HomeMy WebLinkAbout1077 and shall per(orm, comply wilh and a6idR 6y ~ch and every tl~e ogreements, at~pulntio?is, conditions and
conenanti ~he~eoJ, and oJ Ihis mort~a~e, then this mortpage nnd the estate i~e?e6y create~l, shall cease, de- ;
termine and be null and noid.
~ thp mortga~o~ hen~6y jurlher covenants and agrees to pny promptly wken due ihe principul and
inferesl and ofher sums oJ money provic~ec~ ~o~ in saitj note and ftib morfgage, or eilf~sr; ta pay a~~ and •
tingu~nr !he fa.rps, assessmenls, ~evies, ~iabt~ifies, ob~igattons, nnd encum6mncea o~ euery nalure on aoid pro-
perty; to pe~mit, commit or sujfer no wa:te, impairmertf o~ deteriowtion o~ anid ~and or the improvemenb i
fherrcn at any lime: to Ireep the buildings now or he?fw(ta~ on ~a~d lo~d Jully insw~ed in a sum o/ not lesa ~
il~an the highest insurable value thereof
in a company or companies nccrpla6le io Ihe mortgngee. Ihe policy or po~tcies to 6e held by, and ~yabb
to, said morfgage.e, an~ i~ fhe? evenf any sum o~ money becomes paya6le 6y vt~lue oj suc~ insurance !~e t
1RO~9a9PP S~OII ~al~B f{~e right fo receii~e and apply Il~e iame fo the inde6tedness f?e?e6y secured, acrnunfing ~
to t~e morfga~o? ~or any surp~us: to pay a~~ cosls, c{~a?ges, and ezpenses, inclue~ing ~awyer's fees ane~ fil~e ~
searches, reasona6ly incurr~l or puid 6y tf~e mortgagee 6ecause oJ fhe /ailure o/ Ihe mortgagor to promptly
nnd Ju~~y comp~y with f~e agreem.enls, stipu~alions, co~~itions and covenanfs o/ aaicl ~ote nnd il~is mortgage, ~
or eilher: to perJorm, comply with and a6ide 6y each und euery the agreements, stipulations, condifions and
covenants sel jortl~ in said note and this mortgnge or either. ln the event tl~e mortgagor (ails to pay when
due any tax, assessment, insurance piemium or otl~e~ sum o( money payab~e by virtue of said nofe and ll~is ~
mortgage, o~ eit~er, fhe mortgagee may pay tl~e same, without waiving or u~~ecting fhe optton fo (orec~ose
w any olher ?igl~t hereunder, nnd all such pay~nents sl~all 6ear inlerest from dnte ll~ereoj af the highest law-
~ul rate Ihe~ allowecl 6y the laws oJ the State o) Florida.
~L any sum of money I~erein re(erred to be no! promptly paid within 1~ c~ays next n(ter
the same 6ecomes due, or i~ each and euery tF~e ngreements, stipulations, eonditions nnd cavenanls o( said
note and tF~is mort9age, or eiel~er, are not jully perjormed, rnmplied will~ and a6~ded 6y, then the entiro
:um meniioned in said note, and IF~is mortgage, or tl~e enii~e balance unpaid tl~ereon, sl?a!I )orthwitl~ or
therenjter, at the oplion o~ the mortgngee, become and be due and payable, nnything in aaid note or 6erein
to I~e contrary notwithslanding. Failurp 6y the mortgngee to exercise any of t~e rig~ts or optiona ~erein
provided sha~~ nof constitufe a waiver o~ any rig~fs or options under snid note or f~is mortgage acrn~ed or
f~erea~ter accruing.
~n ~~LII~ ~~Ol~ t1~e said mortgagor hns F~ereunto signecl and sealed these presents ihe
day anc~ year ~irst a6o~~e wriffen.
Signecl, sea~ed nnd deli~ered in Ihe presence o/:
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STATE OF FLORIDA, ~
cour~-r~r ~F ST. LUCIE
~ I HEREBY CERT'IFY ehat on this day~ betore me~ an
of(icer duly authorized in the Sute a(orcsaid and in the County a[orcsaid to take acknowledgmentt~ penonally appeared
Victor E. Demorest and Ruth K. ~emorest, his wife,
~o me known to be the penons described in and who executed the for~going instrument and t~ey acknowkd~ed ~
beforr me that they ~x~uted the sama ~
~+V1TI~SESS my hand and official seal in the County and Sute last aforesaid this /D~ dar of }
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March A. D. 19 72 !
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