HomeMy WebLinkAbout1577 an~ s~ul~ perlorm, comply witk and abtd~ 6y each and o~~ery f~e ag?eements, atlpu~attoni, condit[ons ~
rnvenanls tkereo/, and oj Ihb nwrtgage, then this mortgage and fhe eatate ?~ereby croaled, il~all c~eos~, d~-
termine and 6e null and void. - '
~1111~ fhe mortgngor heroby (urther eovenanb and ugroea.to pny promptly when dw the principa! and
interesl and olher suma o/ mone~r Provided jor trt snia nole and thb rr~ortgage, or eit~?er; to pay o~~ and
stngu~ar t~e fnxes, nuessments, ~euies, ~iabi~ilies. ob~igafio?u, and encum6ranoes o~ o~sry nnturt on snid pro-
perty: to permit, commit or su~~er no waste, impairn?ent or dete~tonalton o~ aa~d la?~d or t~e in~proven?enb
ther+ecn at any tlme: fo ~reep the 6utldt~gs now or he~rujler on suid land /u~~y inturec~ in a sum o( not less
~~on the outstanding. balance of the aforementioned promissory note secured here
In u company or compantes nc~cepta6le to the mortgagee, the policp or po~tctes to 6e held by, w~d ~xi~6b
to, aaid nw~tpagee, ane~ in !/~s euent any sum of money becomes ~xiya6le 6y dirtue o( such trtsuronce the
mortgugee shaU I~ai?e the ~tg6t to ?eceive a?~d npply t?~e same to the inde6tedness 1~ere6y secured. nceounting
to l1~e mo~tgagor ~or any awp~us: !o pay a~~ costs, charges, and expensaa. inc~uding ~nwper
s f
eet and ttt~e
aearcl~es. .~onab[y tn~~ o~ ~~d 6y tke n~wtgagee 6eeause of tl?e /ailuro oj tl~e mortgugor fo promptly
nnd (ully comply with tl~e agreemenls, stipujationa, eonditions and c~ovennnls o/ satd nole and thia n~ortgng~.
or e~fhe: ; to pe~orm, rnmply u~tth and abtde by sucl~ and every the agreemenb, stipu~alioni, conditions and
rnnenanla set ~orf1~ In sakl note and Ihts ~nortgage o~ eil~er. /n the euenf the matgagor ~ni~r to pay when
d~ ~y t~r, assessment, insurnnce prernium or ot/~er sum o/ money payable 6y virtue o~ said nole and t~is
mortgage, or eilher, t~e mo?tgagee may pay t~e same, witl~out wnining or a((ecting fhe option to ~orec~ose
or any other rt~~t 6ereunder, nnd all such paymenb ahaU bear intere~e Jrorn date ii~er+eoJ at t1~e highest [aw-
f ul rate lhen al[o,~ed 6y ~he laws oJ the State o/ Flortda.
any sum of money herein ?e%~ to I~e not promptly pnul within• 3~ days next nf
ter
the sume becomes due, or i/ ench and enerq t6e agreements, slipu~attons, conditions and c~ovenants o( said
' note nncl thls morlgage, or either, n~e nof ~u~~y per~ortnet~, rnmp~ied u~it~ nnd a6ided 6y. lhen the enttr~e
sum mentioned in said nole, and this mortgage, or the entire Ixilance unpaid tkereon. :kal[ /~ehw~th or
thereajter, at t1~e option o( the moctgngee, become and be due and paya6le, nnrthing in suid nole or herein
fo Ihe contmry notu~itl~standing. Fai~ure 6y t{~e mortgagee to exe?cise any of the rtg~ta or options herein
provider~ shall not constil~~te n u~ainer of any rights or options under saic~ note or t~is mortgnge accnted or
tl~ereajler aocruing.
~n ~~Ol~ the saic~ mortgagor has herrunlo signed antl sea~ec~ these presents the _
cjay an~ year f
irst a~ione written.
Signed, sealed and deli~~ered in the presence of : •
- - -
~ ornas J. iu ,
~~~cd ---..~ar.~:,...._ .~.~.~.',~r.~.~...r....---.Q~
Addis M. Phillips ~
~
~
S'TATE OF FLORIDA, ~
COUNTY OF ST. LUCIE
1 HEREBY CERTIFY that on this day. be(ore mq aa
o(ficer duly authoriud in the State afomaid and in the County a(oreuid to take acknowkdgmenb~ penonally appeared
THOMAS J. PHILLIPS and ADDIS M. PHILLIPS, his wife -
to me known to be the prrr~n S described in and who e:ecuted the (ongoing instrument and they ~~k~'~6~
~ betorc me that they executed the same.
W17'NESS my hand and otficial teal in the County and State last aforaaid thu day of
January, A. D. 1970~
~ Notary Public, State of Florida at Large
~ FIIED AP~D RECORDED
~ ST L'.lCIE COU~JTY. FLA. My Commission Expires: L
3 ,f: F~otar{ Fu~:".~c. S,ate af ~,ri;'a at Izrga t~~~~~f~~u~p~r~i~':.
~ ~VV~~O my l"J.T:.':'SS4C0 F.:..,1 :.~.r it, iY~2 a ~J
E.~ c~?~A...a:F~ _~?iCo '.`iS ~j'.
~ 'TO J~~J 2a P~.1 2 : I0 - • ~ ~ i , ;
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~ CL~~K CIn~UlT COURT ' - ~ -
~ , •
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~ ~
~ - Tl,u r,wru„un, p~rpaad by: r:ts r,~i~,,.._.,~ ~?=QnREO 6'4 .
~ Add,rsr F~.:~T I.1L'1fD :.~~~I FEDERIII;
~
tu;,i f 1,.~,~~, ~r`vl~iD~
~ ~ - . g~~1~~ P~~1575
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