HomeMy WebLinkAbout2937 and shall pP~/orm, comp~y u~itl~ a~~d ahi~e ~~y eacl~ nnc~ PI~P~' Il~e agreementa. atipu~ationt, conaitiona and
corenants fhereof, and oJ ll~i: mortgagp. Ih~n Ihis morlpa9e and Itie estale I~ereby created, sF~all cease, de- ~
termine an~1 6p null and i~uid. j
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I1~ f{~p mo~fea~or hernby f urthr? covenanls anc~ agree~ to pay prompl~y when dus !he prtncipal nnd ;
inleresf and olher sums o~ money provi~ec~ Jo~ in snic~ note and thts mortgage, or eit~er; to pay aU nnd
singular the taxes, assessmenls, levies, linbililies, o6ligations, and encum6rances oj eve~y nnture on satd pro- j
perty: fo permif, cnmmif or su((er no wasle, impui?men! o~ c~eferior+ution o( said land or fhe itnprot~ementr ;
Iherron nt any Iime; ~o Ieepp fhe buildings now or herpa(tPr on ~ait~ ~and /ully inaured in a sum oj not.less '
~han Eight Thousand and no/100---------------------------- _
in a company or companies accepta~le to the ntortgagee, t~e po~tcy or po~icies fo be tie~ by, and paye6le
• to, said mortAogee, and in 1ha event any sum o/ money 6ecomes w~ya6l~ 6y virtue of such insurance tl?e
mo?tgagee s~al~ ~ai~e ttie rtght fo receiue end apply the same to Il~e indebtedness hereby secured, aceounting ~
to t1~e mortgagor for any surp~us: fo poy a~~ eosts, charges, and expenses, inc~uding ~nwye~s ~ees nne~ fil~e
searchc~s, rensonably inrr~rrec~ or paid 6y the rt~oMgagee 6ecause oj t~e fai~we o~ fhe mortgngor fo prompt~p
an~ ~u~~y comp~y witti f{~e apreemenfs, stipu~allons, conditions and eovenants oj suid note and thi~ morlgage. ,
or ei~hpr; lo perJorm, comply with and n6ide by each and every the agreements, stipulations, condi~tons and
corennnts set (orth in said note and this mortgage o~ eithe~. In tl?e event !he morfgagor ~aila to pay when
due any tax, nssessmenf. insurance premium or ot~e~ sum of money payable by cjirtue of sQid note and t/~Is E
mo~tgage, o~ either, thP morfgagee mnp pay the same, without watving or u~(ecfing fhe option to Jorec~ose
or anv other rigl~t here~~n~er, antl nt~ sucl~ payments s1~nII bear intereat ~rom date thereo/ at Ihe highest Inw- '
(uI rale t1~~n Aliou~ed by ~l,e 1au~s o~ tl~e S~4~P O/ Florido.
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~ny sum o~ money herein re(erre~ fo be not prompl~y paid wil~in thirty ~oy~ next aJter :
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IhP same b~comes dup, or i~ each an~ every the agreements, stipeelatio~es. conditions ancl covenants oj said ~
note and if~is mortaayp. or eitl~er, are not /ully perjormed, complied witl~ and n6ided 6y, then the entire _
sum mentioned in said note, nnd this mortgage, or tl~e entire 6nlance unpaid thereon, shnll ~orthwith or
(I~erea~ter, a! tl~e opfion o/ the mortgng~p. 6ec~ome and 6e due and pnya6le, anytF~ing in saitl note or herein r
to fhe contrary notwitFisten~ling. Failurp by rhe mortgugee to exercise nny o~ the ?ighfa or options herein t
prori~e~ sha~~ not ~onstih~te a wairer oj any ?ig~ts or options unc~er snic~ nolp or f~is mortgage accruecl or . ;
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I{~rrPa~ter acc?uing. '
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~n ~~tness ~hereof~ the sai~ morfgagor {~as herPUnto signecr anc~ sealed these presenls I~e ~ .
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c{~? an~ y~ar Jirsf ahove u~ritlen. . g
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! ~iqnetj, sPa~PC~ an~ ~p~irerp~~ in fhe presence oj: ~ ~
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; ' STATE OF FLORIDA, ~ ~ ~ M
! CC)L'\TY (lF St. Lucie '
j ~ I HEREBY CERTIFY that on this day~ beEorc me, an ;
~ o(fi~er duly authorized in the Stat~ aforesaid and in th~ County aforesaid to tak~ acknowledqments, penonall~ appearcd ~
~ ~ Fannie G. Eller, a single adult ;
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~ to mr known to br thr pe~rson descnbed in and who executed the forrqoinq instrument and S~'1@ acknowledRed _
j before me that She executed the sam~.
; ~i «'IT\ESS m}• hand and official seat in thr Count}• and Statr• last ator~said this 15th day of
; March D_ ~9 74
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