HomeMy WebLinkAbout2721 and shall Ner/orm, Gormply with antt abide iiy each and eucry t1~e u~;reen~ents, stipu?atioru, conditions and
covenants thereof, ond of ihts mortga~e, ihen this mort~;a~;e arui the estate i+ereby c?eated, shalt ccasa, c~e-
itrmine and be nuU and noid.
~ tha mortgagoa hereby further cover.onts arul agrees to pay promptly when due the prtncipol and
interest and other sums of money pronided Jor in said note and tliis mortgage, or either; to poy all and
stnguiar the tazes, assessrnents, leuies, liabi~tties, obligutions, and encumbrances of every noture on satd proN-
erty; to permit, eommit or suBer no uaste, impairment or deterioration of said land or the improvements
ihereon at any time; to keeN the buildings now or hereaf
ter on said land f
ully iruured in a sum of not less
than Thirty-Three Thousand and No/100
in a eompany or onmpantes aeceptahle to the mortgagee, the poltcy or policies to be held by, and payable
to, said mortgagee, and in the event any sum of money Gecomes payable by virtue of such insurance the .
mortgogee shall have the right to receive and opNly the sume to the indebtedness hereby secured, eccounting
to the mortgagor for any surplus; to poy all costs, charges, and ex~enses, including lowyers fees and title
searehes, reasonably tncurred or paid by the mortgages laec~uuse of the faiTure of the mortgagor to promptly
and fuUy comply with the ogreements, stipulations, conditions and covenonts of soid note and ihis mortgage,
ot etther, to per/orm, comply wtth and abide by each arul every the agreements, stipulations, condttions and
covenants set forth in said note ond this mortga~e or either. In the euent the mortgagor fails to puy ta;tz~r~
due any tox, assessment, insurance pr~emium or other sum of money pay~lile by virh~e of said note and this
mortgage, or either~ the mortgagee may pay ihe same, without u:afving or a~ecting the option to foreelose
or any other right hereunder, and aU such payments shall bear interest from date tl:ereof at fhe hi1;hest law-
ful rote then oAowed by tl~e lawa of the Stute of Florida.
ony sum of money herein referred to be not promptly paid within 30 days next ofter
the same becomes due, or if eaeh and enery the agreements, stipulotions, conditions and conenants of said
note and this mortgage, or either, are not fuUy performed, eomplied with and abided by, then the entire
sum mentioned in said note, and this mortgage, or the entere ~alance unpaid thereon, shall forthwith or
thereafie?, at the option of the mortgagee, become and be due and payafile, anything in said note or herein
to the eontrary notuithstanding. Failure by the mortgagee to exercise any of the rights or opNons herein
prooided shali not constitute a u;aioer of any rights or options under said note or this mortgage accrued or
thereafter accruing.
~~1~[ROI~ the said mortgagor has hereunto signed and sealed these pnesents the
duy and yr:ar ~rst obooe icritten.
Signe~seaied and deiiver in the presence of:
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~ STATE OF FLORIDA.
CovNTY oF St. Lucie ~
1 HEREBY CERTIFY that on this day, before me, an
o~cer duly authorized in the State aforesaid and in the County aforesaid bo take aclrnowledgments, personallY appeared
Clarence T. Gibson and Marion L. Gibson, his wife
to me k~x?~~•n to I~e the• ix~rG~n 8~k~scriFxYl in .~nel ~~•Ix~ exec•utrd Ihe fon~~;nin~t inctninx~nt and ~'iC}I arkno~rlecl~ed
befom me that ~Cy ~•~~rut~~cl tlx• .anK•.
WIT\EtiS ~ny h:uxl and o(ficial se•:d in tn~• ('anmty and State 1 afomsaid this 26~1. clay of
May u. ~y 72.
' ~1~C. Ce~~ L'~ 6 ~e,'~
w NOTARV FUSttC STATF OF FlORlDA AT LARGE
~ .dY CO:.::.1tS53ufV ~XPIRES fr`OY. 12, 1978
~iEivtliAl Itr~ulte+~VGE U~~Utr~tr~v~tKS,
fi~eo ~?k; RECORDEO
_ _ =T. IUCIE COUN7Y FLA.
tl," , ROCEi? ~~ITRAS
~ ~ CLERK CI~GUIt COURT r„~G
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