HomeMy WebLinkAbout1262 cntl shal~ per~orm~ comply tuifh ~d a6tde by ~h a.~d every,f~e agreeinents, sttpulattona, condittons ar~ !
couenanta thereo/, and o( thit mortgage, then lhta neottgage ruid tl~s eatate ?~ere6y created, shall cease, de- ~
eerniine and be null ar~d votd. j
~ the mo~tgagor he?wby Jurll~er c»r,enar+ta and agnees to pay promptly when due the p?incipn! and
inter+est an~ other auma ol ~a~ey proUl~Iec, ~or tn satd note and t~b mortgage, or etfher; to pap a~~ artd
airegu~ar !he taxes, assessments, le~ies, ~iabi~ities, ob~tgations, and encum6mnces oJ every natura on antd pro-
perfq: to perm~t, oommit o~ su~fer no waste. impnirment or dete~toration oj ~atd bnd o~ the improvemenb ~
the?eon af nny lime: !o heep the buildings now o~ he?ea(ter on ~atd land jully insured in a s~un of not ~ets
t6an FIVS THOUSAND DOLI~ARS ($5, 000.00)
in o company or companies accepta6le to the rnortgagee, the policp or poltcies to be he[d ~y, a.?d ~ya6l~ (
to, said moHgagee, and in tl~e event uny aum o~ money ~iecomes ixiyabt~ by ~irtue o( such insw+anc~ the ~
t
mo?tgagee a~n~~ f~aue the rtghf to receit~e and applq ti~e same to tlie inclebtedness he~+eby aacured. aacountl~p
to the mortgagor ~or any surplus; to pay a~ costs. chargea. anc~ expenaes. inc~udtng jawyer
s`ees nnd Ht~e
aew+ches, reasonnbly tncurred or paid by the mortgagee 6eoatue oj !he failure o/ the mortgagor to pron~ptlp
ane~ (u~ly comply with the agreeireereta, atipujations, conaifiona nnc~ covenants oj said note and thia mort9nge.
or etfher; to per(orm, comp~y~with and a6ide by eac6 nrid every t~e agrserr~enta, attpulations, conclttiona and
~venants set /orfl~ in said note and thts mortgage or eit6er. In t1~e event fhe ~ortgagor faila to pay when
due ony tax, assessment, insurance premium or other sum of money paya6le 6y vtrtue o~ said nota and tkis
mortgage. or either. t~e mortgagee may pay the same, without waiving or aJJecting the option to jorscjoae
w nny other r~gT~t he?eunde~, and all such paymenta shall bea~ interest (rom date tl?ereoj at the higi~est bw-
~ul raie then allowed by the laws oJ the State o/ Florida.
. ~l any sum oj money ~erein referred to be not prompt~y pnid wit/~in ten doya next a`ter
tke same 6ecomes due, or i/ ,~nch and every the agreements, stipulations, eonditions and covenants oj aaid
note and this mortgage, or eit6e~, nre not (ully per(orrned, complied with and abided by, tben the en[ire
sum mentioned tn snid note, nnd thu rnortgage, or iTic entire balance unpaid thereon, :haii /orehW~th or ;
therea(ter, at the option o( tha mortgagee, 6erome and be due ~and payable, anything in aaid note or herein ~
to t~e• contr~nry nofwif~istanding. Fai~ure by ~he mo.eg~~ eo exenciae any of t~is rig~eb or opNons herein #
~
provi sha~j not consfifute a f~aiver o( any rtg~its or options unc~er s~id note or this ntorlgage accn~e~ a f
t~erea jter accruing, s
~n ~i~~l~ lhe said mortgagor has heneunto signed nnd sealed ~l~ese presents th~
~ay antl year ~irs't above wriften.
Signeel, sealed and clelinerecl in the presence o/: ~
.
--~~y~L~------------------------------ - ~ ~
. Iiarry C Gault
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oro~h . ~iil~
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STATE OF FLORIDA, ~
courr~ oF ST. LUCIE
I HEREBY CER7IFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowJtd t
gmenb, personally sppeared
I~,RRY C. GAULT and DOROTAY J. GAULT, husband and wife, .
~
to me known to be the peno~ described in and who executed the [oregoing instrumrnt and they acknowkdged i
before me that they exccuted the same. ,;~~1j~ .
, WITNESS mp hand and official seal in the County and Statc last atoresaid this 24th .1~ i~}~l
February A. D. !9 74 . ~~';•+•••~~'~P ~
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FlLED AtJD RECORDED _ ~
5i. IUCIE rCOUNTY. FLA. : . ~ : _ ~
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- ~~C~' (`jS~J otary Public, State of ~ ~~.a.,~ . ~ e ~
. .
My Commission Expire c~ ~
'ZO h'~2 9 AM I I: 22
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, ~C;/U;TP~~ .
CLE?~:K. C1~~~~7 ~OURT
THJS . ~ ,`G ~
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Fr. -nt_ ~v:;-= f_~ 0 R
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F e. ,c•:, A
FOFT P~EN~E. F",,,~iiA 334SQ dOOKiV3 ?AGE~~~~
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