HomeMy WebLinkAbout1345 and sf~all per(orm, comply u~ith and a6ide 6y ~h and ei~e?~+ the ag~eements, slipulution~, conditions a~d
conenants Ihereo/, and o) Ihis morlgage, t{~en thla morlgage and the estate hereby created, shall cense, de-
lprmi~e and 6e null nnd i~oid.
~d the •n~~tgagor heroby f urtf~er covenanfi and agrees fo pay promptly when due ti~e prtncipal and
inferest ane~ ot~e~ sums o( monoy provicrecj jor in sale~ nofe und t~it mortgage, or sither; to pay nl~ nnd
sin{~u~ar Itie faxee, ussessmenls, ~evtes, ~iabi~tties, ob~igafions, and enru~+b•ance~ oj avery naiure on satd pro-
perty; to permit, commit or su(/er no wnste, impairment or deterio?alion of said lnnd or !he improvements
thereon ~I any Iime; to ~PPP II1P 6uildings now or he?Pajter o~ saicr Iand ~ully in:iued in n sum o/ not less
~{,an Two Thousand and No/100
in a company o~ compnnies acceplab~e to the mortgagee, 1{~e po~icy or po~icies to be {~e~ by, and paya6le
to, said mortga~ee~, and in the event any sum oJ money becomes ~yn61~ 6y utrtue of such tnsurance the
mortgaflPe s{~a~l {~ai~e !~e rigtif fo receive and apply ti~e iome to the Indebtedneas here6y secured, accounting
to t~ia mortga~or for any surplus: to pay a~~ eosfs, charges, and expenses. inc~uding ~awyer's fees anc~ ftfle
3FiiTCl1PS, rpasonoh~y incun~ o~ paid ~y !~e mortgagee because of the ~ai~ure o~ fhs morfgagor to prompt~y
and ju~~y co~p~y u~i1h Ihe a~reements, slipu~afions, conditions nnd covenants of said nole and ihis mortgage.
or eil~er: to per(orm, comply wit{~ and a6ide by ench an~ euery the agreemenfs, stipu~ntions, conditiona and
coc~enants se! (orfti i~i sai~ note and f~ts mo?tgage or either. ln the event the morfgagor (ai~s to pay u~~en
due any tax, assessment, insurance premium or other sum o~ money puya6le 6y vtrlue oJ snid note and thii
mortgaQp, or pittier. Ihp morfgagee m~y pay fhe same, wif~ou! waiving or a~~ecfing the option to Jorec~oae
or any otl~er rigl~t he?eunder, and al[ such pnyme~ts sF~al! 6ear in~prest jrom date thereof at the I~igl~est Iaw-
(u~ r~fp 1~~rii a~~otvet~ tiv ftiP ~aurs ol t{~e State oj F~ori~a.
~l any sum of monpy hernin re(erred to be not promptly paid within 30 days next ajter
ttie s~me 6~t~omes d~ie, or iJ each and every Ihe agreemenfs, slipulntions. conditions and covennnts oJ snid
note and this morlgagp, or eilhpr, are not jully perJormed, c~mpliecl witl~ and abided 6y. lh~n the entire
sum mintione~I in said note, and tl~is mortgage, or the enti?~e 6alance unpnid thereon. :hnll /orthwitl~ or
tl~ereaJfPr, a1 tl~e option o~ Ihe mortgngoe, 6ecome and be due and poya6le, anyll~ing in said note or herein
to f~p ~~nlnary notu+it~~atandiny. Failure 6y the. mortgngee tn arencite any of the ri8hts or opHons ~te?eIn
proi•ec~vcl s~a~~ not conslilufp a u~ai~~er o~ any righis or options under sai~{ nofP or ftiis mortgage accrued or
iti~r~a f I~r ~ccruing.
~n ~itness ~IK`[Ol~ t~~e sni!~ morf,qagor has hpreunto signed and sealed these presents t~e
~ay an~ yrnr ~irst a~~ove u~riffen.
Signe~. alec~ an~ ~~~i~~erea in ttie presant'p oJ:
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~ STATE OF FLORiDA, ~
~ COt'\TY OF $'r. LUCIS I HEREBY CERTIFY that on this day, befon me. an
~ olfi~er duly authoria~d in the Stat~ afor~said and in the Cou~ty afor~said to tak~ acknowled¢mcnts~ p~rsonally appeared ~
~ Charles Ray Padrick, Jr. and Lillian Padrick, his wife ~
~ to mc known to }x the person d~scriFxd in and who fXCCU[~d the (or~qoinq instrument and they acicnowkdged
b~(orr me that they ~x~cutcd the ume.
~ 29th.
N'IT\ESS my hand and o((icial seal in th~ County and Statc last a(oreuid this day o( i
~ September A. D. 19 70. ~
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~ ~dTAR~ tUf~LIC, iTaTE nr c~ r~•^p AT t486~ b
~ , MY COMMiSS~On; ~~o-c • 12, 1971 .
lONDEO 1NROU6M rw~o +r. v~c-~e~HUws- . ~
..a '~'~'y~~Y+!4 ~ I ~ / '
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` \P'` ~A~fi'p•~:- FILEO~ANO RECORd~O~
~ - ST, LUCIE COUNTY~ F'~;A:"
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~~:,,~pSr:RY~:~~-;;.° RF.CORQ VERIFiEO
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~ .^,~.,.fPU4~~~~~.~ '70 OCT 2 PM 2: 26
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`~j~` F~ I'r1e~`~' ~ ~~Y1 ~ ~
` sr' ~~~'':.-t• - ROG~R POtTRAS
CLERK CIRCUIT COURT( !
do 187 ~~1345 '
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