HomeMy WebLinkAbout2487 and shall per/orm, rnmply wilh and a6~de by ench and ei~ery tl~e agreementa, stipulaftons, conditions ar~d
coi~enants tl~ereo(, and o/ Ihis mortgage, then this mortga9e and the estats I~e~+e6y created, sl~all ceaas, de-
termine and be null and i~oid.
ihe mortgaflor he~~+6y f urthe? covenanls and agrees to pay promptly when due !he princtpal and
inferest and ot1~e~ sums o~ money proutded ~or in snid ~ote nnd f1~ts mo~tgage, or e!l1~er: to pny u~~ nnd
sinflu~a~ t{~e taxes, assessments, ~euIes. ~ia6i~ities, o6~igaflona, a~d encum6ra~ce~ ol every nafure o~ snid pro-
perly; fo permif, commit or su~(er no waste, impairment o~ deteriorafion of said land or fhe improvements
lhereon o1 any lime: to kpPP iha 6uildings now or herwa/ter on said Innd /ully ins~aecl in a sum o~ not leu
than
in a c~ompany or companies accepta6le !o the mortgngee, the poltcy o~ policies to be held by, and payable
fo, saic~ mortgagee, anc~ in ftie event any sum oj money becomes rMya6l~ 6y virfue o~ suck insurance the
mortgaflPe shall ha~~e the rigl~t to receive nnd apply tF~e snme to the inde6tedneu I~ere6y secwed, aecounting
to t~ie morfga~or ~or any surp~us: to pay al~ costs, charges, and expenses, inc~uding ~awyer s~ees anc~ tit~e
searrhps, reasonably incurne~I or pnid 6y 11~e mortgagee because o~ the jailure o/ the morlgagor to pronipllp
and f u~~y cor~p~y wilh t{~e n~rpemer~ts, slipu~ations, conc,ilions and cooennnts o~ said note ond f~is mortgnge.
or eit{~er: fo perJorm, comply wilh and abide 6y eacF~ and every the ng?eements. slipu~ntions, conditions and
co~~enants set jorlh in said note and this mo~tga9e or ei!?~er. In the euent the mortgagor (ails to pay w??en
due any tax, assessment, insurance premium or ot1?er sum oj money payable by virlue o) said note and this
mortgape, or PI~I1P~, 1~~ morfgagee may pay f~e same, without waiving or a~~ecting t~e option fo foreclose
or any oll~er ?igl~t hprPUnder, and nll such pnyments shall 6ear infprest jrom date lhereoj at fhe Itigl~est law-
~ul r~1e tl~rn alloioed by 1hp lau~s of the State oj Florida.
any sum o~ money I~erein rp(Pr/Pd IO be not prompt~y paid withen thi.Tty dnys next a~ter
i6e same brcom~s due, or if each and every the agreements, sfipulnlion! condilions und rnvenanls oj anid
note and tF~is morfgage. or eill~er, are not (ully perJormed, csmplied u~ith and a6~d~d 6y, tl~en the entire
sum mentioned in said note, and t1~is mortgage, or t1~e enti?+e balanoe unpnid thereon, ahaU jorthwitl~ or
1F~ereajtPr, at the option o) tl~e morlgagee. 6ecome and be due and paqa6le, anytl~ing in said note or herein
to f~e ~onfrary ~otu~ithstondiny. Fai~u~e by fhe morlgagee to exer~cise any oJ t~e rigkts or opttons heretn
proi~ic~c~ sha~~ nol consli~ute a u~ainpr oJ any ri~~ts o~ options ander saic~ nofp or l~is morignge nccrued or
I~~rnn jt~r accruing.
~~N,~S ~hereof~ ~~Ip SAt~ morfqagor ~I(iS {~ereunto signed ancl sealecl these presenls ~hR
~oy anc~ y~r jirst n~~one u+ritten.
'gned, sealed and elir~Pre in t{~e presence o): ~
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C~~ 0 ANO ECORQED"
' ST. LUCIE CQUNTY. F
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; - '70 (~:~Y 26 PM 2 : 29
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~ L/l ;'~~~TISNS,',1~1~
~ CLERK CIRCUIT COURT ~
~ STATE OF FLORIDA~ ~
q COUNTY nF St. Lucie
I HEREBY CER?IFY that on this day~ betore me, an
otficer duly authorized in the Stat~ aforesaid and in the Cou~ty aforesaid to tak~ acknowledqments~ penonally appeared
Lloyd K. Smith and Lillian A. Smith, his wife
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~ to me known to bc the pe~rson 8 described in and who ~xecuted the for~qoinq instrument and they acknowkdged
before me that they ex~cuted the same.
y 22nd
~ ~~IT\ESS my hand and of(icial seal in the County and Statc last aforesaid this day of
~ ~Y A_ D. 19 70
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