HomeMy WebLinkAbout2243 and shall p~?jorm, comply u~ilh and ~btde 6y ~ch and eve?y tl~e ogreements, altpulationi, condttions and
co~~enanls the~eo/. and oj this mortgane, tF~en Il~is mortgage nnd the estate he?~6y created, al~all cease, d~-
!e?mine an~ ~ nu~~ un~ ~-oi~.
7ilS~ Ihp morfga{~or hemtiy Jurihe~ covenanfs and agrc+es to pay promptly when due 1he principo~ nnd
interrsl and ol~ier sums o( mor~ey proviclecl Jor in sait~ note and thia mortgage, or eittier; to pay a~~ and
stngular fhe tarps, assessments, le~~ies, lia6ililies, o6liflalions, and encum6mnces of every natun on said pro-
perfy: fo pprmif, commif or suf~er no u~aste, tmpairment or deteriorafion oj saicr ~and o~ !he Improoementi
Il~erncn at nny lime; fo ~PP~f IIIP buildin~s ~ow or herea~ler on said land )ully ins~u~ecl in a sum oJ nof less
Ihan full insurable value
in a rompany or compani~s ncc~pfa6le Io fhe mo?tgagee, the poltcy o~ poltcies to 6e held 6y, und pnyn6le
to, snid morl~agee, and in the euent any sum oj money becomes rxiyn6[~ 6y oirlue o/ sucl? insurnnce tl~e
mort~nt~ee sl~all haae Ihe ri~ht to re~ceive and apply t6e same to fhe inde6tedness here6y secured, aecounfing
fo ih~ morig~~or ~or any surplus; fo pay al~ costs, c/~arges, and expenses, inc~uc~ing ~awyer s jees und tif~e
searc{~ps, reasonahly incurred or ?xiid 6y thP mortgagee because o~ the ~ai~ure o~ ftie mortgagor to prompf~y
an~ ju~~y comp~y u~itl~ Ihe nflreemenls, sfipu~alions, conditions and co~~enants of snid note ane~ Ihis mortgage.
or eilher; to perform, comply wilh and a6ide by encti and every !he agreemenfs, slipu~ations, condilions and
coa~enants set Jorfh in said note and this morlgage or eilher. In t1?e event Ihe morfgagor /ails to pay wF~en
due any tax, assessm~~it, irisurance premium or ofher sum of money paya6je by virtue o) sait~ note ~d eh~s
mort~age, or either, f~e mortgagee may ~y ~he same, wittiout wniving or a~~ecfing f{~e oplion fo (orec~ose
or any olher ric~ht her~und~r, and al! such payments shall 6ear interest Jrom date thereoj at 1hc? higl~est Iaw-
~ul rnle fl~e~n alloired by the laws o( fh~ State of Florida.
~l nny sum of mon~y /~erein re~erre~ fo be not prompl~y paid within f ive crays next ajfer
the same be~-omps clup, or i~ each and PI~PIy I?IP agreempnts, stipulations. condifions and covenants of said
note and this mort~nc~r. or eitF~Pr, are not ~ully perJormed, complied witf~ and nbided 6y, then !6e enlire
sum mentionet~ in said nole, antl this mo~tgnge, or the enfire bulance unpaid tlter+eon, s{~all jortl~u~ith or
therea(ter, at Ih~ option oj the mortgagee, 6ecome QR~ 6B due and ~ya6le, anything in said note or {~erein
to t~e contrary nofu~ilhstanding. Failurp 6y ftie mortgagee to exercise nny o~ fke ?ighfs or options kerein
pro~~iclecl shaU not cmisfilufP a waivpr o~ any rig{~Is or options under said nole or lhis mortgage nccrued or
f~erra(t~r accruing.
~n ~~~1IQ~ ~~~Ol~ the said mo~tgngor has I~ereunlo signecl and sealed fhese presents t1~e
c~ay an~ year f irst ahore u~rilfen_
Si~ed. sea~eil ancl rlplirerecl in lF~e resence o~:. ~ A
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STATE OF FLORiDA, ~
COL'NTY OF S t. Luc ie
I HEREBY CERTIFY that on this day, be(orc me. an
o(ficer duiy authorized in the Stat~ aforesaid and in th~ County aforesaid to tak~ acknowledgmrnts~ pertonally appeared
PATRICK J. McCABE and RITA C. TOWNSEND
to mc known to be the pcrson described in and who ezecuted thc forcgoinR instrument and they acknowkdged
beforc m~ that theyex~cuted the same.
17'\ESS my hand and o((icial stal in thc County and St~tc last aforesaid this Sth day of
December A. D. 19 72 •
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" 243143 '
Notary ~Pu ~ , ~tate~~ o~~~ F'I.orida
FIIED^~~• ;-=:~t~~ uEO at Lar e
ST. ~U„ ;~H , f,.R. g
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~ DEC ~ 23 ~N I ~ -
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'!'lris L,s~n~,»n~r prepnrrd by: 0 R~8 PACE I:
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Add,ru ~ INS~RiIMENT WAS PREPARED BYi 80QK
$PENCER B. GILBERT, Attorney at Law
22p ~ECOND STREET , FT. PIERCE, FtA. 33~50
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