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HomeMy WebLinkAbout1158 and shal~ porjo~m, comply wilh and a6ide 6y each and ei~ery the agreeme~ts, stipulattona, condttions and conenants t{~ereoj, and oj this mo~tgage, t1~en tf~is morfgage and fl~s eatate hereby created, shal[ c~eate, de- te~mine and 6e null and ~wid. t{~R mortgagor I~erv6y jurtl~e~ couenanta and agrees to pay promplly when due the p~tncepa! aRd interesf and ot~ier sums oJ money provtdc~ ~or ~n satcl note anc~ lhir mortgage. or eilher: to pay a~~ and singular the faxes, assessments, luu~es. ~tabi~ifiea, ob~tgations. ancl encee~ttbr+unces oJ every ~afure on saic~ pro- perty; to permil, commit or su~fer no wasfe, e~pnerneenl or deleriomtion o` said land or the improveme~fs thereon at any time; fo ~c~ep f{ee tiui~clings now or her+aa~ter on eaid land ~ully insured in a sum ol not ~ess rl~a,~ t~e highest insurable value , in a company or companies accepfa6le to the mortga9ee, the policy or policies !0 6e I~eld 6y, und paya6le to, snia morlgagee, an~ in t1~e event any sum ol money becomea ~yabl~ 6y virfus o~ suc~ insurance t~e morlgagee shall have the rigl~t to receive and apPly ehe same eo ~6e ~de6eedne~ I~e?~by s~wgd, accounting to tl~e mortga~or jor any surplus; to pay al~ costs, cl~arges. and expenses, inc~udtng ~awyer s~ees and tt1le + searches, reasona6ly incurrcK/ or paid 6y t~e mortgagee bec~uuse o~ fhe ~ai~ure o~ fhe morfgagor to promptly ~ ancl lu~~y comply wit~ ff~e ugreements, sfipulattons, conditions anc~ eovenanta o~ satd note artc~ f~ei,t ~reortgage, or eifher: to perform, comply witk and abide 6y each a~d euery t~e agreementa. stipulafions, c~onailions nnc~ covenants set (orth in said 'note-and fhis mortgage or either. In the euent the mortgagor jai(s to pay whe~ due any tax, assessment, insurnrece prerreiu~re or otleer sum o/ money pnya6le 6y virlue oj snid note and fhts ?nortgage, or eilfeer. 1he i»orl~agee moy ~,y t6e snme, u~ifkout wniuing or al~ecting fhe option fo joreclose or any other rig6t hereunder, and all suc6 payments ahall 6ear interest (rom dnte the~+e~~~ at tlie 1tlghest Iaw- /ul rate IF~en allowed by i6e ~oii~s o( the State o! Flortda. ~l any sum o~ money herein ref erred to 6e not prompt~y paid withiri 15 days next ajte~ ~ t{ee saires becoines due, or i{ eoch and every the ngreemenis, stipulations. conditions nnd rnc?enunts o/ said , note nnd lhis mortpa~e, or either, are not jul~y perjormed, comp~ted urith and a6~d~d 6y, then the entire sum mentioned in said note, nnd lhis mwlgage, or the entine 6ujance unpnid t1~er+eon, shnll ~ortl~witl~ o~ tl~ereajter, at the option oj the mortgagee, become and be due and pa7rable, anytl~ing in said note or herein to the confrary notu~itl~.ctanding. Failure by tF~e mortgagee to exet+ciae any of the tights or opttons herein provided sha~~ not conslitute a waiver o( any rights o~ options under said note or t~iis mor[gage accnied or f~ereaJler accruing. ~n ~itness ~hereof~ tf~e said mortgagor i~as /~ereunto signed[ and sea[ed these presents the day an~ year Jirsf above u~ritten. Signed, sea~ed and c~e~it~ered in the presence oj: . . - . STATE OF FLORIbA, ~ courr~rv o~ ST, LUCIE I HEREBY CERTIFY that on c6is day, be(ore me~ 3A of(icer duly authorized in the State aforesaid and in the County aforesaid to tak~ acknowkdgm~nts, prrsonaUy appeared ~ H. C, McDERNIID l ~ to me lcnown to b~ the penon described in and who executed the fotegoinq instrument and he acknowkdged `~++iirq(~e+e me that he ezecuted the same. ' ~ S j~~;~WITNESS my hand and of~cial seal in the County and State lut afomaid thu 19t}1 day o( . ~ .r . e A. D_ 19 68. . ; : . ~ :t y . • . • = ~ . t~ /~ry/ . . . • - - ~ . . , . ~ • 4 .F~ , : ' P I ~ ~1~~ : Ur ~,L.~: : ~ = ~o~a itblic..~ _S~a e ~o~~Floric1a 'a~"I;ar ~r~?''~ ;,kj~ My omm'n Expirea• S- i p- J~` g , . "•~n ° ; ~ ~ . • a: j FILFO AND RECORDED ST, I.UCtE COUNTY. F~d. i; t~:. ~~'1 +rC ^ iss~~4. '6$ JU~! I 9 AM I I: S 0 ~f ~ ~ ~*.t1 ~ ~~U R~5 j; CLERK CIRCUIT COURT 800K 17~ PA~~.~~4 ~ ~ . : - - - - _ _ _ ~ - - - - - ~ ~ - ~ .s ~~F