HomeMy WebLinkAbout0697 and shall per~orm. romply wtfh and a6ide 6y each nnd et~ery fhe agreeme~ix, stipu~alions. condifions und
c~or~enan~s Il~ereoj, and oJ this mnrtgage, the~ tl~ts mortgage and the eatate here6y created, shall ceass, de-
termine and bs null and void.
~ tl~e mor/gogo~ he~6y Jurlhsr couenanta aad agrees to poy promptly when due the principal and
interest and other sums o) money provtded jor in said riote and this morfgage, or etther: to pny all and
~ singu~ar t1~e taxes, assessments. Ievlea, lia6ililies, o6~tgations, and encumbmnces oJ euery nalure on said pro-
perty; to permQl, commif or suf
Jer no wasle. impairment or detentornfton oJ satd bnd or Ihe improvemenb
thereon at any ttme; to leeep t1~e buildings now or herpa~ter on ~a~d [~nd juUy insured in a sum o/ not less
than MAXIM~K INSURABLS VALUS
in a compnny or rnmpa~ies acceptable to fhe mortgagee. fhe po~tcy or_Foltctes to be heW 6y, and payable
to, said mo?tgagee, and in tl~e event any aum o( money 6ee~omei ~yable 6y vtrtue o/ aucle inswance the
mortgagee shaU have t?~e right to receive arad apply tlee aaine to the inde6tednest hereby secured, nceounting
to fhe mortgagor for a?ey aurp~us: to pay u~~ costs. chargea, and expenses. inc~~~ng ~uwyer s(ees and title
seanctiea, rensona6ly incurred or paid 6y the mortgagee because o~ ttie failure oj t{ee mo~tgago~ to prompt~y
~ and /ully comply with !he ag?eements, sttpulations, c~ondtt~o.~., and con.n~i~ oj said note and this mortgage.
or eithe~: to perJorm, comply with and a6ide by enck and every the agreements, stipulations, eonditions and .
covenants set fortl~ in snid note and this mortgage or etther. ln the ec~ent the mortgagor (atls to pay when
due any tax, assessment, insumnoe premium or otl~er sum oj money payn6le by ~irtus oj said note and ti~ts •
mortgage. o~ either, lhe mo~tgngee may ~xiy e~e same, withou! waiving or a~(ecfing the option to (oreclose
or any other rig~it ?~ereunder, and aU suc/~ payments aha[I 6ear interesf /rom dnte lhereo/ at rhe hi9hest bw-
iuI rate t/~en aUowed by t/~e ~aws of (he State o/ Flortda.
~l any sum o( money /~erein re(errecl to be not promplly pnid withtn thirty days next alter
~ s
the same becomes due, or i~ eac6 and euery the agreements, stipulations, conditions and eovenants oj said
~ n~te und this mortgage, or either, are not /ul[y ~~(ormed, c~omplFed with and ab~ded by, then tl~e eritine
sum mentioned in said note, and tF~is mo?tgage, or tbe entire baia?ice ur~pald ther~eon, ahall Jorel,mttl, or
ibereajter, at the option o/ the mortgagee, bernme and be due wed payceble, anytbing in said note or he?ein
to the c~ontrnrq notwitl~staieding. Failure by t~e mortgagee to exericiae nny oj the rig~ts or options herein
pr+~utded s{~al! not constitu/e a waive~ of any rights or options under said note or f~is mortgage aocruecl or
t~ierea~ter accruing.
~n ~~~5~ the said mortgagor has heneunto signed and sealed t6ese presents the
dny and y~r ~i?st nbove written.
Signed, senled and delivered in the presence oj:
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. ~ .
-~~i-~--.. ..1.~----- - - -..~~~:--~._--...._._..._.Q~
Thomas L. Bourn
- ---'f~i~+!_~t.~sl-
Karen Bourn
STATE OF FLORIDA~ . ~
COUNTY OF ST. LUCIE
I HEREBY CERTIFY that on this day. bdore me, an
officer duly authorized in the Swte aEoresaid and in the County afor~said to ta1~ acknowkdgments, penonapy appeared
~ THOMAS L. BOIIRN and KAREN BOURN, his wife,
~~~~~lhly~known to be the persocB described in and who executed the forcgoing iiutrument and ~@y acknowkdgtd
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~ijate,a~~ they~XK~t~a
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~~1II'~1ESS my hand and official seal in the County and State last aioresaid this ~s day o(
; A 1~7
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~~@r A. D. 19 6g.
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