HomeMy WebLinkAbout0553 and shall ~jorm, romply will~ n??d a6ide by each and ei~ery !he agr~een~nts, sltpulatloni, oondltions nnd
covenanta tl~ereo~. and of thfa mortgage, tl~en th~.t morlgage ~d th~ eslnte he.+.6r croat~d, aRaU cvas~, d~-
te?mine ancl be null an~I aoic~.
~Ild thp moreaogor he~~6y Jurther eouenanls and agreea to pny promptly wh~n dw ths pr1?~cipa! and
inte?ra! and oltie~ sums o~ money providerl (or i?t sa[d nole and t~iis mortgape. or ~ither fo pay au aruj
singu~a? Il~e taxe~. ussessmenls, jeuies. ~iabl~iltea, ob~ignlions, and Mcwnb~a.~~, oj twry naturo on iak~ pro-
pe~fy: to permit. rnmmit o~ sul~er no wmle, tmpai~ment or deterior~attort o~ :atd le.,d or I~e improwmenb
iRerecn 4! any time; Io ~pep fhe but~tngs now or ~er~~ter on scid Iand Ju~~y ina~u~ in a stun o~ not less
than the amount remaaanc~ ~rom time to t~ime un aic~
in a company or ron~panies a~cep a to the mortgagee, i e pollcy gr po ~ to 6e held by. ~d poyabb
to, satd nwrlpogee, ond in the e~~nt any sum oj money 6ecomes ~yable 6y ~irtue o/ auch t~surancs the
mortgagee sl~al! have !he ri9ht to ?eceive and apply the aame to the indebtedness I~ereby secured, aecounting
to t{~e morfga~or jor any awp~us: to pay a~~ eosts. c~arges, and expenset. inc~tu~ing ~uwyer s(ees u?~ tifle
senrches, reasonably tnc~u?ed or paid 6y tke ?nortgagee 6ecause oj the jatlure o~ ths morlgagor lo pron~ptlr
und f
u~~y comp~y wit~ tf~e agreements, sfipu~utiorw, conclltions an~I eouenanta o/ aaid note and th4 ~nortgags,
or eil~er: fo perfo~m, c~omp[y with ond abide by ench and every ihe agreernenta. atfpu~ationi. c~widitiwu a?~
couenanfa set ~ort1~ in said note and thts mor~ga9e or either lre the e~rent tlee ntortgagor ~dlt to pny wheR
due nny tnx, assessment, tnsuranc~e premium or other surn o~ inoney payable bp virtue oE satd nole and this
mortgage, or eit~er, fhe morfgagPe rreay. pay 1/~e swne. without waiving or af)e~ting t~e option to fwec~ose
or any other rt~l~t l~erpunder, and all auch pnymenfa s6oll benr inlerest from dnte ther+eoJ ot tko 6igheit law-
~ul rnte then nllou~ecl by tF~e laws oJ tl~e State o) Florida.
~l any sum o) money {~erein re(nrred lo be not prompf~y pa~ within thirty days next af
ter
1he sQ~ne bpcorries ~ue, or i~ eoc% and every the agreements, sttpu~afions, conditions und c~ouennnb oj said
note anc~ t~is mortg~ge, or eit~er, ure not ju~~y per~ormed, c~omp~ted wtl~ nntl abtded 6~, lhen t~?e enfire
aunt mentioned in said note, and ~h~ mortgnge, or !he entir+e balnnce unpaid thereon, sIwII ~orl6u~it1~ or
Il~ereajter, at the oplion oJ the mortgagee, 6ecome and be due and paya6le, anytF?ing in said note arr haretn
fo the conlrarv nolwill~standinp. Failure 6y t1~e morigagee to exercise any of the r+ights or options hnetn
pronided shn~~ not conslitutp a u~aivpr o~ uny rig~its o~ options under satct note or f~is mor~gage a~cruec~ or
ttierea~le~ acctuing.
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n ~tness ~hereof~ t/~e suid mortgagor l~ns ~ereunto sig~e~ anc~ sea~ these presents the
c~ay ari~ ye~tr jirst a~io ~ ~riflen.
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- ---~illiam..~_:_.._~wnseric~-----------
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~~~D,~ris K. Townsend - ~
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STATE OF FLORIDA~ ~
COUNTY OF SAINT LUCIE I HEREBY CERTTFY that on this day, befors me, ia
officer duly authorind in the Stat~ aforesaid and in the County alonsaid to take acknowkdamentt, perton~l(~r,appeired'•.,
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WILLIAM E. TOWNSEND and DORIS H. TOWNSEND ~ ~
to me known ro br the penonS described in and w6o executed the fore}~oin~ imtrument aad Wt10 ••~+1~R~ -
before me that theyexecuted t6e same. ~ ` i-~ '
K11itiES5 my hand and ofticial seal in thc Couaty and State last aforesaid thu ~i~'~:~'•day.w(•'~ :
iC7 _ , • . . ,
7 .
January A. D. 19 G H . ' . ~ . ' .
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FIL~D AfJQ RECOROED H'~ S~ o{ q~~~ ~
ST. L~C!~ ~OUF:TY, Fl.A. ~r ta,~issi,n E,c •
f'r r,- D~s feb 13. 19~0
b.dw y wm«w. a cu.ati
163`~43
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B~K 1 ~O PA6E 551 - ,
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