HomeMy WebLinkAbout2112 and shall pe?(orm, comply wilh and a6ide 6y each and ei~ery f1?e agreements, stlpulafioni, rnndtttona and
co~~enanls thereoJ, and o( Ihis mortgage, the~ tl~js morfgage and the estale 6ere6r ereated, sl~oll cease, de-
fermine ancr be null an~I iroi~.
~n~ t~~P mortgaf~o~ hen+6y furt~e~ coue~anfs and agrees to pay promptly when due the principa! nnd
interesl and oltipr sums o~ money proui~e*c~ f
or in saic~ nole anc~ th~s mortgage, or etfher; fo pay a~~ antl
singular the fa.res, assessmenls, leuies, lia6ililies, o6liflations, and encum6ronces o~ every nalure on said pro-
perty; lo permit, commit or su(jer no wnsfe, impui?ment or deterio?nfion o~ saic~ ~and or Ihe improvemenfs
Il~eircn al any limp; lo ~PP~1 ~hP I1Ulldir~~s now or he?~w~ter on said land jully insurecl in a sum o~ not less
~/IQtI
in a company or compani~s acceplab~e lo f{~e mortfla~ee, fhe poltcy or po~icies fo 6e held 6y, and pnyable
!o, saicr mortgagep, an~ in fhe euenl ariy sum of money becomes paya6le 6y virfue o~ suc{~ insurance !~e
mortgayee Sho!! ha~~e the rig6t to ~eceive and apply the same to tl~e i~de6ledness F~ereby secured, aceounting
to the mortga~or (or any surplus: fo pny a~~ costs, cha?ges, and expenses, inc~ucjing ~awyer s~ees and tit~e
searc{~es, .pnso~~ably incurre~ or paid by fhe marlgagee because o~ t~e /nilure o/ fhe mortgagor to prompt~y ~
ancj lu~~y cornp~y u~il{~ f~e agreeme~its, sfipu~tions, conc,ifions nnd covennnts oJ said nole and lhis mortgage.
or eil~~er; to per~orm, comply with and a6ide ~y earh anc~ every !~e ogreements, atipulations, eondiiions and
coi~enanfs set jorlh in said note and tl~is mortgnge or either. /n fhe event 16e mortgagor jails to pay u~{~en
due any tax, assessment, insumnce premium or otl~er sum of money paya6le 6y virtue oj said nole ~d ~h~s
mortgage, or eillter, !tie mortgagee mny pay tl~e same, wit~touf waiving or a~jecling fhe option fo ~orec~ose
or nny other rigl~t I~ereunder, and all suc1~ payments shall 6ear interest ~rom date tl~ereo/ at the F~igl~est lnw-
(uI rate lhen allowed 6y fhe laws o~ tF~e State o) Florida.
a?iy sum of money herein re(e?red to ~ not prompl~y paid within thl.rty days next a(te~
IhP same becomes ~ue, or if each and every Ihe ngreements, stipu[ations, condilions and covenants of said
note and lhis mortpage, or pither, are not /ully perJormed, complied with and a6~ded 6y, tl~en the entire
sum menfioned in said note, and Ihis mortgage, or the enlir~e bulance unpnid thereon, shall /ortl~with or
lhereaJter, at t6e oplion o/ the mortgagee, become nnd be due and paya6le, anyfhing in said note or I~e~ein
fo Ihe confrary nolwifhslancling. Failure 6y i{~e mortgagee fo exerrise any o~ ttie rig~ls or options ~erein
provic~e~I stia~~ not constil~de a mainPr of any rigf~ls or opfions under snid note or f~is mortgage accrued or
f~preaJter accruing_
~n ~~~~5 ~~~1~ the saicl morfgagor has hereunto signecl and sea~ed tl~ese presents Il~e
c~oy nnd ypa~ Jirsl n6one u~riflen. -
Signe sea~ecr ancl tre~i~~pretl in the prnsencp o~:
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STATE OF FLORIDA, ~
COUITY OF ST. LUCIE
I HEREBY CERTIFY that on this day. betore me. an
o([icer duly authorized in the Stat~ a(orcsaid and in th~ County aforesaid to uk~ acknowledqments, personally appeared
SAMCJEL KNIGHT and BETTY LUE K~GHT, his wife t
to me known to be the person g described in and who ezecuted the (or~goinq instrument and they actnowkdged
before me that they executed the same.
VVi7'NESS my hand and official seal in thc County and State last a[oresaid this day o(
r- A. D. 19 7~
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. FtLED ~+~~D RECOROED y
J.~.:0.~ pFty s~= ';T, IUCiE ~OU~:TY. F:..•-
~ti r: s. ~ ; r: r n p+~ ~~~h ~ Notary P~cWic. State of florida at large
:1c.p~L 1?Vl.~'S~ . .
tonrti:s:i~n Ex,~res i~~r. i~, i~ 7 0
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CL~RK CiRCUtT COURT
Tl~is Lu~rrinu~t~ p~rpnrrd by:
!~~[fiCSf j~ ~~~eM Was Ptepared By: 80~~~~ P~2~,~
it. McDONAI~, JR., Attorney - -
C,ifFs~ns F~dsrsl Buildinq
F{, Pi~res, Horids 3?!50
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