HomeMy WebLinkAbout2915 ' and shall per~orm, comply u~il{~ ared abide by each and e~~ery the ag?eemerifs, attpeelafloiu, condiftons aru~
. ~ rnuenanfs fl~ereo~, anc~ o~ f~is morfgage, lhen t~is morfgage an~ ttie ealate I~Proby crraf~, a{~o~~ cease, de-
lermine an~ ~ie nut~ anc~ voicl.
I 7NNL Ij~e mo~tgago~ {~ereby (urfl~er covenarita and agrees to pay promptly when due Ihe principal and
Inleresf and of/~er sunu o~ money provr~~ ~or tn aaitl nofe ant~ thts mortgage, or eifher; to pay a~~ and
sJngu~ar fhe faxes, asspssmenfs, ~ei~les, JlaF~ililtes, o6~igattons, n~d encumbr+uncc?s oj every nal~ur o~ aaid pro-
perfy: to permtl. commi! or su~Je~ no wasle, impairment or c~eteriorafion oJ aaid land or !he tmprovemenls
t/~P?ron af any fimp; to ~PPp IIIP hui~c~ings no o~ tiereaJter on .Qid lond Ju~~y insurc+c~ in a sum ol nof lesa
tl~an TSN THOUSAND ($10, 000.00~ Dollals
~ in a company or rnmpanies ~ccepla6le to the mortaagee, Ihe po~icy or po~icies to be held 6y. ancl pnyab~e
to, sai~ morfga~ee, an~ tn t{~~ e~~en~ any sum o) money becomea payo~~e by v1Hue of such insumnce the
i mo?fgagc~e sl~all haae Ihe right to receive and apply tl~e same to the indebtedness hereby tecured, ncrounltng
fo ttie moriga~or for nny surp~iu; fo pay ol~ costs, c~arges, and expenses, inc~uding lawyer~ feet and flt~e
searc~es. ?easonably incamed or paid by the mo?fgagee berause of ttia lai~w+e of t{~e moMgngor fo prompf~y
anc~ (ully comply with the agreemenfs, sfipu~aftons, rnRCjilioria and covenenls o/ soid note nnd ikis mortgage,
~t or eiltier; to per~orm, ~o,~Ply «•~i1~ and abide by each and enery tlte agreemenfs, stipu~atioru, condifto?u arte~
conenanfs set forf~ in salc~ nofe and this mortgage or either. ~n ttie euent !he mortgago~ jails to pay wl~en
dua any tax, assessmpnt, insumnce premium or other sum oj money pnyable 6y ~trtue oj said note nnd thia
~ mwfgage, or eifher, t~~p mortgagee may pay /he same, wifhouf wataing or ajjecting f~e optton io ~orec~ose
or any other rigl~t hereunde~, and all such paymenls ahall 6ear interest ~roet date tl?ereoj at the ?~ighest Iam-
+ (u1 ratp Il~pn a[lou~ed by Ihe laws oJ 1he State oj Flortda.
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;i any sum of mor~ey /~erein re(erred !o be not prompf~y paic~ urilhin 30 tlaya next u~ter
~I Ihe same hecomes c~ue, or i~ eac~ and ei~ery the agreementa, slipulalions, conditions anc~ couenants oJ sald
~j note uncl fl~is mortga9r, or eithpr, are not ~ully perJormed, oomplied witl? nnd a6~ded 6y, then the entire
sum menlioned in said note, and this mortgage, or t1~e entir+e 6a~artoe unpaid theneon, shall /ortl~wtt~ or
I?~ereajter, ut Ihe option o~ tl~e mo?fgagee. 6ecome and ba d~ and ixiyabi~, anpthing tn aaid note or heretn
~ fo Ihe conlrcen+ nolwilhstan~ing. ~ai~ure ~iy the mortgagee to exencise any of the rtghfs or opHont ~eseire
~ ptot~ic~~ s~all nol conslifute a wairpr of any rig~ils or opfions u~t~er saicl note or thia rnottgage ncc?uet~ or
f~erea~f~r accruin~.
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~j ~n ~~LII~ ~~Di~ Ihe saic~ morlqagor l~as hp?run~o signecl ared scwled tleese presents the
clay an<< year rirsf a~onp u~rittpn.
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E!~ SIg/1P~. S AA QPI11~PfPd IR P~SPIlfP 0I: ~
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f' T. L. Sloan ~p
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STATE OF FLORIDA, ~
Cnt NTY nF S T. LUCI E ,
I HBREBY CERTIFY that on t6is day. bcforr mc, se
offic~r duly authorized in 1he Stat~ aforesaid and in the County aforesaid to take ackaowlydgments. penona!!y appeared
~ T. L. SLOAN
1, to m.~ known to br the pcnon d~xribed in and who exeruted the forrgoin4 instrument and he acknowkd~ed
befor~ me that he exccuted the same.
H'IT~iESS my hand and o(firial seal in th~• C:ounty and Statc last aforrsaid thu 3O~ day o(
September q. p. 19 7~..
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=`~°••'~~j ~r~ - F lfD AM~ RECOitOE~ Not~ry PubGt. Stste of flai~+ d L~N
~ ti' T'1! o':~ s IUCIE CAUNTY fLA. 1y~ (ommissio~ Er~irss Sep~• 7. 19~5 f
'r ; p4~+fR POITRAS ` f
T ` fe~a~'_ 1, -s.. ~_nv~~i G.
~ : . CIERK CIRCUI? C~R
' ~ v ' ' RECORO VERIFIEC~
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' ~ ' SEr 30 11 s9
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