HomeMy WebLinkAbout2304 and •hall per(orm. comt?ly wttl~ ond abtd~ by sock ~d twe~? tl~ agns~nta. aetpulstlau. condutorv and
eo~wnanls ~Iwreo~. and oj tkla nw?tgn9s. ll~en lhis moNgage and t1~ ~alat~ h.~.6r ~,+.~e.d. aknU o~o~~. dt-
termin~ and 6~ null ond aotd.
~11d ~I~p n~o~g~ ke,~by /urel~er oo~.nana ond ae~s eo ~r w+o+~+p~ly wk.n dw el?. p.t~! and .
intetra! a~d ol~~ sunu o/ money ~id~d Jor in said noh ond tida mortgag~. or ~tt~K; to pay au ar~
singu~ar Ihe taxea. assessmenb. ~eutea. ~Iabt~iiles. ob~tgattoiu. and ~ncum~anc~a oj ~v~ natun on aal~ Pro-
pe?ty• +o permtl, cnmmi! or su1ler no waate. impairmer~t or defaionatbn o~ said ~and or t~ impro~~m~nb
il~Preon at a~y time; to heep the buildingi nau or heKajte~ on said land /uUy ttuand in a aum of not ~eas
~h~ the full insurable value,
iR n compa~y or ~ompanIea nc~eptuble fo !tie mortgngee. the po~icp or po~lcit+ to 6~ heW by. and papab~e
to. satd rrwrtpagee, a~~ tn the event any sum oJ money 6~o~a n~~6b 6y ~ew aJ tuch insunan~Y tht
mortgagee siw~~ l~nve the ri9he eo .~tos ~d a~iy ~I~e ,a,ne eo t1~e tnde6tedn.s.l~.r.by ~e~,~.d. acoountin9
to ti~e mortgaflor lor any swplus: fo pay aU c~osb. ctin~ges. aru~ expe~nrea. incjc~tng law~ i lia and ttl~t
se~...~e~, ?easona6ly incun+ed or paid 6y the n~ortgagee becnwe o~ tf~e lat~ure o~ the morfgagor to prompfy
anc~ luUy eomp~y wit~ t~e ngreemenb. sttpu~atiau. oondtttons aru~ c~ouenants o~ satd ~ote ond tlda mo?tgag~.
or et:her: to per/o.m. ~Ir wteh ~d a6tde br eacf~ and eve~? ~1~ ~~.ne,. ,e~ulaetons, eondttto~. and
co~enanls set ~orth in satd note and !hL morlgage or etl~. In eke event d~e ~wigaeor Iaib to Pay wl~r~
due any tax, asasssment. iniuronce pr~miwn or other sum oj mo~? pa~6le 6y ~trtw of safd nole and this
nwrtAaAe. or either. t6e n~ortga9ee n~ar pay t1~e :ane. u~tthout wotntn9 or ajJecting the optton to /oredose
or ~y other R~ht be.+P~.nd~. ~d al! a~,~h ~y~na shaU b~ tRe~e /ron~ dote theneoJ nt tiie I~iglteat law-
ful nate lken aUowed 6y !he lou~s oj t1~e Stale oj F[ortda
~l any surn of ~noneq herrin re~~ lo be not prompth? paid u?tthin fifteen dal?+ ~ext aEb?
t~e sume becbmes c~up. or i j each nnd every il~e agree~nenta, sttpulations, eondttions and covenanb oJ said
oote anc~ ttiis mortgage, or eif~~. nr+e not ~u~~y per(ormecl. c~omp~isd with and a6td.d by. t~en t~e enttn
sum mentionecl in snFd note. ancl this ~noMgage. or t~e entire ~injanae unpaid theroon. s~ forlkrutt~ or
ti~e~ra~fer, at ftie oplion o~ t~e mortgagee. 6~om~ ~d 6e d~ ~d ~~wble, a~rtht.~ tn :~d noee or I~.~etn
to f~e rnntna?y notwit~standing. Failw~e 6y-1he mortgagee to exerrtse ony o( t1~e rtg~ib or opHons ~a+etn
provtc,ed s~n~~ nof rnnslifufe a uminnr oJ anr rig~fs or opfions wec~er snid note or this mwtgage accrued or
t{~ereajfer accruing.
~n ~~LI`~ ~~1~ I~e said rriortgagor tias /~enrunto signe~ nru~ sea~ these pr+esents the
c~aq an~ year ~Irs! a~~e u~ritfen.
Stgned, sealPd and delirered in the prrsence oJ:
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P ter L. Cole
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~ STATE OF FLORIDA, ~
covrrrx oF INDIAN RIVER
~ t HEItEBY CER'I'IFY tl~at on this dar, bd~e me, au
officer duly authorized in the State a(oresaid and in the County atoresaid w qke aclcno+ded~nents, P~~~f sPP~~ i
;
Peter L. Cole ~
to me known to be the peeson descdbed in and wlw txecuted t6e torrsoin~ iotuument and he ackoowkdaed
beforc me t6at ile e:ecuted the same.
WIIT~IESS mr hand and of~cial ~eal ;n ~e Couney and S~a~e Iast aforaaid d,is ~p ~h dar of
A. D. 19 fi9
FIlEO AND RECOIZDED~~ .
S7. LUCtE COUNTY. FL~C: , ;
~ ~ c o ~ r v ~ ~ ~ ~ 0 1'74'7Si .......C
~ No ry Public, State of Florida at '
~ st2 Large. My Commission Expires: ~
~ '69 FE6 i 3 PM I ;
~ ~
4i0iCF. ?OiTRtaS ,:,i''
EL~RK CIRCUIT COURT : . ~
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5 ~E2301
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