HomeMy WebLinkAbout1828 and s1~aU pef/orm, comply with a~ul al~icJe by ead~ ond euc~ry N~e a~;rr;ements, stipulations. conditions ond
ow~enants thereof, and o/ this mortKa~;e, then this mort~a~;e a?al the estate herel,y created. shaJl ceass, de-
termine and be nuU ond ooid.
~ the mortgagor henby further conenanls a~ul ag?ees to pay promNtly when due ihe princjpal ond
intenest and other sums of money provicled /or in said note and th{s ~nartgage, or either; to pay all and
s~ngular the tases, ossess?nents, leuie.s, IiaLilities, oliligations, arul encumbraru:es o~ enery nature on said proY-
~rty; to permit, commit or suger no uaste, impairment or deterioration of said land or ihe imNronements
the?eon at any time; to keep the buiklin~;s now or hereafter on soid land fuUy insured in a sum of not Iess
than
in a o~mpany or companies occeptable to the mortga~;ee, ihe policy or policies io be heid by, and payable
to, snid mortgagee, and in the ecent a~uJ sum of money becomes payable by oirtue of such insuranc~e the
mortgagee shaIl haoe the right to receive nnd upply the some io the indebtedness hereby secured, occounting
to the mortgogor for any sury~lus; to puy all costs, charges, arul expenses, including bwyer's fees and title
searches, ~,easonabGj incurned or paid by the mortgabee Gecause of the failure of ihe mortgagor to promptly
und fully comply with the agreements, stipulotions, conditions and cooenanta of soid note and tl~is mortgage,
or either, to per~orm, conaply with arut oLide by ench anct enery the agreements. stipu1ations, conditions und
cvoenunts set forth in said note and this mortgage or either. ln ihe euent the mortgagor fails to pay when
due aray iar, assessment, insurance prernium or other sum of money payable by virtue of s+aid note and this
mortgage, or either, ihe mortgagee muy pay the same, without u;aiving o~ a~ecting the option to foredose
ar ar~y other right hereunder, and aU swch payments shaU Gear interest from dote thereof at iht 1?iRheat law-
f~l rate then ailowed by the Iaw~t of ihe State of F1~rida
~ any sum of money herein referred to be not promptly paict w~ithin thirty daya neact a/ter
t1~e some. becomes due, or if each and eoery the agreements, ste~ulatans, cond'uions and Gooenanis of said
note anrl this mortgage, or either, are not fuUy performed, complied w~ith and ebuled by, then the entae
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shaU forthwith or
thereafter> ot the option of the mortgagee, be~ome and be due and payaGle, anything in said note or herein
_ to the controry notwitlutanding. Failure by the mortgagee io exercise any of the rights or options hereat
prooided shaU not constitute a u;aiwer of uny rights or options under sad note or this mortgage aocrued or
thenea
f
ter acauing.
the snid mortga~or hos hereunto signed and sealed these pr~ents tl~e
duy arul year ~rrst aboue icritten.
Signed, sealt~and delioered in the presence of:
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STA1'E OF FLORIDA. )
COVNTY oF St. Lucie ~
I HEREBY CERTiFY chat a~ this day. before me, an
o~oer duly author'v.ed in the ~t+te aforesaid and in the County aforesaid bo take acknow~nts, persor~allY aPP~*~
W. B, HAMMO~tD, BILLY HERNDON and CLIFTON LIAYD, as Trustees, and
i° n~ti
~:~1 ~gi,~~ihe ~ s 1 B~i1xYl~ina
n~T
Mi e~e•e~sdoh thn~PALM~~ranSTr~ theyRCH ~i~l~~l
hefom ~h~~they i•\tY'II~IYI IIIP .anK•.
WIT11iEtiS my hantl ancl offKi:J x:d io tlm Coimty arx) State laat :Jonsaid this 25th. day of
AL1g11St A• D• 1~) 72.
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C:~i~.::;1 `rl ~ t~,i i" ''t'. ;T
^ LAR~E
~.tY CiL ~ ;.,Y. :2. 1975
~ ~iLi`~~a.Y: „~_~.~...'_i 'v.•tiiIti~.a~:iC~i~~
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2363Qp
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~ - FILE~ AND RECOROEO
' ~ ; ~ . i ~ ) . ST.lUC1E COUNTY i~A.
. " . ROGER Pp;ZR~S
= -t + ' CIERK C; ?Cl1tT COURT
_ ~ . . ~ RECOR~ IEf:IFrEr} -
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. _ 18 12 23 PH T t
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d00K ~5 PAGE~~z8
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