HomeMy WebLinkAbout2880 ~ ~ ~ ~i l ~
y an~ s??all perJorm, comp~y wilh and a6ide 6y ~h d~id ovay,;ihe 'og?eements, stipu~aUon's, condtt~oru and
; rnnenants the?eoj, and o/ tl~is mortgage, IRen thts mortgags and the estate hsreby c?eated, shal! ceuss, de-
termine and 6e null a~d ~~oid.
~ thp mortgaflor her~~6y jurthe~ covenanls and agrees fo pay promplly whsn due Ihe principcil and
intenesl and ol{~er sums o~ money provicred ~or in saF~ note and ltiis moNgage, or etther; to pay a~~ nnd
atngu~a? I~e taxes, assessmenfs, ~evies. ~iabi~ilies, ob~i{~ulions, ancr encumbmnces o~ every noture on satd pro-
perfy; to pe~mil, commit o~ suf
fe~ ?~o waste, impairment or e~eterioration o` sntd ~ancl o~ t~te impro~ementt
therecn at any time: fo ~eep the 6uildings now or herPa~teM on said land /ully tnsurecl in a sum o~ not lesa
t~on
tn a company or companiea acceptable fo the mortgagee, ihe policy o~ poltciea ~0 6e held br, nnd paya6le
to, saic~ morfpagee, nntr in fke event any sum of money becomet pambl~ 6y virtue b( tuch insurance f~e
mortga9ee shall I~ave the ri9ht to receive nnd apply Ihe snme to t1~e inde6tedness 6ere6y secur~cl, acaounting
fo f~e mortg~gor for any s~uplus; fo pay a~~ cosls, c%arges, and expenses, inc~uding ~awyers ~ees and fil~e
~ reasonably incurrea or paic~ by f~?e morfgagee because o~ f~e fat~ure o/ the mortgugor to prompf~y
• an.~_ u y c~omp~y with Ihe agreemenfs, sltpu~ations, coruritioru a~ oovenu~ts o~ saic~ note ~ l~is m~rtgngt.
^ or either. ~ pe~o?m.~omp~y with ancl ob~1(e ~y. encEa and avery ~ og~+eementi. sfipulaliona, conditlon~ and
~ covenanfs ~et rwf~ t~l satd note a~a ~is mortgnge or eit/~er. ~?i the eveni t~ie morfgngor /atb to pay when '
due~any tax, assessmenf, insu~+ance premium or of~e~ sum of money pnyable by virtue o( saEcr nole and ttiis
mortgage, or etfher. f~e mo~lgagee mny pny f~e same, wif{~out wotutng or ajjecting the option to ~orec~ose
or any of6er right I~ernunder, nnd all such paymenfs shall 6ear intprest (rom tlnte thereoj at the big6est lau~-
(ul rate Ihen allowed by the laws o/ t1~e Stale o( Florida.
)l any sum of money hprein re~erred ~o he not prompfly paid within tE'11 days next af fer
tl~e same becomes due, or ij eacl~ ancl euery II~e ugreemenls, stipulations, condilions and rnaenants o( said
nofe anc~ f~is mortgnfle, or eilher, are no! (u~~y per~ormecr, c~omp~~ecl wit~ und a6~ded 6y, then the entire
sum mentioned in snid note, and fhis mortgage, or the enttr~e balnnce unpaid tbenwn, shaU ~ort6wifh or
Iherea~ter, ut the option oj the mortgngee, become and be due and paqable, anytl~ing in said note or herein
to the contrary notu~il6standing. Failune by the mortgagee fo exercise any o~ f~e rig~ts o~ options herein
provided s{~aj~ not eonsfilufw a waiver o( nny rig~is or oplions under said nofe or t~is mwtgape accrued or
ttiereo~fer accruing.
jn fhe said morlgngor has ~ereunfo signec~ an~ sea~ lhese pr¢senls the
clay an~ year jirst a6o~~e u~ritten.
$ign ~ed a d 'uened i t presence oJ:
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es M. Kin
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STATE OF FLORIDA, ~
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, b~:(ore me, an
ofticer duly authorized in the State aforesaid and in the County aforesaid to tak~ acknowledgments~ personally appearcd
THOMAS EUGENE KING
to Sne known to be the person described in and who executed the forcqoing instrument and he a~f~wl~dB~d
beforc me that YlQ executed the same.
WI'1'NESS my hand and o([icial seal in the County and State last aforcsaid thu day of
- A. D. 19 69.
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N~~~-"r"y c~
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Nota~y Publk State of Fbrida atL~ rBe ~'1 '
Mr Comnsiulon Expires Oec. 16. I969 .
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