HomeMy WebLinkAbout1434 and sl~all ~~e~~orm, comply with and abide by each and e~~ery the agreements, stipula~ions, condi~ions and i
covenants therPO~, and o/ etiis ?nortgage, then Ihls mo?tgage and the estate I~p~6y created, sl~ull cease, de-
tPrmi?te antl Ge nu~~ an~ ~~oit~.
7i1fA f~p morfgaQor her~rby ~urthe~ coi~enants ancl ag?eee to puy promplly wl~en due the principn! and
inlernsf and ofher sums o~ money provfdec~ ~or in aaid note and ftits mo?fgage, o~ titRe~; to pay n~~ and
sin~ular !he laxes, assessmenls, levte~, liabilities, o6lieations, ond encumbronce3 oj every nnture on aaicl pro-
perly; fo permil, commit or suf~e~ no wasle, impairmen! or deferiorafion o~ said bnd or fhe improvemenlr
thp?eon ot any Iime: to kPpP thP 6uildin~s now o~ hernaJter on snid Iand JuIIy iresu~d i~ a sum o/ not les~
thon
i?e a comp4ny or mmpanips uccepfaF~Ie fo f~e mo?fgagee, the po~icy or po~icies fo be ~e~ by, arte~ payab~e
to. said morlga~ee, and in 1he eaen! any sum o~ mon~y becomes r,ayabl~ by t~irleee o/ sucl~ insurnnce the
mortga~Pe sha~l hai~e Ihe right to receii~e anc~ upply ~6e sanee to tl~e inde6tedness I~t+reby secured, accounfing
to I~ie mortganor (or any surplus; fo pay u~~ cosls. ctiarges, ond expenaes, inc~uding ~au?yer s jees and tit~e
searc~PS, rPasona~ly increrre~/ or paicr 6y tl~e mortgagee bernwe oj ttie fai~ure o~ ftie morfgagor to prompt~y
ar+d fei~~y cor»p~y u~ilti fhe nc~rpe?ne?~Is, sfipu~nlions, condilions and covenanfs oJ said note und Il~is mortgnge,
or Pith~r; fo per~orm, comply u~ith aRr1 abide by ear{~ and e~~ery Ihe agreements. stipulnfions, conc~ilions nnt~
corennnls set forlh in said note o~d this morlgage or either. fn tke event fl~e n~ortgagor ~ails !o pay when
due any tax, assessmpnt, insurance premium or other sum oJ money paya6le 6y virtue oj snid note and tl?is
mo?fga{~e, or eiltier, fhe mo~tgagee ~.,~,y ~y Itie same, u~if{~oul waiving or af~ecting f~e option to ~orec~ose
or anv oltier ripht I~prPUnder, and aIl sa~ch paymenls sl~all bpnr intprest (rom date thereo~ at the higl~est law-
~uI mf~ Il~rii a~~ou~ed 1~y tl~P in~ns of t~~e State o~ Florida.
ll uny sum of money {~erein rv(e?re~ to be not prompl~y paic~ wi[hin thirty days next ajter
1{~p same b~com~s due, or i j each ~nd ei~ery t?~e agreements, stipulations, conditions and covennnls o/ snid
note ond f6is mortgagF, o? ~il?ier, are not fully perform~l, c~mplied tuith and a6idec~ by, then the entire
sum mentioned in said note, anct this mortgage, or tlte entire balance unpaicl tleereon, a~a~l forfl~wifl~ w
Il1PTPd(tPr, ut thc• op(ion o/ the morlc~agee, become and be due and papn6le, anyll~ing in soid note or I~erein
to itin ~onfmry nolu~ifl~standin{~. Failure by tlee morlgagee /o exemise any o~ ttie rights or optQons ~er~eln
pm~~i~NC~ slia~~ nof conslelr~lP Q IPqt~'Pl O~ any ~ig~ls or options une~er saic~ nole or this morfgage accruet~ or
/~er~~~frr o~c•ruing.
~n ~itness ~hereof~ !?ie said mortqagor has harpunto signecl and sealecl Ihese presents fhe
~ay anr~ yra~ (irsl n~~o~~P u~ritlPn.
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STATE UF FLORID.~, ~
Cc~t'`TY c~F St. Lucie
I NEREBY CERTIFV that on this day, be(ore me~ an
of(i~er duh• authori~ed in the Stat~ aforesaid and in th~ County aforesaid to tak~ acknowledqm~~ts~ prnonaUy appeared
Howard T. Young and Emma M. Young, his wife and Roland J. Garwood
and Joyce C. Gar~vood,~ his wife
to mc known to bc th~ ~rson descnbed in and who fXCfUI!'d the for~¢oing instrum~nt and they a~knowkdRed
beforr mr that tI'le~/ ~x~cut~d the same.
~~~[TXF.SS my hand and official ual in th~ County and Swt~• last afor~said this 23rd. day oI
~ February a. D. 19 ?1
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; ~~l~ j~ ~ My Co~~....sswn E~~~+es ;riay 1~_ .:13 /
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~~P~ f1Lf0 R?~t` REC7ROED E
A ; st. ~~c~E :OUNtr flA. ~
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CIEFK C:~CU1T COURT (
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