HomeMy WebLinkAbout1013 and shnll prr~orm, romply wilh and a6ide 6y each and ei~ery the agreements, ~flpulnttoris, rnnditions ar~d
covenants thereo/, and o/ this mo?tpaAe. Il~en thls morfgagP and tl~e estate h..~by created. :hall ceass, d~-
termine an~ ~ nu« an~ iwic~.
~ the mortgagor hereby (urther covenants and ogrees to pay promptlr when due Ihs principal and
interes! and olher sums of money provided Jor tn saicj nole and t~ta morlgngs. or eittiK: to pay a~~ nnd
st~gu~ar Ihe taxes, assessmenfs, IPVIPS, ~labi~ities, o6~igafions, and encum6~n~ces of every naluro on satd pro-
perfy: to pe?mit, rnmmit or su(le~ no u~aate, impnirment o~ deteriornlion o~ said Iand or fhe improvemenb
tl~preon at nnv time: to k~P the buildings nou~ or hereaf te~ on ~uid land JuIIy instue~I i~ a sum o/ nof lesa
than
in a eompany or companies accepia6le tn Ihe mortgagee, the poltc~+ o~ poltcies to 6e held 6y, nnd payn6b
fo, said mortgngee, an~ in IRe event any sum o~ money 6ecomes ~ya6t~ 6y t~irtue oj aueh insurnnce t~t
mortgagee shall have the r~gkt to recetve and npply Ihe same to the inde6tedness 1?ere6y secured, acrounti?~
fo f~!e morfga~or for any surplus; to pay a~~ costs, c~arges, and expenses. Inc~uding ~nwyera jees anc~ itl~
senrches. reasona6ly incurred o~ ~~d by ~he mortgagee because of the joilure oj ths ~nort9ugor to promptly
and jully comply u?ith the ngreempnls, stipulalions, conditions nnd covenants o( said nole and this mortgags.
or eil{~er; fo per~orm, ro~ply w~th o~d n6~de by each and every !he agreemenb, atipu~ntior~s, rnndiffons a~
covenanls se1 jorth in said note and this mortgage o~ eitl~e~. In tke euent lhe mortgogor ~ails to par when
due any tax, assessment, insura~ce premium o~ of~er sum oj mon~y pnya6le by ~irlue oJ satd nofe and this
n~ortgage, or eilher, t~e morfgagee may paq fhe aame, wit~ouf waiving or af~ecting the opfion to jorec~ost
or a~y ollter rigltl l~ereunder, and all sucl~ payments shall 6ear interest ~rom date tkereo/ at t1~s higF~eat law-
~ul rate IF~en albwed by ~hp Iaws oj the State oj Flo?ida.
~L any sum of monep herein re~e~ed to be not promptly paid witl~in 3~ dayt next af ter
tlte snme 6ecomes dua, or i/ eac?~ und euery tl~e agreements, stipulnttons, conditions and eovennnb o( snid
note and t{~is mortgnge, or either, are not /ully perjoimed, c~omplied wilh and a6~d~d 6y, then !he eniiro
sum menfioned in saia note, anc~ t~is morlgage. or th e entire ba~ance unpnid ther+eon, shnu f
orthwilh or
tl~ereajter, af the option oJ t1~e mortgagee, bec~ome and 6e d~ and ~ya6l~, anrthing in said note or herein
to the contrary notwiihslnnding. Failure 6y Ihe mortgagee to exe~tse any of tke righb or opHons ~e~~ein
provided sha~~ not rnnstifufe a waiver o~ any rights or opfions under said note or il~is mortgage accrued ot
l~ernn~ter accruing.
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~n ~~~Il~ ~~~1~ the saic~ mo~tgagor 6as hereunto signed and ~ealed theie presenb the
cray and year Jirst above u+ritie~.
$igned, sealed and deliuerecl in ihe presence o~:
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STATE OF FLORIDA,
~ cour~rv oF FZorida
~ I HSREBY CERTIFY c6ac on this dar. before me, an
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officer duly authoriud in the State aforcsaid and in the County aforesaid w take acknow~kdgmenb~ penonallr appeared
W. K. Coxe and Doris H. Coxe, his wife and Patrick B. Lally,
~o me known to be the penon S d~scribed in and who acecuted the forcgoins i~utrument and tYl@I/ acknoMrkd~ed
beforc me that they u~ted t6e same: ~
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WI7'NESS my hand and ot6cial ieal in the Couaty and State last afomaid tha ~''Sl~ ,'.•.4~~1'~'S.~.~Q~,t'v ;
~ti~iau~ii;~•t •
June n. D. i9 7 2 . . ~ J ,n i ~
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~ ~ ~'1. ~i:r' ~ ~`~p4 3;
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~ Notary Public, State of Fl~ ~:~t L
r.; My Commaission Expires : 51~. /d ~ 7 't
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~ E~ AM~ '~ECO~i~EO _;::~~1~ '
STtWCt` ;~unj~s~~ C t
n RQ~~~; ~ISit •
~ C`E~~ ~'~;+}?t COURt • . ~
ac~OS ;'~r ~~;EO
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~ t5 _ 9 0o AH'7Z
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~ ~o~ 203 ~ 1013
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~ Il~is I?wrumrn~ prrpa,r,f by: Frank H. Fee , Z I I
~ Add,~r First Federal Bldg. - Fort Pierce, Fla. 33450
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