HomeMy WebLinkAbout1262 an~{ shall pe~(orm, comply u~ith and nbtds 6y ewch and ei~ery ths agreaments, iflpulatlon~, condilio~a und
c~ovenants Itienw~, and o( Ihts morfgnge, then !hu mo?teape ond fhe estate {~e?e6y cnated, shall ceas~, dt-
fprmine an~ be null an~I volc~.
Ti1Ni I~s mwtgaflor hen+by (uH~e~ covenunit and agnes to pay promptly wl~on dw !h~ prlnctpal nnd
tnfMrst and olher sums o~ money provic~ed ~or in aatd note and fhis morfguge, or elfl~er: to pay a~~ nnd
sin{~u~ar Ihe IAXPl, assessments, Ie~iea, ~iahJ~ifies, o6~igalions, and encum6r~nnce! o/ ev~y nafun on sotd pro-
perly: to permil, commit or au~(er no wasfe, Impatrment or dete?torntton o~ aai~ ~ond or the impwvemenl~
the?ron al any time; to ~PPP I/~P buildinfle nou~ or herpajfer on said land (ullr insured in a sum o) no! lesa
Itiun
in o ~ompany o~ companie~ accrptati~e to f~~e morfgagee. !he poltcy o~ po~tcies !o be held 6y, nnd pom6l.
fo, sald mortAa~tee, an~ in Ike euent any sum o~ money 6ecomes ~ya6[~ by virtue o~ iucti tnrtuance f~e
IIlO?I9A~PP shall {~anr !{~e ~ight fo rPCeli~e and apply tl~e ~ume to Ihe indebtedness hereby securecl, uccounfin~
to fhe mortganw ~or any surplus; lo pay a~~ costs. ctinrpes, and expenses, inc~uding ~awyer
i(ees anc~ ttt~
aearchpa, rpasonably incumetl or paicr by the mortgagee 6ecauss o~ the (ui~ure o~ fhe mo?tgngor fo prompflr
and (u~~y cor~p~y u?ith tl~e a~?p~ments, sfipu~afions, c~ondilioru and covennnla oJ anid noie and Il~li mo?tgage.
or eifher: to pe?~orm, romp~y urilh an~ atii~e tiy each and every t~e ag?eement:, sltpu~ations, condttions nnd
rnrenanls sef ~wfh in aaid note ared lhis morlgage or eilher. ~n Itie svent ftie mortgagor (ai~s to par w/~~n
dus anr fax, assessment, tntttrance premi~im or of{~er sum o~ money pnya6le 6y uirfue o~ aatd note and fhis
morfgape, o~ eifhe~. Iti~ morlgagee~ may pay 1{~e same, wif~ou! woiuing or ajfecfing fhe option to Jorec~ose
w a~p ollipr ~igl~t hprP~~nder. and all sii~•6 payments sl~all 6pnr int~rest from dn~e tl~enof at the I~tghe~l Inw-
(uI mte fl~rn alloived by thP lau•s o( tl~P Slatp oJ Flori~a.
l~ any sum o~ monpy ~ernin rn(P~re~ fo he not prompl~y pait~ within thirty dnys nex! njter
t~e same ~?~rom~s due, or i~ eacti an~I e~~ery II~r agreemenis. slipulutions, eonclifions and rnvenanla oj said
note ond thia mortgage, or pittier, are not /ully pp~ornted, c~mplied witi~ and n6~ded 6y. tlten the entt?e
sum mentionet~ in aaid note, and Il~is mortgage, or ll~e entire balartce unpaid fl~prpon. :hnll fo~l~with o?
ftierpa~l~, at ftic• opfion oj ttie morfgng~e, hrcome an~I be due oncl paya6le, anyltiing in said note or henin
fo fti~ ~onfrary nofu~illisinn~ing. Failure hy ftie morfgagee !o exercise nny o` fhe ~g~is or opfions tierein
proric~vc~ c{~a~~ not conslifulo a u~aiapr o~ any ri~~fs or op~ions under sait~ notv or ftiis morfgnge accruetr or
ihr?~~ jlor accruinq.
1,L ~~NIL,,7 1{?~~`~ the~ sai~ mort,qagor tias tiereunto signed ana sPa~ t~?ese presents th!
c~ay an~ y~ar (irs! ahone u~riffen.
Signe~, sPa1e~ and rlPlinrred in fhe prps~ncv o/:
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~ STATE OF FLORIDA, ~
~ COL'~TY c~F St. Lucie
i HEREBY C:ERTIFY that on this day. betore me~ an
offi~ct duly authoris~d in thc Stat~ aforesaid and in che County afor~uid to ukr acknowkd~mtnts, ptnonally appearcd
~
~ Russell K. Burd ll and Nancy S. Burd, his wife
~ to mc known to b~ thc pcrson$ describrd in and who ~xecut~d th~ for~qoinS instrument and they a~knowkdRed
= bclor~ m~ that they ~x~cuted the same. .
~ H'1T\ES5 my hand and o!(icial seal in t County and Statc last aforesaid this 211d dar o(
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~ P A. D. 19 71 . .
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