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HomeMy WebLinkAbout1958 and shall perlorm, comp~y wllh and ob~de by e~h a.~d eoery fhe agreemenfs, ttlpujntiona, conditlans and eonenants thereoj. and o( If~is mortgage, then this mwtgage and the eatnte ?~emby croafed, shall cease, de- Jermine and 6e null and aoid. ~!he mortgagor hew6y (urther couenants and agrees to pay promptly whQn due the prtnctpal nnd interrst and other sums o( money providecj (w in iaid note and thia mo?fgage. or ~ither. fo pay a~~ ar~d singular Ihe faxes, assessmenfs. ~eUles. Iia6ilities, ob~igafions, and encumGr+nncea o/ e~ery nafurs on said pro- pe?iy: fo perntlt, commit or auf~er no waste. impairment or detertorafion o~ said +~.~:~d or the improuements thereon at any lime: to ~eeep the bui~ings now or ~er+eajter on said land /ul~y insue~ in a sum oJ not ~ess than not applicable in a company or cc~mpanies aoceptable to the morlgagee, the policp or poltcies to 6e h.W by, and puya6la to, said morfgagee. an~ in 11?e e~ent any suM of money bei.~omes ~yable 6y vlrfue o~ such ~nsurance the mortgagee shall ha~e the right to receiue and apply the same to !he i?tdebtedness here6y aecured, nc~ounting fo t~e mo?Igagor ~or any s~~?~jus: to pay al~ costs, charges, and expenses. Incluc~ing ~au~er s Jees and fif~e ' searches, .~~na6[y incurred or paid 6y the mortgagee becawe oj t{~e faileu+e o/ the mortgagor to promptly ~ and ~ully comply with the agreements, sfipulations, conditions and covenants o/ said nole and tbis mortgage. ' o~ either: to per/orm, comply with ond abide 6y each and every the ngreementa, stipulations, conditiona and couennnfs set lorlti in snic~ note and l~is mortguge or eit{~e~. ln the event fhe mortgagor (ai~,s to pny when ' due any tax, assessment, insurnnoe premiuM o~ other swn oj monoy paya6le 6y virtue ol snid nale nnd t~is mortgage, or eitl~er, the mortgagee may pay tF~e snme. wtthout wat~ing or aJjecting the option to joreclose or any other right hereunder, and all such paymenfs shall 6ear interest from dote theneo~ af the higl~est Iaw- (ul rate tben ullowecl 6y IRe Iaws oj the State of Florida. uny surn of money~tierein re(errec~ to be not promptly paid within alays next a(ter the same becomes due, or ij each and e~ery the agreements, stipu~ations, eonditions and rnuenants of snid I nole and this mort9nge, or either, are not jully pe.Jormed, complied with and abided 6y, then the entire sum mentioned in said note, and t1~is ~nortgage, or tl~ e entine balance unpa~d thereon, ahall Jathwith or ' therea(ter, at the optton o~ the mortgagee. beoome and 6e due and payable. unyt~ing in sa~ note or herein to the contrary nofwil~standing. Fai~ure 6y el~e mortgagee fo exer+cise any of the rights or opttona herefn prorided sha~~ not consfifute a u?aiver o~ any rig~its or options unc~er said note or t~is mortgage aocruecj or therea(ter accruing. ,i,~ ~ ~n ~~Lll~ Il~t~~ ~ I~e said mortgagor ~as ker+eunto signed and seoled these presenta the ~ day and year (i~st nbove wriNen. ! Signed, sealed and delivered in lF~e presence oJ: - ~ ~ - . + • o- - -----R-u~ - ;._Soreriseri i i ~ ~ ~ ~ I t STATE OF FLORIDA~ ~ ~ ~ COUNTY OF j~IfgTL~II ~ ~ I HEREBY CERTIFY that on this day, be[ore mq an officer duly authorized in the Seatr a[oresaid and in the County afomsaid to tak~ acknowledgmenb~ personally appeared 1i John P. Sorensen and Ruth V. Sorensen, his wife, to me known to b~ the penon 8 described in and who taecuted the (orcgoing instrument and they acknowkdaed ~ ~M before me that {hgy exccuted the same. ~ WITtiESS my hand and officul seal in the County and State last aforcsaid this 9~ day of ~ j` June A. D. 196a. . I~ .,c. ~ . . - ~ - ~ ; - . . . ; ~ 'i F1lED AND RECORDEO ~ - - • . ~ :j ST. LUCIE COUNTY. FLA. ~ ~ - ~ . i ~ = • ~ ~ f2rt`~?~ `1"F'•'~''~ . _ . lf 86?24 co~.~.. E ~p : ~ ~'~~'b - ` ~'t;=.'• ~ IZ 9 . 10 PN ' '68 ,fUl. ~ ~ ; ~ ~ i G"tn OIYR:.S ~ CL~RK CIRCUIT COURT ~ ~ ; 0 R ~ 'i aoo~172 P~1949 - - I . _ ~ ~ ~F y~ _ _ ~ ~ ~_k~~ ~ - ' 4-~ . . . ~ ' . M ~a