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HomeMy WebLinkAbout0604 i and sleall perf orm, comply u~ilh ancl a6ide by each and every the agreeme~ts, alipulaftons, conditions and conenants therew~, and oj lhis mortgage, IF~en this mortgage and the estate he.~6y createtl, s1~n11 cease, de- le~mine and 6e nidl and void. T1n~ Ihe mo~lga~or her~6y (urthe~ couenanis ancl agrees to pay prompfly when clue !he principal and interest ane~ olher sums o~ money prouic~ecj Jor in saicj note and f~is mortgage, o~ eifhe~; fo pay a~l and singi~la~ the la.res, assessments, Ievies, lia6i[ities, obligaltoris, and encumbrancea o~ every nature on aaid pro- per4y; to pe?mif. commit or suf(e~ no waste, impnirment o~ c~eleriomfion o~ saic~ janc~ or the er~provemenls tf~ernon at any Iime: to keep tl~e buildings now or herpa~ter on ea~d [and /u!!y insured in a sum o/ not less ~~aR $5, 000.00 fire atxl extended coverage in a company or c~ompanies acceptable to tl~e morlgagee, t{~e policy o~ policies to 6e held by, and payable to, sai~ mortgagee, anc~ in flee event any sum o~ money 6ecomes payable 6y virtue of such insurance ttie n~orlQagee sl~all haue Ihe right to receive and apply the same to the indebtedness hereby secured, accounting I fo fhe mo~fgagor Jor any surplus: to pay a~~ cosls, cha?ges, and expenses, inc~ucling ~awyer s lees nncj tif~e searcl~es, reasona6ly incurred or paid 6y the mortgagee 6ecnuse oj tF~e (ailure oj the morlgagor to promptly ~ and ~ully comply with Ihe agreements, stipulalions, conditions and covenants o( said note and thts mortgage. ~ j or either; fo perjorm, comp~y with and a6ide 6y each and every the agreemen(s, stipujattons, conditions oRd ' ' couenn~ts set jorth in said note and this mortgage or either. ln the event tl~e mortgagor /ails to pay wl~en ~ ` due any lax, assessmenf, insurance premium or other sum oj money payable ~y virlue o/ said note and t6is i ~ mortgage, or either, t'~e mortgagee mny pay ehe sarree, withou! waiving o~ o~~ecling t~e option to ~orec~ose ~ ~ or any other righf hereuncler, and QII such paymenls shall 6ear interest (rom dafe tF~ereof at the F~ighest ~nw- ' ~I ~trl rate tF~en alloeued 6y 11ie laws of the Siate o) Florida. ~ f ` I ariy sum of money /~erein re%rred !0 6e no! promptly paid wi~hin ~-10~ c~ays next aJter ° i li 16e same becomes due, or ij each and ec~ery the agreemenfs. slipulalions, condilions and couenants o/ said ' ~j note and tl~is trsortgafle, or eitleer, are not /ully perjormed, complied wit~ and a6~ded 6y, then the enfire ( sum mentioned in said note, and tF~is mortgage, or the entire balance unpaid thereon, shall /ori6witk or ~ tl~ereajter, at Il~e option o/ t{~e mortgagee, become and be due and pnynble, anything in said note or 6erein ; ' to t~e contrary nofwi!{~sfancling. Fai~ure 6y t{~e mortgagee to exercise any oj fhe rig~ts or options ~erein ' ~ provi~c~ stia~~ nof consfitute a wair~r of any rig{~fs or options unt~er saic~ note or t~iis morfgage accruecj or ; !i i{~Freajter accrtting. l ~n .~itness ~hereof fhe saic~ mort_ a or p ~ q g has 6preunto signec~ and sealed il~ese resen[s the iI cray anc~ year f irst a~ove ivritten. i` I Signed, s Ipd and delii~ernd in the presence o/: ~ I ' ~ - - - - . • -••••r.-- • . ~ d~~ • - - '~~~~G~.-• • - ~ i ~ ~ `fI ST4'TE nF FLORIDA, ~1 COLTNTY nF ST. LUCIE ~ I HERE$Y CERTIFY that on this day~ before me. an E officer dul authorized in the Stat~ aforesaid and in the Count aforesaid to tak~ acknowled i~ y gmenu, personally appeared Victor E. Demorest and Ruth K. Demorest, his wife to me known to be the prnon S deuribed in and who eaecuted the [orcgoing instrument and they actnowledged ' beforc me that th@y ~xccuted the same. ~t'ITNESS my haod and offecial seal in thc County and Statc last aforesaid this ~~.f~'• day of ij ~j December A. n. 19 67. . ~ ' ° - - _ Nota Public, State of Florida at FILED AND RECORDED Large: My commission expires: sT. LUCIE COUNTY. FLA. RF.CORD V~RIFlEO ~ 163`7'?'2 ; '68 JAN 23 PM 2: 36. ; : a~. ,~.a r ~ V L. . ! ; - ~ `_i: r? i ()~TR~$ . , ~ ~ CLERK CIRCUI7 COURT 1 = ~ ~ = ~ = _ - . ; ~ . j . f ~ : ; p a ' c_, - M / . i^ • ~ ~ \ ~ V•~ ~ ~ ~ O ~ (i. ••~..V•i i.~ 800K170 PAGE ~02 ':r,.~. . . _ I < _ , - _ - _ _ - - - • , ~:,z ~ - w~ .~~s~ ~.~.3=~~ _ ~.;~s ~v ~ ~°t -