HomeMy WebLinkAbout1968 and shall perJorm, comply wilh und abide 6y each and enery • the agreement~, stipulations, conditions and
conenanls ~hereo), and o~ thts mortgage, then this mo~t9age and th• estate here6y cnated, ahall c~ease, de-
te?mine nnd 6e nul! nnd i~old.
~!he- mortgagor hen~6y (urthe~ covenanls and agrees to pay promptly when due the principal and
interest and other sums of money prooided ~or in said ~ote and thts mortgage, or eifher: to pny all and
singula~ the taxes, assessments, leuies, lia6ilities, o6ligations, and encum6rances of every nature on saicl pro-
perly; fo permil, commil or su~~e~ no waste, impairment or deterioratton o~ said ~uncl o~ the improvements
thereon at any lime: to keep the 6uildings now or hereajter on said land f ully tnsured in a sum oE not less
~~,an ~8800.00 in fire and win3storm insurance
in a company or companies acceptab~e to t~e morfgagee, f~e po~icy o~ po~icies !0 6e held by, and ~ya6l~
fo, saic~ mortgagee, nnc~ in ttie event any sum o~ money beoomes paya6le by vi~tue oj suc~ Irtstunnce !~e ~
mortgagee shall have the right to receive and apply tF~e same to the inde6tedness I~ere6y aecured, ac~counting
to ttie morfgnpor (or any surp~us: fo pay a~~ cosfs, charges, ane~ exper~,tes, inc~tuling ~awyer
a~ees and tlt~e !
searrhes, ~easonably incurred or paid by the morfgagee 6ecause o( tl~e /atlure of the mortgagor to promptly !
anc~ f u~~y rnmply with !he agreemenls, sfipu~ations, c~onclitions anc~ eovenanfs ol saic~ nofe nnd ttits mo?tgage, y
or eitl?er: to perform, comply u~ith and abide 6y eacl~ and every the ag?eements, stipulnNons, condilions and ~
covenants set jorth in said note and lhis mortgage or either. In the event tl?e mortgagor (aila to pay when
due any tax, assessment, insurance premiam or ol~er sum oJ money paya6le 6y ~irtue o/ satd note and this
mortgage, or eifher. I~e morfgagee may pay t{?e same, without waiving o~ aJlecting the option to forec~ose ~
or any other rigl~t hereunder, and all such payments shall 6ear ~nterest ~rom date the~o/ at tl~e highest law ~
(ul rnte thpn allowed 6y thp laws o( the Stnte o) Florida. ~
~
~l any sum o~ money hprein re(erred to be not prompf~y paicj ~uithin tt+7+ttt daya next a~ter ~
the snme 6ecomes due, or i j eucl~ and every the ag?eements, slipulations, eonditions and couenanls o~ said s
note and this morlgage, or either, are not jully perJormed, complied witl~ and a6~ded 6y, tken the e~tire ~
sum mentioned in said note, and t~is mortgage, or the entir~e 6alnnce unpaid Ihereon, shall jorlhwitl~ or ~
therea)ter, at ihe oplion of the mortgagee. 6ecome and 6e due and paya6le, anything in said note or he?ein ~
to the confrary notwit{istanding. Failure by tl~e mortgagee to exercise any o~ the rig~ts or options ~erein
provic~ecl s{~a~~ not consfifute n waivpr o~ nny righls or opfions under saic~ note or this morfgnge acerued or ~
f~erea~fer accruing.
~ ttie sai~ mortgagor has hereunto iignetj ant~ sea~ t~ese presenls fke ~
~n ~itness ~hereof ~
~ay an~ year Jirst n6o~e u~ritten. ~
3
Signea, sealed and deli~~ered in the presence o): +
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- :.~r re . ~rown ~
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STATE OF FLORIDA~ ~
courrrtt oF S t. Luc ie ~
I HEREBY CERTIFY that on this day, before me, an
officer duly authorued in the State aforcsaid and in the County a(oresaid to tak~ acknowledgments~ petsonally appeared '
Johnnie 3rown and ;•:argaret A. 3rown, his wife
to me known to be the person S desuibed in and who rxccuted the (oregoing instrument and WC10 acknowkdged
before me that they executed the tame.
WITNESS my hand and official seal in thc County and State last atoresaid this 2$tt'1 day o(
7une A. D. 19 0 6
:
• - ---•••lY~l,~r.lt~._..._...-•-•--•--••-
FILED AND ftECORDED nwwti? ~c. saw o~ ~d. at ~a~e
ST. LUCIE COUNTY. FIA. My ComrtMssion Expir~s Atta. 6, i~~
RECORO RIFIE ~^d~ ~Y American Surety Co. of N. Y. •
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