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HomeMy WebLinkAbout2293 and shall pe~(orm. ~.~ply wtrh a~,d ab;de 6y earh and e~~ery tl~e ugreements, stlpulations, condilions and coi~enants 1he~eoJ, and o/ this mo~tgage, ihen thts mortga9e a~d 16e estate hereby created, ahall c~asa, de- termine and 6e nul! m~d iwid. Tlllla I~e mortgaflor l~er~~6y jurther couenanls and ngrees to pay promplly when due the pNncipa! and interesf and o1Rer sums o~ mo~ey provi~ed ~or in sntd note and Ih1s mortgage, or either: to pay a~~ nnd singu~ar the fnxes, assessmenls, ~euies, ~tabi~ities. ob~igaiio~s, and encum~r+ances o( euery nature on said pro- pe?ty; to permit, rnmmif or suf jer no wasle, impairmenf o~ delerior+ation oj salt~ ~ant/ or !he improuemenls ihereon at any fime; to keep the 6uildings now or F~ereajter on said land ~urry inaurec~ in a sum of nof less +I~nn Seven Thousand Five Hundred ($7500.00) Dollars in a company or companies accepta~ile lo f~ie morlgagee, the po~tcy or po~icies to be ~e~ by, and paya6le to, snic~ moAgagee, anc~ in I~e eve~t any sum of money beoorr~ea ~ya6t~ by virtue o~ sueh ~nsw~ance fhe mortgagee shall hai~e fhe riflht to ~eceive ared apply the snme to the inde6tedness here6y secured, nccounting to the morfga~or )or Qny surplus; !o pay a~~ costs, ctiarges. and expensea. inc~uding ~awyers fees and lif~e searches, reasona6ly inctirrec~ or paic~ by t~e mortgagee Geeause oJ t~e ~at~ure of ttie mortgngor to prompf~y ( and fu~~y comply with tl~e agreemenls, sfipu~afions, conditions and covenanta o( snid nofe and t~is mortgage. o~ eitl~er: tu perjorm, comply with and u6ide 6y each and every the agreements, stipu[ations, c•onditions and covenants set forth in said note and tltis mortgage or eitF~er.'In the euent Ihe mortgagor (nils to pay when due any tax, assessment. insurance premium o~ otl~er sum oj money payable by virtue o/ said noie and this mortgage, or eifhe~, t~e morfgagee may puy Ihe snme, wit~out waiving or nj~ecttng the option to ror+e~elose or any other rFght I~ereunder, and a1l such payments sl~al! bear tnterest jrom dnte therno/ at the letgheat law- (u~ rate Iben nllowecl by II~e ~au~s o( if~e State o/ F(orida. ~1 any sum o~ money lierein re(erred to be not promptly pnid withtn c~ays next ajter the same ~ecomes due, or ij eac~ anc~ every t~e agreemenfs, s[iputations, eoncjitions anc~ oo~enants of satd ~ note and t1~is mortgnge, or either, ure not (~Ily ~~/o?med, complied w:ih and ab~d~d by, tben t1~e entire sum mentioned in said ~ote, nnd this mortgage, or the erttu+e balarece unpaid tl~ereon, sholl /o~eh~,~th or therea~ter, nt the opfion oj the morlgagee, becor?~e and be due nnd payable, anything in said note or herein to fhe c~onfrary notrvithstanding. Failure by tl~e ~nortgagee to exencise any of t~e rig~ts or options ~erein .pr+naic~ec~ s~a~~ nof conslifufe a waiver oj any rights o~ options unc~er said note o~ thts mortgnge accrued or therea~ter accruing. . n~~tness ~h~ereof~ the said mortgago~ has her+eunto signed and sealed these presenls the t~ny nn~ year f irst aboue. u~ritten. Signed, sea~ed ancl c~elii~erecl in tl~e presence o(: - - J - • • - e er : ~ o'~~'~~ Jr:~~ ~ ~ Y "ara"~ bu"rig" a~~~ STA'I'E OF FLORIDA, ~ couNrv oF St . Luc i e I NEREBY CERTIFY that on this day~ before me~ an ~ ofticer duly authorued in the Statc aforesaid and in the County aEoresaid to ta1~ acknowkdgments, personally appeared HERBERT A. YOUNG, JR. and BARBi~RA YOUNG, husband and wife, ! to me known to be the penon 3 described in and who eaecuted t6e (oregoinq instrument and they acknowkdged j' before me that they executed the same. t ~ N'I7'NESS my hand and of(icial seal in thc County and Statc last aforeuid this 3rd day of • ~y A. D. 19 68 " , - . . ~ FILED AND RECORaED ; ~l~ ; ' ' • ST. LUC^C COUl~TY, FLA. .ti~~ r_ ~ ) . j~ _ • ~I~' f Y J I~' ,'v l~sg3~ 1l~taC~ fli~i~.~i Jic:L~ ~f (l~.':.'~ia 4~ 1~::~ i , ~ I v . . ! ~ ~68 ~Y 9 PM 3 .L1Y Com,miss~an Expaes Sept. 1, 1970 ~ • ' . ' e...,_.~ e, ~ r.,. s c~:,.~r co, ~ ii. , ~ ~ 1; ~~o{~rRNs CLERK CIRCUIT COURT :i i! . i! ~i aooK171 P~2288 _ I - - i~ s ~•-w ~ _ - . _ ' ' ' ' ' ..l