HomeMy WebLinkAbout1201 aed shnll ~~er/orm. con~J?1y eriNi und ul,irlc 1,~~ ~•urh u~i~l e~ci•rJ thc u;~n•e•r?~rnls, sti~~alatia~.s, conelitioiu ond ~
coveiur~~ts thereo/, un~l oJ lhis r?~or~~u~;e, Ihen thu uiurt,~u~;e u~al llic estute )~crel~~~ c~reated, shall cease, de• ~
termine and Ge null arul cuid.
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~ ihe mort~;a~;or 1?ereln~ ~urNicr rocc~~a~~fs u?u! u~r~~cs to ~xiy pro~npNy u~hen t~ue the pri~icipal antl x
inferest and other su?ns o/ n~onr~~ ~rrovide~l (or in saicl ~rate arul tl~is inort~n~e, or eitl~er; io pay a!1 a~ul ~
si?i~ular the ta.res, nssessmer~ts, leuics, lial~ililics, ol,li~atiu~~.s, und e~+c•iu~~l~runces o/ e~~erq ~wture o?~ suul prop-
erty; to ~~ermit, ca~tn~it or s~~Qer no u•aste, i??~puiri?tent or cleteriarution o~ said lund or t1~e i»~Nrouen~ents !
thereon at ar~y time; to kce~~ die buiGlin~s noic or liercujtcr an suid lund /u11y i~uured in a stnn of not lcss ~
ilian
in a company or corn~wnies acceptuLle to t1?e mort~a~ee, t1~e palicy or ~~alicies to I~e 1~eld by, and ~~a~~able
to, said rnort~;a~ce, and in N~e ecent um~ swn o/ »~o~iey l,eco»~es puynLle Gt/ uirtue of suc1+ iruurance th~,•
mortgagee shal! have the ritil~t fo receiue a?~d a~~pli~ tl~e sarne ta t1~e indeLtedness 1~creGy secured, accounting
to t)~e ?nortga~;or for uny sarplus; io ~wy ull costs, churties, and e.r~~e~4s~es, inc/~~din~ laicyers fees and title
searcl~es, ieasonatily incurre~l or ~x~id bry the n~ort~;u~;ee l~ecuuse a/ the /uilure of the rnortgakor to proneNtly ~
arul fullq compl~/ icith t1~e u~reements, sti~n~laliu?~.~, conditioi~.s an~l ~ovenants of suul note unrl il~is n~ortga~;e, _
or either; to per/onn, com}~h/ uitlt aru/ abide by cuc?t and ecer~~ the a~recmenls, stipeilations, co~ulitio~u and ~
covenants set forth en said nofe niul t1~is mort~ahe. or either. Jn the euent N~e ~nortgagor fails to Jwy icl~e~i
due any tax, assessment, i?uura?~ce premiun: or otl~er sinn o/ moncy jwya~~le Ly uirtue of saitl note and this ~
mort~;a~;e, or eitl~er, tl~e mort~a~;ce m~y ~xty the same, u~id~out ~ruiuin~; or aeecting the option to foreclose ~
or anef otl~er righf hereuruler, and oU s~~cli 1~ayments shal! l~eur inlerest from date tl~ereof at il~e l~i~liest laic-
ful rate then alloued by the lau:s of the State oj Florida. ~
any s~im of n~oneq I~erein re%rred to l,e not promptlt/ jxtid iciN~in thirty days next nftcr
the same l~ecomes due, or if eacl~ an~l euenJ N~e agreements, stipirlutions, co~ulitions a~ul couenants of said
( note and this mort~;n~;e, or either, are not fuU~ J~erfornicd, complied irith a~ul nl~ided by, then tl~e entire
s~ui~ vien~io?ied in said note, arut t1~is mort~uge, or t1~e enfire Lalunce ~mtwe~ tl~ereon, shall fortlncitl~ or
ihereaftei, at d~e o?~iion o/ tl~e monga~;ee, l~ecome and Ge dae a~ul Jwyal,te, ariyt/iing in said note or lierein
to flie contran/ not~ciNistandin~. Fnilure b~ the mort~;u~;ee to exercise ani~ oj tl~e rights or optio~~.s herein
prouirled sliall not cor~stihde a~iaicer o/ any ri~;hts or optio?u trnder soul note or tl~is mortgage aecnietl os
tl~erea
f ter accniing. '
~n ~itness ~hereof~ the said mort~;a~or I~as l~ereunto signed and sealed these presents the
day a~ul ~/ear first abooe ~rritten.
Signed~ sealed and c/elicered in the ~~resence of: ~,1
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~ STATE OP FLORIDA,
~ Cov~'rY oF St. Lucie ~ ~
~ I I~EREBY CERTIFI' that on this c1a?~, l~efore me, an
~ oH'icer dul~• autM~rized in the SGite afon:+;~iil and in the County aforesaici to take ackno~~'ledg~nenL~, persunall}• appeareJ
Ole M. Nerland and Gladys P. Nerland, his wife and O. C. Peterson and
Olive D. Peterso~,_ hig wife ~
tu u~t• knu~~ro to iK~ tfH~ {x•ru~n d~•.crilx•`1 ~n :~nd ~~IH~ l'ilY'l1ll'1~ Ih~• fun~~ui~i~ in.truuu•ut aud they :~ckiw~~•IcdKt~tl
Ix•fun~ n~c~ ihat they ~•~~Y'~~t~•~I QN• .:uu~•.
\1'!T\I':titi m~' Land :tn~l ~d(ici:il x•.tl in thi• Cunnh :mil tihd~• I:t.t :dun•~.ud this 17th . . day of
November a. u. 72 `t- '~"yr'' 1~ '
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