HomeMy WebLinkAbout0737~o~K 2 1~8
~ ST, ! UCIE COUNTY, FLA.
Mind shall pert or»t, comply with _and. abide by each and every the agreements, sfipulnliona, conditionu and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de-
termine and 6e null' and twirl.
" the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and oilier sums of money provided for in said note and this mortgage, or eith~c; !~ ,:_; ^~~ ~^a
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty: to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time: to peep the buildings now or hereafter on said land fully insured in a sum of not less
than full insurable value
in a company or companies acceptable to the mortgagee, the policy or policies to be held by, and payable
-n, •eti.J rrenrt~;~e~pr, Daft in the event any sum of money becomes payable 6y- virtue of such insurance the
mortgagee shall have the righf to receive and apply the same to lire indeuie.airaa ar:e:;y •=a:.~r~:i. i;i ~~us:E€ ;;
to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
~ i l ~ • 1 1 .. - -.. Lcc~.,.~ nl th• (oi~urP of the mortgagor fo promptly
sear( ilea. rea..UilLL i) y till illitl i%T 'IiilU i)~ tl;e II,i/1 ig 4i%~..
and fully comply uiith the agreements, stipulntioru, conditionu and covenants of said note and this mortgage,
or either; to perform. comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage o- either. In the event the mortgagor (ails to pay when
due any tax, assessment, instunnce premium or other sum of money payable 6y virtue of said note and this
mortgage, or either, the mortgagee may pay the acme, without ioaiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest Inw-
f ul rate then allowed by the lawn of the State of Florida.
~` any sum o/ money herein ref erred to 6e not promptly paid within thirty (~) days next after
the same becomes due, or i( each and every the agreements, stipulations. conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
iliaron(ier; ai the option of life nlurtaofiee, become an(i be due and payable, arlyiiiing ifs :aid =fyts o.- he:ei:
to the contrary notwithstanding. Failure by the mortgagee to exercise any o/ the rights or options herein
:.ro:~i:.fcd ;l;all no! constiltstr a ._ai!~er ^f any rights or options tutder said note or ibis mvriwuwe ua.i-.:~d ~.-
fhereo(fer accruing.
~n ~l~t~SS ~~taf, the said mortgagor hw hereunto signed and sealed these presents the
day and year first atone written.
Sig Baled and deliv ! presence o(: ~~
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Lola E. PtF l
STATE OF FLORIDA,
COUNTY OF Indian River
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforeuid and in the County aforeuid to takr acknowkdgmenu, pcnonally appeared
O. F. P[PP[N and LOLA E. P1PP[N, his wife
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to me known to be the person8 dcacribed in and who executed the foregoing irutrument and have acknowkdgcd
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WITNESS my hand and offi:ial xal in the County and State fart aforeuid this ~7 ~" day of
~ January A. D. 19 61.
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Note Public, State of Florida at Large.
91554 ~~MY Commtseton expires:q}, q~
Flt '' Ah(D RECORDED
IP! . ~..~..__-- _-- ----BOOK
19E. ~~i~: I ? P~ I : l.2
f?C~GER POITRAS, CIE~'~ ~,
Si. LuCIE COUNTY, FlOiiI~A~
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