HomeMy WebLinkAbout1180 and shall pe~jorm, comply with and abide 6y each artd every the ag?eemPnts, slipulations, conditions and
covenants lhereoj, and oj Il~ia mo?tgage. Ihen Ihts mortgage and Ihe eslafe hp~6y created, shall cease. de-
lermine nnd 6e null and ~oid.
~ the mortgagor here6y furtl~et rnvenanfs and agrees fo pay promptly when due the principal and
inferest an~ othe~ sums o~ money prooiclecj ~or in saic~ nofe nnc~ t~ta mortgnge, or eiftior; fo pay a~~ anc~
" singu~ar the taxea. assessments. ~et~ies. ~~ia6ilities, ob~ignfions. and encumb~ances o~ ei~e?y nafure on said pro-
pe?ty: to permif. oommit or su~ler no waste, tmpoirment o~ deteriorolion oJ said ~and or fhe improvements
ff~ereon at any ttme: to keep the buildings now o? herea/ter on snid Iand f ully ins~ired in a sum o~ not less
thon Twenty one thousand and no/100.
in a company o~ compa~ies acceptab~e to Itie mortgagee, the po~icy or po~icic~s !o he ~~ejc~ tiy, and ~,yable
to, said mortgagee, and in tF~e euent any sum o) money 6ecomes ~ya6l~ 6y i~irlue oJ siich insurunce the
morlgngee shal~ kaue t~e right to receive and apply the same fo t6e indebtedness liereby secured, accounting
to t~e mortgagor jor any surp~us: lo pay a~~ cosls, c~arges, an~ expenses, inc~uclirig ~awyer~s (ees and fit~e
senrches, .~~oRa6[y incurrecl or paid by tl~e mortgagee 6ecause of tRe jailwe oj the mortga9or to promptly
and jully eomp~y witf~ f{?e ngreemenls, stipu~ations, condilions nnd conenanls oJ saic~ nole and ttiis mortgage.
o~ eifher: to per/orm, comply with nnd abide 6y each and every the agreements, slepulnfions, condifions nnd
covenar[ta set ~o?th in said note nnc~ this mo~tgnge or eitl~er." In ihe enent tF~e mortgagor lai~s fo pny when
due any tax, assessment, insurance premiiun or other sum oJ money pnya6le 6y virlue oj soid note and this
mortgnge, or eifher, t~e mortgagee ?r?ay ~y tf~p same, wittiout u~aiving or ajjecting !he option io (orec~ose
or any other ~ig1~t hereunder, and all such paymenis shall 6ear interest f
rom date thereof at the ?~ighes! law-
/ul nnte lhen allowed 6y the lau~s of the State o( Florida.
~L any sum of money {~erein refe~ fo 6e no! pro:nptly paid wit~in t.~11Yty/ c~nys next a~fer
the same 6ecomes due, or ij ench and every the agreements. stipulalions, contlitions and covenants of said
note w~d th~ mortgage, or eit{~er, a?e no! Jully per(ormed, complied wi1f~ and abided 6y, then the entire
sum mentioned in said note, and this mortga~e, or 11~e entire 6alance unpaid ti~ereon, s6all (ortluuitli or
lhereajfer, at the option o~ the mortgagee. 6ecome anc~ 6e due ancl paya6le, anything in said note or herein
~ fo the contmry notwitl~standing. Failure by Ihe mortgngee !o exercise any oJ t{~e rig{~fs or options herein
I provided sl~a~~ nol constilute a waiver o~ any rigF~ts or opfions under said note or this mortgage nccruea or
thereaf ter nccruing.
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• ~..q - . . EC'ORPORATE
SEAL) ~ be execuled in its ame, nnc~ its corporate sea~ to be ~ereunto a~Jixec~, 6y ~es
,.~'r per j~ice eunb clu~y nut~orizec~, the day and year ~erst a~ioue wriiten.
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$ecrclary `
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' ~ Signe~l, senlec~ and deGue~etl in the presence o/: ; _
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Florida
~.V~~ OL St. Lucie
I HEREBY CER77FY e/~n~ on elus duy. br~o.r mr. un u(Jicr. dal~ wdlwriud 'u~ t1~e 51a1. md Cou.dy n/onsa~d to talee orllu~wudedg-
mentf. Pt~wr~~7 nPD~u^rd R~ O~
Edrnond D. Johnson, Jr. l.~ncl ~.~r *~c/~~~
ur~~ ~rnoun fo me lo ~ie Itit Prew~en! aru~ ~Cc . ns~wclin~r o~' f~t eorpwation norntd as
mor~yngpr in (~e Joiegoing inshumrnf, and t~wf 1/~tq xrrr~a~~q oc4nouae~g~ txecuting !{~e samr, in !{~e pnxnev o~ fuv su6seribing uRtnesua.
~?r~ly ~nd roL~n~a?iIy urd~~ aw6w~ey dulq r~s~ed in 11wm 6y so~d cwpora~~o~ ~nd dw~ ~6e seal a((i.red ~I~nrlo is ~i~e uur avrporols s~ol o/
~ said c~orporalion.
~ Wti'NE.SS mr lw,~d o.d d/k;ot xd dK Ca,.~y a.d Se~e aJa.,r~d tla. 2lstday oJ March
n. ~9 ?4
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