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HomeMy WebLinkAbout2616and shall perform, rnmply with and abide by each and every the agreemenfs.:tipulationi. conditions and rnvenants thereof, and of this mortgage, then this mortgage and the estate hereby created, shall cease, de- ter-nins and be null and t-oid. - the mortgagor hereby further covenants and ogrees to pay promptly when due the principal and interest and other sums of money provided for to said note and this mortgage. or either: to pay all and singular the laxes, assessrnents, levies, Aabiliites, obligations, and encumbrances of every nattu+e on sntd pro- perly; to permit, rnmmit or :uf jer no waste, impairment w deterior+nlion of said land or the improwmenb Thereon at any time; to keep the buildings now or hereojter on said land fully insured in a sum of not less than its insurable value--------------- tn acompany or companies acceptable to the mortgagee. the policy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money becomes payable by virtue tj 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 aurpltts: !o pay all costs, cha-ges, and expenses. including lawyer's fees and title searches, reasonably Incurred or paid 6y the mortgagee because of the failure of the mortgagor to promptly and fully comply with the agreements, stipulations, eonditiona and covenants of said note and this mortgage. or either; to perform. comply with and abide 6y each and every the agreements. alfpulatioru. conditions and covenants act forth ;n said note and this mortgage or either. In the event the mortgagor f sib to pry when due any tax, assesstnent, insurance premium or other sum of money payable by virtue of said note and this mortgage. or either. the mortgagee mpy pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all-such payments shall bear interest from date thereof at the highest law- ful rate then allowed by the laws of the State of Florida. ~l any sum of money herein referred to be not promptly paid within thirty days next ajte- the same becomes due, or ij each and every the agreements. stipulations, conditions and covenants of said note and this mortgage, or either, are not fully perjornted, rnmplied with and abided 6y, then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, :halt jarthwith or thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exercise any of the righb or options herein provided shall not conatittrte a wait-er of any rights or options under said note or this mortgage aecrtaed or thereafter accruing. ~n ~~~~ ~1{E[E~lr the said mortgagor has hereunto signed and sealed these presents the day and year first above written. - Signed, sealed and delfrered in he presence oj: l , - s E . cHa ........ '"~~'"Aria--I+1cBale •----- -- STATE OF FLORIDA, covNTY of ST. LUCIE I HEREBY CERTIFY that oa this day, before we, an officer duly authorized in the Sute aforesaid and in the County aforesaid to take acknowkdgmenb, personally appeared THOMAS E. McHALE and ANN McHALE, his wife to me known to be the persoit3 described in and who a:ecuted the foregoing instrument and they acknowkdsed be[orc me that they executed the same. WITNESS my hand and official seal is the County and State last aforesaid this 11th dal ~ September A. n. t9 6g ''-1~-11.Et3 AND R~COR-QED ST. LUCI an VER~F EDLA~ R_CO• •-- '69 SEP i 5 PN 12.21 18311 i20GER ?OITR:.S CLERK CIRCUIT COURT.: c ~ 0 ~~ c`'' •• ~y jov E ~~es Deb >,Cx~ 1g99 7 ~ -, .. ,~ ~a ~9 - ',~.Y~b''~~--~' :~ :~~ -~oc~ 1Lis Instrument Was Prepared By ANGUS SUMNEP. This Inslranrcnl p-rp~o-rd by: p, O. Box 3230 Addras Raulerson Building ~rt Pierce, Florida o a 179 ~~~~ 600K