HomeMy WebLinkAbout2943 anJ pcrform at the !~tur~Kagurs' ow~n cxpenst, such tepairs ,end m.+inirnan.-r is Mortgagc~ may (rom tinx co tinx r~quiir. 1?~ur~~jagee
bring hrrYby ma~k thc .olr iudKr oi thc ncc~uitv ~h~rcfur. Withuut limiting che grnerality of the fortgoing, th~ Mortgagors ~ha11
rauye all such.buildingc tu bc paintrJ nut Iesa uf:cn than unce in rvrry threr-year pc~ioJ.
6. In the rvent the \lortgagocs shall fail to compty with any~ coverunt .ont:+ined in paragcaphs 2, 3. 4 x S hercbf, Mortgagte
may (bu[ shal) hare no e>biigatiwt to) perform such covenant on bch~lf o( ~h~ More~aao~ and the fuU amount oi every paymenc
msJe by Mortgaga ia such conne~cio~ shaU bear ir?cetrst a~ the rate of 10',; per annum from che daa so paid and shall be secund
by :he lien of ~his moregaae. lf Mortgagee shal) petform anr covrnant conca;nrd io pan~raph f, Morcgaae~e may add co such pay-
nxne a fae eyual to 100'ti of such paymenc for Moreg:gre's servira :n ~rraogeng such performance. Mortgagee shali alw l~ave che
opcior~ to effect ftrt and exern~kd coverage insuranse ia ~n :~moune suA'icient from time to time to discharge this nwrtgagr and ehc
note secund 6errby and the 11lorcgag~xs shaU have no i~eerat in such insucance, other ehan clxi~ i~terast ia such dixharge, anJ the
full amoune of every pay~e„c made by Mortgagce fur such inw~ance shalt bcar incenst ac the r:te of t0% Qer annum from the
dacr w paKl and shall be scrund by thc liea of th;s mong~gr. ~
7. That (a) in the cren~ of any brcach of this mort~;a~,-r o~ ~~~y of che cerm~ hercof or defaulc on che parc oi t& I~to~cgagor~,
or (b) in ti?t evcnt any sums of money referra~t to hcrtia be not pruniptl~ anJ tully paid u che ume become due and payibie, or
(r) in the event u( default in the p.tyments under sai~ p[w»iicury nuce; then, +f aay of such defaults shall contiaue for a perw.l
of It? dayY, che principal sum set w~t in said p~omi.wry note then nn~~jninS unpaid, and all nwneys secured hereby. shall br~:anr and
t•r imnxt~i.etcly dur and payabk ac the op~an of :ltortgaget ~?~.~h~~~ ~ou~Y a~„and ~~hKh an hereby expres~ly wa~~~d), a~id thi~
nwrtKage n~ay !x forcclosttii with all righi: and rrnxdirs aRordrd by the lavs oE Florida, in~ludinK the appointment af a rrcrir•rr, if
applicd for by ht~xtgagee. In the ev.nt that Morcgagee sha11 ~kclarc che principal sum set out in siid promisory note then remaio-
in~; unµ~iJ, and all nwneys secureP ubrrby. immediately due xod payable. the Moctgagors shall ~m~,~duc~~r ~y to Mortgz~ec an
amuunt chua! to tlx anwunt at v?•hich this note could then law~fully bt pnpaid plus any other maxys secund hereby.
~lo :fclay by !11o~tgagcr io rarrcising an~ right ur remrdy hcreunder shall opente as a w~aivcr. thercaf oc prrclude the exrrcix
chereo4 Juriog t!u continuin~e of any Jefaulc h~reun.kr. No ~raiver br Mortgagee of anp ~leiault shall constituce a wai~•rr of or
~onxnt co subsryurnt defaulcs.
9. '1'h~s naregage anJ che note xcuced hereby consticute a Florida contraee and shall be constn~ed according to the lawa of tha~
.caie. '1'im .ilorr~;a~~rx hcreby waivc a!) honxstead exemptions grantcd by che Conscicution and La.vs of Florida..
