HomeMy WebLinkAbout2747 and shall per/orm, romply u~ill~ and n6ide 6y each ond every the agreements, attpulalio~is, conditions and
coi~enanls tl~ereo~, and oJ Ihis ~no~fga~e, t1~e~ t~is morlgage and 11?e estats hereby creoted, shall cewe, ds-
lermine and 6e nuN and i~oid.
If~ fhp murtga{~or ~~en~6y (urthe~ coi~enan~s nne~ agrees fo pay p?ompt~y when due the pri?~cipnl and
interesl ancj ofher sums o~ money proi~tcrec~ lo~ i~ aaid ~ote onc~ thls mortgage, or etf~er; to pny a~~ nnd
singu~ar fhe fa.res, assessmenis, ~PUIPJ, ~Iabi~ilies, ob~igalions, anc~ encumbrnnces o( every nature on anid pro-
perly; fo permit, commit o~ su~Jer no wasle, impai?ment o~ deteriomtion o~ said ~and or the improvements
tl~Precn at any lime: to ~PPP II1P buildin~s now or herro(ter on said land jully insured in a sum oj not less
tl~an TeI1 thousat~d 8t1d No/100 (~'110~000.00) ~
in a company or companies acceptable to the mortgngee. 1he poltcy or policies to 6e h~td 6y, and pnynble
to, saicr morfgngee, an~ in fhq evenf any sum o( money becomes ~ya6l~ by virlue oj such insurance t~e
mortgagee shall have fhe • righf to receive nnd apply tl~e same to tl~e indebfedness hereby secured, aceounting
fo tf~e mortga~or ~or any surplus; fo pay a~~ cosfs, charges, and eacpenses, inc~uding ~awyer~s (ees ancr tif~e
searc{~es. ~easona6ly incurrec~ or ~~d 6y tlie morlgagee 6ecause o~ f~e jai~ure of 1{~e mortgagor fo prompf~y
ona ~ully comply u~if{~ ftie agreemenfs, sfipu~afions, con~iltons and covenants of saic~ ~ole a~e~ Itits morfgage.
or eit~~r; to per~orm, comply witl~ and a6ide by each and euery !he ag?remenla, sfipu~ations, condifions and
covenanls set ~orfh in said nofe and this morfgage or eilher. /n ftie event lhe morfgagor Jai~s fo pay w~en'
due any tax, assessment, insumnce premium or oll~er sum oj money pnya6le 6y t?irtue o/ said ~ole and thia
mortgage, or either, the mortgagc?e may pay Ihe same. wilhoul wniving or ajjecting tl~e option to )oieclose
or nny other rigtit {~ereunc~~r, an~ aII such paymenls shall bea~ inierest ~rom clnie thereoJ at the higl~est Inu~-
(ul rale Ihen allocuecl by the lau~s oJ the Stafe o) Florida.
~l any sum o( money ~erein re(e~ io be no! prompfly paid within 3~ c~aya next aJter
Ihe same becom~s c~ue, or i~ eac~ and every 1{~e agreemenfs, stipu~afions. concritions an~ covenanls o~ satd
note and t{~is mortAage, or eittier, are not f ully perjormed, complied with and a6~ded by, then the entire
sum mentionecl in snid note, nntr t6is mortgage, or the enti?e balance unpaid lheneon, s6a11 (orthwit~ or
thereajter, at tl~e option oj the morlga9ee. 6ecome and be due nncl paya6le, anything in said note or herein
to fhe controry nolwil~sfanaing. Fai~ure by ftie mortgagee to exercise a~y of the rigkts o~ options ~erein
pronicled sha~~ no! constifute a u~aivPr of any rig{~fs or opfions under saitr noie or t~is mortgage accrued or
t~ereaJter accruing. '
~n ~~LltQSS ~~~~I~ t1~e said mortgagor has hereunfo signecl and seale~l these presents t1~e
c~ay an~ year ~irs! ove u~ritten.
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Signed, seal nd d li~~ in e prese cp o~: ~
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l Z~iomas 0. Fadrick
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' Hatha I,ee Padrick
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~ STATE OF FLORIDA,
couiv-rv oF gt. Lucie
I HEREBY CERTIFY that on this day. before me, an
o(ficer duly authorized in the State aforcsaid and in the County aforesaid to tak~ acknowkd~r?ents, perwnally appeared
Thomas p~ Padrick and Hatha Lee Padrick~ his wife
to me known to tx the penonS dcscribeci in and who executed the fortgoinq instrument and tr16y acknowkdged
beforc me that tirl@Ye:ecuted the ume.
WI7'NESS my hand and otticial seal in the County and Sute lut oresaid this 19~1 day o~•
~ DeC6IDb@T A_ D. 19 E>9.
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RECOR~ED hotary ' ic, State o ~~iday
K fIl.EO ~N~ ~yyNTY fLA• at I~rge. My Commissi ~ eit~ra~
. 1 -,f,
~ sz.t~~~c .~G~~ ~ April 16, 1973 '.E,;,, ~ ~~~r''
~fi 1i7 ~ V _ ;j~1 ' . y.'
~ Qi~?~[• - ~ C')
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~ '69 OcC 3fl ~ ~ , : ~
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~ .L.f7 T~r.S y~•,~::- 0
~ Lc pK CIRCV~j COUR ~ ~ '
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~ 17~u I~utnimca~ prtprrrrd by: ~
~ Addrexs This instntmant P~ b'9 BOOK~01. P14GE~~~ / ~
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~ :.i. S. 1~lcCollum, AttY•, 2121 14th A~e.
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Vero Beach, Florida 32960
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