HomeMy WebLinkAbout1351 and shnl? ~~er/orni, con~~~h~ icit/~ aru! nl,ide l,~ euch und eccr~ ~he u~;rceuicnts, slipt~lutions, conditions ond
couenants tl~ereof, and o% fhis niort~;a~;e, then tl~is mort~;a~;e und N~e estatc liereG~~ created, s1~a11 cease, de-
termine and Le nu1l arul voicl.
~ the mortgahor 1~creby Jurt)~er coucnnnls a?ul adrees to ~~uy ~~ro~nptly iul~en due t1~e priruipal aiut
interest and otlier sums of monel provided for in saed note a?ul tl~is »~ort~age, or eitber; io jwy a11 anct
singular the taxes, assessn~enfs, lecies, lial~ilities, ol,li~utio?u, and enc~imbrunces of every rwture on snul NroN-
ert~; io pennif, commit or sufjer no icaste, iny~airment or delerioration o/ said land or d~e improuements
thereon at an~~ time; to keeN Nie buildin~;s noic or hereu/ter on saul land fuA~ i~u~~red in a sum of not less
than
in a company or co~npnnies acceptahie to t1~e »iortga~;ce, the policy or policies io Le l~eld 1iy, and ~w~~able
to, saui mortgagee, a~ul in the event nn~~ nun of n~o?iey ?~ecomes ~wyable G~~ virtuQ of s~+c1~ i?~.surance die
mortgagee sl~al! haue tiie right to receiue a»d apply tl~e some to tl~e indebte~lness hereLy sea~red, occotrnting
to tlte mortgagor for any surplus; to ~wy all costs, cl~urges, a~ul ex~ser~.ses, i?icleuling latcyer's fees and title
seare)~es, reasonavly incurrec~ or pnicl b~~ the mort~;a~;ee becuuse of the failure of tHe mortgagor io prom~tly
and fully comply icith ihe agreements, sti~n~latioiu, con~litiotu arui couenants of saul note a?ui i1~is mortgage,
ot eitl~er; io perfonn, comply icitl~ arul aliide l~t/ each and euery Nie agreements, stipulatio?u, conditio?u and
cooenants set fortl~ in saicl note and tliis mortga~;e or either. In tl~e event tl~e mortgagor fails to pay iclien
due an~ tax, assessment, insurance premium or other swn of mone~ ~wyaGle by virtue of said note arul ihis
mortgage, or either, ilie mortga~ee may ~wy tl~e same, ~cithout u~aiuin~; or ~~ecting ihe option to foreclose
or any other right 1~ereunder, arul all sucle Jwyments shall bear interest from dnte iliereof at the hi~hest law-
ful rate then allouecl by ihe lau;s of tlie Staie of Florida.
any stan of money lierein referred to Le not promptly ~wid icithin thirty days next nfter
ihe same becomes due, or if each and eoenJ the agree»ients, stipulatior~.s, co~ulitions and cooenants of saicl
note nnd i1~is mortgage> or either, are not fully ~~erformed, complied icitli arul abuied by, then tlie entire
s~an n?enteoned i?~ snicl note, and ihis mortgage, or tlie entire l,alance Ui1jH111I tliereon, shall forthicitl~ or
thereafter, at the ovtion o/ d:e mortgabee, become and be due arul ~wyal~le, an~thing in saicl note or lierein
to the contran~ ~wt~cid~standing. Failure 1~J the mort~;u~ee to exercire nny of the ri~his or oNiions herein
provulecl shall not cor~.stitute a ieait~er of any rights or options uncler saul note or tliis mortgage accrued or
tlierenfter accrui?~.
~n ~itness ~hereof~ the saicl mortga~or l~as ltereunto si~;ned and sealed tl~ese ~resents the
da~E and ~ear ~irst al~ooe ieritten.
Sigried, sealed nnd cleliuered in the presence of:
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STATE OF FI.ORIDA, )
CoU~T1' oE St. Lucie ~
I HEREBY CERTIFI' that on this day~, before me, an
oH'icer duly autlx~rized in t}x~ State aforesaid ancl in the G~unty aforesaid to take ackno~vledgments, personall~• appearecl
Lloyd K. Smith and Lillian A. Smith
to mi• k~H~~cn t~~ Ix• thr ~x•rsims cl~•scrilx•il in aud ~~IN~ ~~~trult•d t6i• fum~uin~ in.tnnni•nt :~~~d they ack~x~~~•letlRcrl
IN•furt• in~~ dwt they ~•~i~•i~tinl Ihi~ .:imi•.
~1'I'1'\t:titi m~• h:?nd and ot[ici:d .~•:?1 in th~• Cunnt~~ :ind tit.dc• la.t :?fon•>aid this l8th .S1pY ~f
September .a. t~. i~~ 72
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