''1'hr cu~enant~ and agrremrnts contained in this taortgage shaU run vith the lared and bind Mortgagors, thr 6ein, }xnonrt
rcpresmtaciti~es, successurs md assigns of Mortgagois tnd all sub~qucnt o~rners, encumbnneers, tenants and subtenants of chr prcm-
ises, and shzll enu~r to the benefit of the Mortgagee, the suecasors and assigns of Mortgagte and all subs~quent holders of chis
mortK~K~•
1N Vi4'ITN~S WHEREUF~ tl~e MortRaRors have executtd this instrumrnt under sral on the day anJ ycar tint aln~c written.
Signed. sakd and delivered C, `
in the p ce of: ' _ _ ~'~t ~~~7'~'Ti`
`y~„~~~i~~.L. ~i~c~? l tl~~~;r •
Hie ~ ) Mark _____{sE~L~
Beasie Cannon
(SEAL)
STA7~'E~OF FLORIDA ~ V'~~ II o~-'f t~ Mark (SEAL
ss.: ~ )
covrn-~r oF St. Lucie 8arry Cannon
' (SEAL)
Before me personally :ppear,ed 8688~e Q~CI[srs now 1m01~ 88 BASai s(`nn~+~_~d heZ
_ husband Harry Cannon
to me ~vell known and know n to me to be tlx individual.~ dacribed in and wbo tucuted t6e foregoing iastrument, aad arknowl-
edgal before mc that- ---th@~-------executtd the same for the potpuse thertin expressed.
t
~
W1TNf,SS m~ lund and o~cul seal this ~t•2'1 cl,y of ...:~~9.f.:.~2-..
- • .ti:
.
N Public, Scau o# #~'l~tida~, ~
M i-'rg~ do8s~ - ~ ~.:i11~,~~~arl~- - _
. . • ommiuioa e:P~,`*. = v ~ - =
~ , , ~ t t , ovember ~7, =~;~T'{. ~ ' . :i _ _
~ . _ .
~ St. ~~~~E _ ~ ~ ~ ~ ~f,. . _
i I i j ~ j ~r, - .
; COUNTY - ~ . ~ i ,f. 1 ~ 1-.-
- ~ ~ ~ . ~ , j~~~e~tti::t~~`
i ~ ~ ~ ( O ~ w • ~ . , , f ( ~
I~ ~ n ~ 1 { +
oUlllllll O r ~ ! ~ (
~ ~ i i ~ I
~
~ - ~ ~ > ' , W O F~ ' EO ND RECO DED
w~ N~D, : W covt,~ -F y s
° m ~ ~ ~ z , ~ y ECn^ o VEP.IFI p ~ > ~ ~"'M
~ ~ I ~ ~ W . ~ ~ ~ ~:c~<
~ ~-1 ~ . ~ . I. ~ ~ ~ > Z ~
~ }
.~D ~ ~ ~ u1 ' r"ti' h j ~ o I
~o.r~' ~~T ~ 1~6` ~ ~ ~ ~ (
- •s~ ~ f ~ ~ 9 . d ~ n ~ n i i
I~~~~~r < ~ i W , ~ -
~ ~ t ~ zc ~ ~ , 0 49s ~ ~ ~
= ; ~ ~ i=. r * . x w ~ A.-. 1{
l~ rn~~ o I ~:.r...- n~> ~ II
~ . ~ ~ ~ + Cl.~ K C R!'t1tT CQ RT ~ ' ~
4 X r ~s
~:i~uuiiu~3 xD ~ ~ ~ ! ~ a r ~ ~
I I 1 ' N'~ ~i n Z ~1
n ~ ~
. /d11M'~W.1~2 ~ G L <
-Ci ~ ~ l 3
~f tl ~ i
600K~~~ PAGE 5~ ~ ~ _ ~
~
- : _ _
gF.~. - < . ~e~ :
~ Y~. -