HomeMy WebLinkAbout2840 and shall pe?~orm, comply with and a6ide by~eacl~ and ei~ery fhe ag?eements, slipu~ation"s, condittona nnd
coi~enanis thereoj, and oJ this mo?tgage, Ihen this mortgage and Ihe estats hen6y c?eated, sl?all ceaie, de-
termine and 6e null and uoicl. ~
~nd Ihp mortga~or herr.by ~u~ther covenants and agrees to puy promptly when due the principal nnd
interes! and other sums o~ money provided jor in satd note and this mortgnge, or either; fo pny a~~ and
stnpular the taxes, assessments, levies, lia6ilities, obligaltons, and encumbmnces o/ every nature on said pro-
pe~ty; to permil, commit or su~~e~ no wasle, impairment o~ deterioralton of said ~and or the improvements
I~PMCR at any timp; to RPPp IrtP buildings now or herealter on eaid land /ully insured in a sum o( not less
than
in a company or companies accepta6le to the mortgagee, the poltcy o? policies to be held 6y, and pnya6le
fo, said morfgagee, an~ in f{~e event a~y sum o~ monoy becomea n~,ya6l~ 6y virtue oj sucti inswnnce the
morfgagee shall have the right Io receii~e and apply the same to tke inde6ledness here6y secured, aceounling
to the mortgagor jor any surpliu; to pay a~~ costs, chnrpes, und expenses, inc~uding ~awyer s(ees and fit~e
searches, reasona6ly incurred or paid 6y fhe mortgagee 6ecause o/ t1~e ~ailure of the mortgngor to prompt[y
and fully ~mPly wit~ the ag~eements, stipulaiions, conditions and co'venants of said note and tF~is mortgage, ,
or eilF~er; !o perjorm, comply with und a6ide 6y each and euery il?e agreements, stipulations, eondilions and
covennnts set forth in snid note and this mortgage or ¢stlSas. ~n t1~e event the mortgago~ fai~s to poy wl~en ,
due any tax, assessment, insurance premium or otl~er sum o) money paya6le 6y vi~tue of said nole and this
morlgage, o~ eifher, f{~e rnortgagee moy ~y tl~e same, wifhout waiving or a~Jecfing t~e oplion !d Jorec~ose
or any other ?ight hereunder, and all sucl~ payments shall bear interest jrom date lhereo( at the highest law-
(ul rate then allowerl 6y tl~e laws oJ the Stale o) Florida.
~l any sum oJ money I~erein reler?ed to 6e not promptly pnid within thirty days next a(ter +
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1{~e same 6ecomes due, or if ~~h and euery fhe agreements, sfipulatioRS, rnnditions nnd couenants oj said ~
nole and this mortgage, or eitl~er, are not jully ~.Jorn~ed, complied witl~ and a6~ded 6y, tl~en tF~e entire
sum mentioned in said note, and t1~is mortgage, or t1~ e entire bnlance unpaid thereon, shall f
ort~mit6 or ~
therea(ter, at t6e oplion o~ the morfgngee, become w~d bB d~ nRd ~ya6l~, anything in snid note or Teerein
to f1?e contrnry notwithstanding. Failure 6y tF~e mortgngee to exercise any o/ !he rights or options herei?t
providec~ sha~~ not constitute a waiver o( any righfs or opfions under saic~ nole or f~is mortgnge nccrued or
f~erea~ler accruing.
~n ~itness ~hrreof~ t~e said morfgagor has ~ereunio signec~ and sea~ lhese presents the
c~ay nnd year f
irs! above writlen.
Signed, led and deGnered in e prrs ce o/: ,
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~ } S ~ en C. D son n
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Ph lli Davidson
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STATE OF F~ I~orth Carolina ~
` couiv-rsr oF Cumberland
I HEREBY CERTtFY that on this day, be(oro me, an
officer duly authorizcd in the Sate aforessid and in the County a(oresaid to uke acknowkd~nents. personaDy appeared
St ephen C David son & Phyllis David son
to mc known to be the pcrson dacribed in and who ex ed t6e loresoin~ i~trument aad th~~acknowkdsed
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beforc me that theyexecuted the same. .;:~ty~iti~~;,~~~.:,• .
~ WI1'NESS my hand and o[~cial seal in the nty and t~te last aforesaid this n 0
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~ ~~arch A. D. 19 p .
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~`~y commsiion expires Feb 5 R~ tu :'f.~~~~~ `
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~ $311v~ ~ti:: -
~ FILEO ANO REGORDED
ST. LUCIE COUt~TY. FLA.
,:c'rr~}:-~+'VERIr'rD i
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~ 70 AP~ 9 a~~ i i: ;
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" ':~.s:.'2 r~Q[ 1 t~.'.S
~ CLERK CiRCUtT COUR7.
~ Tliu I~wrunrrnt p,rp~arrd by: William R. Dannahower, Trustee `
P.O. Box 1044, Ft. Pierc~, F'la. 33450
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~ s~183 ~28~?' .
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