HomeMy WebLinkAbout0973 an~ aha~~ per~orm, romp~y u~ilf~ anc~ nbic,e hy eacti anc~ every the ngreements, atipu~atioru, condtttons and
coi~enanls therc+oj, and oj thi~ mort~as~e, then thts mo?tgage nnd if~s eitate I~e.+eby c?sated, sI~nII ceaae, de-
terrnine ancr be nii~~ aad t~oi~l.
~11111 lhp morfga~or hereby ~wftier couenanls and o9rees to pay prompfly when due t~e principa~ and
intereal and olhe~ siinu o~ money provlc~ed ~or in satc~ note ana~ t~ti mortgnge, or eit{~er; to poy a~~ nnd
aingu~ar f~e IAXP1, assessmenia, leutes. ~ia~i~ilies, ob~igationl, and encumbrnnces o~ every nature on satd pro-
perty; to permif, commil or suf~er no waste, impairmenf or deterlorotion o~ iaid Iand or t{~e improvementi
therncn a1 any ~IR1P; fo ~PPp ~IhP 6uildings now or I~ernaf ter on tnitl land f ully inscu~ed in a:um of not Iesi
than Highest insurable value
in n company or compunies accpptab~e fo t~e mortga~ee, the po~tcy or po~icie~ !o be held by, and pnyable
to, saic~ mortgagee. unc~ in thp event any ~um oJ money 6ecomes ~yabl~ 6y virtue o/ such insurance fl~~ i~
martgagee shall ?~aun the right to re~ceive nnd apply iha snme to tl~e indebtedne:s here6y secured, aceounttng
fo the morfga~lor (or any surp~ua: to pay a~~ costs, cf~arges, and expenses, incluc~ing ~awyer's ~ees and til~e
searc~es, reasona6ly inrurrec~ or paid by t{~e morfgagee because ~ F the ~ai~ur+e oF f~e rnortgagor to promptly
and ju~~y comp,y u~ilh I~e agreemenfs, sfipu~alions, cone~ifions anc~ covenanfs oJ satc~ note anc~ t~ts mo?lgage.
or either; to per(orm, compiy with and abide 6y eucl~ and every !he agreementa, stipulationa, conditiona and ~
covenants set forfl~ in said nofe and this mortgage or either. In the event the morfgago~ (at~s to pny wl~en
due any tax, assessment, inauranre premium or o1F~er sum o( money paya6le by utrtue of said note and this
mortgage, or eit~er, t~p mortgagPe may pay fhe same, u~ithout waiving or n~Jecting the option to ~orec~oae
or any ot1?er rinl~t F~erpunder, and nlI such payments shall 6ear interest (rom date thereoj ot ti~e highest law-
fu! rnte lhen allowec! by the lau~s oj the State oJ Floridn. '
~L any sum o( money herein re(errecr to be not prompf~y pnid wifhin 30 day~ next ajter
tl~P same 6ecomes due, or i f each antl euery t{~e ngreements, stipulalions, conditions a?td covenanta o~ suit~
note and this morlgac~e, or eitf?er, are not f ully per~ormed, comp~ied with nntl a6iclecl 6y, then t~te enfire
sum mentioned in snid note, and this mortgage, or the entire balance unpaid t1~er+eon, shal~ fort~witft or
thereajter, at fhe oplion o~ the morfgngee, become and be due nna payable, anything in saic~ nole or f~erein
ta f~e ~onfrary nofu~ifhstancling. Failure 6y rf~e mortgagee to exercise any oj the righfs or op~fons herein
pronic~ec~ sha~~ nof conslil~~te a u~aiver o~ any rig~ts or options under saic~ note or t~is mortgage accrued or
thereafl~r acrruing. i{? S i3 A 6,.L:.u~;~ ~nE t?NAL
` P..tiNENT OR4 ?NE BILL?.N:,c D__ ;i a:,;~T1iRiTY
~n ~itness ~~Ol~ the saic~ mortgagorl~at {~ereunio sig~3ed and s~i~~1~sW~s~ls the
day ancl year Jirst a6o~~e u~ritlen. CRUED IIITEREST, IF ANY, AND ALL ADYANCE-
11ENTS MIIDE Br TNE MORTGA6EE 8NDE8 T~
Signed, sealecr ancl cleli~~~red in ihe prese??ce aJ: . S OF TYIS MORT6A6E
--r~---~~~~~'-~.i-- - - AT - ~ :
Witnes M.~ES
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Witness 1~N
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I STA.TE OF FLORIDA, ~
COti KTY OF BROWARD
I I HF.REBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County a(oresaid to tak~ acknowledAmenu, penonally app~ared
TOM M. YATES and LIANE M. YATES, his xife
to mc known to br thc pcrson described in and who ezecuted the for~goinq instrument and ge acknow{edged
beforc me that He txecuted the same.
~~'I~'NESS my hand and official seal in thc County and Stat~ last aforesaid this a 9 day o[
A. D. 19 86
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Gr?1.,~~ ~~f..~~C~~~^` C?
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~~vvV OTARY PUBLIC - ' 4 ' .
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MY COMMISSION EXPI~t£S: t 'y
'86 FEB -'5 P 3 ~4 " N°~n' S~' -o~~°d~` ° j y •
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ROGER Fi~: ~ ~u:t'; ~
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ST. IUCIE Cr' ~
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7~iu Lutranrc~~t preparcd by: BOOK `#tiil F~G~ t~7U s- i
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