HomeMy WebLinkAbout0221 anc~ shal~ per(orm, comp~y u~i1F~ and nbic~e by eoch nncl enery tj~e agreemenls, slipulatiuns, conc~itioru ond
corenanls thereo(, anc~ o( Il?is mor~~as~e, then lhis mortpage ane~ the estate hp~6y rrpatrd, sleall cease, de-
termine nnc~ f~e nu~1 ancj i~oi~{
Tin~ the mo~t~a~o~ ~~en~f~y ~urlf~er cot~enants ant~ ogrees to pay promplly when clue fl~e principa~ aneJ
interest and othPr sums o/ money provided /or in said note and this mortgnge, or either: to pay all and
sinflular ~he ta.res, assessmenls, IPt~tPS. ~iabililies, obligatio~is, anc~ encum6rnnces oj every nature on suid pro-
perty; lo pPrmif. commit or suffe~ no wasfe, impairment or c~eteriorafion o~ said ~and or t{~e improvements
Ihprecn at any lime; to kppp ~hp huildings nou? o~ he?ea(t~r on said land jully insured in a sum o( not less
thQ?? the highest insurable value thereof
ir, a company or compani~s accepta6le to !he mortyapee, the policy or policies !o be hp[d 6y, and payable
!o, sni~ mortgagee. an~~ en thP enent any sum o~ r?ionoy ~ecomes ~yabl~ by virtt~e of suc~e insurance !~e
mortgngee shall F~ai~e 1he rigl~t to recPll~P and apply the same to the indebtedness 6ern6y secured, accounting
!o t~e morfg~~or ~or nny surp~us: (o pay a~~ rnsts, ctia~es, a~te~ expenses, inc~uding ~awyer~s ~ees anc~ lit~e
searches, rea$ona~~y incur~ec~ or pnicl ~y fhe morlgagee hecause o~ I~e Jai~ure of lhe morlgagor to prompf~y
ane~ ~~~1ly comp~y u~ifh fl~p nQreemerils, slipu~afions, conditions and covenants oj said note aRd lhis mortgage.
or either; to per(orr?z, comply wit{? ond abic~e by pa~h anc~ every the agreements, stipulations, conc~ilions and
coi~pna~ils sel ~orfti in sai~ nofe ani~ lhis mo?fgage or.eifher. ~n f~e Fvenf the morlgagor tai~s !o pny w~en ~
due nny tnx, assessment, insurance premium or ofF~er sum o( money payu6le 6y virtue of saic~ nole nnct t~?is
morfgnge, or eit~ier, t{~e mortgagee may pav the same, u~it~out wniuing or a(~ecting ttie option to ~oreclose
or nny other ri,y{~! her~tu~d~r, and a~l such pnyments shall bear interest ~rom date therea~at the {~ighest ~au~-
~u~ rale t{~~n n~~ou~ec~ tiy i{~e ~au~s oj fhe Stafe o~ f'~ori~n.
nny sum o( mon~v I~erein re~erre~ to be not promplly pnid u~ithin 30 clays next a~ter
thp samp 6ecomPS duh, or i J e~cti and ~i~ery 1{~e ac~reem~nts, stipu~ations, conditions nnd covenants o) saitl
note and this morl,yac~~, or either, are not fully performed, complied with nncl abided 6y, ~1~en fl~e entire
sum mentioned in said notP, an~I tf~is mortgnge, or'the entire balnnce unpaid t~ereon, s/~ol~ ~orthu~ith or
therQa(ter, at tF~~ oplion o( Ilie mortga~ee, become and be diie ared pnya6le, anything in saicl note or herein
to ff~e confr~ry nofu~itf~s(nncling. Fai~~ire f~y t~~e morfqagep !o pxercise any o~ t{~e rig~ts or options ~erein
pro~~i~ec~ shall nol consfifutP a u~aii>~r oJ a~ey ri,q~ts or options unc{er saic~ ?iote or t~is mortgage accruec~ or
f~ere~~l~r accrtiing.
~n ~itness ~herenf~ t{:~ said morfqnqor h~s hereunio signec~ and sealecl lhese presenls ihe
clay anc~ l~ear ~irst af~o~~P u~~itten.
SIgRP~. SPAIP~ q?1~ APIIt'/'~P(~ in t~~ prese~nce oJ: BUCCA~IEER nUILDI'IG CQ~~ItA~x~ii .
--~~u~o~?-~.~kL a Florida corpora~io~i•-.---' -
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~ ~~'ATE OF' FI.ORiD:\ COl!I~`Tl' OF SA11T LUCIE
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~ 1 HEREBY CERTIFY. That on th~s _ __t-°_ - _ day of _ _ _Februar _ A. D. t9 , .
? 1,~~ore me persona~~y appearecl JACK CRAIN_ _ _ x~ _ .
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? Buccaneer BuiZding Corporation Florida
f - a rnrporation, to me
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~ [rnown to be tl~e person~clescri6ed in ancl u~ho ex~cutecl t~e Jorec~oinfl instrument, ane~ 1~iv7c~lbcaclznou~letlged t{~e exe-
; his
; ~ution t~ereo~ Io ~ie 7~ifb[ f
ree act a:ie~ clee~ as such oJ~icers, f or t~~e uses anc~ purposes therein mentiona~; nnc~ that he
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fixec~ lhereto t1~e oJJicinl seal oJ said corporation, and lF~e saicl instrument is the act nnd de~d of~ s~;a, corpota~ion.
~ ~~'I~FSS my hnnd nnd of~icinl seal at Fort Pierce , said couniy ~uwtl`state. .
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tti'ofary
Pu~and f or Sfnfe arul: E"ou~ty. A(oi~'saic~.
- My Corrrmission E.rpires: ~ 7 7 ' ' . : ~ • "
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