HomeMy WebLinkAbout1338 and shall per/orm, con~ply tcith u?ul al,ule by epch au! cuery N~e u~;?~e~nents, stipulaftons, conclitions and
c~ouenants thereof, and oj this mo~t~;a~e, then this mort~;a~;e u~u! ~l~e estate herel,y creoted, sl~all cease, cle-
t~rmine a?ul Ge null and vok~.
~ tl~e rriortgagor hereby fu~ehe~ covenants a~u! agrees to pay NromptJy when due the principal ond
~ intenest and other sums of money provulecl for fn sarcl rwte and tlits mort~age. or elther: to ~wy oll and
srngula~ the tazes, as~essments, levFes, lFabilities, obligatla~s, a~ul encumGrunces af euer~ nature on said prop-
srty; to ~ermFt, eommit or suger no uaste, im~wtrn~ent or deterloration of soid lanct or the im~rovements
theseon ot any time; to keep the buik/ings now or hereafter on said lurul fuily insured in a sum of not less
than
in a oompany or com~wnies acceNtable to the mortgagee, the poJicy or policies to be hek! by, and jwyable
to, said mortgagee, and in ihe event any sum of money 6ecomes payalile by virtue of such insurance t~e
mortgagee sliall have the right to receive and apN1y the same to the i?utebiedness hereby seeured, accounting
to the mortgagor for any surplus; fo pay all costs, charges, aruJ expenses, incleuling lawyers fees and title
searches, feasonably incurre~l or paid by the mortgagee Lecau.re of ~he foilure of ihe mortgagar to ~rom~tly
and fully camply u;ith the agreeme»ts, stijndations, co~ulitio~u arul couenants of saicl note ancl this mortgage,
or either; to perform, comply with and abide by each a?ul eoery fhe agreements, stipulations, conditions and
covenants set forth in said note anct this mortga~e or eitlter. In the euent the mortgagor fails to pay when
due ony tax, assessment, insurance premium ar other sum of money payaGle by virtue of sajd note and ihu
mortgage, or either, the mortgagee may ~ay ihe same, without u;aining or a~ecting ihe option to forecJose
or any other right hereunder, and aU such payments shaU beQr interest from date thereof at ihe hi~hest latv-
fuI rate ihen aUoued Gy ihe laws of the Siate of Florida.
any sum of money herein refe?red to be not promptly paid wiihin thirty days next ofter
the same becomes due, or if each and euery the agreements, stipulations, corulitions and cover~onts of sa&1
note anrl this mortga~e, or eitlisr, are not fuUy performed, complied u;ith and al~ided by, then the entire
se~m mentioned in said note, and this mortgage, o~ ihe entire lwlance un~wirl thereon, shail forthwith or
thereafter, at the optron of the mortgagee, become and he due and ynyolile, anything in said note or herein
to the contrary notwithstaruling. Fa~lure by the mortgagee to exercise any of tl~e rights or opiions herein
provuled shall not constitute a uair,er of any rights or options under said note or thu mortgnge occrued or
? thereafter accruing.
~n ~I~~l~ ihe said mortgagor has hereunto signed anct seaied these presents the
day and year first aliove icritten.
Signec~, sealed and delivered in ihe presence of:
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STATE OF F'I.ORIDA, ~
COUNIY OF St. Lucie
I HEREBY CERTIFY that on this day, before me, aa
o6cer duly authorizecl in the State aforesaid ancl in the County aforestid to take aelmowledgmentc, personally appeared
William E. b Margaret [~1. Grace, husband d. wife, and James A. Grace
to nx• k~xi~cn to Ix~ tM• pr~ing diKrrilk~l in aocl ~cM~ ruY•utrd flw• fnmt;c~inK ia~tnu~x~nt :?~Hl they :~~•kno~vleclged
I~etore ux~ thac they euY•ut~~cl tlk• >:u~K•.
WIT\F.tiS my hand :md n(6cial u•:tl in the Co~uity and titatt~ Iact afon~aid thic 14th tLay of
April A. u. ?a 72
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F~~EO ANe RECa~oEo _
St. WClE_C~UNTY FLA. ~~~'~sU~ ~A~ 0~
ROGEr. i'irITRAS ~~~r~r~ c~ris3 a~i1,,..~~
~ CLERK Ct3CU1? COURT p~
RErpp~ VEQ'ftEO
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