HomeMy WebLinkAbout1618 and shal! J~erforn~, cotnply irith und ul,ide l,y ~uc•1~ und ccrr~ thc u~;rucirt~~nts, stipulatio?u, co~ulitioiu arul
covenants thcrcof, and o/ this r??ort~;a~e, t1~en f1~is mort~;a~e urul d~c cstatc l~creb~~ crcatecl, sAall cease, de•
termine and be null and void.
~ the mortga~or herc6y further couenanls arul agrces to ~wy pro~nptly tchen due the Nrincipal and
fnterest a?ul other sums of money J~rouule~l for in saicl note aru! tl~is mort~;age, or eitl~er; to Nay all anct
singular the taxes, assessments, leuies, liuliiletics, ol,li~uteoiu, and encu?nbr4nces of euery nature on suul prop-
erty; fo pern~it, commit or n~~er ~w icaste, inepairment or ~leterioration oj saic~ larut or the i~nNrooements
ihereon at any time; to keej~ the l~utltlin~;s notc or hereo/ter ori said land Ju1~y i~uured in a sum of not less
than
in a comJwny or companies acc~eptal~le to tl~e mortgatiee, the policy or J~olicies to be 1~eld tiy, aru~ ~ayable
to. said mortgagee> and in the eoent any sum of nione~~ becon~es payaGle !~y uirtue of such iruurance ihe
mortgagee sliall have the ri~;ht to receive und aj~~ly the snn~e to tlie indebtedr~ess liereGy secured, accouruing
to the mortgugor for ani; sitrplus; to j~y al! costs, charges, arul expe~ues, includin~ lawyer's fees arul tifie
searclies, ieasonably incurred or Jwid by the mort~;agee because of the failure of the mortgagor to promptly
a?ul fully con~ply ~cith t)ie agreements, stipulatio~~s, corulitioru arul cocenar~ts of said note a?ul ihis moTtgage,
or either; to perform, comply ~cith nnd aliute Gy each arul ever~/ ihe agreements, stipulations, co?uletions and
cooenants set forth in said note anct ihis mort~age or eitl?er. In the event t1~e mortgagor fails to pa_y when
due an~ tax, assessment, insurunce premium or otlier sum of money paya~ile by virtue of said note arul this
mortgage> or eiNier, tlie mortgagee nwy ~wy t?ie snnie, utithout icaivin~ or u8ecting the oJ~tiori to foreclose
or any other right hereunder, and all suc/i jwymcnts shall bear interest from date tliereof at tiie hi~hest laii:-
ful rate then allowed by the lau:s of the State of Florida.
any sum of money herein re%rred to be not ~~romptl~ ~wicl icitl~in tliirty dnys next after
the same becomes due, or if each a?ut every the agreements, sti~ulutions, co~ulitions and covenants of said
note arul this mo~tgage, or eiiher, are not fuU~ performed, complied ecith a~ul abided by, then tlie entrre
sum mentioned in saul note, a?ul thu mortguge, or the entire bnlance unpaid thereon, shall forthwitl: or
thereafter, at the option o/ t1~e mortgagee, l~ecome and Ge due ond ~xiyable, anything in sni~ note or herein
to t)~e contrnn~ noticitl~stn?uting. Failure liy the mo?t~ogee to exercise any of the rights or options herein
proou~ed shall not constitute a icaiver o/ any rights or oj~tio~~.s uruter said note or il~is mortgage accnred or
thereafter accruing.
~n ~IICI[~`~ ihe said mortga~;or hos 1?ereunto si~;.ved aul seQled ihese presents the
day and year ~irst aliove ~critien.
Signe~ sealed and delivered 'n the presence of: _
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STATE OF ~I.ORIDA,
~ Couti~ oF St. Lucie ~
I HEREBY CERTIN'Y that on this day, before me, an
officer d~dy auttx>rized in the State aforesaid and in the County aforesaid to take acknow~ledgments, personally appcarecl
W. R. Monroe and Jewel A. Monr~e
to nx• kiN~~cn to Ix• the• ~x•ruin g d~~scrilx•d in ao~l ~cM~ ~•~tti•ut~~d t!n• fun•~uint; instrui~x•nt :uid ,kh~ :tiel~~noa-1edRecl
Ix~fom nM that they ~•~~Y•ut~•d dx~ >:tun~_ r_.'
\~'IT\Etiti tny hand :tnd uifici:t K•:d in the• G~unh• :tnd titate la~t afon_~aid this 218t . day of
July a. u- 72 ' .
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