HomeMy WebLinkAbout0574 and s14aU per(ornt, comply wJlh Qnd abtde by each and every the agreemenb, atipu~ntloru, cwtdtttoni a~d
coiaenanla I{~ere% and oJ 1h~a mortgage, then thts mortgags and the estate here6y createcl, akall csass, de-
/ermine and 6e null and t~oid.
~ the mortgagor l~ewby /urthe~ c~ouenanb and agree~ to pay promptly when due the princtpa! and
interesf a~d other suma of mortey provided ~or in snid nofe and l~ia nwrtgage. or tifher; to pay a~l and
singu~ar f~e taxes. asaesaments. ~e~?tes. IIa6iltties. o6Ugatbnt, and encumbnances o( uvery nature o~ snit/ pro-
perty: fo permit, c~ommit or su~fer no wasle. tmpairment or dele?tomtion oj aaid bnd or the improventenb
tf~e~+eon at nny fime; to Iteep !he 6utldings now 6eetiwJler o~ sntd land ju~jy insured in a sum o~ not ~esa
ih~ Fifty Thoueand and no/100 ($50,000.00~ Do lars
in a oompany or co~npnnies aocepfabje fo the morfgagee. t~e policy or po~ea to be he~ by, arui papabjs
to, said mo?igngee, and in tF~e euenl any sum oj ~noney bec~omea ~ya61s br vtrtue oj auch inswanc~e ti~e
nwregagee ahall have the rtght to receive ared applp the some to t1?e inde6tednesa herebp secured, ac+~ounNng
to the mortgagor jor arey aurplus: to pay all aosts, chargea, and eacpensea, iacludtng burye's jees and title
searc/~es, reasonably Incun~ed or paid by tl~e moMgagee 6ec~awe oj ehe jnilure o/ ti~e ~+ortgagor ~o ~mr?tlr
and juj~y comp~y wilh t~e agreemenfs, slipulalions. eortditioru nnd couenanb o( said note and thts mortgage.
or ejther; to per~o?m, comp[y wit6 nnd abide 6y each and enery the agreementa. atipu~at~ona, condllions and
covenants set jwth in sald note and t6is mortgage or eitl~. In the event tbe mortga9or jni4 to pay when
due any tax, aasessment, insuranoe premium or ot~er sum o( mone~r papa6le by nirtue oj aaid note and this
mortgnge, o~ eif~er. the morfgngee may paq ihe same. iuithout wairning or u(jecting tl~e opNon to ~orecjase
or nny other rig?~t hereunder, anc~ aA such payments ahaU Geur interest ~rom date the~o~ at tlie htghest Tatv-
~uI rate then allowed 6y the ~aws o/ the S~ate of FIa?ida
7L any aum oj money herein re~emed to lie not promptly paid wtfhin ~~-~------,c~upr nexf a~ter
the same becomes c~ue. or i j~~h ~d ~~.y t~e ag.+~mene~, stipulations, c~undittons anel c~ovenanb o~ sak~
note ~d th~s mortgage, or either, are not ~ullq pe?Jormed, cnmplted mith and abtd@d by, t/aeie the e~tii+e
aum mentioned in said note, and this mortgage, or the enttr+a lialaruae wepaid theneon. shall ~orthwith or
therea~ter at the opkon o~ the ~nortgagee. 6~~e o,~d be d„e w,d ~~61e, anytJ?ing in aaic~ nots or I~enein
to the c~nntrarq notwitlestanding. Failw+e by the rr~ortgapee to exercise anq oj t6e rigTib or opttona her+ein
pnnUic~ecj s~aU nol conslitute a u~nive~ o' any rig~its or options unt~er sa~d note or t~iis mortgage nctirusd or
tbereajter aocruing.
~n ~itness ~hereof~ the saic~ mortgago~ has hereunto signed nnd sea~ l~ese presents the
doy and yeor ~irst a6ove writfen.
Signed, sealed and c~eliuerecl in the presence of :
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STATE OF FLORIDA, ~
coviv~v oF ST. LUCIB
I,HEREBY CERTIFY that oa t6is day. before me, an
ofticer duly authorized in the Statc aforesaid and in the County aforcsaid to take acknawkdgments~ personally appeared
DAVID B. PUT~tAM and NILLA S. pt7TNAl~t, his arife, •
to me known ro be the penon8 dacn'bed in and who e:ecuted the [oregoing instrument ~a theyacknowkd~ed
before me that tl'1@yexccuted the ~me.
WITNESS my hand and oEficial seal in the County and State last aforesaid this e+7.~~ dar o(
AQt~l A. D. 19 E8
• f ~l j : il~~~'.
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Notary ~public,- ~State~ g~•,Fbq~ri~i~r~y
at Large - ~ , `
My Coopaisaion Expire8~.~ ~ ~I~.?%~;
FILED AND RECOROEO~.. •
ST. LUCIE COUNTY. FLA.' 3 ~•.~'y
R~:CC~R~' ~~1"~~ ~ . . . .
lss~~3 ~
'68 APR 2 AM I I:'IS
~,q~.;~n i•U!~TRAS
CLERK CIRCUtT COURT
; i 600K 1 r 1 PAGE 5~4 ~
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