HomeMy WebLinkAbout1885 a~e~I sI~nII /~rr~orr?ti' co~~: u~il{i a~nd,' tdP hy ~ach an~ e~~~ry I~p ad~eemenla. sfipu~alions. condifioru ond
~-ot~ennnls Ihereoj, and aJ Ihis mo~t~a~e 't~pn Ihis mo~tgaqp and tht? eatale here6y c?eatec~, il~a~~ cense, ds-
termine A?1lI ~P nu~~ an~ vuid.
~in~ I~N mo?fu4gon c~~mtiy jurther coi~e~anta and agrees fo pay prompl~y u~hen crue f~e principa~ and
interNSf and other sums o~ money provi~~ec~ (or in sai~ note a??d f~is mortgage, o? eit~er, to pay n~l and
sinc~ular the lax~~s, assc~ssments, ~Pl'IPS, lia6ilities, o6lignlio~s. nnd encumb?ancea o~ every ~atwe on said pro-
pprly; !o pprmil, commit or sujjvr no u~nsle, impairment o~ c~eferioration o~ 1nicl Iand or t~e irrtproveinenls
thernon n~ any time: to RPPP If1P bt~ildinf~s nuiu o~ herpa/tc~r on said land ~u!!y ins~npd in a~um o/ not less
~f~an $30,OOO.QO in fire and windstorm insurance
irt a company or compantes acceptceble to the mortgagee, Ihe po~icy o~ policies to 6e held by, and pnyn6le
to, saic~ morfgaQe~, and in 11ee even! any sum o~ money becomes paya6l~ 6y virtue o( such insurance the
morlgagre shall /~ane ~he rig{~t to ~eceive and apply ihe same to the indebtedResa I~ereby secured, accowtting
!o Ih~ mortgagor jor an~ surp~us: to pay a~~ costs, cF~nrges, and expenses, including ~uwyer~s ~ees and til~e
sParc{~~~s, rpasonahly incu?re~ or paid by ihP mortgagee because ol t~e joi~ure oj fhe morigngor to promplly
an<~ (u~~~ comp~y u~~ih ~hp a~reements, slipu~ations, con~itions nnd covenanfs o( suid note and t6is mortgage,
or eith~r; to per(orm, comply wit6 ancl abide 6p eacl? and every the agreements, stipulatio~s, conditioru and
~onennnts spf Jorl{~ in sni~ note an~ this morlgage or eil~er. ~n the event t~e mortgagor fai~.t to pap w~en
c~ue any fax, assessmenf, insu~nnce premium or other sum o~ money payable by virtue of saic~ nofe and t~is
mortgage, or eifher, f~v morlgagee may pay t{~e same, wil{eout waiving or a~~ecting the opt~on to ~orec~ose
or any othpr ~~~,hr hereun~er, an~ aII suc{e payrnents sl~aU Lear inlerest jrom date thereoJ at the highest law- I
(ul rate thPn a1lou~ed by t{~e lows of ~{~e Stofp o~ Florida. i
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DI any sum o( monpy ~erein rp(plTP~ IO tie nol prnmpfly pnid within 3~ days next ajfer
1h~ snme l~P~amps due, or ij each anc~ et~ery flep ctgreements, slipulations. conc~itions and covenants oj aaic~
note and this mortgagP, or either, are not /ully perjormed, complied tuitti nnd a6~dpd by, t1~en ilce eniire
sum men~ionec~ in said note, and this mortgage, or tl~e entire bulance unpaid il~er+eon, shn~~ fort6witli w
!{~erPa~fpr, of the oplion o~ the mortgagee, 6ecome and be due and paya6[~, anytl~ing in said note or he~ein
fo ttie contrary notu~itl~stanc~ing. Fai~ure hy ttie mortgagee to exercise any oJ Ihe rig~ts or options herein
pro~~i~~ shall not constitule a u~aii~er of any ?ig~ts or opfions under sai~ nofe or fhis ntortgage accrued or
1~~•rea~t~r a~rruinp.
Dn 1{l~Lil~s ~hereof~ !tie snic~ morlgagor has {~ereunto signed and sealed these presents tRe ~
~~oy an~~ y~ar jirsl aho~~e tnritten. NOTlCE E
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TIiIS IS A BALGt;(,'; \SORTGAGF., AT ~
Signec~. s~a~~ ar~~ ~e~i~~er~~~ in t~ie presence of: MAT?'!;!'!'1' Tttt:;:f: ~~1;±. ~'tt.i. L'r. ;
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A $:1i.:1\l,E U!ii\i; I'F,'i ~r~, E,
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STATE OF FLORIDA,
~ COL'`7'Y nF
a S~ . Lueie j I{EREBY CERTI~Y that on this day, beEore me~ an
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~ of(icer duly authorized in the Stat~ a(oresaid and in the. County afor~said to tak~ acknowledgmenu, ptrsonalfy appearecl
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i Jerry N. Layne and Patricia A. Layne, his wife
; to mF knawn to br thr personss desrribed in and who ~aecut~d the (orcqoing instrument and j~hp acknowkdged
beforP me chat'tr1@J/ ~zccuted the sam~. ~
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~ K'ITNESS my hand and o(ficia) seal in the County and S~ate last a(o~esaid this ~S~ day of
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~ October A. D. 19 73 .
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_ ~ 7%iis IurJnii~u-~~l prcp~nrJ 1~~: Franklin Harris
,-~,~~n t~ 410 Orange Avenue
; Fort Pierce, FLorida ~~~n
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