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HomeMy WebLinkAbout0775 I 3 an~ shall prr(orm, iY~m~~~y u~itti and ~b~d~ Ly ~h u~i~ Poeh t1~e aprnements, rfipulalioni, condilions nnd rnrenanis ~hP?.w~, nud u( 11~is morfyap~, tl~pn this mwi~a~e and tl~e estate 1~Prr6r c?eated, al~all crw~, ds- ~ IP/QIIIIP f111~ GP nut~ an~~ i~oi~. .~!hP murfga~~w tirn•~y ~urltie~ covenanls anc~ ag?pes to pay ?uort~pl~y u~~en due the p?incipal und infern:l and olhnr sums o~ m!~ney p?~o~~irlec~ (or i~ sai~ nofe and this ~no?tgage, or eifhsr; to pay a~~ nnd si~i~ul~r Il~e t~x~s, ass~sso~~nts, IPVIPt, liabi 1ii~s; obligatiu~~s, nnd enrum6rnncrs of e~~ery nature on said pro- pe?ly: fo prrmi~. c•ommif or sujj~? no u~asfp, impairmenf or ~eferiorotion o~ sai~ ~nnd o• the improveme~lt IIIPh't•n a1 ~r~y ~im~; to ~PPn ~hP 6uiGlings nuu? or hpre~jler on aaid land ~ully ins~ur~ !n a aum o~ nol Iess ftian in a~•om{~any or ~-om~ia~eies an•~pfa~,[e to I~p mortgaflc~. Itie po~icy o~ po~icies fo tie he~ej tiy. uncj paya6~e fo, saie~ morl{~ng~. an~ in I~e rvenf any surrt o~ money ~ecomes ~,ya6l~ 6y virlue oj tucti inaurance ttie ereortqaye~e ahall ha~~e Ihe ~igF~t lo receii~ and apply the sante to tl~e inde6tedness hereby secu?ed, aceounfing fo ihe mortgancu for any sterplus: lo pay a~~ costs, c•~argPS, and PJCPP1ltPi, including ~awyers ~ees an~ tif~e seon~~PS, rrosuna~~~y enc~~rrn~~ or pai~ hy fhP morfgagee tiecause o~ fhe ~aiturP oJ fhe mortgagor !o prompllr an~ ~u~~v comp~y u~ilti Itie agr~mrnls, sfipu~ations, concritions an~ coi~enanis o~ snid note an~ l~is mo?lgnge. or eif{~p~: to perlorm, romply u~itH and u6ide 6y eo~l~ anc~ Pi~Pry I?!P agreements, sfipu~afions, concrifions antr cot~vnants spf forlh in said note and fl?is mortgage or either. In the rnent Ihe mortgagor ~ails to pay u~l~en d~ie any Ia.r. assessmpnf, insurancc~ premium or other sum o~ money payab~ ~y ni?fue o~ soic~ nole ant~ ttiis mo~tgagp. o? Fii~~er. I~e morfgage~e mny puy f~e same, u~iltiouf u~aiving or ajfecling fhe option to ~orpclose or any oll~er ric~ht I~e?PUnder, n?id aII sucl~ paymenls sJ~aII 6par intprpsf jrom dnte fhereo~ af tl~e highest ~aw- ~III ~AIP I~P71 QII0ll~6ll ~V /~P IOIt~S O' t~P S~~IP O~ I'IOtl~a. lL any sum o~ mon~v hPrein re(errr~ lo ~ not prompt~y paic~ u~it~in thirty ~{Qy~ next u(ler thP samP 6a-omPS due, or iJ eacl~ and Prery ll~e agrePmrr~fs. stipulations, condilions and eovenanls o/ said note and this morfga~~e, or eithpr, are nol fully per)ormed, complin~l wille nnd a6idecl by, then tl~e entire sum mentioncKl in said notP. and this morlgnge, or fhe enlirn 6~~ance unpnid tf~ereon, al~all foHhu~itli or l~erpaffer, uf fti~ option oj f~~ mo?tgagee, become an~ ~e due and pnya6le. anytl~in~ in said nofe or tierein to ftip conlr~ary notu~ilhstanding. Failurp {~y fhe morlflagee to e.rercise any o~ ttie rigtifs or options he?ein prorie~vc~ sha~~ not constilule a u•ai~~er o~ any rigtifs or opfions tu~~pr sni~ ~ofp or f~is mortgage accruet~ or ftiprPajlpr arcruin~. ~n ~itne~s ~~`a`~`~ Ihe sai~ morfgagor ~~os hP?punto signec~ and sPalecl 1{~ese presenls ftie •~a~ an~ yc~ar Jirsf A~OI'P u~ritlen. SiQ?IP~. SPq~~ QII~ ~P~II' !P(1 III ~hP ~MSPIICP O': ~ . _ .W~.. - -t L ~ . ~ ~ ' f • . ,C_~ ~ - , f ~ - - _ . .~1~.~..r..~..L- ......)~t-~2~~- - . - . _ . . - - _ - ~ ~ ' . . . _ . . - - . . - . ...1'~1 _ _ _ . _ . _ _ . _ - _ _ . _ - - - - ~ ~ ~ ~ ~ ~ ~ ! ST4TE OF FLORID4, ~ COi'~Tl' OF ST. LUCIE ~ I EiEREBY CERTIFY that on this dar, betore me, an o(fi~er duh• author:~~d in th~ Stat~ a(oresaid and in th~ Count.• afor~said to takr ack~owledqm~nts, prnonally appearrd ALBERT MERKLE and CLEORA H. MERKLE, his wife, ~ to mr known to kx th~ pt~norg d~scribrd in and who eaecuted th~ for~¢oinq instrument and ~Q ,at~le~Rt~ - b~(on- m~ that they ~xccuted the same. 1~'il \ESS mv hand arxl o(f~~ial sral in thr (:ounh~ and Stat~• last a(or~said this ~`~ay :o?{ ! J tl l]/ A. D. 19 j ' ' : ~ - - . ~ ~ 21 ~ _ - . " ' ` . $ 2899 .-t;~ . : ~ ~ i : . ~ . i ~~~E~ aN~ ~~~R~E~ . . . - '~-~r ~ ~ 1 „ . ST. ~UCIE C~UNTT FLA. ~ ~ ~ : ~ . i9: . ~ ~ ~ R~GE~ r01TRA5 t G : . " . _ . ClEAK G~CUIT COURT i,~~J..~ ~'~.:~~rr.=~, A. ~~c;,:ii.KURSi7~ ~ RECOkD YE°•'=1ED.~,~~ ( ~ s~~ ~ J~ 17 2 2o PM'7 I ~ ~ ~ ~ ~ ~ ~ ~ !ltis I~uln~in~nl Prrf?r»r'~/ by: ~ ~ ~~i~~~n~ ThFS Inst?ument Was PreparedY6y: 6QQr ~ C. R. McDOPlALD, JR., Atforn• ( ~ Citii~~a F~d~ral Build%nq H. Piorc~, Flo~ids 33550 ! k ~ s _ _ . . . - . . . . _ . ~ .