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HomeMy WebLinkAbout2052 and shall perform, comply with and abide by each and etrery the agreements. stipulaftoru. eondilIoru and eotrenant thereof, and of this mortgage, then thin mortgage and the estate hereby cwated, shall cease, de- termine and be null and twid. fhs mortgagor hereby further covenants oral agrees to pay promptly when dw the principal and interest and other sums of money provided for in said note and this moNgage, or either; to pay all and singulor the taxes. assessments, !sates. liabilities. obllgnttons, and encumbroneelt of every nature on said pro- pe-ty; to permit, commit or suffer no urasfe, impairment or deterioration of said land or the improvement thereon at any time: to beep the buildings now or hereof ter on said land fully insured in a sum of not Isss than full insurable value fire and extended coverage in a company or companies acceptable to the mortgagee. the policy or policies to be held 6y, and payable to. said mortgagee. arld to the event any sum of money becomes payable 6y viNw of such i,uuronce the mortgagee shall har-e the right to receive and apply the same to the indebtedness hereby secured. aeeounttng to the mortgagor f or any surplus: to pry all owls. charges, and expenses. including lawyer i fees and title searches, reasonably incttrr+ed or paid 6y the mortgages because of the failure of the mortgagor to promptly and f ally comply with the agreements, stipulations, eortditions and covenants of said note and this mortgage. or either: to perform, comply with and abide 6y each and every the agreements. stipulations. conditions. and covenants set forth in said note and this mortgage or either, In the event the mortgagor fails to pay when dw any tax. as:essment. insurance premium or other sum of money payable 6y victor of said note and this mortgage. or either, the mortgagee may pay the same, without waiving or affecting the option to jorecbse or any other right hereunder, and all such payments shall bear tntsrest from date thereof at the highest law- f ul rate thin allowed by the lours of the State of Florida. ~` any strm of money herein referred to 6e not promptly paid within -1.5- days next after the same 6rcomes due; or tj each and every the agreement, stipubttons. conditions and covenant of said note and this mortgage, or either, are not fully performed, eemplted with and abided by, then the entire sum mentioned in said note, and this mortgage. or the entire bnlartoe unpaid thereon, shall forthwith or thereafter, at thb option oj.the mortgagee, become and be dw and pn~iab[e, anything in said note or herein to the contrary notwithstanding. Failure 6y the mortgagee to exercise any of the right or options herein provided shall not consfilrrte a u-ait-er of any rights or options tutder said note or fFis mortgage accrued or thereafter accruing. ~kLl1~ ~~Ct~f, the said mortgagor has hereunto signed and sealed these present the day and year first above wrijleg. , sealed and~dyliytre~in the presence of I, STATE OF FLORIDA, couNTY of ST. LUCIE I HEREBY CERTIFY that oa this day, before me, as officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared Lester M. Combs and Margaret Ann Combs, his wife to me known to be the person described in and who executed the foregoing instrument and they acknowkdsed before me that they executed the same. WITNESS my band and official seal is the County and State last aforesaid this 3rd day of September A. D. 19 69. ~~ FILED AND 4UN~YOF ~• ~. l.UC1E ~~. =?IFlfO .. ,...- . 18261 ,ra C~!~ y P~! 3 ~ ~~ C G~ '~t; ~~~AS ,~ My commission expires: at ~~'t~~t~ltlllll nrrrr~~ j'' BO~OK~~9 PJICE~JV -.: . `:. ?: : ~~:;~..yy~~ ~,..] : to .. . ~' O a _, v~f~0-•.~~. :fir.'- . flfMtt!~••~ - -. ~: