HomeMy WebLinkAbout0320 and shall perform, comply wltl~ and aLicle Ly e~cJ~ and eucry the aRree~uents, sti}n~latioru, conclitiotis ot~d
covenants thereo/, anci o/ thts mo~tkaRe, then this mort~o~;e o?ul the estate herel,,y c?eoted, shall cease. de-
termine and bs nuU cnd voi~l. .
~ the mortgagor hereby further covenants a?ul agre~a to pay promptly when due tl+e principal and
interest and other sums of money provided for in said note ond t)~~s mortgage, or either; to~ pay al! and
singular ihe taxes, assesrnients, leuies, liabtltttes, obligations. and encumbrances of eolry nature on said ptop-
erty; to permtt, commit or suBer no waste, impairment or deterioration of saici la?ul or the im}~rovements
ihereon at any time; to keep the butklings now or herea/fer on saict land fu11y insured in a sum of not less
than ~
~n a company or companies acceptolile to the mortgogee, the poltcy or }wlictes to be held by, and payoble
to, said mm~tgssgee, arul in ihe event any sum of neoney becomes payable by vtrtue of such insurance the
mortgagee shall have the right to receioe and up~ly the same to the indebtedness hereby secured, accounting
to the mortgagor for any surplus; to pay a!1 costs, charbes, and expenses, including lawyer's fees a?ut title
searches, reasorably incurred or paid by the mortgagee because of the. faiture of the mortgagor to promptly
~ and fuily comply with the agreements, stipuiations; co~ulitions anct covenants of suid note and ihis mortgage,
or either; to perform, comply with und alikle b~ each arui every Nie agreements, stipuiations, conditions and
cvvenants set forth ~n said note and ihis mortgage or either. In the event the mortgagor fails to pay when
due any tax, usse~sment, insuronce premium or other sum of ~noney payable by vi~rtue of said note and this
mortgage, or either, ihe mortgogee may ~poy the same, u~ithout u;aining or a$ecting the option to foreclose
or any other right hereunder, and aU sueh payments shaU Gea~ interest from dote thereof nt ti~e highest law-
ful rote then allowed by the laws of the State of Florida.
any sum of money herein referred to be not promptly paict within thirty duys t~ext after
the same becomes dae, or if each and eoery the agreements, stipulations, conditions ancl co~enants of said
note anrl this mortgage, or either, are not fuUy per~ormed, complied with and abided by, ~en the entire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, sl~all forthwith or
thereafter, at ihe option of the mongagee, l~ecome and be due and payable, anything in said noie or herein
to the contrnry notwithstaruling. Failure by the mortgagee to exercise any of the rights or options herein
provuled shall not constitute a u;aiver of any rights or options under said note or this mortgage accrued or
thereafter accruing. ~
~n ~h~~`~ the said mortgagor has hereunto signed and sealed these presents the
day and year first above ieritten.
_Signed, s~led a l deiivered in tl~ e of: "
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STATE O~ FLORIDA,
coutv~nt oF St. Lucie ~ ~
I HEREBY CERT[FY that on this day, before me, an `
o~cer duly authorizecl in the State aforesaid ancl in the County aforesaid to take aclawwledgments, personally appeared
John Drake and Maggie Drake, his wife
to me k~xi~~•n to lx• t}x• prrcnn drscrilx•cl in :tnd ~vhn i•xeti•utrd flx• fon•~:oinR instn~nx~nt and they ackno~~•leclRecl
liefom ~nc thxt they i'\lY'U~tYI ~M• .auK~.
WITNEtiS my hxnd and olPici.tl u:d in tM• Ccnmty and State l.tct : aid this llth day of
May A. i~. ~s~ 73. ,
. ...L~~ G~.----- - /~ie..__----- ~
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~ .:OTARY ~ TE OF F!.^'•~.~ ~ r~~-
~ `r~Y CC:..:..,_..l..:i _-.''.~:cS 12, 1975 J
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. . ~ ~.,7~, GLERK ~IkCUIT COUIIT ~
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