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HomeMy WebLinkAbout0748PACE 48 ST, LUCIE COUNTI'. F~A, and shall perform, comply with and abide by each an every flu agreentenfs, stipulations, conditions and covenants thereof. and of this mortgage. !hen this mortgage and the estate herby e~safed, shall cease, de- termine and be null and void. the mortgagor hereby further rnvennnb and agrees fa pay promptly when due Ilte principal and interest and other sotto of money provided for in said note and this mortgage. or either; !o pry all and singular the !axes, assessments, !sates, liabilities, oblignftons. and encumbrances of every nature on said pro- perty: to permit, commit or suffer no waste, impairment or deterioration of snid land or the improvement thereon at any time; to beep the buildings now or Itereaf ter on said land fully insured in n sum of not less than NINETEEN THOUSAICD ~ 00/loo •tOLIARS in a company or companies neeeptable to the mortgagee, the policy or poltcte~ fo be held by, and payable to, said mortgagee. and to the event any sum of money becomes payable 6y utrtue of such insurance the mortgagee shall haue the right to receive and apply the tame to the indebtedness hereby secured, accounting fo the mortgagor for any surplus; to pay all costs. charges, and experues, including lawyer i fees and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly and fully rnmply with- the agreement, stipulations, conditioru and covenants of snid note and this mortgage, or either: to perform, comply with and abide by each and every the agreements. stipulations, eondttions and covenants se! forth in said note and tht mortgage or either. /n the event the mortgagor jni4 to pay when due any tax, as:easment, insurance premium or other sum of money payable 6y virtue of said note and this mortgage, or either, the mortgagee may pay the same, without waiving or of f ec/tng the option to foreclose or shy other right hereunder, and all such payments shall bear interest from date thereof nl the highest (aw- ful rate then allowed by the laws of the State of Florida. 7l any sum of money herein releRed to 6e not promptly paid withtrithirty days next niter the same becomes due, or if each and every the agreements. stipulationu, rnnditfons and covenant of said note and fht mortgage, or either, are not fully perfon~nsd. 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 thereafter, of the option of the mortgagee, become and be due and payable, anything in said note or harem to the contrary notwithstanding. Failure by the mortgagee to exercise any of the right or options herein provided shall not constitute a waiver of any rights or optioru under raid note or tht mortgage accrued or thereafter accruing. ~Q ~1k1`~ ~~ls the said m dry and year Jint above u+rttten. Sign sealed and de ' red in the pre~~se~~nc~~e__oJ: t lA~l.(7aM/ ' ortgagor has hereunto signed and sealed these presents the STATE OF FLORIDA, CouNTY OF ST. LUCIE i HEREBY CERTIFY that on this day, before me. an dficer duly authorized in the State aforeuid sad in the County aforcnid to take acknowkdaments, pcrsooally appeared Roland i~. Vaillat~t and Rita M. Vaillant, his wife . ~:~ .-` A'i .-~ J to me known to be the person 3 described in and who executed the foreaoins iostruma.t and thAy acknowkdsed before me that exeasted the same. WITNESS my band and dficial seal io the County and State last aforesaid this 23rd dar d Tfecembar A. D. 19 61 ~. ..t.,,rr•.. • •,~. f~ ~). ..fit ,; -R ~'3.,• % t?, L- ` ... .. • t.. i~ - r,~'3 ~~L.~. . ,~'' - •..;: ~' i ~rt~ORtr~". . n:~-'. .. ' C~?..~c.~.~e.. '~1~16 ......---_ .._.._....... . Notary Public, State of~F'~;ya17 ~" Via: My Co:-tm~ssioo Expi Bonded t~( American Sucety Co. of N, FY,ED ANO AECOROED ~-~A~B60K 1961 OEx 26 PM ~ 38 iTl NlIE COI~IN-T, flOR~IIA pP~ - , i t~~3:_ ~. •c ~.: '~ t ;t,. • ,~:'~-