HomeMy WebLinkAbout1220 and s1~aU perJorm. romply wilh and abide 6y each and eoery 1he ag?eements. slipululions, conditio?u und
ca~~~nnnts Ihercw(. ~nd oJ Ihis marl{~n~e. Ihert fhis morfc~age nnd the eatate here6y c~atpcl, shall cease, ds-
Iprn~ine and Ge nu~~ nnd ~~oid.
~n~ I~~p murtga~~or ~ien~by jurfher rnvenpnls and agrees fo pay prompf~y when due Ihe p?incipa! and
interesl un~I ot~~vr sums o( money provi~ec~ jo~ tn sai~ note and fhis morfgage, o~ eif~er: fo pay a~~ one~ _
sln~ular Ihe 1a.r~s, asspssmer~ls, levies, lia6ililies, obli~ations, and encumb?nnces oJ every nafure on said pro- _
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pe~fy; lo pe~mil, commif or su((er no u~asfP, impairmenf or ~eleriomtion o~ saic~ ~ancr or fhe improvemenls }
th~?~ecn al any lime: to kpp~ ~6p buildinc~s ~~ou~ or hrrea(t~r on ~aid land ~ully Fnstaecl i~ a sum of not less ~
~han full insurable value
In a t~ompanV or compani~s accPpla~~e to t~~e morigagee, Ihe po~icy o~ po~icies to tie hFld 6y, and paya6le
to, saia mo?fgagee. an~ in 1{~e evenC any sum o~ money ~ecomes payab~e by virlue o~ such insurance Ihe
mortgag~e shall h~~~p the ri~l~t to IPfPII~P and apply Ihe same to Ihe inde6tedness here6y secured, aceounting +
fo ihe morfpagor ~or any surp~us; lo pay a~~ costs, cha~es, and expenses, incluc~ing ~awye~ s~ees an~ lit~e ~
searcl~~s, reasona6ly incurrec~ or ~a~d by thp morlga~ee tiPCOUSP o~ ihe Jai~ure o( Ihe mortgagor to prompt~y ;
and (u~~y ~'omply u~ith t{~e agreemenfs, sfipu~afions, concrifions and eo~~enants oJ said note and this mortgage. {
or eil~er: to pPrJorm, comply u~ith and a6itle 6y each and C~l}Pry I'1P agreements, slipu~afions, concriliorts and ~
rnt~enanfs set ~orfh in saic~ note anc~ f~?is morlgage or either. ~n !he event the moNgagor (ai~s fo pay when
c~ue any tax, assessmenf, insurance premium or oltier sum oJ money payab~e 6y virtue oJ sait~ nofe ant~ t{~is
morfgnge, or eif~~er, fhe mortgayee may pay Ihe same, urifhout «?aiving or a~jc~cfing Ihe oplion fo (orec~ose
or any ol{~er ri~l~t hereunder, an~ all such payments shall 6ear interest jrom c~ate Iheneo/ at the higF~est lau?-
~ll~ ?A~P ~~IP/1 Q~~OII~C1~ hy ~/IP ~AUrS OJ ~lIP J~Q~P O~ I'~O/l~a.
l~ any sum oJ mon~y ~~e~ein re(enec~ lo he not prompt~y paic~ within 30 days next ajier
fhe samP 6ecom~s due, or i) eacl~ and e~~ery the agreempnts, stipulations. condilioris and co~~enants o~ said
note nnd this morfga~p. or either, are not )ully per~AN?IPII, comp~iecl u~ill~ and a6iclecl 6y, then the entire
sum mentioned in said note, and this mortgage. or the entire 6nlnnce unpaid tF~ereon, shull jorlhwilh or
t{~ereafter, at th~ oplion of the mort~nge~. 6ecome and 6e due ancr paya6le, anyt/~ing in said note or herein
fo t~~ contrary nolirilhstandin~. Failure tiy lhe mortgagee lo exercise any of the righfs or options tierein
proniclecl stia~~ not evnsfitul~ a iraii~er o~ any rights or options un~e~ saicr nolp or f~is mortgage accrue~ or ~
l~erea~l~r accruin,ry.
~n ~itness ~hereof~ Ihe said mortgn~~or has hpreunto si~necl ancl sealerl fRese presenfs 1{~p
c~ay an~ year jirst atio~~e trrilfen. ~
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Slgll~. SPQ~P~ QII~ ~P'INP~P~ Ifl ~tiP pr PIICp ~
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~ ohn 0. Lunsford
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STATE OF FLORIDA, ~
cc~L ~TV c~F ST . LUCIE
I HEREBY CERTIFY that on this day, before me, aa
of[i~er duly authorized in the Stat~ aforcsaid and in the County aforesaid to tak~ acknowledqments, persor~ally appearcd
JOHN 0. LUNSFORD
to me known to be~ th~ pe~rson described in and who es~cut~d the for~qoin4 instrument and he ackrwwkdged
befor~ me that he cxecuted the same.
~~I'1~\ESS my hand anti of(icial seal in thc County and Statr Iast a(or~said this 27th day of
March A. D_ 19 7~F .
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Notary Pu c, tate of Florida a
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~ . Large
~ c~,-- My Commi.ssion Expires. /2- 2Q 7~
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