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HomeMy WebLinkAbout1100 and shall pe?/o?m, ~omPly wjil~ ond n6ide 6y ~ck and eoery the ag?eementa, stipulationi, conditions and co~~enants therooj. and o~ thts mortgage. ~?~en th~s martgags ond the estnle he~6y created, sl~all ceas~, de- lermine and 6e null an~ volcr. nl~ I~e mortgaao? heruby jurt~er covenants and ag~ees to pay prompl~y w~en due fhe princlpa~ and intRresl and olhp~ sums of money provi~ed ~or tn aaid note and thts mortgage, or ~it~er; to poy a~~ and singu~ar ftie fa.res, assessmenfs, ~euies. Iiablliftes. ob~igutiorts, and encumbrances o( euery nalure on sn~ pro- perty: to pe~mil, commif o~ suf fe~ no wasfe, impnirmenf or deteriomfion o~ satc~ ~and or fhe improt~emenb therecn al any time: to ~r~ep 16e 6uildin~s now or I~e?ea~t~r o~ ~a~d bnd Jully tns~ued !n a sunt oj not less t1~aR 'I4~ELVE THOUSAND AND NO/100-------------DOLLARS in a compa~y or companies ACCPPIIIb~ IO tl~e mortgngee, the policy w poltctes to 6e heW by, ond ~ya6l~ to, said mortgagnc?. an~ in ftip euenf any sum of money 6ecomes ~xi~6le 6y vtrfue bj such insurance t~e mortgagee shall ha~~R tl~e right to receive nnd upply the same to II~e inde6tedness here6y secured, aceounting to the mortga~or ~o~ any surpliu: eo ~,y all ~ts, charges, and expenses, tncluding lawyer's jees and title searches, reasonaGly incurre~ or paid by Ihe mortgagee because o~ Iti~ ~ai~ure o~ !~e moAgagor to proenpf~y and jully comply with If~e agreements, stipulations, conditions and eovenants oj said nole and this mortgnge. or eit~e~; fo per~o?m, comply with and nbide 6y each and euery fhe ngreements, sfipu~atians. conditions nnd covenants set forth in said nole a~d lhis mwtgnge or eifher. /n the e~ent il~e mortgngor ~ai~a to pay when due any tax, assessment, insurance premium or otber sum oj money ~xiyable 6y virlue o~ satd note w~d eht~ mortgage, or eil~er. t~e mortgagee may ~xiy the same, wtthout waiving or af~ecfing the option to forec~ose or any olher ri~ht hernunder, and all sucl~ payments shnll 6ear inferest /rom date tl~ereoj at the 6tgF~est Inw- f ul rate then allowed by !6e luu~s oJ Il~e State oj Flo~dn. ~l any sum oj mo?iey herein re~errec~ to 6e not prompt~y paic~ within ~,Q claya next ajter tl~p same 6ecomes dup, or ij eacl~ and euery Ihe agreemenfs. stipulations, condilions and covenants o/ said note and this mortpa~e, or eilher, are not /ully perJorened, rnrnplied witl~ a~d ab~ded by, lhen t6e entire sum mentione~I in said note, and tl~is mortgage, or the entire balance unpaid ther+eon, shnll jorthwith or i~ereafter, at Ih~ opfion o~ the mo?lgageR, 6ecome and be due~and papable, anyt~ing in saicl note or herein to the rnntrary notu~ithstanding. Failurr by 1{~e mortgngee to exercise any oj fhe rtg~ls or opttons ~erein provicled sha~~ nof constitutp a wainer of nny rig~ts or options under saicr note or t~is mortgage accrued or t~erea~l~r accruing. ~ ~n ~~LIi~ ~~~l~ the said morfgagor hns hereunto sign~ and sealetl these presents tl~e day and year Jirst abone u+ritfen. Signed, sealed aRd dpl~~~p.~d in il~e P~PSPtICp oJ: ~ . ~G-- - - , ' : ~ t~ STATE OF FLORIDA. ~ COUNTY OF ST a LUCIE I I HEREBY CERTIFY that on t6is dar, before me, au I ofticer duly authorized in the Stat~ aforesaid and in the County a(oresaid to take acknowkdaments, penonally appeared ' Hampton Clyde Compton and Helen E. Compton, His Wife to me known to be the person S described in and who execnted the [orelqoin~ instrument a~d they ~~1~~~6~ I beforc me that they executed the same. ~ ~ W' ES my hand and olficial seal in the County and Statc last atoresaid this ~ da~ of ~ A. D. 19 68 ~ I • \ ' . . . • -r°-••--------••--tc ' ~ Notary Public, 3tate of Fla. at Large ; : My comanission expires: _ . ; = r , : . NNw111~c. St~lt a1 t~e = 1w CoMi~sia E~ies~23, 19ii , N(i L L _ w~ ~ M~~iv~ EI~ ~ fiWi f~ 2/j rj YJ ~~~ent W~ ~tp'~- g~j FILEO AND RECORDED~ .~r`''~... ~ A1'GUS SG'.'VIi~'F.R~ r! ST. LUCIE COUNTY. FLA. ; P. U. B~Y 3230 ~~-~0~~ VERIFIEO j x~::'t~~~T ~=ng -1.64U86 Fort :':c-.~: . _ .:a '68 FE6 5 ~ ~ ~ : ~3 ~ l~ . ~r f~ot•~=~ ?~oi;~~s BOOK~ /O PACE1097' CIERK CIRCUIT COURT ~ , - _ _ - - _ - . ~ ~ - ~ .