomeMy WebLinkAbout0940 1 anr~ ~ha~l p~r~orm. rum~~~v u~i11~ an~ ah~d. hy ~1~ nnc~ ~~~~ry ogrremenla. •lipu~aliona. con~ilions nnd coi~snonls ~hrr~~. and of lhis morf4~aq~. (F~Pn Ii~is mortAopr ond Il~s e~tal~ ~~nr6y rrruf~rc~. sl~all ~was~. d~ ~PfIt1111P (lfl~ ~)P /lll~' A?1~ ~'OI(~. ~ ~111R thp morfya~~or hPr~•6y (urther covpnanls and agrees to pay promplly wken due Ihp principol nnd internsl and ~rhp~ s~~ms o~ money provit~et~ jor in taid nofe and Itii~ mortgage, or eiftier: to pay a~~ and singular the I~xPS. assPSSm~nis, IPI~IPt, Iia6ilitiea, obligation~, anc~ encumbr+ancea o~ ei~ery nalure on said pro~ pprfy: to permif. commif o~ sujjer rio u~nsfe, impairmPnf or ~eferiorafion o~ saic~ ~and or fhe improvemenft 1{~PrP~~n at nny lim~; to ~PPP ~~P buildings now or herwa~t~r on said land /ully insured in a aum o( not leai ~ than its highest insurable value in a company or c-ompani~s a~cpptuble fo the mortga9ee, the policy or policies to be held by, and ~xiynbl~ to, said morf4agpe, anrl in the e~~ent any sum o~ money becomes ~ya6[~ by virtue o( such inawance 1{~t mortgagPe s{~all ha~~e the riqf~t to ~PfPIPP ancl apply lF~e ~nme to 1he inde6tednesa hereby secured, nccounting I fo f{~e morlganor ~or uny sierp~~~s; fo pay n~~ cosfs, ctia?ges, and expenaes, incluc~i~g ~awyPr~s jpes and tif~e search~s, reasona6ly incurrecl or paid 6y ~hP mortgapee because o~ f~e ~ni~urp o~ thp morfgagor lo prompt~y I anc~ ~ully comply u~if~? the ac~reemenG, stipu~alions, conc~itions nnd coi~enants o( saic~ nofe anc~ l~ia mortgaga, or eit~ier; fo pPr(orm, ~omp~y u~itl~ Qnd abide 6y pa~l~ and every the agrePments, stipu~ations, condifions artd co~~enariis spt Jortf? in said note a~id this mortgage or eit{~er. In the event the morigagor ~ails to pay wl~en due any tax, nssPSSmenf, insuran~e premium or olher sum u~ money paya6le by virtue of said note and tl?is mortga,ye, or ~it'~er. Ihe mortyagPe ntay pay ttie same, without wnii~ing or a~jecting the option to ~orec~ose ( or any of{~er rig~~l ~Preun~er, nn~ a~~ st~ch paymenfs shall E~ear interp~t jrom t~ate thereof at t{ie {~ighest ~ntu- (a~ rnfe If~en a~~otve~l ~,p 1{ie ~m~~s u~ t{~p StafP o~ F~orit~a. ( ]F 30 ~ Dl nny sum oJ mon~y I~c~rein rp`prrpc~ to he not prompt~y paic~ within c~nys next a~fer t{~e samP bPromPS du~, or i~ each and ~~~ery the agreemprifs, sfipulations, conclitions a~d co~~enants o~ said note anc~ this morfy~g~, or eithPr, arP not ful~y performed, romplied u~ith anc~ ab~dpd 6y, t1~en fl~e enlire sum menfioned in said not~, and this mortyage, or th e entire balartce unpned tliereon, shall ~orthwith or ftiereaffer, af t{~~ opfio?i oJ ttie morfgagee, hecome an~ he due and payable, anyt~ing in sai~ note or j?erein fo Ihe contrary notu~if{istancliny. Failure 6y the morlgagee fo exercise any o( fhe rights or options ~?e~ein ~ prot~ic~~c~ sha~~ riof consfitufe n u~aivPr oJ nny rig~ts or options under sai~ nole or t~is mortgage accrued or i ~ t~preu~l~r nccrtiing. ~ ~n ~itness ~hereof~ tf~c~ sai~ morfga,yor hns I~Pretu~lo siqnpc~ an~ sPa~PC~ t{?PSe presenls t{ie ~ny anc~ ~~ar firsl af>oi~e u~riflPn. ` - [9l1P~. SP(lIPQ an~ ~e~ir~rec~ in t~~ prc~sc~?tt-p o~: ' I ~ ~ _ ~ _~~'~!if. ~ ~ _ ~ - - . _ _ . . ` c ~ E ~ Edward F. Reilly ~ - - ` . . _ . _ . . _ _ _ . _ ~ ~ - - f ~ ~ F ~ . _ ~ ~ , ! i _ _ _ _ € _ . ~ ~ . ~ ~ . - ; ~ b ! STATE OF FLORIDA, ~ ' ' r ; = - ~ I Ct~C~T~' c~F MARTIN - : - ~ I HER£Bl' CERTIFt that on this day, before•rae, ~e ~ ti g officer duly~ authori~ed in the Statr aforesaid and in the County aforesaid to tak~ acknowledqments, ptnonally appeared ~ Edward F. Reill ~ ' y, as Trustee, with full power to pr-otect, consezve,~; ~ ~ ~ sell, lease or encumber, and Individually ~ ~ to m~ known to t~ thr pr•rso~~ described in and who eaecuted tf~e (orrQoin¢ ~nstrument and he aclnowledged ~ ~ beforr me that he extcuted the same. ~ ~ ~~'ll \F.SS m>~ h:ind and offi~ial seal in th~• Coiinty and Stat~• last aforesaid this day o( I k j F February D 19 85 ~ ~ j ~ ~ ~ : ~ , ? t C . . I '~5 FE~ Z? P2 ~39 - i NOTA PUBLIC ~ MY COMMISSION EXPI ES3-3~~$~d I . F1~_~. ~ ` ROG~;t ± : ST. LU~ ~ - ~ i i ' 6943'~5 , ~ _ ~ ; ; , ~ "/lrr, Iusmii~irrN pr~F~lrr~! f~y: ; ,'1 ~1,lr~~ss ' f ~ ;x4~7 p~,~ ~40 ; ~ _ _ ~~~~5 ~~~.'~~~~.~~s~~~~~ ~ g