HomeMy WebLinkAbout0879 and shall p~rJorm, romply iuit~~ aad a6ide by h and ei~ery the ogreements, sttpulaliona, co?ediliuns and
conenants thereoJ, and o( tl~is mortfla~e, then Il~is mort~a~e and ll~e eslate here6y c~eated, shall cease, de-
• lerminp a~ul I~e nu~~ an~~ t~oi~. ~
~nd the mortga~or hen~6y f urlher coi~enunts und agrees to pay promptly when due Ihe principa[ and
fnlernsl anc~ olE~er sums of mon~y provic~ecl (or in saic~ nole and Itits mortgage, or eif~er; to pay a~~ und
sin~ular Ihe IfICPS, QSSPSSIIIPIIIS, IPI~IPS, lia6ililies, o6ligationa, a?uI encumOronces of every nQture on said pro-
perly; lo permil, commit or su~jer no wasle, impairmenl or c~eteriorafion oj soid Innd or the impro~ementt
fhe?rcn a! any Iime; to RPPn (~P ~ui~c~inns notv O~ hPlPpjl~r on saic~ ~ancl ~u~~y insunet~ in ct sum o~ no! ~ess
~hQ~ Forty-Five Thousand and no/100 -----($45,OOO.QO) Dollars
in n company or cjompanies accPplable to ti~e rnorlgaQee, t{~e poliey or policiea to 6e held by, and paya6le
to, said mor~gaqee, and in tl~e evenf nny sum o/ monry 6ecomes ~,ya6le by virttte o) such insurance the
morlgageP shal[ ha~•P !he ri~ht to re~ceive and apply the samp to the indebtedness here6y secured, accounting
fo fhe morfga~or Jor any siup~us; fo pay a~~ rnsts, charges, anc~ expenses, inc~uc~ing ~awye~'s fees anc~ iit~e
seaerhes. reason~6ly incurre<I or pai~ 6y If~e mo?fgagee tiecause oj t~e fui~wr o~ ff~e mortgngor !o prompf~y
an~ ~u~~y comp~y u~itf~ Ihe agreements, stipu~ations, con~ifions anc~ eovenanfs ol saic~ note an~ l~is morfgage.
or ei!{~er; to perform, comply witl~ ane~ n6ide 6y eacl~ and ei~ery tl~e a~reementa, sfipu~afions, condifions and
covenants set jorth in said note and tl~is mort~nfle or either. ln tl?e event l1~e mortgagor faiG to pay when
due any tax. assessmPnt, insurance premium or olher sum o~ money payable 6y virtue oJ said note ent~ tf~is
mortgage, or eit~ier, t~~e moric~agpe may ~y ~he same, ~vithout euaic~ing or a~fecting 1/ee oplion to ~orec~ose
or nny oll~er riyl~f J~erpumler, ancl aII s~ich paymertfs shall bear i»terest /rom date tl~ereo/ at I~e 6igl~est law-
/ul r~1P ~~tPlt Q1101t~e(~ ~y ~~lp ~QU~S O~ /~P ~~Q~P o~ Florida.
any s~rm o~ mort~y tiprein relprrec~ to be not prompl~y paid w~tht~ fifteen days next a~ter
the same becomes due, or if each o?td Pl~Pry ~~P QQrpCIilPRIS, stipielations. condilions and covenanls oj said
no~p and t6Fs rnortga~e, or pitl~er, are not Jully perJormed, complied wilh and a6~ded 6y, then ~{~e entire
sum mentionet~ in said nole, and this mortgage, or the entire balnnce unpnid thereon, shall Jwthwill~ or
t{~erenJter, at tl~e option o/ tl~e mortgagee. 6ecome and 6e due and payuble, anything in said note or I~erein
to f~e conlrary notu~ifJ~stan~Ii?eg. Fai~ure tiy f~e morfgagee fo exercise any o~ f~e rigtils or options ~erein
providecl sha~~ not constifule a u~oii~er oj a~y ric~tils or options unc~e? sai~ note or fhis mortgage acrnied or
t~~ereajfer accruinq.
~n ~~~~1~ fl~e said mortgngor has hereunto si,yne~ nnd sea~ed tl~ese presents tf~e
~ay anc~ year firsl ntiove ivritlen.
Slg1iP~. SPaIPA and delirered l?1 ~?IP P~PSPIICP O~C ' /
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:Y~toriel---'r.. Wafson~~
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Frances ~11ice Watson
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STATE OF FLORIDA. ~
CoU:~n oF ST. LUCIE
I HEREBY CERTIFY that on this day, betore me~ an
officee duly authorized in the Stat~ a(oresaid and in the County aforesaid to tak~ acknowledgments, personally appeared
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E~ I`r~ ..LIONEL WATSON and F'RANCES ALICE WATSON, his wife,
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to m~ ~(cnoi~rp;•~
~ the person g described in and who executed the (oregoinq instrument and the}/ acknowledged
r.~ r?~~ ~ '
Z~ n m~ t~iey exccutcd the same.
?.l: w1'~7~ESS thy hand and official sea! in thc County and State Iast afor~said this day of
. ~~(~it1b~X A. D. 19 C 9.
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Prepared by: Notary Publ.ic, State of F1~
a~r
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Devitt J. Adams at Large. -
of McCARTY S~ ADAMS t•iy Commission E:xpires: a~-7/
P. O. Box 4412
Fort Pierce, Fla. 33450 Ft~EO AND RECORDEb
~T, L;1CIE COUI~TY. FL~.
F.; C~`c~1 `if'n^~~rcp
186230
'69 ~'~'1 Z fi-~P~ q: I 0
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l/~u I?ulrr~nrcn~ prrpnrri~ by: ti L K C i R ~~i T C 0 U RT
Acldre.~c
8001(~8~ PAGE_~.878
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