HomeMy WebLinkAbout0203 and sholl per~orm, ~omp~y will~ and abide by each and enery I~e ogreements. sfipu~ntlona. conditiona and
c~oi~enanta Il~ereo/, and oJ Ihis mortgape, then 16is mortpafle Q~d ~he e~tate I~ereby crnated. ~hall cease, de-
l~~mtne anc~ ~e null and ~wld.
~ fhe morlpa~or hercby ~wther rn~?enonts and agrees to puy promptly wl?en due the p?inctpn! and
inierest and ol~~er sums of money provtc~ed Jo~ in satd note and ttiis mortgage. or eiihe~; to pay a~~ und
sinflular fhe ta.res, assessments,.~evies, liafil~ifies, o6~igafions, nnd encumbrances o~ enery nature on satd pro-
perty; to permit. commit or suf~er no wasle. impnirmenf o~ deierioralion a; satd [and 'or t~e improvements
Ihereon at any ~ime: to ~pPP thP~~lJTI~t11(JS IIOW Ot 11PIPQfIP~ O?1 ~Oi(I IAII~ Iuily ~nsured tn a sum o/ not ~ess
than Lighteen Thousand and 66/100----_-__ _~liar~
in a rnmpany or companies accepfab~e fo Ihe mortgagee, Ihe po~icy o~ po~lcies to lie~hetd 6y, and paya je
to, sai~ mortga~ee, anc~ in fhe ei~ent a~y sum o~ money becomes paya6!e by virtue o~ aucti insurance fke
morigagee shaU haue the rtght to receive and apply tl~e sarne Jo ll~e inde6tedness here6y secured, aceou~ting
to the morfga~or jor any sarplies: to pay a~~ costs, charges, onc~ exF?ensps, inc~ur~ing ~nwyer
s Jees and til~e
searehes, r~asona6~y ~?~~~~,~,ed o~ pa~d 6y the morfga~ee 6ecause o~ 1{~e ~ai~ure of !he morfgapo~ to prompt~y
~ an~ Ju~~y comp~y with Ihe ag~eemenls, sltpu~afions, concritions ond covenants oJ said nofe and thls mo~tgage,
or eif6e~; fo per~orm, comply u•ifl~ and a6ide by each and every the agreemenls, alipu~aftons, condtfions and
covenanls set Jo~th in'said note and this mortgage or either. ln Ihe e~ent ll~e mortgagor fnils to pny w~ien
clue any tar, assessmer?f, insurance premium or of~er sum of money paya~~e by virtue o~ satcl nole ane~ this
morfgage, or eifher, l~e morfgagee may pay the same, iuif~ou! waiving or a(~ecting t~ie option to ~orec~ose
or a~y olher rig{~t hereunder, and all such pnyments sl~all bear inlerest ~iom dnte fhereo( at the htgl~est law-
'U~ M~P ~~Ptl pl~0li~~ ~V ~l1N IQWS OJ ~~Ip Sta/p O' Fj0![~Q.
~l any sum oJ money herein re(erre~ fo be not prompl~y paic~ wifhin Z~ daya ~text nffer
the same 6ecomes due, or ij each ancl piTery tF~e agreements. stipulations, conditions and cbvenants o/ sald
~ note and Ihis morfgaqe, or eilher, are not (ully performed, complied with and ab~d~d by, tleen t/~e entire
sum mentioned in said note, and this mortgage, or the e~line balance unpaid Ihereon, s{~all Jorthwith o~
~bereaJter, at the option o/ tf~e nmorfgagee, becorne and be due and pnya6le, anytl~ing in soid note or f~erein
fo !~e contrary notwif{~standing. Failure 6y the morfgagee to exercise any o~ f~e rig~ls or options ~eretn
proi~irlcKl s~a~~ not conslitule a waiver oJ any rig~its or options unc~er saic~ nofe or this mo?tgage accruec~ o~
l~erpajter accruing.
i
~ ~n ~itness ~hereof~ tl~p sai~l morl,yagor has I~erPUnto signec~ and sealecl Iltese presents the
~ cjay anc~ ye~nr ~irst qhove iorilfen.
Signetl, sea~ecr a ~eliaered in fhe pre ence o(: ,
~ ^ .
- . -
h,, Arthur J. tchie
--:~G~~----~,/1----~~;~t~~------...------------- _
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~st c c( c. . - _
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Loretta S. Ritchie ~
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' STATE OF FLORIDA, ~
~ eouY~rv oF ST. LUCIE
I HEREBY CEKTIFY that on this day, before me~ an
, ~ o((icer duly authorized in the Stau aforesaid and in the County aforesaid to tak~ acknowledqmenu, personally appearcd
ARTHUR J. RITCHIE and LORETTA S. RITCHIE, his wife
iF to me known to be the person Sdescribed in and who executed the (orrqoinR instrument and they acknowkdged
jf before me that they ~xecuted the same.
1\'ITNESS my hand and o(ticial seal in the County and State last aforesaid thu day o(
June 66.
A. D.
19
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RILED AND RECOROED - • -
r ~INUN~1ei~ti .
I ST. LUCtE COUNTY. FLA. ~n, ~ ~ ~ ~ ~ `````t`.•~~ ~ ~
RECO?p V~f?IFIED ~r Ce~siN ~ kpt, 23. 196~ . ~ -
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