HomeMy WebLinkAbout1680
,.
59 rMt2'TI
..
-"'...:....... -~-..-.-"-"""""..::!-'''-~'''-'''''''.
I
_.._ _._.-'_.. -..~-~~,._....o.;~......._.l.j.~...._'_
'-1,
..._....___ .....J ~ . ..'~..
O. R.
Bn~l
ST. LUCI[ C2UNTY. rlA.'
oDligati~ns, and encumbrances of every nature on said prG~erty;
to permit, commit or suffer no waste, impairment or deterioration
of said eland or the improvements thereon at any time; to keep the
buildings now or hereafter on said land fully i.nsured in a sllm
of not leas than THIRTY TWO THOUSAND FIVE ~ED AND NO/100
($32,500.00) DOLLARS in a company or companies acceptable to the
mortgagee, the po~icy or policies to be held by, and payable to
said mortgagee, and in the event any sum of mo~ey becomes payable
, .
by virtue of such insurance the mortgagee s~all have the right to
receive ~nd apply the same to the indebtedness hereby secured, ac-
counting to the mortgagors for any surplus; to pay all costs,
charges, end expenses, including lawyer's fees and title searches,
reasonably incurred or paid by the mortgagee because of the fail-
ure of the mortgagvrs to promptly and fully comply with the agree-
ments, stipulations, conditions 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 coven-
I ants set forth in said note and this mortgage or either. In the
event the mortgagors fail to pay when due any tax, assessment,
insurance premium or other sum of money payable by virtue of said
note and this mortgage, or either, the mortgagee may pay the same,
without waiving or affecting the option to foreclose or any other
right hereunder, and all such payments shall bear interest from
date thereof at the highest lawful rate then allowed by the laws
of the State of Florida.
IF any sum of money herein referred to be not promptly paid
within thirty days next after the same becomes due, or if each
I
and every the agreements. stipulations, conditions and covenants
of said ,ote and this mortgage, or either, are not fully performed
complied with and abided by, then the entire SQ~ mentioned in said
note, and this mortgage, or the entire balance unpaid thereon, sha 1
forthwith or thereafter, at the option of the mortgagee, become
and be due and payble, anything in said note or herein to the con-I
trary notwithstanding. Failure by the mortgagee to exercise any
CHARLES E. BECHT
GEORGE B. BARRS
ATTOII.HIYI AT lAW
ST. LUClI COOIITY II.AHK IlOG.
~T Pilla, fU>>IDA