HomeMy WebLinkAbout0524 ond shall perJorm, ~~ort~ply u~i1h a~id ~b~da by ~h and every the agreementt, slipulatioris, condiltons and
coi~enanls thPreo~, and oj this mort~ape, lhen this mortpage and Ihe e~tate I~ere6y c?raied, shall c~ase, de-
fermine an~ be null and i~oid.
Ihe mortfla~or tiemtiy lurlher covena~ls and agrees fo pay promptly when duo II~a pri~cipal and
inferr3! 4~~~ ofher sums o~ money provi~ed ror in suid nofe and t~[s morfgage, or stther: fo pay a~~ and
sinflular fhe ~~xes, assessmrnls, levies, lia6ililies, obliflations, ant~ encumbroncea o~ every nnture on anid pro-
perfy; fo permil. commif or sujfer no u~asfe, impai?menf or ~eterio?afion of saic~ ~and or fhe improvemenls
t{~Prrcn at any fime; fo ~PPP IhP ~~ui~~rin{~s nour or hernajter on cai~ ~anc~ jully tnsure~I in a sum o~ nof ~ess
ftian
in a c•ompany or compani~s accepfa6le to Ihe mortga~ee, the po~icy or policiea to 6e I~p[d 6y, antr poyab~e
to, snid morlga,ypp, and in thp ei~ent nny sum o/ mo?iey 6ecomes paya6le by virtue o( auch iruura~cs ll~e
morfgagee stia~~ {~ane Ihe rigtit to rereivp and apply !he snme to tke indebtedness here6y secured, uccounfing
to /hp mortga~or jor any surplus; !o pay a~~ cosfs, c{~arpes, ond expense:. including ~awyer~s fees nnt~ Itt~e
searc~es. ~easonati~y incurre~ or ~~d by ~hp morlgas~ee because o~ Itie Jui~ure oj Itie mortgagor fo prompt~y
nn~ Ju~~y romp~y witl~ i6e agreements, stipu~afions, conditions and ~onenanfs o~ said note an~ i~ia mortgage,
or eifher; to pprlorm, comp~y u~ith ancr a6ide 6y each ancl every t{~e agreemenfs. stipu~ntions, conditions and
covenanfs sef forth in sni~ note anc~ this morfguge or eifher. ~n fhe event t~ee mo?igagor ~ai~s to pay when .
due any lax, asspssmerit, insurance premium or other sum o~ money paya6ls by i~i?tue of saicl note and IF~is _
morfgage, or eilher, fhe mo~t~agee may puy ftie same. wifhouf waiving or nJ~ecling t{~e oplion to ~orec~ose
or any ol{~er ri,q{~t f~prPUnder, and all such payments shall 6ear interest Jrom dote f{~ereof at fhe I~tgl~es! ~aw-
,u~ rnte fh~n a~~o~vei~ tiV ftie ~au,s oJ i{~p ~tatp o~ F~ori~a.
iL any sum oJ money I~e~ein re'PKP~ IO he not prompt~y paid wittiin thirty c~ay~ nexf ajler
thp same 6ecomes due, or if each and e~~ery fhe agreements, stipulalions, rnnclitions an~1 covenants o( saic~
note nnd this mortgagp. or eifl~er, are nol fu~~y per(ormec~, rnmplied wilh ancl a6~ded 6y, tken the enlire
sum mentionp~ in snicl notp. ancl this mortgage. or tl~e entirn ba~ance unpaid the?eon, sl~nl~ forlhwitF~ or
thereajter, at the option o~ ~he mortgagee. 6ecome an~ 6e due and paya6le, anylhing in aaid note or kerein
1o ihe confmry nolu~ilhstanding. Failure 6y rhp morlgagee fo exercise any of the rig~fs or options hp?ein
proriclecl stia~~ not consfilufe a u~airpr o( any ri,q{~ts or options under snic~ note or ttiis morfgage nccruec~ o~
lhpreaJtpr accruin~.
~n ~Il~[~~1~ ftiP said mortg~,qor hns I~preunio si4n~1 and sea~ecl Il~ese presenls tF~e
~ay on~ year ~irst atiooe u+riflen.
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~ ST:~TE OF FLORIDA,
~ cc~t'\TY t)F ST. LUCIE
~ I HEREBY CERT[FY that on this day, be(orc me, an
~ offi~-~r dul~• authorez~d in th~ Stat~ aforesaid and i~ th~ County a(oresaid to takr acknowledqm~nts, prrsonally appeared
~ JERRY E. HILL and CATHERINE J. HILL, his wife,
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~ to mc known to Ix the prrson S descriFxd in and who ~zccut~d the for~Qmnq instrumeot and th@y acknowkdRed
' br(orr m~ that they ea~cutcc~ the same_
~ ~~I7~\ESS my hand ancS official seal in thr County and Suh• last aforesaid this ~th d~y of
~ January A. D. 19 71. , "
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- i ST ~~ir;~ ..~:?Vir FIA.
~ FC~~" F~ ~4S Notiry Pu~lic. S;at~ ol ~lorida at l~rq~
~ ~ CIER~ .;;Ufi COURT
~ R~c~~S., v« Idy Com;,?,ss~,~ E.r:~CS i.;ar 6. 197a
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Thls Instrument Was Prepared By;
. ~~~i~~CS_r C, R. McDONAlO, JR., AHorny U R 1~ 523
~i Cifi:~et F~d~.~l 3uiidinq 800K
~ f?. rir?t~. Florid~ 334~0
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