HomeMy WebLinkAbout1199 an~ s{~a~~ per~orm, romply u~~ih A?~d ~6~d~ 6y enc{~ an~ ei~ery f~e agreementt, stlpu~tioris, conditions and
corenants Il~p~cw~, and oJ Ihis morl~~age. Ihen Ihis mwtpage ancl tF~e estate here6y ~ratecr, shall ce~se, de-
fprmine m~d 6e nu~~ and roi~~., -
~d Ihe mortgapor hen~6y ju~ther cooenants and agrees to pay promptly when due Ihe prtnr~pnl and
infe?rsl ancr other sums of money proi~i~e~ (or in saic~ note anc~ this mortgage, o~ eit~er: fo pny a~~ and
aingu~ar f{~e IACPS, assessments, ~ei~ies, ~ia6i~ifies, ob~i~alio~s, and encumbrnnces o~ every nalwe on satd pro-
perty: fo permtf, commif or sujje? no u~aste, impai?ment o~ creteriorofion oj said ~and or fhe improvemenls
lhprncn at any timP: to ~PPn II~p 6uildinns nou~ o~ h~rPaJt~r on said land /ully insured in a sum o( not less
~ha„ maximum insurable value
in a compa~y or companies accPpta~~e lo Ihe morfgaflee, ftie policy o~ po~icies fo be {~eld by, anc~ pnynb~e
to, sai~ mortga_qee, anc~ in f~e? e~~enf any sum oJ monoy 6ecomes paya6le 6y uirlue o~ such tnsurance !~e
mortga9ee s~all I~a~~e the right to fPCPIVP nnd upply Ihe same to Ihe inde6tedness he?r6y secured, acoounting
to I~e morlga~or (or any surplus; fo pay a~~ costs, charges, and expenses, including ~awyer s(ees and fit~e
searc{~es, reasona6ly incurre~ or pai~ ~y fhe mortgagee because o~ the ~ui~ure o/ the mortgagor 1o prompt~y
an~ ju~~y comp~y with the agreemenls, stipu~afions, con~ilions ancr covenants oj snid note and lhts mort9age,
or eiff~er; to perform, comp~y wilh an~ abide 6y each and every ihe agreemenfs, sfipu~nttons, condifions anc~
co~~enanls set jorlh in said nole and this mo?tgage o~ eithe?. In Ihe event the mortgagor /aila to pny wl~en
due any tax, assessment, insurance premium or ot{~er sum o( .~o~ey ~xiyabl~ by ~irtue oj soid note and this
mortgage, or eil~er, t~e mortc~agee mny pay the same, wifhouf wniving or af(ecling t~e oplion fo ~orecjose
or any ot6er right hereunder, and all such payments shall 6Qar interest jrom da~R therroJ at t{~e highest Inw-
~ul rate Ihen allou~ed by Ihe lau~s oJ the State of Florida.
any sum o~ money herein re(err~ to be not promptly paid within ten ~ 10~ days next a~fer
the same 6ecomes due, or iJ each and euery tl~e agreemenls, stipulations. condilions and covenants of said
note and f{~is mort~a~e, or either, nre not Jully performecl, complied witl~ nnd ab~ded by, then the enli?e
sum rr~entioned in said nole, and Ihis morigage, or the enlire balance unpaid thereon, s6all joril~with or
il~ereajter, af the oplion oJ I?~e mortgaflee, 6ecome and be tlue a~d payable, anything in said note or herein
to ftie confr~ary notu~il6standing. Failure 6y Ihe morfgagee to exercise any of f~e righls or opttons ~erein
proricle~I s~a~~ nol conslilute a waii~er oj any rig~ls or opfions uncler saic~ nole or f~is morfgage nccrued or
f{~ereajler accruing.
~n ~itness ~hereof~ fhe saic~ morfg~gor tias I~ere~inio signecl ancl sealecl i~ese presents t~e
~ay anc~ year jirsf ahoi~e u~ritfen.
Signed, sealed and deli~~erecl in the presence o~: ,
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_ MEL B. SKAGGS
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~ STATE OF FLORIDA, ~
~ C~L`~r~r oF ST. LUCIE ~
I HEREBY CERTIFY that on this day. betore me~ an
~ officer duly authorized in the State aforesaid and in the Countp aforesaid to tak~ acknowltdgments~ p~rsonally apptared
MEL B. SKAGGS
to me known to tx the person described in and who ~xecut~d the for~qoinq instrument and he acknowledRed
beforc me ~that j1B exccuted the same.
N,I7'NESS my hand and olficial seal in thc County and Swtr last afor~said this 2~th daY of
~ 3`~ ~ A. D. 19 7 2
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~ - L`Y~
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> F~r~;~.. ' Notary Public - State o%Florida
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~ `~;pUQ~~G . : at Larae. _
, My Commission Expires: j C- h
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