HomeMy WebLinkAbout0157 and shal! pe?~orm, c~omply wtlh and a6ide 6y ~h and every the ogreementa. ~tlpulatio.is, condit~ons and
co~~enants tl~ereo~, and o~ I?~ts mor~9aAe, then thti mortgage and tl~e astata ke~by cr+eated, ahall ceasv. de-
termine and 6e nul! and iwid.
~ thp morfgapor henr6y jurlher covenanta and agreea eo ~r p?ompily when doe ~h~ ~n~Pol w~d
interesl and ofher suma o~ money provided for in said note anc~ fhii mortgaAe, or elther; fo pay a~~ ond
singu~ar the taxes, assessmenls, ~eulea, ~ta61~ilies, ob~igations. and•encum6nances ol euery nofure on said pro-
perly; fo permit, commit or su~fe~ no wwte, impairment o~ deteriorafion of :atd !a»d or the improvemenb
fl~erecn at any time: to kpep ~he 6uildings now o~ hereajtc~ on said Iand jully inaured in a sum of not leu
rhan highest insurable value
tn u compony or c~ompantes acceptab~e fo fhe morfgagee, Ihe po~lcy or po~tctes to 6e held 6y, and pnyab~e
to, satd moHgagee, an~ in the event any sWn o~ money becomes ~ya6l~ 6~ vtrtue bf suc~ tnaurance t~s
mortgagee shall have the rigl~t to receive and apply the same to the tndebtedness hereby secured, acoounting
to t~e mortgagor ~o~ any aurp~us: to ?xiy a~~ eosfs, c~arges, nnd expenses, inc~uding ~auryera ~eea and tttle
seairhes, reasona6ly incumecl or paid 6y the morfgagee because o~ tl~e jntlw+e o/ tl?e mortgagor lo prony~tly
and jully comply wifh the agreemenls, stipulations, conditioru nnd eovenants oj sntd note and this mortgage,
o~ either, fo per~orm, rnmply u~itT~ untl abide by eacl~ and enery t~e agreentents. stipu~ntio?~.t. condifions and
covenanfs set ~orth in said note and tl~is mortgage or et11~e~. In the event the merlgagor ~ai4 to pny u~hen
due any tax, assessment, insurance premium or othe~ sum of money pnya6le 6y vtrlue oj satd Rote ~d eh~
mortgnge, or either, t~e mortgagee may poy f~e same, without wniving or a~`ecting the option to ~orec~ose
or nny other right l~ereunde~, and al! suck payments shall 6ear intere:t /rom date thereo~ at I?~e highest law-
(ul rate 11~en allowecl by 1he Iuu~s of tlee State o~ Floridu.
~l any sum o~ monPy herein re~erred lo be not prompt~y paid u~tlhin Fl~te9II anys next aJler
the sa~ne 6ecomes due, or i~ each and euery the ogreements, stipu~afions, eondilioru nnd covenants o~ aaid
note and this morfga~p, or either, are not /ully perJormed, oomplied wi11~ and a6tded 6y, then the enti?e
sum mentioned in snid note, and t6is mortgage, or the entire balance unpaid theneon, shall /ortl~with o~
tF~erec~jter, nt t6e option of Ihe mortgagee, 6ecome and 6e due and pnyable, anylhing in said note or herein -
to f~e confmry notu~ithstanding. Failwe 6y !he mortgagee to exerrise any of the R9Rt1 or options herei~
provided sf~al~ not conslifute a u~niver o~ nny rights or optiona under snid nofe or tl~is mortgage accruecl or
t{~ereajler accruing.
i?,~ `
~n ~~Ul~ ~~~~1~ t{~e said morlgagor has hereunto signed and sealed lhese presents fhe
day anc~ year ~irst a~ove irritlen.
Signe , sealed and d Ii~~ered ' ll~e presence oj:
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~C. leel, lII
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~ Beverl . Teel
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¢ STATE OF FLORIDA, -
~ cou:v~r~r oF Saint Lucie ~
~ I HEREBY CERTIFY ~hat oa this d~y. beEore me~ an
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~ ot(icer duly authorized -in the Stat~ aforesaid and in the County aforesaid to take acknowledgments, personaqy appeared
~ u.~-nory C. `l~eel, lII fand Beverly S. ~eel, his wife
~ to me known to b~ the person3 described in and who exceuted the for~goiryS instrument and the~ acknowkdged
~ beforc me that tY3 ~ ~ exccuted the same.
z ~~11':\ESS m hand and of(icial stal in thc unt an State last aforesaid this da of
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i ` 7/~ ) k Cc(,Li1. D. 1973 ~ ;i
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SEP 10 3 44 PH'13~j ~-7_,~-"' .
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= Thu Iiu~na~rrn/ rr md b: ~ory '1'eel~ III
~ p~ y Fee, rar'_~er and Fee
Post uffice 3ox 10~~ ~Q
- ~ort .'i~~rce, ~lorida 33 ~ ~O~x~~`~ PAGi. ~5
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