HomeMy WebLinkAbout2607 and shall per(orm, comply with and a6ide 6y each and e~~ery fl~e agreements, sttpulnliont, rnnditionr and
co~~enants lhe~eof, and oJ Il~is mortgage, 11~en Il~is mortgage and Ihe estate here6y c~eated, s{~all cease, de-
fprmine a~~d 6P null an~l troirl. -
If~ f/~e mortga~o~ her~~by ~urfher covenanfs and ag?eos to pay prompfly when clue fF~e principal and
infe~esl and other sams oJ money providc?d ~o~ tn sofd note a~d this morfgage, w etther; to pay all nnd
singu~ar Ihe lares, assessments, ~evtea, ~ia6i~ilies, obligations, and encumbrn~cet o~ every nalure on aaie~ pro-
perfy; lo permif. commil or su~~e~ no waste, impai~menl o~ deferiornfion o~ :Qid bnd or lhe improvementt
t6erecn at any time: to RPP~/ I~P 6uildin~s nou~ o~ herea~f~r on satd land ~ully i?uure~I in a sum oj not less
fRan
in a compan~? or companies accepta6le !o tl~e mortgagee, Ihe policy o~ policles to be heW by, and payable
to, said morlpayE?e, and in the euent any sum oj money 6ecomes paya6le 6y virlue o~ such insurance t?~e
mortgag~+e ShaU ha~~e tl~e right to receive and apply Ihe same to the inde6tedness he?~eby secured, acrounting
fo f~e mortgagor ~or any surp~~u; fo pny a~~ costs, charges, and eacpenses, inc~uc~Ing ~nwyers (eea ancl tif~e
searches, reasona6ly incurre~l or paid 6y the mortgagee because o~ f~e (ailure oj 11~e morfgagor fo prompt~Y
and ju~~y comply wifh t~e agreerrtenfs, stipu~attons; conc~ilions anc~ c~o~~enanfs o~ said nofe nnd t{~is mortgage.
o~ eifher; !o perJorm, comply with and abide 6y eac1~ and every fhe agreemenfs, sfipu~ntions, condifions and
rnuenanls set Jortl~ in said ~ote and tl~is mortgnge or either. /n the event the mortgcgor /ails to pay w/~en
due any fax, nssessment, insurance premium or otl~er sum oj money paya6le by virtue of said note and t6i~
mortgafle, ~r eif{~er, fhe morlgagee may pay t{~e same, without wniuing or aJ(ecling i/~e option to ~orec~ose
or any oll~er right he~euncler, and a1I such pnyments shall bear interest Jrom date thereof nt tl~e higl~est lnw-
~ul mte 16~n allou~ecl 6y Ihe laws o/ the State o~ Florida.
~l any sum of money herein re%rred !o be not promptly paicl within thirty c~ays next n~ter
the same becomes c~ue, or if each and euery fhe agreements, stipu~afions, conditions ancl covenanls of said
note and this mortgage, or eilher, are not ~ully ~~jormed, compjted wifl~ nnd ab~ded 6y, then the entire
sum mentioned in said note, and this mortgage, or the entire balnnoe unpaid lher+eon, s/~a11 fortl~will~ o?
thereajter, n! the option oJ the mwtgngee. 6ecome and 6e due and paya6le, anylhing in said note or I~eretn
to f~e confrary nolwiftistanc~ing. Fai~ure 6y t{~e mortgagee to exereise any of the rig/~fs or opttons ~erein
provided s{~a~~ not c~onslifute a waiver o( any rig~fs or options under saic~ ~ofe or this morfgage accrued or
1{~ereaJter accruing.
~n ~itness ~hereof~ 1f~e said niortga9or ?~as f~ereunto signed nnd sealed these presenls the
~ay an~ year jirst al,oi~e writlen.
. ealed and delin red in resence oj:
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~ STATE UF FLORIDA. ~
~ COUNTY OF ~5(',~C,1L~
I HEREBY CERTIFY that on thu day, be(ore me~ an
officer duly authorized in the State aforesaid and in the Count~ aforesaid to tat~ acknowledgmenu~ personally appeared
RICHARD PAUL RRAUSE, JR. and SUE G. KRAUSE, his wife,
to me known to b~ the person g dcscribed in and who eaecuted the forrgoin,q instrument aad thgy acknowkdged
be(orc me that ~ they eaecuted the same.
~i'17:1tESS my hand anc) o(ficial seal in the County and Stati- last a(oresaid this •~•aay o~
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rnC1.Vx A. D_ 19 7 2. . ^
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234695 . ~ - . ~ - ~1:. ;
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4 fIIED AMO RECOROE9 ~ tate ot Hor~'.s ~i L~4~ ..j.. - t -
~ iT.LUCIE C4UNTY FlA• Not~ry S ,
ROC~ R ? ~fTRAS My Commission Eapires Dec. 2, c9/~" . ~ : : - •
~ CLERK C+~CttIT COURt h AMrics~ fi~ s c..~ ,i~, „ : : ' . '
~ RECORO ~Cp1F1E0~.~r• ,
~ ~C ~ ~0 42 ~'~Z .
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~ !%iis luslna»~n~ prrprircJ by:
JAAIES L. fOREA1AN, ATiORNEY
~ FIRST BA:yK d~ TRUST BUILDING
~ 8pG RATON, FLORIDA 3343~ ~
*"Y _ . " _ ' " ~ _ ' b~ P ,~~3a~°
1 ~F' .~,y,-' < E~l+ 2 ~ i•• ~ .fi .
_ 'm~~a'.~~
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