HomeMy WebLinkAbout1245 and shall J~er/orm, conipl~~ tcith uru~ af,ule L~~ euch u~ul eucr~ d~e u~;reci~~eufs, stip~~lutio~~r, conditio~u and
cocenants tl~ereo/, and o/ N~is rnort~;a~;e, t1~en N~is mart~;u~e ui~d fl~e estute 1~crcl~~~ c•reatcd, sholl cease, de-
termine and lie null arut void.
~ ihe mortga~;or l~ereby fu?ther cooenanfs arul agrces to ~w~ yromptly ~chen due ihe pri?icipal arul
interest and otl~er sums of monerJ J~rouuled for i~~ snicl iate arul t1?is u~art~;age, or either, to pa~~ all aiul
singular the taxes, assessments, Ieuies, 1ial~ilitfes, oLli~atia~.s, and encu»~brances of eoery ~wture on suul proN-
erty; to ~~ermit, commit or sr~Ber no uuste, i»~}wirn~ent or dclerioration o/ said land or tlie improvements
thereon at any time; to keeN the buildin~s now or hereu/ter on soul la~ul fully i~uured in a sum of ~wt less
than Five Thousand Nine Hundred and No/ 100
in a company or com~anees acceptable to the mort~a~;ee, tlie ~wlicy or policies to be 1iel~l bi~, ancl payable
to, said mortgogee, and in i1~e e~ent nn~ se~m of mone~~ l~ecomes jwyaGle bi~ virtue of suc1~ iiuurance tlie
mortgogee sl~nll haue the ri~;ht fo rec~eive and o~~ply tl~e snme to the indel~tedness 1~erel:y secure~l, accounting
to t)~e mortgagor for ani~ sur~~ltu; to ~w~ oll costs, clwrties, o~ul ex~~ei~.ses, including laicyer's fees a~ul title
searches, ieasonably incurred or Jwid Gy the mort~;a~;ee because of the failure of ti~e n~ortgagor to promJ~tly
antl full~ comply icith tlie agreenients, stipula~ior~.r, co?ulitio~u a~ul co~;enants of saul ?wte au~ this mortgage,
or either, to perform, complt/ tiith antl a~iide l~y cuch and euery tl~e agreements, stipulatioru, conditions and
covenants set forth in saict note aru! this mort{;age or eitl~er. In tl~e evc?it tlie n:ortgagor fails to Jwy tcl~en
due any iax, assessment, insurance premium or other suni of money jwyable ~iy virtue of saitl note arul tliis
mortgage, or eitl~er, d~e mortgu~;ee muy jwy tife same, iciN~out icaiuin~ or a~ecting the option to foreclose
or any other rigl~t leereeiruler, a~ul al! n~c)i J~ayments sl~al! beur interest froui date tiiereof ot ihe hi~l~est la~c-
fiel rate lhen a1lou;ed ~ir/ tlee lau:s of tJ~e Sfnte of Floricla.
any sum of moriei~ herein r%rred to be not promptl~ ~wul ~cidiin 30 days next after
the san~e• becomes d~~e, or if each a?ui evenJ the agreements, stipulatioru, corulitioru and covenants of said
note and this mortha~e, or either, are not JuU~ per~onned, complie~l ~cith aru! abicled by, tiien the entire
sum mentionecl i?i said note, nrul this mort~age, or tlie entire l~nlance unt~oid thereon, shall forthicitl~ or
therea~ter. at d~e o~~tiori of tl~e mortgagee, become and !~e due a~ul Jwyal,le, arzyihing in said note or Iierein
to tlie contran/ no!~cithstaiuling. Failure I~tJ the mort~a~;ee to exercise nny of tl~e rigl~ts or oNtions lierein
~~rouirled shall not constitute u~coiuer of any rights or optiau irnder saict note or thu mortgage accrued or
thereafter accruing.
~h~DI~ the said mortga;~or has 1iere~~nto si~;ned end sealed these presents the
da y ancl year ~irst abooe ~i-ritten.
Sig sealed and clelicered in tlie presenee of:
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STATE OF FLORIDA, ~
coUNTY oF St. Lucie
l HEREBY CERTIFY that on this day, before me, an
o~cer duly autlx~rized in tlx Strte aforesaid and in the County aioresaid to talce acknowledgmentt, perwnally appeared
Erwin Muldrow a/k/a Irvin Muldrow, a widower and single adult,
tu ~rn• kiN~~~n to ~
a~ii heil~•~'~e~ i~a1`~t~~+Pi•~~c~~~ItQx• (e~n•cuinc in.trm~Kmt und they :Il'{:IHI\\'IEYIiQIY)
lx•fon• n~~ th:~t they i~~~Y•~d~~d th~~ .:uu~•.
\1'I"1'~f:1ti uy hand und olfici:d N•al in thi• Cunnh anil tit:dc I:?~t afun•}:u~l thi~ 1$t~1. da}• of ~
_ Al1gL1St A. 1)- 1'172 {
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NOTARY f-Ut3~~:: .i~Alt UF ?LU..s•:A a t~ crtk;~
' MY CObtt,.I~~~~~v ~xwi.~S +..~v. 12, 1975
~ ~PIEFZAL IIYJ~ItAf~~.f ,J~~V~f<UNI ICK,.
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f LED ~MQ R~COROEO •
~"':;•Y f~.IUC!E COUMTY fU•
, . ~ RQC~? r0?TRAE
i' CtEii0. G;:.CW i COURT
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