HomeMy WebLinkAbout1445 and shnll ~~erforn~, con~pl~~ uitl~ u~ul ul~i~le L~~ e•u~•h unil E~c~~r~ the~ u~;r~~rments, stipulatiaru, corulitio?t,s on~i
couenonts thereaf, aru! of this ruort~;n~;e, tl~en this murt~u;;c und N~e cstnte• herebi~ created, s)ial! cease, de-
termine and be nall and void. ~
~ the mortga~;or 1~ereby further coue~wnts a~ul a~;rces to pay pro?nptty wlien due the prirtci~l and
interest nnd other sunu of mor~~ Juouuled /or in sai~! rwte arul t/~is moN~;age, or eitlier; to pay al~ oral
singular the taxes, assessments, Ieuie.r, linbilifics, obli~;utioru, and encumGrances of e~e?y rwture o,: suul ~~op-
erty; to permit. commit or suBer ?io uaste, irn~xtirnte?tt or deterioration o~ said lu~ul or the iniprovements
thereon ut any time; ro keep the l,uildin~;s noec or hereu/ter on saKl la?ul fully ir~.n~red in a s~un of ~wt less
than
en a comjaany or companies acce~~taLle to t)~e mortga~;ee, the J,olicy or ~~olicies to be held by, uncl payal~le
to, saui mortgagee, mut in the euent ony swm o/ money becanes ~wyaGle Gy vi?tue of sYicli iiuurance N~e
mortgogee shal! have the ri~;ht to receive aut apply the san~e to t)~e i?uleUtedness hereGy securec~, accounting
to the mortgagor for ani~ s~~rplus; to ~ay u?l costs, charges, a?ul exper?ses, includin~ la~cye~'s fees ctrul tide
searches, reasonabty incurred or ~wid Gy the mort~;a~;ee l,ecause of tl~e /ailure of d~e martgagor to prom~tly
antl fulfy comj~ly tcith ihe agreements, sti~nJations, co,ulitio~~s arul couenorus oj saul ,wte aru! this mortgage,
or either; to perjonn, comply with arul al~ule by each o~sd e~:ery the ag~een~ents, stijnilations, conditions and
eooenants set forth in swid note arul this mortgage or either. /n the event the mortgagor foils to }wy uAen
due any tax, assessment, insuronce premium or other sum of money ~nat/aGle by virtue of said note a?ul this
mortgage, or either, the mortgagee muy pay the same, utithout icaiuin~; or o~ecting the option to foreclose
vr any other right hereuruler, a?ui all such pa~ments slial! bear interest from date thereof at ihe hiRhest law-
ful ~ate t?~en allou;ed by the lau:s of ihe State of Florida.
aruJ sum of mone_y hrrein refened to be not promptly paul icithin thirty ~ys Q~~
the same becomes dae, or i/ each and every the agreemerus, stiNu[ations, conditions arui conenants oJ saul
note urul ihis mort~;a~;e, or either, are not fully per~ormed, com~lied uith arul ab&led by, ihen the e~etire
sum mentioned in saic! note, and this mortgage, or the entire lialance ~npaict thereon, shall forthwith or
thereafter, at tl~e o>>tion of tl~e mortgagee, l~ecome and be due arut ~xiyalile, anything in sai~l note o? 1~erein
to the contrary not~cethstandin~. Farlure by the mortgabee to exercise any o/ the rights ar options herein
provided shall not constitute a univer of ony rights or o}~tions uruler saicl note or this mortgage accnred or
tl~ereafter accruing. ~
~11~[~~`~ the soid moitga;;or has hereunto signed arui sealed these presents !he
day arul year firsf aliooe icritten. ~
Signed, sealed and t~eliuered in the presenee of: -
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STATE OF FLORIDA, )
CoUh"rY oF St. Lucie ~
I HEREBY CERTIFY that on this day, beEore me, an
o~cer duly aut}N~rized in tlie Sfate aforesaicl and in the County aforesaid to take acknow~feclgments, perx~nally appearecl
Wayne W. Arnold and Elizabeth Ann Arnold, his wife
' to nx• k~N~~~n to IK~ tF?c• ~x~rum 3 d~~•rilx•d in an~l ~cIH~ t~~i~~utrd t{~• (ur~•euinst inctrunK•nt :~~~~I they . ~1,n.~k~1R~1
i l,~~t~~«• ~~M ih:+~ they ~'\l`('lltl'~I (IH' x111N'.
, . .
i \~'1'!'\N:titi n?y- hand and utficial K•:d in du• Connh at?d Stati~ I:t~t :tfnri•~aiil thi~ 16th ~ o[
' June a. 72 .
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