HomeMy WebLinkAbout2422 a~d shal! ~~orm, comply with und a6ide by eacl~ and euery Ihe agreements, sttpulutions, conditions and
rnuenants tl~ereo), and o) thts mo?tgage. Ihen thts mortgage and the estale Rere6y created, shall cease, de-
terniine and bv null and void.
~ tl~e mortgagor here6y jurtl~er couenanls nnc~ agreet to pay promptly w{~en due fhe principul nnd '
interest cnd other sums oE money provided /or in suid note and this mortgage, o~ eitl~er: to pay all and
singu~nr the laxes, assessmenls. ~evies, ~Iabi~ities, ob~igafions, and encumbrunces of euery natura on snic~ pro-
perly; to permif. commit or su11e~ no waste, impairment o~ c~eterioration o~ snic~ land or the improvemenis
thenwn at any time: to keep tl~e 6uildings now or hereo/ter on said land Jully insured in a sum oJ not less
Ihan MAXIMUM INSURABLE VALUE-------~--------------------------------
in a company o~ companiea nccc+ptn6le to the mortgagee, 1ke poltcy o~ policies to 6e {~eld 6y, and ~xiyabl~
to, said morlgagee, and in the eveni any sum o/ money 6eeomes Poya6le 6y vi~fue o/ sucl~ insu?ance tl~e
mortgagee shall have tl~e ~ight to receive and apply the same to tl?e inde6tedness hereby secured, acrounting ~
to f~e mortgagor ~o~ any surp~us; to ~x,y all ~osts, charges, und expenses, incluc~ing ~awyer~s lees ancj fitle
. searchea, reasonu6ly incu?red or paid by the mortgagee 6ecause of !he /ailure o) Il~e mo~tgago~ to promptly
anc~ ju~~y comply with t~e agreements, stipu~afions, conditions anc~ covenants o/ said note and this mortgage, ~
o~ eiiher: lo perjorm, rnmply witl~ and a6ide by each nnd every the ngreemenis, stipulations, condltions and
covennnts set f
orth in snid note nnd ehu mo?tgage or either. ln tF~e event the mortgagor /ails to pay when '
c~ue nny tax, assessrrient, insurance premium or oiher sum o~ money payu6le 6y virtue o~ saic~ note nnd fhis
mortgnge, or either, fke morlgagee may pay the same, wilhouf u~niving or nj~ecfing !he option to (orec~ose
or anq olher rigl~t hereunder, nnd all sucl~ payments shnll bear interest (rom date thereof at the higl~est Iuw-
/ul rate lhen allowed 6y the Iaws o~ the Sta1e oI Florida.
~l nny sum o~ money herein referre~ to be not pro:nptly paid wilkin THIRTY days next nJter
t1~e same 6ec~omes due, or i( each nnd euery the agreements, slipulations, conditions and couennnts o( said
note ~d rh~ mortgage, or either, ore not jul[y perjormed, rnmplied wilh and abided 6y, il~en the enlire ~
sum menfioned in said note, and this mo?lgafle, or lhe entire 6nlance unpaid thereon, shall /ortlw~ilh or
lheren(ter, at the option oJ the mortgagee. 6ecome and 6e d«e a.?d ~ya6l~, anything in suid note or herein
!o tl~e contrarq notwithstnnding. Failure 6y ihe mortgngee to exercise any o/ the rigl~ts or options herein
pmvided shaU not constitute a waiver of any rights or optioru under said nofe or lhis morlgags accrued or '
the?enjter accruing.
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~ (CORPORATE ~n fhe mortgngor {~as caused these presents to
r' - t.N SEAL) be execufed in ifs name, an~ its corporate sea~ to /~e ~ereunto af~ixed, by its
proper o~~icers thereunto duly authorizecl, the day antl year first abo~e w?itten.
A-I-TEST: - C . L . A . G . . INC .
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G. B. Walters Secrctary
Si , ealed nd deliuered in Ilie presence o(:
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FILE ND RECOROEO
S?. IUCIE COUNTY. FLA.
RECORD VERIFIED '
, 'b6 O~t 14 PM 2: 51
~ Q~ Florida 1492Z4
~1r~~ 0` St. Lucie ~~4~~i? ;-O~TF:~S
1 HEREBY CERTIFY Ja~ m d~:, dar. 6.J~ ~ oJJ~. d„Ir ~e6o~xd dK Se~ ~~d' ~~~4~~~~ ~~~d9-
v..~nl~d~~
LEROY DURHAM and G. B. WALTERS
• n~rll bwum eo me 10 6e 11~e Pnsidrnl ared Seeretary nrspeclioelr o/ tl~e c~?pwoGor? namrd as ~
morlgogor in l~?t ~wegoing inslrumenl. ar~ I~at Ihry x~rro~~y ac~rnouaedged eaeculing ltie same. in Itie prtxnn o~ luw su6toi6irg u~ilnessrs.
i ~ne~~ ond vo~wUari~r un~r nul~orily du~y rrsled in l~em 6y said ca~poralion ond ttial lhe sea~ a(~iied ttienlo is ltie Inr c~orpwdt sw~ o~
~d ro.~~.
Wfl'NFSS mr I~and ond oJJiciol saol in du Countr ord $ta~e last aJonsaid ~his day o/ October
a. n. ~0 66.
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N ARY PUBLIC - State F orida
c' ~ . ~ at Large -
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~ BOOK157 PACE ~1
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