HomeMy WebLinkAbout2934 an~l shall P~.jorm, comply u~itti and a6ide 6y pa~•h an~ e~~ery the agreements, stipulalioni, conditions and
coi~pn~nts thereoJ, nnd o{ tF~is mortgage, IhPn tl~is morlgnge nnd Il~e e~lnte here6y creafed, e{~a~~ ceate, t~e-
lermine an~I 6e nu~l and t~oirl.
~n~ f{~v morfgugor ~~en~~y ~urther covennnts anc~ ngrees fo pny prompf~y u~hen due ftie principal and
inlPrPSt and otl~E~r sums o( money provi~ecl ~or in sai~ note and this mortgage, or eilher: fo pay al~ nnd
singular the ta.rps, assPSSmenls, levies, ~ia6ililies, ob~igations, and encumbrances o~ e~~ry nafure on said pro-
pprly; fo permil, commil or s~i~~e~ no wasfe, impairment or deteriorafion of sa~d l~?~d or (~e impro~emenl~
thereon nt any 1imP: 10 ~ePp fhe 6uildings nou~ or herea~t~r on ~a~d 1a~d Ju~~y insured in a sunt o~ not ~ess
1{~an
in n company or cornpanies accepta6le to the mortgo9ee, the policy or policies to 6e he[d 6y, nnd ~ya6l~
to, saic~ mortgngee, an~ in the event any sum o( money 6ecomes ~ya6l~ by virlue oJ suc{~ inturnnce t~e
mortqnAep S~DII ~Al'P Ihp right to receive and apply tl~e snme to tf~e inde6tedness hereby secured, accounting
to fhe morlga~or (or any surp~us: to pny a~~ costs, c{?arges, and expensea. inc~uding ~wyer's ~ess and tit~e
searc{~es. rPasona6ly incurrec~ or pait~ by f~e mortgngee because of t~?e ~ai~ure o~ f~e mortgagor to prompt~y
anc~ ~u~~y comp~y u~ilti f~e npreements, stipu~nffons, conditions and covenanis of said note and tht~ mortgage.
or eitti~r: 1o pPr~orm, ~omply with and a6ide 6y each nnd every the agreements, slipulntions, conditioru and
coi~ennnl~ set Jorth in said note nnd tl~is mortgage or either. In !?~e euent tl~e mortgngor ~ails to pay w1~en
t/ue any tax, assessmenl, insurance premium or otf~er sum of mon~y payn6le 6y virtue o) snid note and this
• mortgage. or either. !he morfgngee mny pay !he same, witkouf tuaiving or a~Jecting lke option to ~orec~ose
or any ot{~er ric~f~t {~ereunder, and alI s~ich payments shall bear interest ~rom dnte tl~ereo~ at the f~igl~est ~nu~-
(ul rate t{~en a~~owec~ by the ~aws o) the ~fate o~ Florida.
' ~L any sum o~ money herein refenec~ to be not prompt~y pnid within fifteen ~ays next a~ter
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fhe same f~ecomes clue, or if eac{~ and enery t{?e agreements, stipu~ations. condilions and covennnla o) said
note and this morfgoge, or eitF~er, are not ~ully per/ormed, complied wit~e ~ond a6ided by, tleen l~te entire
sum mentioned in aaid note, and ti?is mortgage, or the entire halance unpaid tkeraon, sF~a~~ ~orthwith or
1{~erea(ter, at tf~e option o( the mortgag~e. 6ecome and 6e d~ie and pa~+a6le, anytl~ing in said note or he?ein
to the conirary notwif{~standing. Fai~ure hy t{~e mortgagee to exercise nny o~ the rig~fs or option~ herein
proi~icled stia~~ no! conslifufe n u~ai~~er o~ any rig~ts or opfions un~Ier saic~ notp or f~is rnortgnge accrued or
t~erea jter ac~ruing.
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~ ~n ~itness ~hereof~ the said mortgagor {~as F~preunto signecl and sealed these presenls t{~e
~ c~ay an~ ypar ~irst a~one u~riften.
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~ Sign d sPalecl a??d dp[~ re in t~e presence of :
~ i~/' / ~ ~7~~10/l.
' - ---.1 1 ' J " - ~
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~ s M. Co r n
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Frances E. Cothron
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~ STATE OF FLORIDA, ~
~ COUNTY OF SI~. I.jICIE
~ I HEREBY CBRTIFY that on thif day, be[orc me, an
~ officer u'uly authorized in the Stat~ aforcsaid and in the County aforciaid to tak~ :cknowkdt;menb~ personalty appeared
JAMES M. COTHRON and FRANCES E. COTHRON, his wife,
to m~• known to br the persong deuribed in and who executed the (oregoinR instrument and thgy acknowkdRed
beforc me ~h~e they ~xccuted the same. ;
WITtiESS my hand and official stal in the County and Statc last a(orruid t}iia .Yi:~' d~Y ~
.,,-.r:I~
.l ~ . 'ti. :"r = .
January A. D. 1990
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aooK fi74 p~6f 29~4 ~ ~
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