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:
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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
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~ 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(
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.r . e A. D_ 19 68.
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j FILFO AND RECORDED
ST, I.UCtE COUNTY. F~d.
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'6$ JU~! I 9 AM I I: S 0
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j; CLERK CIRCUIT COURT
800K 17~ PA~~.~~4 ~
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