HomeMy WebLinkAbout2395 a~ui sha11 ~~er(orm, contpl,y ~cit)~ a~ul aliule by euc1~ und e~cr~ the u~;rceu~eiits, stipulatlons, coiulitions anc! .
covenants tl,ereo/, arul o/ tlies mortgo~e. then this mart~;a~;e u~ul the estote 1~ereGy created, slwll cease, de-
termine au! be nuU a~ul voi~l. ~
~ t]ie mortga~or hereby further cooerwnts aru! abrces to pay promptly when due ihe ~rinciYnl and
tnterest and other sams of money J~rovkle~l for in soid note and thts mortgoge, or either; to pay att and
singuia~ the taxes, assessmeiits, leuie.s, li4bilities, OLjI(;OftpliS, and encumbrances of euery nature on suid prop-
erty; to pennit, eommit or su~er no uaste, impoirment or deterioratton of snici (ancl or the improvementa
thereon at any tin~e; to keep the buildin~;s now or hereufter on said la?ul fully i?~ured in o sum of not less
than
tn a comJwny or com~anies acceptal,le io d~e mortga~;ee, the iwllcy or policiea to be held by, a~ul Yayable
to, suid mortgagee, arul in t)~e e~ent any sum o~ money Gecom~s jwyahle Ly virtue of such i?uurance the
mortgagee shall ha~e the right to ~ec~eioe anrl apply the same to the i?ulebtedneu hereby secured, accounting
to the mortgagor for nny surplers; to poy all costs, charges, aiul ex~e?ues, incIeuling lawyer's fees and titte
s~arches, *easonably incurred or poid by the mor`fgabee because of tlie foilure of the mortgagor to promptly
anc! fully comply with the agreements, stipulations, co?ulitions and covenants of su&1 note and ihis mo?tgage,
or either; to per~orm, comply with arui aGicle liy cach a?ui eoery the agreements, stipuiaiions, corutitions and
covenants set forth in said note arul this mortgage or eid~er. In the event the mortgagor fails to pay ul~en
due ony taz, assessment, insuronce premium or other sum of money payoble by vttrtr~e of said ~ote nnd this
mortgage, or either, the mortgagee may pay the same, wrthor~t uaiuing or oBecting the option to forecTose
or any other right hereunder, arul all such ~ayments shaU I~ear interest from date thereof at the hip,hest law-
ful rate then allou;ed by the lauu of the State of Florida.
any sum of money 1~erein referred to be not promptly paid icithin days next after
the same becomes due, or if each nnci eoery the agreements, stipulutions, co?ulitions and coaerwnts of suid
note a?ul this mortgage, or either, are not fuUy performed, complied uith and abicled by, then the entire
sum mentioned en saicl note, and this mortguge, or the entire balance unpaid thereon, shalt forthu~ith or
ihereofter, at tlie o~tion o~ the mortgagee, l~ecome anci Ge due and }wyuLle, nnything in snid note or i~erein
to the contrary notu;ithstaruling. Failure by the mortgadee to exercise any of tl~e rights or options herein
prouKled shall not constitute a u;aiver of an~ ri~hts or options under said note or thrs mortgage accn~ed or
thereafter accruing.
~n ~~~~i ~I[~1~~`~ ihe said mort'ga~or has hereunto si~t~ed arul sealed these presents the
day and year first aliove ~critten. ~ .
Sigried, sealed nnd delivereEl en the presence of:
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STATE OF FI.ORIDA, ~
COUIV'['1t OF St. Lucie
I HEREBY CERTIFY that on this day, 6efore me, an
~ o~cer duly auttx~rized in the State afore~said ancl in the County aEaresaid to take acknow~leclgments, personaUy appearec~
,
! Car is and Patr c a B. Morgan ~
i to nx• ktw+~n fn ik~ t~~ ~x•rvm d~~se•ri~•i~in :tnd ~cFw~ r~i~t•uti~d Nk• fore•~oinK instn~nx•nt and ~gy arknowledgecl
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i lx~fure u~e that ~t1e ~•ceY•~di~il Ilx• .:~nn•. " : •
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~ 1?'IT1'F.SS ~r~y h:tntl :tnd ulficia) u:~) in Uu• (',cnmt?• and State l.ut :don~aid this ~7th'~i~~.~`~~~'s ~'f?~,p[.
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; nugust ~3 - t~ \ra :
A.D.19 ' `
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- NOTARY PUdIlC STAT~ Of ~!^4~0~ AT IAR~~ .O~`~
REC~~'UtO MY ~OMM~ct10N EX?IA~S AoR 18. 19T1,'..`~ , . .
; S}~~~E ~OUM~ t ~ ~ ~ dONDEO THRU GENERAL INSURANCE UNDERWRRE~~,~ ~ . :
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CLtR~ ~~,GU~T C01tRt ,z.
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