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HomeMy WebLinkAbout1026b;.iRK 50 PAG~~~l1 and sllnll perform, romplV a>ilh anti abu1~Tf~Y,~s'~~gijt>t:MgAFy~4hA,a4lreemenfs• stipulations, cwu~itions and covenants -hPrPUf, and c+f ibis nwrlgngP; Iheis-this rnortg«ge and 1hP es-nfe ha:eby created, shall cease, de- termine and be null anti void. ~n~ thr mortgagor heroby further covenants anti agrees to pay promptly when due the principal and intert•s! and other sums.of money provide ~ for to said note'and this mortgage, or ettherc to pay all and sinctnlor fhe !axes, assesvnents, let ies. linbilities, obligations, and Pncumbrancas of every nature on said pro- perly: to permit, commit or suf Jer nu toastP, impairment or deterioration of said lard or the improvements thPrron of onv lino,; to peep the buildings Hero or hPrenflPP on avid luntfi (ally insured in a sum of not less than 1~ro thoueandl~C 31x~r+y ~ no/100 - in « comp« ny or compnnies nccepta r P to t tP mortgagee. IhP policy or policies to be held by. ant{ payable to, said mortgagee, curd in the event any sum of money becomes payable 6y virtue of such insurartre the morlgnrteP shall'~a^P the right to rrceive and apply the same to the indebtedness hereby secured, accou•tting to the mort<ta{tor fur an'~surplus; to pay ail costs, chnrges, and expenses, Including lawyers fees and title sean•hes, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to pronptly and fully comply with tIIP agreements, stipulations, conditions and covenants o) said note and Ibis mortgage. or either: to perform. comply tvifh and abide by each and every thc+ agreements, stipulations, conditions and covenants set forth in said note and this mortgage er either. In fhe event the mortgagor fails to pay when due nny tax. assessment, insuroncP premium or other sum of money pc.yable by virtue of sold Hole and this mortgage, or either, Il:e mortgagee may pay the same, without tuaiving or affecting the option to foreclose or anv other right heitTunder, ant{ nil such payments shall 6enr interest from date thereof at IhP highest law- ful rote then nllotuPrl by 1hP Inlvs aJ Ilw State of~I=lorida. ~f nnv sum of money herein referred to 6e not promptly paid within j~ days next of tsr tlu• same becomes due, or if ench and every IIIP ngreemenfs, stipulations, conditions and rorenants of said note .and this mortttafte, or either, are not Jolly perJortn~d, complied with and abided 6y then the entire sum merttforted in said note, acrd Ibis mortgage, or the entire balance unpaid thereon, shall forthwith or thereafter, n. fhe option of the mortgagee, bPCOme and he due and payable, anything in said note or herein fa the conlrnry nolwilhstnnding, Failure by the mortgagee to exercise-any of the rights or vplions herein provided shall not constihrtP a uraiver of any rights or option! under said hole or this mortgage accrued or l{teren1ter accruinrt. ~- ~tl ~lttleSS thereof, !hP said mortgagor has hereunto staved and sealed Ihese presents fhe tiny oral year Jirs1 ahnve u+riflPn. Slg!!(~l, sPnlPd ant ehl~el'Pd In the preaP7lcP of ' - ~ 1~.~~ •. STATE OF FLORIDA, ~ cc~u:~TY OF + ST. LUCIE I }iEREBY CERTIFY that on this day, before me, an officer duly aut horized in the State aforesaid and in the County aforesaid to take acknowledgments, personally apt-xared viii ~A'i'FS MORRISON, ~o~:ted by- her husband, ALEX MORRISON to me known to be the person ~ described in and who executed the foregoing instrument and bhp acknowledged before me that theTexetuua the same. WI"I'NE SS my hand and official seal in the County and State last aforesaid this 2(}},h day of s .~,"'`Nbt!~Ytl~st .• , A. D. 1962• ,., ,....., ' •. n •.' O ~:.-, ~, ' : I I '~ ' ECO DE _... rote ......................... F N•~ D N ry Puhfic, . State of F M ~ '- ' ' •; ~' G . ~;'x lorida at Lnr a y Commissio ICI$. 1 U fi !' U~~K ~I; 9onded bYA I966 r canlti 5 M3 `1 1 . ~ • m i ~~, or , r. ~' Y `' ~=' ~; . .. ' 192 ~OV 2 I Ali ! I : 07 . • RaGER POITRAS, ClE1~K ~ '. _ ~ ~. LUCIE COUNtYt FLO IOA.. • °~ •"~, ST . • \i _ ~. ~ t.. y .` 1. , ~ '