HomeMy WebLinkAbout1440 ond shall pr?rorw~. ro+~lr ~~t~l~ ond ab~d• 6y .~e~1? ..~d e~w~r !1?~ opnwN~nl~. ~flpulwtlona. cor~dttiwu and
c~w~~enonfa t~enw~. ond o~ Itits nwrfgag~. ftiM ttiit ~o?fgop~ and Iti~ ~afaf~ h.r.br cnote~. t~ou cYas~.
I~rm~ne and bs null and ~wtd.
~ ~I~~ ,++o.~o~or I~ewbr ~u.~k.. ~nes o.~d oo~.s ~o por w~pely wh.n dw ~h. ~t.~s~! ~d
inferrst a~d of~?e? sunu o~ money provided (w in ~ald not~ ond 1~?ia ~oNgaQ~. or ~II~K: to pay a~~ snd
aingu~ar !~s fnxpa, ussessmenfs. Ievles. Iia6illfies, ob~igoliont, ancl encumbr~anc~es of ~wry nalur~ oit sntd pro-
perly: fo peemif. c~ommif or suf(er no wasfe, impai?ensnf or delertor+ation o~ .atd la,~d or tti~ tmprow~unla
11~pnecn at any ftrne; !o Ire~p the bui~i~gs now or herwarter on aaid Iand ~ully instu~ecr in a sum o( nof ~u
ttian
in n company or rnm~wrties aecrpfa6~e fo t~e mortgngee, !{~e po~tc~l or po~Icies fo 6e heW 6y, and pn~61~
fo, soid ~norfgngoe, an~ in 1~ event any swn o~ money bec~omes poyobl~ 6y virtus oj auch inaurance t~e
mortgagee :hall I~a~e tl~e rigl~t to r~ceive and apply !he same to tke inde6tedness hen6y aecurocl, acoou~ling
to Itie mortgn~or ~or any au?p~iu; to pay n~~ eosts. charges, and expenset. including ~awyer s leet ancl tti~s
searrhes, rensonn6ly incurrrd or ~~d by el?a mortgagee 6ecauae oj the /ailurn oj tl~e mo?tgagor to promptly
and f
ully eomply with ttie ag?eemenls, stipu~attons, rnnditions and covennnta oj said note and tl~ia n~o?tgnge.
or eil~er; to peeform, ~o~P[y w~tk o,~d a6tds 6y eoch and every t{~e ag~menfs, atipu~nfions, eondifior~,r and
covennnts set fort~ tn satd note und this mortgage or ettl~er. ln f1~s eue~t the morfgngor Jai~s lo pay when
due ariy tax, assessment, inswance premium or otl~er sum oj money pnya6le by vi~tue of said note and this
rnorfgnge, or eif~er. t~e morlgagee mny rxiy rhe same, wit~ouf wniuing o~ aJJecttng f~e option to jorec~ose
or any olker rigl~t I~e?eunder, nnd all aucli pnyments sholl bea~ interest (ro~n dnte ti~ereo~ nf the 6ighe:! law-
(uI rate the~ allowed by fl~e Inws o/ the State of Florida.
ony sum oj nconey f~erein re(en~ed 1o be not prompt~y paid wiftiin thirty daya ntx! nJter
tf~e same becomes due, or i~ eack and every tl~e agreemenls. stipulations, c~onditions and eovenants o~ said
note nnd Il~is mortgage, or eitl~er, are not (ully per(ormed, complied u~it1~ and ab~ded 6y, then the entire
sum mentioned in snid note, and this mortgage, or t?~ e entire 6nla?u~e unpuid tl~ereon, sFinl~ ~orthwitk or
thereajter, af fhe opfion o~ the moNgaQee, 6ecome and 6e due and papa6le, anyt~ing in saic, note or herein
to Ihe rnnfrary notw~tlistanding. Failure 6y the mortgagee to exercise any of fhe righta or optlona her+etn
provide~I sha~~ nof consfitule n waiuer oj any rig~fs or options under said note or this moAgage accrued w
.~ereafler accruing.
~n ~~LI`~ ~1~[~t~ the snid mortgagor l~as hereunto signed and senled tl~ese presents the
~ay anc~ year (irsl alwne u~rillen. .
Signec[, senlec, and delivered in tl~e pr~sence o~:
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~ STATE OF FLORIDA. ~
~ co~~rrv oF ST. LUCIE
I HEREBY CERTIFY that on this day. before me. an
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, of(icer dulp authorizcd in the Statc a(oresaid artd in the County a(oresaid to uk~ acknowledgme~u, personally appearcd
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' NORMAN BARER and RUTH BARER, his wife,
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F to me known to b~ the penon 3 described in and who executed the forcgoinq instrument and ~1@y ackno+Kkdsed
F be(ore me that ~ey c:ecuted the same.
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~ N 17'NESS my hand and of(icial sea! in the County and State last afor~said this 13~4 ^t' •:s;,'. ~Yr,Bf
• J.Iti2~y.
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~ Janua A. D. 19 71 C~~. f. j~:
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Notary Pubiic -~tate of F7~ 'd'$•' j,ar ~
lC COUNTY 6y~ t~- g~,.•~,`Q :
~ S~•~~ PJI1R ou~T Rnnde~ It~~: Ameriran Banke~ h~P~et~~'o~m~r
~~Ci~ llv f.r~rnmi~~eon F,[pirec• 1~o~.d;.j~`~~~~•~~•~
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~ 77,;s hu~.i,nu~n~ p~rparr~d by:
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~ /~~f~(/1?j,( Tfus Instrument Was Prapared By:
` C. R. McDONAI~. JR., /?Horory Q ~
x Cifia~n~ Fsd~r~l wildiny r~'e~r189 ~~43
- H. ti~rc~, Flerid~ )1~50 ~W~~
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