HomeMy WebLinkAbout1378and shall perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease. de-
termine and 6e null and void.
the mortgagor Newby further rnvenants and agrees to pay promptly when due the principal and
interest and other stuns of money provided for in said note and this mortgage, or either: to pay all and
singular the tares. assessments, levies, liabilities, obligatioru, and encumbronces of every nature on said pro-
perty: to pennif, rnmmit or suf jer no waste, impairment or deteriomfion of said land or the Improvements
thereon at any time: to keep the buildings now or hereafter on said land fully insured in a sum of not less
than maximum insurable value.
In a company or companies acceptable to the mortgagee, the policy or policies to be held 6y, and payable
to, said mortgagee, and in the event any sum of money becomes payable by virtue of such insurance the
mortgagee shall have the right to receive and apply the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus: to pay all costs, charges, and expenses, including lawyer's fees and title
searches. reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage.
or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either. In the event the mortgagor jails to pay when
due any tax, assessment, insurance premium or other sum of money payable 6y virtue of said note and this
mortgage. or either, the mortgagee may pay the same, without waiving or of feeling the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
jul rate then allowed by the lotus of the State of Florida.
~` any sum of money herein referred to 6e not promptly paid within 30 days next after
the same becomes due, or ij each and every the agreements, stipulations. conditions and rnvenanfs of said
note and this mortgage, or either, are not fully performed, complied with and abided 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, nt the option of the mortgagee, become and 6e due and payable, anything in said note or herein
to !h$ controry notwithstanding. Failure by the mortgagee to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~n ~itntSS thereof, the said mortgagor has hereunto signed and sealed these presents the
day and year first above written.
Signed, sealed and delivered in the presence oj: ~? ~~
L%~ Charles W. Ashbau
Patricia A. Ashbaugh
STATE OF FLORIDA,
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day, before me, as
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
Charles W. Ashbaugh and Patricia A. Ashbaugh, his wife
to me known to be the person described in and who executed the foregoing instrument and they acknowledged
before me that theyexecuted the same.
~YITNESS my hand and official seal in the County and State last aforesaid this /fI -- daY of
AuguB t A. D. 19 (j9
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Notar tic, State of at
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My Commission expires : `~ - 7 - 70
BooK179 PAGE1377
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