HomeMy WebLinkAbout1561 and shall perform. comply uith and obule by euch and eucry H~e u~ree~~~cnls, sti~ulations. caulitions ond
cooenants thereof, und of this mortga~e, then t)~is mort~a~e a~ul t1~e estate l~ereby created, shall cease, de-
termine and be null and void.
~ tire mortgagor hereby further covenants a~ul a~;rees to pay NrompNy when due tlle princi}wl und
tnterest cnd other sunu of money Nrovulet! /or in said rwte and t/~~s mortgage, or eitlier; to }wy al1 and
singular ihe faxes, assessments, leuies, liabilities, obligatio~u. aid encumbrarices of eoery nature on said psop-
erty; to permit, commit or su~er no uaste, impairment or deterioration of satd Inrui or the improvements
thereon ai aru~ ttme; to kee~ the buiklings now or herea/ter on said land fully insured in a sum of not less
than
tn a com}wny or. companies ocesptable to the mo?t~;agee, the policy or policies to be held by, and }wyabte
to, said mortgagee; a?ul in the ecent any sum of money beco»~es payable Gy virtue of such insurance ihe
mortgagee shal! have the right to reeeive ond eppl~ the same to the indebteclness hereby secured, accounting
to the mortgagor for any surplus; ta pay all costs, charges, a?ul expenses, includfng Tawyer's fees and titte
searches, rea,sonobly incur?oed or ~aid by ehe mortgagee because of the failure of the mortgagor to promptTy
and fully eomply u;ith the agreements, stiYulations, corulitions arut cooenants of saici note ancl this mo?tgoge,
or either; to perform, compiy u,~Fth and abide by each a?u! every tl~e agreements, stipulations, coruliteons and
covenunts s,et forth ~n said note and this mortgage or either. In the event ihe mortgagor faiis to pay when
due any taac, auessment, insurance premium or other sum of money payabie by utrtue of ~aid note and this
mortgage, or either, the mortgagee muy pay ihe same, a~ithout u;aiuing or a~ecting ihe option to foreclose
or any other right hereunder, and aU such payments shaU bear interest from date thereof at ihe hi~hest law-
ful rate then aUowed Gy the laws of ihe Stote of Floricla. -
~l uruJ sum of money herein referred to be not J~romptly paid within thirty days next after
ihe same becomes due, or if each and every the agreements, stipulations, corulitions and cooenants of said
note and this _mortgoge, or either, are not fuUy performed, complied with and abeded by, ihen the entire
sum mentione~i in said note, and this mortgage, or the entire balance unpaul thereon, shull forthwit)~ or
thereafter, at the option of ihe mortgagee, become and be due anc! payable, anything in said note or herein
to the contrary notwi~hstanciing. Failure by the mort~agee to exercise any of the rights or opiions herein
prouicled shall not constitute a uaiver of any rights or options under sQicl note or this mortgage acerued or
thereafter aecruing.
~n the soid mortga~or has hereunto signed and seaied tiiese presents the
day and year first abooe ~critten.
Signed, senled anci delioered in the presence of: ~
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STATE OF FLORIDA, ~ .
COUNTY oF St. Lucie
I NEREBY CERTIFT that on this day, before me, aa
o~cer duly authorizecl in the State aforesaid and in the County aforaaid to take acknowleclgments, personally appeared
Sarline Nicho7.son & Carltbn Jenkins
to me k~H~~~•n to Ix~ tht• Tx•rvm S di~ccrilxYl in :md M~ i~~~Y•~d~•d ifx•• (umt!uinK instn~nx•nt and they ackra~~•ledRcKl
~1P~1)fl' IIM ~~I:L~ they t'\lY'll~('l~ ~~Il' tili1N'. ,
\VIT`EtiS iny hand and olfici:tl x•:d in t}x• Cunnty and State I.~ct afurctiaid this llttl day of
~y D. ~s? 73 ':S~_
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~ ST t~ . i ~ r : ~a. ~ IIY COYMISSIOM EXPIRES~~ . -
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