HomeMy WebLinkAbout1462 and shnll ~~erform, cou+ply icitli u~ul al,ide 1,~ cur1~ uud cucr~ th~ u~;recv~icnts, stipulatioru, co?ulitioru and
cooenants thereo/, and of this u~ort~a~;e, t)~en tliu ~nort~;a;;c un~l dre cstatc l~crcb~/ crcated, s1~aU cease, de-
termine and be null ancl twid.
~ the mortgugor Iiereby furnc~r couenants aru! agrces to jwy promptly when due the ~rincipal aul
lnterest a?ul other sums of moneJ provuled Jor in said ~ rwee a?uI Niis mo~t~;age, or eitlier; to jw~ nll mul
~ingular the taxes, assessn~ents, leuies, lial,ilities, ol,litiatio~~.s, ancl enc~unbrances of euery nature on saul prop-
erty; to Nermit, comrnit or su~er no uaste, imJwinnent or deteriornfion of said lantl or t1~e improuements
thereon at any ti»~e; to keep the builclin~s no~c or hereujter on saicl la?ut fu11y insured in a sum of not less
than
in a company or companies acceptal,Ie to the mortga~;ee, the policy or ~wlicies fo be 1~eld by, and }wyabie
to, said mortgagee, an~l in the ecent nny sun~ o~ n~oney l~ecomes payable b~ oi~tuc of suc1~ insurance !he
mortgagee shall have the right to receive mid a~~p1i~ Nie san~e to tlie irulebtedness Aereby secured, accounting
to the mortgagor for any surplus; to ~wy all cosis, charges, a~ul expenses, inctuding la~uyer's fees and iitle
searehes, reasorwl~uj ina~rred or paid by the mortga~;ee Gecnuse of the failure of the mortgagor to promptly
anci fully coinply uith rhe agreements, stipul4tio~u, coru~itio?u a?KI covenants of sau~ rwte arai t)~is »~ortgage,
or either; io per/orm, comply uith arul abicte 6y each and eoen~/ the agreemerits, stipulations, co~uletio~u and
couenants sei forth in said note a?ul this mortgage or either. In d~e event tl~e mortgagor fails to pay ichen
~lue any tax, assessmeni, insuranc~e premium or other sum of money payaGle by nirtue of said note aru~ i~is .
mortgage, or either, the mortgagee may ~xiy the same, ecithout ~caiuing or a~ecting the option to foreclose
or any otl~er riglit hereunder, arul all such pa~ments shall l~ear iriterest from date thereof at il~e hi~hest la~c-
ful rate then oUou;ed 6y t1~e laws of the State of Florido.
any sum of money herein rejerred to be not promptly pau! icithin thirty ~ys next after
the same liecomes due, or if each arul every tl~e agree?nents, stipulations> conditions arul couenants of soecl
note anci this mortgaae, or either, are not fully performed, eompliect icith arul abicled by, then the entire
sum mentioned in sairt note, and this mortgage, or t)ie entire balance unlwid tliereon, shall fortHw~ith or
thereofter, ot t1~e option of the mortgagee, become nnd Ge dae and JxiyaGle, anyihing in saicl note or herein
to tlie contran~ noiecithstanding. Failure ~iy the mort~;a~;ee to exercise nny of the rights or options herein
provirted shaU not constit~de a uaiver of any rights or oNtio?~s iuuIer said note or this mortgage uccnied or
fhereafter nccruing.
~n ~Il~l~Ol~ the said mort~o~;or has hereunto signed and sealed these presents !he
day and year first aliove ~iritten.
Signed, seale -and delivered in th~~resence of: ^
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STATE OF FLORIDA, ~
CouNrY oF St. Lucie (
I HEREBY CERTIFY that on this day, beforc me, an ~
o~cer didy authorizeci in the State afomsaid and in the County aforesaid to take aeknoa•leclgments, personally appeared
John Edward Layfield and Lawana Layfield, his wife
to nx~ kia~~~n fo Ix• tM~ ~x•rsnn g d<~•~Ix•d in aml ~~•Fw~ i~~t~e•~de•d tM• fum~oinK instnmk•nt and they ackix~~~~leclRed
Ix•fun• u~c tleit they ~•\lY'U~IYI ~I11` .:~aK~.
\~'IT\I:titi my hanii and ulfici:d ce:d in t)x• Ca~unt~• and tiiati• I:i~l afurctiaid this 21 St day o[
July .a. u. ?2
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~ ANO REO~~OE~
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~ CIERK C RGUIt COUat ~
RECOAD VEa~f1E0
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