HomeMy WebLinkAbout0562 ~d shall pe.(o?m, comply wttk ond ab~de by ~1~ ~d ei~ery the agreeme~ls. adpulattona, oond~tto~u and
covennnts thereof. and oj this mo?tgnee, tF?en this mortgags and ths estate 6.r+eby cTeated, s1~aU cew~. da
lermine ond be null and ~wid.
~ t{se ?nortgagor hewby jurther couenanta w~d a9rees to ~y p.omPely ~hen dw tk. ~ct~l o.~d
inleresf and othe~ sums o~ money prouidec~ ~or in aaid nole and this mortgage. or e~ther: fo pay nu and
s~ngu[ar the tnxes, assessment~, Ie~iea, 1~o6~l~ttes, obligatio?ea, and encum6~+ancea oj every natun on aatd pro-
perty: to pe?mil, commit or su~~er no wasfe, impainnent or deterioration o~ aaid iand or the impronentenb
f{~ereon af any lime: to leeep Ihe 6uildings now or hereajter on satd land ju~~y iruured in a aum oJ not lest
~han Three Thousand Five Hundred and no/100 Dollars
i~ a company or companies a~Piable !o ihe mortgagee. Ihe policp o~ polictes eo be heid by, and payab~e
to, suid rnortpaaee, and in 1he event any sum o/ money 6ecomes ~ya6ls 6y ntrt~ oj such iruurance t1~e
mort9agee shall hnve !he right to receive and apply !he same to the dnde6tedness here6y aecuroel, aceounting
to f~e morfga{~or for any surp~i~.s: to pny a~~ costs, charges, nnd expenses. incjudtng ~awyera jees antl tit~e
searches, reasona6ly incuned or paid by ihe mortgagee because oj the ~ailure oj the mortgogor to prompt~r
ond JuIIy comply witti ftie agreements, sttpu~tions, conditio?u and covenants oJ tatd nole and this ntortgage.
o~ eiftier; !o per~orm, c~omply wit6 and a6ide 6y each and every t~e agr+eemenfa. stipu~ations, condtKoni nnd
cooenanis se! (ort6 in said note and ihis mortgnge o~ eitl~e~. In the enent the mortgngor ~aib to pay u~hen
clue any fax, assessment, insurance premium or otker sum of money paya6le 6y ntrfue o~ sa~ not~ and t~is
mortgage. or eilher. Ihe rnorlgagee may pay t/~e same, without waiuing or a(lecting f~e option fo ~orecjose
or any olher rig61 F~ereunder, and all such payments shall bear interest jrom date lhereoj at the ltighes! ~aw-
~ul rate lhen allowed by the laws oj the Staie oj Flo~da. "
~l any sum oj money herein re(errec~ to be not prompf~y paid within 10 daps next alt~r
thc same 6ecomes due, or ~j each and every fhe ngreemenfs, atipulattons, condilions and oouenanb oj said
note and this morlgage, or either, are not ~ully perf
ormed, c~omplied with and ab~d~d by, thtn tlte entire
sum mentioned in said noEe. and Il~is mortgage, or the entir~ balanee unpaid the~+eon, skaU forthu~ilh or
t/~ereofter, at f~e opfion o( f~e mo?tgagee, 6ecome ~d be d~ ~d ~ya6l~, anrthing in said note or heretn
to t~e contrary notu~ithstancring. Fai~ure by t{~e mortgagee to exenciae any o~ the rtg~b or opHona ~er+ein
pronic~ecl s~a~~ not constilute a waiver oJ any rig~ta or options under said note or lhis morlgage accrued or
therea f !er accrtting.
~n ~~~1~ the snid mortgagor I~as hereunto signed and sealed these preaenb the
c~ay ar~~ year jirsl aboue wriffen.
$ig ea~ and delii•ered in f{~e presence o~: ~ ~ )
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~ STATE OF FLORIDA~
courrrtir oF Saint Lucie ~
I HEREBY CERTIFY that on t6is day. betore me, an
ofticer duly authorized in the State aforesaid and in the County afomaid to take acknowledgments, per~onally appeared
f
William E. Pedlowe, Sr. and Anne I. Pedlowe
to me known to b~r the penoaS described in and who executed the fongoing instrument and they acknowkd6ed s
befor~ me that they ezccuted the same.
WITNESS my hand and official seai in the County and State last aforesaid thu 23rd day ot
~ February A. D. 1966
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