HomeMy WebLinkAbout1425 ~ ~ reements sli u~ntions conditiont a~
( and sha11 perjonn, cnmply wllh and a6ide by each a~d e~ ery the ag . p .
~ cb~?enanls lleereoj, and of this mortga9e, tl~en ti?is mwtgage and ths e~tate I~~re6y cnated, shall c~ease, d~-
lermine and 6e null and ~wid.
7U11~ Ihe morlgagor hewby f urtlter covenants and agrees to pay promptly when dw the p~incipnl and
inie~rst and other sums oj money prouic~ec~ jor in anie~ ~ote aad t~b mo~fgage. or elther; fo pay a~~ and
si~pu~ar the taxes, assessments, ~evies, Ita6l~illes. ob~lgafions. ancj encumbro~ces o~ every nafura on saic~ pro-
perty: fo permtf, commi! or su~~er no wasfe, impai?menf or deteriaafion o~ satd [w~d or the lmprouen~enfs
thereon at any time: to keep the bui[di~gs now or herea(te~ on said land j~.llr ~.~u.+~l 1,~ a sum oj not less
tl~an FOUr ThOU8and DoII8t8
in a company or rnmpnnies acceptab~e to t~e mortgagee. f1~e po~icy or po~icIea to 6e held 6y, and payoble
to, said mo?tgagee, an~ in the ec*enf any su~n o~ money becbmes ~ya6le by vi~fue oj auch inaurance t~e
mortgagee shall 1~nue the riglet fo rECeic~e and apply tha same to !ke inde6tedness I~eroby secured, aceounting
to t1~e morlgapor ~or any surp~us: to ~xiy al! cosfs. cka?ges, nnd expeeues, inc~uc~ing ~awyeri fees unc~ t~lle ~
searches. reosonably inc~ur~ed or paid by the mwtgagee 6ecawe o( tl~e jat[ure oj tl~e mortgagor to promptly j
~ and ~ul~y comp~y wit~ t1~e ngreemeRts, stipulalioru, rnndilions and covenants oj satd note and th~Is mortga~e. ?
or eilher; to perjorm, comply with and abide 6y encl~ and every i~e agreements, slipu[atlons, c~ond+fioru and
conenants se! jorth in said nole and this mortgage or either. ln Ihe event the mortgagar f
ails to puy when
due anq tax, assessment. insw~ance premium or ot~er sum oJ money pnyable by ut~lue of snid nole anc~ f~is
mortgage, or eit~ier. t/~e mortgagee mny pay ~he same, tvtt~out wniving or n~f
ecting Ihe optior~ to f
oreclose
w any other rigl~t hereunder, and all such paymenta shnU bear intereat ~rom date iher+eoE at the 14ig6est law-
(ul rate then Qitowed by lhe Iaws of tbe Slate oJ Flortda. ~
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7! any sum o~ money /~erein r~e(eme~d ro be not promplly paid within 15 days next af ter
I t~e same becomes clue, or if each nnd e~ery the agreementa, sltpulafiona. eonrlitions ane~ couenants o~ said
note and this mortga9e, or either, are not jully performed, complisd with and a6ided 6y, then the entire {
sum ment~oned in suid note, and ll~is morlgage, or the entire balanc~e unpwd the~eon, shnll Jathwitl~ or
therea(ler, at the option o/ the mortgugee, beoome and be due and paya6le, unything in said note w herein
fo the contrary notwit~sfanding. Failure by rFg morfgngee to exe~+cise any of t~e rig~ts or options herein
proviclec~ s~al~ not constifufe a waiver of any righls or options unde~ said note o? this ~nortgage accrued or
thereajter acc?uin~.
~n ~~~1~ the said mo~tgagor hns hereunto signed and sealed [hese presen[s the
c~ay uncl yenr Jirst above wrilten,
Signed, sealed and [ivered in he presence o(:
a~~
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__~__~P~~.._x~_.___~~~______________ . . _.,.___.r~.____
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,
STATE OF FLORIDA, ~
couV~rv oF ST. LUCIE
I HEREBY CERTIFY that on this day~ before me. an
ofticer duly authorized in the State aforesaid and in the County afomsaid to tak~ ackaowledgments~ pcrsonally appeared
~ ! JOE M. RAY and VIRGIIIIA G. RAY, His Wife
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~ to me known to be the person g described in and who executed the forc~qoing instrument and they acknowkdged
E ~ be(ore me that they exccuted the same, ~
f ~i WI?NESS my hand and of[icial seal in the County and State last atoresaid this day o[
~ i September A. D. 19 66.
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:
Notary ic, State of Flo~ida at Large
FtLEO ANQ REEi~Rp ~J My comm ssion expires: ~9/6~
~F, LU~I C~ E~~~ /
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