HomeMy WebLinkAbout1057 and shul! per/orm, comply u~ith and abide by ench nnd every tf?e agreementa, stipu6ations, conditio?u and
covenants tRe~eof, and o~ t6~is mortgage, t{?ert t{?is mortgage and the estate herebr crewtecl, sl~aU cease, de-
termine and 6e null and void.
I11N~ fhe mortgagor hen~~y ,urther covenants and ngreea to pay prompt~y u~ken c~ue t~e prtncipa~ nnd
interest and other sums oj money providec~ )or in said note and this mortgage, or eit~rer; to pay alI and
singu~ar t{~e taxes, assessments, levies, Ga6ilities, ob~igations, and ~recuntb?ances o( every nature on ~aicl pro-
perfy; to permit, commit or su~~er no waate, impatrment o~ dete?iomtto~ o~ said land or t{te improvements
thereon at any time; to k~p rhe ~uilt~ings now or herpa)ter on saic~ lanc~ f u~ly insuretl in a sum o( not ~ss
thnn ~6,500.00 in iir• and xindstors inaur8ace
in u company or companies acceptab~e to t~e mortgagee, f{~e po~icy or po~icies to be held 6y, and pnya6le
to, saic~ morfpagee, an~ in the event any sum of mo~iey 6ecomea payable 6y virtue o~ ~uch insurance the
mortgagee shal~ have the right to recei~~e and apply the same !o i{?e inde6te~lness 1?ere6y secured, arcounting
to t~e rnortgagor (or any surplus; to pay all costa, c{?arge~, ancl expenses, inc~uding lawyer~s `ees nncl tit~e
searches, reasona6ly incurretI or paic~ 6y the mortgagee 6ecause o/ the (ailure o~ the mortgagor to promptly
and ~ully comply with t{~e agreements, stipulations, conditions ane{ covenanta o( said note ancl t~is mo~tgage,
or either: to perform, romply with and abide 6y each and every the agree?nents, stipulatians, cn~dittons and
covenants set (orti? in said nate and ti~is morlgage or eit{?er. ~n the event t1~e mortgagor f
ails to pay u~F~en
due any tax, assessment, insurance premium or other sum of mon~y Payabl~ 6y virtue of saitj note anc~ thu
mortgage, or eit~er, the mortgagee may pay t~e same, without waiving or aJjecting tf?e eption to f
orec~oae
or any other right {~ereunder, an~ al~ surh paymenta shall 6ear interest ~rom date thereof at tl~e highest ~aw-
~uI rate then al~owed by the laws of tF~e State a~ Florida.
~l any sum oj money herein referre~ to 6e not promplly paid within i~~}"l+#? days next after
t{ee sanie 6ecomes due, or i( each ancl every the agreements, stipulations, conditions and covenants o/ said
note and this mortgage, or eitl~er, are not /ullv per(ormed, cornplied with and ab~d~l 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire 6a~ance unpaid thereore, s{~all /orthwith or
thereajter, at tF~e option o/ the mortgagee, become and 6e due and payable, anpthing in snid note or i~erein
fo the contrary notwit~standing. Fai~ure 6y the mortgagee to exerci~e any of t1~e rigl~ts or opttons herein
provided shal( nat constitute a waiver of any ri,qhts or options under said note or this mortgage accrued or
t~tereaJtc~r nccruing.
~n ~~lll~s ~hereof~ tf~e sai~ mortgn,qor has hereunto signed and seajed tF~ese presents the
c~ay anc~ year f irst ahoue written.
Signed, eale and de ' red in the presence o(: ~
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STA'T'E OF FLORIDA, ~
COL'NTY O~ St. Lucie
I HEREBY CERTIFY that en thia day, before me, an
officer duly authorized in the State aforesaid and in the County aioresaid to take acknowledgments, peraonally appeartd
John Dorean and Sara~F'. Dorsan, his xita,
to me krown to lx the person $ described in and who eaccuted the foregoing instrument and ti~18J/ ackr,owledged
before me that t~1B~ executed the aame.
~i'ITtiESS my hand and ofticial seal in thc County and 5tate last aforesaid this 20~ day of
July A. D. 19 65.
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INTltR1' PU~IIC, STATf oi FIORIDA ai lAR6E ~
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MY CAMIMIISSION EXPiRES APR. ?7, 1969 ~
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rOMO[Y TMIIOUOM FRiD W. DlifiT[W4Rfi _
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