HomeMy WebLinkAbout0945 ~ arid shalt perjorm, c~omply wt~h and abld~ 6y ~ac1? and ewry th~ aprwm~nb~ a!l~tu~tioni. co?ec~ltbna ar~
` cot?Nnnnb thoraaf, and oJ l1~ti mortgaqe, then t~ia mortgago anc~ tke atatt !?.r.6r cr.s~.d. ~kau o~w~. ds-
t~rnelne and 6e nul! and votd.
~ elee ,norteagw heroby jwtl~er oove~na~+a and aenai to Par aromp~ty wh.n du. tFi. princrpa[ a~d
infen~i! and other aiuni aj ~naney-proutded /or tn tatd note and tl?ta mo?fgags. or elthK; to pay a~~ and
aingu~ar f1~e taxse. auei~m~nta. levies. liabi~itin, ob~igatlons. and ~ncumbe+anCers oj ~wry natw+t on sak{ pro-
perty; to pormlt, commit o~iuf
jer
no
wdrt~, tn~p~irment or detarioration af iotd Innd or !~e bnprowrmmb
ileereon af ~any ttme; to l~eep the bulkltnga now o~ ~ierra~ter on satd land fuAJr truurod tn a ium of not ~i
than the full inaurable value of afi leaat $56,000.00, ~
in a oompany o~ con~panies acceptabte to t~e moHgagee, the poltc~? or ~ot~.~tv. eo b. h.W br, and paya6l~
to. ~aid moMgagee, and in the event any sum o) money becomei ~ye6~ 6y vtnw b~ iuch tnauronce t1~~
mo~9~ee ,1~,11 l~aue d~ ~9hr ro ~iv. end opptr ihe,ans eo tb• tnd.b~ednos, here6y.ecured. a~ount~ .
to the enorfgagor ~or anq rurpleu; to pay all c~oita, charges, and experue~. tnc~uding law~rer i f
Qes aru~ tit~?
ssorchet. rea~orwbly tacurred or patd by !he nartgagee becawe o~ t~o ~aijure of tlue moNgogor to prompt~y
and ~ully c~omply will~ tbe agreementi, st[pu~afioru, condltioru and oovenanb oj said note and this mo~lgape,
or eithor; !o perf
orm, comply wtth w~d abtde 6y eacl~ and every tlu agrsemeny. ~tipulatfoni. ooru~ittona and
co~enania te! ~ort1~ tn aaitl note and thta mortgage o~ eithea. In the enent t1~ morlqogor ~aiti to pnr w~itn
due any tax, as~eument, truurance premium or ofl~er ~um oj money payab[e by virtua of ~akt not~ and tl~tr
mortpage. or ettker, ihe moHgagea may pay f~ie iame, wilhout wntvtng or al(octtng t1?e optto+t to fonec~~ ~
or any other riAl~t hereuncler, and aII sucb pa~+menti •1~aR bear tnlereat from date tFe~r~eo/ cet tlee Algl~a! law-
~u[ rate 1Ren a[bwed by rhe Iaws of the Stnte o~ Flo?ida. ~ ~
uny ~um o( money herein re%?red to be not prompt~y patd wtthln teil (10 } dayi ~taxt .pf
hr
_ t~e aams 6ecomea due, or i~ each nnd euery f~e agraements. sttpu~atton~, condtttoru ansl oove~ianta, o~ ta3d
note ancl thia mortgage. or eitleer, are not (uuy per~onned, compltsd wtth dnd abtdsd 6y~ t~tpa t~m ~rtHre
sum menttoned in sakl note. and lhta mortgage, at the ~rtflna balaiec~ unpotd !ho»on, a~ ~~oMhwif~ or -
theroafter. at the optton of fhe mortgagee. bec~vme c~d be dus and pn~ia6b, auiyti?t?~ tn sa~d note or hentn
to t~e contmry notwtlhsfandtng, Failure by tl~e moNgagee to exercbe any of tke rig~?b or opHons ho~tn
proutde~d ahell not conslitufe a walver o~ any ~ighfs o~ options unde~ aatd note w thb mortgage ttocfued or
l~iereajfer accruing. _
71i ~~1~~`~ t1~e ,ord moNeagar hni kereunto atgned and sealed theae ~enli ti~e
day and year jtrst aboue written. THIS IS A BALLOON MORTGAGE AND THE FINAL
RINCIPAL PAYMENT OR THL PR~NCIPAL BALANCE DUE UPON MATURITY IS
47,116..00, T06BTHBR WITH ACGRUED INTERBST, IF ANYr AND ALL AD- -
ANCEMENTS MADE BY T8L MORTGAGEE UNDER T E TERMS OP' THIS MORTGAGE.~
igned, sealed ancl delivered
' n the presence of : . . . . . . . .
- D~ y_ HENRY TER
.-K~;~...Q._. c~c~arL~......._... .
- .
.
STATE OF FLORIDA. ~
COUrTY oF INDIAN RIYER
I HEREBY CERTIFY that on this day, beforc me, aa
officer duly authorized in the State aforesaid and in the County atore~aid to take ac4»owkdgments, perwnally appeated
j
, HENRY J. WALTER .
i
' to me known to be the peraon deacribed in and who executed the foregoinq inttrument and he arknowkdaed.
f . w;..
i ~ t . f
be[ore me that ~'1C executed the same.
WI1'NESS my hand and of(icial Kal in the County and State last aforeuid this ~ :-~s~~ey o(
t... r,'~
November A. D. 19 s?
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No~a"r'y ubT'ic;''~~~e '~f~~~I~p~ i~~~'~
~ My Commission ~ '
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~ 60QK ~~6 PAGE ~40
T/ru hulnimt»~ pn?pr~~d by: •Elizabeth A. Jackaon, MOS3r HLNDGRSON & LLOYD~ P A. _
n~~,~ 817 Beachland Boulevarc7, Vero Beach, FL 32963
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