HomeMy WebLinkAbout0009 ~nr~ shall pe~r~orm, rompl~ u~if{~ and a6ir1P 6y F~ac h anrl ~i~f•ry t{~P AQ?PPMPIIIS, SIlPU~Q~COR3. CORdI~IOflS an~
COl~ennnls ~~P~PO~. (IR(~ Of ~~IS mortga4f', f~~Pn ~~IlS mortgaqe~ Q?1(1 ~RP PSIl1~P here6y crPatetl, shQ~~ CPQSB, ~p-
fF*rmi?tP ~n~~ f~P n~~~~ antr ~~oi~~.
I~n~ fhv morfyagor {~~n~hy f urfher <~oi~~nants anc~ agraes b pay promplly when t{ue !he principal and
infc~r~sf anc~ ofhrr sums o~ mon~y pro~~ic~p~l ~or in saic~ note an~ f~is mo?tgage, or either; to pay a~~ and
singular 1{~P IA.CPS. QSSFSSIIIP?I~S, IPri~~s. liabi[ifips, oblic~ations, and eRCUmbrances oJ pvery nature on snid pro-
pPrtv: ~o permil, c-ommit or suJ/~r no waste, impairment or delprioration o) said land or Ihe improvements
th~r~on al any 1imP: to I~~Pp fhe builclings nou~ or herPa~t~r on snid land )u~1y ins~ired in a sum o~ not ~ess
t{~an HIGHE.ST INSURABLE VALIJE
in a ~ompany or companiPS ac~eptah~~ to 1~?e mortgagee, Ihe po~icy or po~icies to be held 6y, ancl pnyn6le
to, sai~ moriqnc~Pr, anc~ in the ei~pnt any sum oj money ~ecomes Payab[~ by uirtue o~ suc~ insurance the
morlgag~e sf?alI hnre t{~P rig{~t to receive and apply the same to tf~e indebtedness {~ereby secured, nccounling
to the mo~tqa~or (ar an~ silrp~us; to pay a~l cos~s, charges, ancl expenses, inc~uding ~awyer's ~ees nncl tit~e
sP~rch~s. rPasonnti~y incurre~ or paid ~y !~e mortgagee ~ecause o~ !{~e ~ai~ure o( Ihe mortgngor to prompt~y
anc~ j~~~~V comp~y u~il/~ l~~P apreements, sfipulations, cortditions anc~ covennnts of said nate and t~is mortgage.
or Pif{~c>r; lo pPr~orm, i•omp~y u~it{? and ahir~e 6y each and euery t~e agreements, stipulnlions, condilions nnd
~at~enanfs sel ~orfti in said note anc~ f~is mortgnge or eitf?er. /n fhe event t{?e mortgagor (ni~s to pay io{~en
due any tax, assPSSmenl. insurnnce p~emium or ot~ier sum oJ mon~y paya6le 6y virfue of snid note and t/~is
morfgage. or rilher, tI~F• morfgagee may pay the same, withouf ~~niuing or a~~ecting the option to jorec~ose
or any other righl ?IP~PUnr{~r, ant~ al~ stich paymen~s shn~~ bear interest (rom date t~ereo~ at Itie h~ghps~ law-
(u~ rate t{~~n al~owetl hy fhe ~au~s o~ fhP Sfnte of r-lori~a.
D` any s~im o~ money herein re~Prre~ fo tie not prompt~y pnicl euithin ~IR~ ~3~~{ay~ nexl a(!er
tl~~ same bP~-om~s due, or ij each and e~~ery t{~e ngr~emenfs. stipulations, conditions ond co~enanls o/ said
note and this mortyagp. or eitl~er, are not )ully perjormed. complied wif{~ •and abided by, t1~en tl?e entire
sum mentionec~ in said note, and lhis mortgage. or tl~e enfire 6alance unpaid t{~ereon, sI~aII ~ortf~with or
thereajter, at op4ion o{ !{~e mortgag~e, become anc~ be d~ie and pnyab~e, anyt{eing in saic~ note or ~erein
to t~e confrary notwit{~standing. Failure hy t~e morfgaqee to exercise ony o~ Ihe rsp~fs o? options herein
i
E pro~~i~ec~ sholl not constilnte a iaainer o~ any rip~ts or options un~er aai~ note or this ?norigage accrued or
~ therea~fer accruing.
I
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E ~n ~~tn~s ~h~QO ~ !he said morlgagor has ~~erpiinto signed ond sPaled these presents the
I c~ay an~ year ~irsf ahore u+?iflPn.
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' Sign~~. SPpl4d and li~~ered in tF?e presence of:
i ~ QUAIL HOMES, INC. , a Florid,~,.. ~
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corporation
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' BY' ...,.a~a~~~-f-"""II
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GARY J . STE~ ~ . ' . ' " -
President - ; . -
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STATE OF FLORIDA, ~
COUNTY OF St . LllC12
I NEREBY CERTIFY that on thi~ day, betore me, an
a((icer duly authorized in the Stat~ afor~said and in the County a(oresaid to takr acknowled,qments, prnonally appeared
GARY J.STEELE, President, of QUt~IL H4MES,INC., a Florida corparation,
to mr known to bc th~ person deuribed in and who earcntcd the (or~goioq instrument and he acknowltdgcd
beforc me that he exccuted the same.
~ WITNESS my hand and officia! sea! in the County and State last aforesaid this ~ day oi
January A• D• 19 9~. • '
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~ Y~ L ~ -~~STATE F RI
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I) OFFiCIAI SEAI
-<;~70,~iY AUCE J Yl~tCES
Notary PuU6c Sute ot Flor~da ~
( Mr Commissron E¦p:res
July lU._139~1
! ~oDK 675 ~?~E 009
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