HomeMy WebLinkAbout1170 and shnjl p~rform, comply with and a5ide 6y each and every the agreements. ltipulattoha, ronditions and
covenants thereo(, and o~ thia mortgage, t{~«n this mortgage and t{~e estate he.~by created, aaal~ cease, de- "
termine and be nu[l and void.
~ the rno. tgogor heri~6y (urther cor~enunts anc~ agree~ to pay promptIy wh~n t~ue the principal and
i?iferest and ot{?Pr sums QJ money proatdec~ ~or in satd note a?ul thia rnorlgags, or etther; to pay a~~ aru~
e:ngular the taxe~, assessmenta, ~UIPS, ~inbi~ities, obligations, anc~ encumbra?ice~ o/ every nature on aaid pro-
perty; to permit, commit or auf~er no waste, impairment or deterioration oj said jand or t{?e i?nprovements
thereon at any time; to Iteep the bui~dings nou~ or herea(ter on saic~ Ianc~ f ully insured in a sum a( not less '
than ;5a,oao.00 ;
in a company ar campanies acceptable to the mortgagee, !he policy or po~icies to b~ held by, and paya6le
to, said mortgagRe, and in t{~e event any sum of money ~ecomee Poya6l~ 6y virtue of auc~ insurance the ;
mortgagee shall have the right to receeue and app~y tF~e same to t{~e indebtedness I~ereby aecured, accounting
to t{~e mortgagor ~or any surplus: to pay all costs, cknrpes, and eacpen~es, inc~uc~ing ~awyer~a ~eea ancl title ~
searcl?es, reasonnbly incurred or paid 6y the mortgagee 6ecatue o( the failure of t~?e mortgagor to promptEy ~
and ~ul~y comply with the agreements, stipu~ations, conditions and covenanl~ oE saicl note aru~ this mortgage. ~
ur either; to per(orm, comply u~i1h and abic~e 6y each anc~ every the agreements, stipulatiorts, conditio?u and
conenants set (orth in saitl note and t~tis mortgage or either. ~n the euent !he mortgagor Jai~s to pay when
due any tax, assessment, insurance nremium or oti?er sum o~ money paya6lP by virtue o( said note and tltis
mortgage, or either, the mortgagee may pay t{?e same, u~it~out u~aiving or af
Eecling !~e option to ~oreclose ~
or any ot{?er rigF?t hereunder, and al~ such payments shal~ 6ear interest (rom date thereo~ at the ~tigl?est ~aw-
. (ul rate then nllowed by the laws o( the State of F~orida. ~
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D~ any sum of money herein rn~erred to bP not prvmpt~y paid wit~in thirty days next aEter ?
tfie same becomes ~ue, or ij each and every the agreemenis, stipu~ations, conditions and covenants o~ said 3
note and this mortgage, or eit{~er, gce not f ully per~ormed, complied with aracl abided by, then the entire ~
sum mentioned in said note, and`this mortgage, or the entire balance unpaid ll~ereon. ahall forthwith o~ ;
thereaf ter, ut the option o(
(the mortgagee, 6ecome and be due ancl payable, anytF~ing in said note or herein '
to the contrary nofwit~stanc~ing. Fai~ure 6y !~e mortgagee to exercise any o` the right~ or options heretn ~
proi~ic~ec~ shaj~ not constitute a wainer ot any rights or options under aaid nole or this mortgage accruec~ ar r
t~eren jter acCruing. ~
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~n ~itness ~Il~l~~t~ the said mortgar~or {eas hereunto signed and sea~ed these presents tl~e ~
c~ay an~ year {irst ahoue written. ~
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( Signed, ealed a d deliver in tf~e pre nce o): ' ~
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' 5TATE OF FLC7RIDA, ~
COU\TY OF $T. LUCIE ~
1 HEREBY CERTIFY that on this day, before me, an ' ~
officer duly authorized in the State afaresaid and in the County aforesaid to take acknowledgmenta, prrsonally appeared
Olie B. McCarty, Single E
to me known to be the person described in and who executed the foregoing instrument and ahg acknowledged
before me that a~18 executed the same.
~ 41'ITNESS my hand and official seal in the County and State last aforesaid this ~~'1 day of ~
~ ABgnat D. ~ ~ 65
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