HomeMy WebLinkAbout2723 and shall ~~er/orm, compiy icit)i uru! uGidr b~ ~•uc•h u~~d e•crry tl~e u~re•~~uicnts, stipulutior~.s, co~ulitioiu and
cocenants N~ereo/, a~ul o( this inort~u~;e, Ihen this morth~~~e und tlic~ e'SIG~C l~ercl~t~ creuted, sAa11 cease, de-
termine an~i Ge nu1! and void.
~ the mortga{;or hereby Jurtiier couenants a?iil a~;rees to ~~u~ ~~m~n~itly «:hen due t1~e principal a?ul
inierest nrut other sun~s of moneJ ~?rouuled Jor in said rwte arul t)~is mort~;age, or either; to Nai/ oIl and
singular the tnxes, assessrnenfs, /ecies, lwbilities, obli~;utio~?s, und enc-~~u~l~runces o~ e~ery ~uiture on saul prop-
erty; to pennit, e.omn:it or sueer no iccule, impairmei~t or tlClCriprati0?i O~ said laru! or i1~e improcements
thereon ut any time: to keeN the l,uil~/in~;s no~c or hereu/ter on suul land /ulG/ i~u~ircd in a sum o/ not less
than
in a comjwny or com~wnies acce~~taLle to the mort~;a~ee, tl~e ~~olicy or ~~oGcies to l~e 1~eld l~y, a~ul ~wyable
to, said mortga~;ee, nn~l in the ecent any s~~n~ o/ maney l,econ?es jxiyaGle by uirte~c o/ such i~u~irance the
mortgugee shalt ha~>e the ri~;ht to rec~eive mu1 oppiy the same to t1~e indebtedriess I~ereGy secured, accounting
to the a~ortga~;or for ani~ surp?i~.s; to ~wy ull costs, chur~;es, a~ul ex~~e~ues, includen~; fu~cyer's fees arul title
searches, ieasonaGly incarred or jwid by tl~e inort~a~ee l~ecQ~~se of tl+e failure of N~e mortga~or to promptly
and fully comply u;ith tlie agreen~ents, sti~nJatiu~u, co?ulitio~u aru! cocennnts of suui iwte ancl this mortgage,
or eiN~er; to perfor?n, comply icitl~ a~ul a6ule by each a?~d ecen/ tlie agreements, sti~n~latio?u, coiulitio~u ancl
coverwnts set forth in saul note nrul d~is mort~a~;e or eid~cr. In the eucnt the mortgagor fnils to pay uhen
~lue any tax, assessment, insurnnce premium or other sun~ of moneJ ~xiyable by uirtue of said note mul this
mortga~e, or eitlier, the mortga~;ee may Jwy tlie san~e, ~~~t/~out uaiuin~; or a~ecting t1~e option to foreclose
or any od~er rihht l~ereuruler, anci all sucl~ ~xiyments sl~aU 6ear interest froni date tl~ereof at the hi~hest la~c-
ful rate ihen allou;ed Gy ihe laws of the Siate of Floricla.
~l an~ sum of money herein re%rred to be not prompN~ ~xiul uithin thirty ~ys ~ter
the same becomes due, or if each and every d~e agreements, stipulatioru, conditions arul covenants of saici
note arul this mort~;a~;e, or either, are not fulltJ ~erformerl, consplied icetl~ and a%ided by, ihen the entire
s~un mentionetl in saul note, a?ui this mort~age, or the entire balance un~wul thereon, shal! forthwith or
ihereofter, nt f1~e option o~ N~e mortgagee, 6ecome and be due arul Jwyable, a~iything in said note or )~erein
to the contran/ notuid~staruling. Failure by the mort~o~;ee to exercise any of N~e rights or options herein
prouule~l shall not constitute a u•aiuer of ony rights or optio?u under sau! note or this mortgage accnied or
thereafter accruing.
~n ~~Of
~ the said mort ;a;~or has l~ereunto si~;ned a~ul sealed these presenis the
day a~ul year first aboue icritten.
Sigoed, sealed and clelioere
l, in the presence of:
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~ STATE O~ FLORIDA, ~
~ Cov~'tY oF St. Lucie
~ I HEREBY CER7IFY that un this day, before ~~e, an
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~ of6cer duly authnriud in tM~ State aforesaid and in the County aforesaid to tal:e ackrwa~ledgrnents, personaliy appeared
~
~ Philip Pearl and Blanche V. Pearl, his wife and Gary L. Pearl and Barbara
~ G. Pearl his ~wife
~ to n~ k~Mi~cn to Ix• t}x• {x~rsong d~•scrilxYl in an~l ~~In~ ~•~i~tidi•d IlK• for~•t;uiut in.tru~ne•nt and they .~cktw~~•ledAed
~ Ixdore ux• tlwat they ~•~iY~iiteyl Ihr .:unt'-
~ ~~'IT\EtiS m}• hand aud uf(iei.tl u:d in U~~• Counh :~nd titate~ l:iet :dur~~~:ud i}~i~ 29th day of
~ March:~. u. i~~ 72
~ ~
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_ i~~~C1E COUMIY ~LA. ~ b" 7 3
110CER POIMAt ~ .
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