HomeMy WebLinkAbout1933 and shctA Jx~rform, con~ply u•ith u?ul aLide by cach und ioi•ry tl~e u;:n'C!N!•uts, sti~nilutio?u, conditio~u and
co~enants thereo/, a?ul o/ fhis ~norf~;a~;e, then thu ~n~,rl~a~;c u~~d fhc cstttt~~ lierchy crcuted, shall cease, de-
termine and l~e nuil o?ul uoid.
~1{Y ti~e mortba~;or iicreby furtl~cr coi;enu~~ts a~ul atirccs to pron?~rtly u•hcn clue the princlpat atul
inierest and othcr siuns o/ moneJ ~~rovi~~e~l /or in sai~l ~wt~ a~ul N~ts niort~;age,- or citl~er, to ~~ay a11 atui
singular fhe taxes, asse.rsmeuts, leuies, liabilities, obli~ati~~us. and enc~t~u~brur~ces o/ e~;ery ~wh~re o~i suul prop-
erty; to pennil, conu?+it or sueer ~w uasfe, im~wirment or tle~eriorntion o/ saicf la~ul or t1~e ii?ipro~ements
d~ereon at any time; to keep N~e buildin~s now or herc~ufter an said land /~~?/y i~irumd in a stun of not less
ihan
in a com~wny or con~panies acceptable to the niorl~;a~ee, tlie police~ ar ~wlicies to be held by, arul ~~a~~nLle
to. said mort6aRee, nnd in the eaent any su??~ o~ n+one~~ becor?ies ~wynLle by virfuc aj s~icl~ i?uy~rance the
mortgagee shall 1~aoe the ri~;ht to receiu~ and u~~ply the same to the indebtedness hereGy secured, accounting
to the mort~;a~;or for any surplus; to ~wy all costs, cl~ur~;es, a?ul expe~4ses, including laicyer's fees and tide
searches, reasonaLly incurred or ~wid ~y fhe mort~;aree becuus~e of fhe ~uilure o~ N~e mortga~or to promptly
arul fidly comply ~citli N~e a~;reements, sti~~ufntio~u, conditio?u a~ul co~:e~~ai~ts of suid rwte a?u~ tl~is mortgoge.
or either; to perform, comJ~l~/ icith u~ul abtde bt/ euch und ecer~~ tl~e a~reements, stipulations; cronditions and
cooe?ut?us set forth in saicl note arul this morthu~e or cithcr, hi the eocnt Nie mortgogor fails to jw~ icl~en
due any tnx, assessment, insurance >>ren~ium or od~er sum o/ mone~ ~wyable by vertue of said notc antl t1~is
mortgoge, or eifher. N~e mortgagee~ma~/ Jwy the same, icithout uoiuin~; or aBectin~ the option to foreclose
or anJ otl~er ri~ht Iiere~o~ler, oiul a!l s~~cli Jwyments shall ~~enr interest from date tl+ereof at tlie hi~l~est latc-
ful rate then allowed by the lau:s of ihe State of Florida.
an~ s~nn of money l~erein re%rred to Le nof ~~romptly ~wul ~~ithin thirty days next after
the same becomes due, or if each and eoenJ flte agrcenierits, stipulutia~.s, conditio~u arul covenants of snicl
note und t/~is mort;;a~;e, or either, arc not (ully per/ormed, complierl e~~iN~ arul abided by, then t1~e eniire
sum mentioned in sau! note, a~ul this mort~age, or the entire balancc un~wul tl~ereon, SIIQII fQftlltCtt~l or
therea(ter, at the oj~tio?~ o/ tl~e mortgn~;ee, become and be due a?ul Jw~able, an~thing in saul note or )ierein
io t1~e contran/ rint~citl~stanctin~;. Fai?ure by die mo~t~;a~;ee to exercise an~f of the ri~hts or options herein
prou~led sl~all not coi~.stitute u uaioer of anJ ri~l~ts or optio».s u?uler saed note or ihu mortgage acc?ued or
thereafter uccruii~..
~n ~itness ~hereof~ tl~e snid mort~a~or has )~ereunto si~ned arul sealed tl~ese j~resents t1~e
day arul year first al~ooe u-retten.
Signed, scoled and deleuered in thc presence of: ~
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STATE OF F'LORID~, )
Couv'rY oF St. Lucie ~
1!lEREBY CERTIFY that an this day, before me, an
oH'icer duly auttHniz~Kl in the~ State aforesaid and in the County afomsaicl to take ackrxn~•lc~clg~nentti, perx~nally ap,prared
a~~•.`:.`
Eddie T. Morgan
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t~~ nN• k~N~~~n tu la~ lh~~ ~x•r.~ni d~~.crilx•d in an~l ~clMr i~~~tinti•d tlH• fum,ui~~e imtrumi•nt :uNl ~~:'~l~t.~'r1u~~~led~~~cl
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Ix~fon• uN• tl?at he r~~Y~ut~Yl Ihi• ..un~•.
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\\'IT\Etiti m~~ h:~nd :tnd ul(ici:d .~~:d in th~• CuinN~ and tiCttr I:t.t :Jun~~.tid thi~ 2~d = 1. ' ~.<<~S`_ nF
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