HomeMy WebLinkAbout1461 and ahnll perEo~m, comp~y u~ith and a6ide 6y each nnd en~ry ti~e agreements, stipulalions, conditions and
cot~enants t~ereo~, anc~ o~ fhii mortgage, ff~e~ I~ts mwtgnge anc~ f~e eslate {~ereby creutecr, iha« cease, dR-
lermine a.~d be nuU und void.
~in~ ttiP mortgagor ~er~~~y f u?lf~er covenants and a9nees fo pay promplly w{~en due Ihe p?tnctpa~ und
interest an~ ather aums o~ i?noney provided ~or in said RO~P and I~is mortgnge, or eit~e~; to pay a~1 ~
singielar thp taxes, assessments, levies, lia6ilities, obligations, nnd encumbwnces o( eve?y nafuro on sald pro-
pe?ly: to permii, rnmmff or su~(er no euasle, impairment o~ c~eteriowfion o~ saic~ ~anct or the lmprouerrtenb
il~erron at any time; to lreap the butldings nou~ or hereu~ter on said Iand Jully insured in n aum o~ not leu
tl?nn
i~ a rompany or rnmpnntea ameptable to t1~e mortgagee, the policy or policies to be heW by, and payable
!o, said mortgagee, and i~ the evont any sum oJ neoney becorrtes ~yabi~ 6y utrtue o( such iniuranra tl~e
mortgagee sl~al[ have Ihe ?tght to receive and apply t~e same to the indebtedness hereby aecured, accounting
to t~e mortgnqor fo~ any aurp~us: to pay a~~ costs, c~arges, and expenses, inc~udtnp lawyers fees anc~ fitje
searc6ps, reasonably i~curretl or pnid by the mortgagee decause o~ the ~ni~ure of the mort~agor to promptly
and jully cornply wi~?? the ngreements, siipulations, corediteons and covenants o( soid note and this mortgnge,
or eilher; fo perform, compjy wif~ nnd abide by each and every !he agreemenfs. stipulaftons, cone~ilions and
rovenanfs set (orth in saic/ note a?ec~ thi~ morf8oge or eil~er. ~n the event the mostgagor ~ai~s fo pay when
c~ue any fax, nssessment, iresurance premium or other sum of money payable by virlue of said note and fhis
mortgage, or eifher, ttie mortgagee may pay t~e anme, wifhout weiving or a~~ecting the oplion to ~orec~ose
or any ot6er right hereunder, and aI[ sucl~ paymen~s shall 6ear interest (rom date thereo/ at the l~ighest Iaw-
~eil rate 1{~en a[[owec~ by tRe lau~s o~ thp State o~ F~ori~o.
JL any surn o~ money {~e?ein referre~ to be not prornpf~y poicl withinthllty (3O~ aays next a~ter
f~e same bpromps rlue, or ij eac~ nntj every (~e agreements, slipu~alions, conc~itions ant~ couenants ol saicj
note and this mortgage, or either, are not (ully performed, complied wilh~ and a6~dpd by, tl~ere ~he enfire
sum mentione~ in snid note, and fhis rr+ortguge, or tl?e entire 6alance unpaid tl~e++eon, shall ~orthwitl? or
t6ereajter, at thA optton o( the rnortgngee, 6ecome and be due and pnya6le, anytl~ing in said note or ?~erein
fo the contrnry notwi~hsianding. Failure by the mortgagee to exercise any o~ Ike rig~its or options ~erein
provi~Iecl sl~all nat consfilute a waiver o` any rights or options ureder saic~ note or t~is morfgage accYUec~ or
l6ereafter ac~ruing.
~n 1V1LIl~s t~e saic~ morfgagor tias I~ereunfo signecl antj sealed ll~eee presenfs the
c~ay an~ year ~irst a~ove u+riften. ~
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Signed, sealed and crelit~erecl i~~ 1he prpsence of : ~i ~
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STATE OF FLORIDA, ~
GoUN-rv oF ST . LUCIE
I HEREBY CERTIFY that on thi~ day, befon me, an
officer duly authorized in the State aforesxid and in the County aforesaid to tak~ acknowledgmenu, pc~sonally appeared
Albert Phillips and Brenda Phiilips, his wife,
to me known to be the person g dexribed in and who ~xecuted che [or~going instrument and they acknowkd~ed
before me that they executed the same.
~VITtiESS my hand and o((icial seal in the County and Statr last aforesaid this 8t~2 day of
November A. D. 1972. -
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f1LE~l, ' ti.~.;J~jr FLA- ~ ' , ; ,
Sj lU~ • - ~ a5 ~
itC ' ::i_ r ..~'0.+ ~ iARY o~l&IC STAif Ot ~lOitlDl( ~1'IARGE
COMMISStON E7(p~RES NOV. ,~1976 t! y`
ClE ' k BOMOfC fMRU CENERAI INSURANCf UNpo~y~,p~~~y '
p~r~~ • ~~~i~ A .
~'i1 Z~ l~ 26 ~ ~ ~ ~ .
~~;~5'71
, !%rr_~ I~~rlrnnrr-~rI ~+r~F~~rr~/ /~y: joe G. Mullins
: I~Glrr.±~ First National Bank gp~ 208 1461
( P. O. Box 970 ~
Fort Pisrce, Fla, 33450 ~
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