HomeMy WebLinkAbout0298 Qnd shall per/orm, comply irifl~ und ul~i~le b~ cucl~ und ecvr~ t/rc u~;rccnicnls, stiJ~ulations, co~ulitions and
covenants thereo/, arul o% fhis mort~;a~;e, then t/~is m~,rt;~u~e uud tlie cstutc )~creby created, s)ia11 ceasc, de-
termine a~d be nul! arul ooid.
~ the nwrt~;a~or leerel,y /urthec co~enants a~ul a~;rees to jwy pro~nptly when due ihe principat and
interest a?ul other sunes o/ ma~e~ Jrrov&let! for in saict ~wte arut el~is n~art~;age, or eit)~er; io pay al! aru~
singular the taxes, assess~~~ents, Icuies, liabilitics, obli~utiw».r, and ciu~uml.rn~aces of cuery rwture on said prop-
erty; fo j~ermet, commit or suecr no uaste, impairment or deteriorntean of saul la?u! or the imNrouements
tl~ereon at any time; to keep the huilrlin{;s no~c or herea/ter on snul land fully iruu~ed in a sum af not less
than
in a com~wny or com~wnies acceptable fo the mort~;a~;ee, the ~wlicy or ~wlicies to Le )~eld ~~y, arut ~yable
to, said mortgagee, arul in the ecene ony s~u~~ of n~oney beco~?ies jwyoble l~y virtue of such i~uurance the
mortgagee shall have the ri~;ht to recei~e and apply N~e san~e to the irulebtedness hereby secerred, accounting
to t)ie mortgagor for any sur~~lus; to ~xty QII costs, char~;es, a~ul expenses, incleuling taicyer's fees and litle
searches, teasorwbly incurred or ~wirl l~y t1~e mort~;a~;ee l~ecause o/ the failure of ihe mortga~or to promptly
• aiul fully comply u;ith the o~reements, sti~n~lations, conditeons u?ul co~enants of soid rwte arul this mortgage,
o? eid~er, to perfornt, comply iciNa arul al,icle b_y each and eoen~ the agreements, stipulatioru, conditioru a?ul
cooennnts set forth in saul note o?ut this mort~;a~;e or either. /n t/ie enent tl~e mortgagor fails to pay when
due any taac, asse~sment, insurance Nremium or otlier sum of money payoGle by virtue of saut note arul this
mort~nge, or either, N~e mort~a~;ee may pa_y the same, ~i~tho~d ~caivin~; or a~ectir?g tlie option to /oredose
os any other ri€;ht hereu?uler, anc! alI such payments s1~al! bear interest from dnte thereof nt i)~e hi~hest Inic-
ful rate then allou;ed by ihe laws of ihe State of Floricta.
any sum of money lierein referred to lie not promptly Jwid i~-itbin thirty ~jays nert after
the same becomes due, or if each and every the ugreen:ents, stipulatio?u, co~ulitions and cocenants of soid
note arul ihis mort~;a~;e, or either, ure not /ully perforn~ed, complied tcith arut obuled by, then the entire
sum menlioned in snid note, aru! this mort~age, or the entire~ balunce un~~ul tRereon, siwU forthw~ith or
thereafter, at the option of the mortga~;ee, Gecome nnd ~ie due o?ul payu6le, onything in said note or herein
to the controry notu:ithsta?uling. Failure by the mo.tRa~ee io exercise any of tlie ri~hts or options herein
pronic?ed shaU not constitute a u-ai~er of any ri~hts or opteo~~.s uncler saicl note or thu mortgage aecn~ed ar
thereo
f
ter oecruing.
~n ~~~L~ the sau! mortga~;or lias hereunto si{~ned and sealed fhese presents the
clay ancl year first ahm~e ~critten.
Signed, s d aral delioered in the presence of:
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STATE OF FI.ORIDA, ~
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~ couN'['Y oF St. Lucie
I}lF.REBY CERTIFY that on this day, l~efore me, an
~ o~cer duly authnriz~Yl in the SL?te afun~wid arnl in the Cw~unty aforeaaid to take arkno~+•Ieclgments, peru?nally appearecl
` Paul E. Selph and Betty J. Selph '
tu nK• kiw~~cn fu IN• ihi• ~x•rtiin g~I~•K•nlwyl iu and ~~IM~ ~~~i~t•~d~•~I UN• for~•~uink iu~trunN•nl aiNl they - :~ckrN~~vlcclQc~c1
Ix•fum n?t~ ih~t the y ~•~~~•utirl 11w• .:uiN•.
~ l lth
~~'ll'\F.Sti mc ha~Hl :tnd nllici.d x:d in Um (amnly and ti1:d~• I:t~l afomvlid tLix day of
~ August.A_ i~~ ?2
235190 ~ CG ~j~,e.~
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p; i fILED AMJ RECOROEO - l~.~ ~ ,
" ST. LUC~c :'JUNTY FIA. : ~ : • : ~
¢ aOCE~_ =":'RAS
~ ClE°.Y C:~~~+3~T C~U~T Notarr Fub~ic - StatP oi3~eT~~a~~~8~; ,
~ PF~~:RD '~c: ~F~E" I3on~~cd 8} : Ameriran Baris:ers'Insttkanc:e~Cou?pai!y
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~ ~ ~ I 59 PM ~fy Commissiun Expirrs: l~.br~' - _
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~ BOOK ~O5 PAGE z98
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