HomeMy WebLinkAbout1111 and shall pe~(o?m, comply wilh and a6ide Ly en~•h and ei~ery ihe agreements, stipulations, condilions and
covenants lhereo~, and oJ fhis mortgage. IhPn this morf~afle and fhe estnte hPnrl?y cn•atncl, shall cease, de-
te?mine and 6e null and void.
~ the mortgagor hereby ~urther cove~anls and agrees to pay prompfly w~~en c~ue Ihe principal and
interest and other sums o~ money providecl for in said nole and this morfgage, or either: to pay all and
singular the taxes, assessments, leutes, lia6ilities, obli9ations, and encum6rances o~ every nafure on sai~I pro-
pe?!y; to permit, com~iit or su~fe~ no waste, impoirmenf or clete~iorntion oj saic~ ~anc~ or fl?e improuemenfs
thereon at any time; to keep tl~e 6uildings now o~ he~eaf ter on said land ~ully insu~ecl in a sum o~ not less
than Eiqht Thousand and no/100-----------------------------'-"'-'°"'
in • a company or companies nccepta6je to t1~e mortgagee, Ihe po~icy or po~icies fo he 1~e~c~ ~.y, and paya6le
to, soid mortgagee, and in the event any sum o/ money 6e~comes ~ya6le by rirtue oJ such insurance the
mortgagee shall hnve the right fo receive and apply Ihe snme to Ihe inde6tpdness ?ie?eby secured, nccounting--
to f~e mortgogor lor any surp~us; fo pny nl~ costs, ctiarges, anc~ expenses, inc~uc~in~ ~awyer~s fees an[~ tit~e
searc%es, r+easona6ly incurred or paid 6y the mo?tgagee 6ecause oj the Jni~ure oj Ihe mo~fgagor to prompt~y
and f u~~y comp~y wit~ the agreements, stipu~afions, conditions an~ covenants of said note and Ihfs mortgage,
or eit~er: to per~orm, comp~y with und a6ide by eaclt antl every fhe agreements, stipu~ations, conc~itions and
oovenants set (orth in said note and this mortgage or either. ?n the event the mortgago~ Jails to pay w6en
due any tax, assessmenf, insurance p?emi~un or othe,r sum o~ money payab~e by uirtue of saic{ nole anc~ Ihis
mortgage. or eit~er, the mo?[gagee may pny t~?e snme, wifhouf waiv+ng or aj~ecting t~?e option to ~orecjose
or any other rigl~t hereunder, and all surh pay?nenls sF~all 6ear interes! frorn date thereoj nt Ihe highest law-
jul rate tF~en allowed 6y ~f~e Iaws of Ihe State o( Florida.
~l any sum oJ money {~erein reJerred fo 6e not pro:nptly paitl within thirty days next ajter
fke same 6ecomes due, or i( each and every the agreements, stipulations, conditions and couenants of said
note anc~ tl~is mortgage, or eilher, arc~ not (u~ly performed, complie~I with and ab~ded by, tlien lhe entire
sum mentioned in said note, and this mort~ac~e, or the entire 6nlance unpaid ttiereo~, shall (orthwitF~ or
I~erea~ter, ut t~e option o~ the morf~agee, ~ecome anc~ 6e c~ue anc~ payab~e, anything in said note or herein
to t{~e conlrary notwitF~standing. Failure 6y the morlgagee !o exerrise any o( the rig~ts or options herein
provic~e~ s~a~~ nof constilule n u~aiuer oJ any rights or options uncrer sai~ note or this mortgage accru~ or
t{tereaf
ter accruing.
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~.RATE ~n ~~lil~s t~e mortgagor ~as caused lhese presents to
N/'~ ~~~~~.\J $~AG) be executecl in its name, and its corporate seal to be hereunto af~ixed, by ~~s
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~~'"?~~un+~~~`~`~ proper o~~icers thereunto cru~y aut{~orizee~, f~e day anc~ year first above u~riften.
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I ' ATfEST:-~.-~~-+~--c_ --------------P,earl__Con&txuc~xQ~..CcymF~an~-~--Inc._ ,
E ecretary/ ~~ary ~
~ Sig ed, sealed and deli ered in the presence o~:
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G~L. c - , .
1 res~ nt
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~ i Florida
~ i Ot St Lucie
~ 1 HEREBY CERTIFY tlia~ on t6is day. 6r(on me. on oJ(icer du[7r outi~oriud in tl~e Slntr and County a(arsoid to lalee aclu~~ou~g-
~ ^K.~~• a.~d~~ ~~d Gary L. Pearl and Philip Pearl u ~
~ tl`f/~ R/W471 ~O fll! ~O PIPSI~ ~ I/ S/1P ~y ~l ~~Q COIPW~IOfI ~ O! E
~ Secr. etar /Treast:rer ~P <<~~
drJ 6 ng wi~nrsses. '
q- rrarlgogor in t~r jongoing insln~menf. ored iEwl I~ty iet•t?a~~y at~nou pv~ esecuting l~r samt. in ll~e prnstnce o~ luo su scridi -
~ /ne~q and m~unlari~y wu~er auttio?ily du~y nesltd in ttiem 6y soid co?poralion ane~ t~al ttie sra~ u~(ixPd Itivrelo is ftie Irue corpo?a1e sta~ o~ ~
sai~ roryarafion.
~ W~l'\'F.~S my 6and ar~d oJ/icid seaf ~n tl~e Caudy wu! Ct~e [ast aJorrw~d thia 28th dQy o}DE'Cember ~
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