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HomeMy WebLinkAbout2952 e the mortgagor hen:by further cove-tnnts and agrees to pay promptly when due the principal and interest and other sums o1 money provided jar in said note and this mortgage, or either: to pay all and singular the taxes, assessments, levies, liabilities. obligations, and encumbronces of every nature on said pro- perry; to permit. commit or suffer no waste. impairment or deterioration of said land or the tmprovemsnb thereon at arty time; to beep the buildings now or hereafter on said land fully insured in a sum of not leu than in n company 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 6y 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 a f ee-3 and title searches, reasonably incurred or paid 6y the mortgagee because of the failure of fhe 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 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 jails to pry when due any fax, assessment, insurance premium or other stun of money payable by virtue of said note and this mortgage. or either. the mortgagee may 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- f uI rate then allowed by the laws of the State of Florida. ~! any sum of money herein ref erred to be not promptly paid within days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants 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 enti-+e balance unpaid thereon, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable, anything in sold note or herein to the contrary notwithstanding. Failure by fhe mortgagee to exercise any of the rights or opNona herein provided shall not constitute a waiver of any rights or options under said note or this mortgage aecrtaed or thereafter accruing. ~n ~~uleSS ~h~eof, the said mortgagor has hereunto signed and sealed these presents the day and year first above written. Sled, sealed and delivered in the presence oj: cam...-~.-- - - ------- ----------------~ STATE OF FLORIDA, COUNTY OF St. Lucie I HEREBY CERTIFY that on this day, lxforc me, an officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared John T. O'Donnell and Lydia M. O'Donnell, his Rife to me known to be the person described in and who executed the foregoing instrument and they acknowledged befom me that they executed the same. WITNESS my hand and official seal in the County and State last aforesaid this jg-th day of September A. D. 19 (i9 ~~ ) fa0TAJ1T treBUR tiTATE OF RORtOA AT UsRr MY COMMISSION EXPIRES PlOV 12, 1971 . sarotto Tnsotrwr rR[O w, DIr:iTt LMORS~ ,~`h_,~~'..::,•~ ~.'' ~ RILED AND RECORDED ST. l.UC1E COUNTY. FLA. - '"~ `', ~ ' .'. ti ~ ~ = RE:CQR:: VERIFIED .~~~ =_ z - • --~ ~ ~a -1 '' ~ (~ '~ : -•~,31_~r .~' '69 SEP 19 PM ~ . 4g --~ ' CLERK CIRCUIT COURT BOOK 179 ~~E2950 and shall perform. comply with and abide 6y each and every fhe agreements, stipulations. conditions and covenants thereof, and of this mortgage, then this mortgage and the estate hereby created, ahnll cease, de- termine and be null and raid.