HomeMy WebLinkAbout2773 and shall perJorm, cumplv witl~ and a6ide 6y each and Pl~P1'y tl~e agreements, elipu[alions, conditiont and f
co~~enants thereoJ, and oJ this ?RO?IqOfIP, then this mortgage a~d Ihe eatate he~Fby crealed, shall cense, de-
termine ~ncr ~e nu~~ an~ ooi~.
~n~ IhP mortga~or tien+by (urlher covenanfs and agrees to pay promplly when due tke prInctpol and
inierrst anc~ olher sums o~ money prouided Jor in said nofe and f~i~ mortgage, or eUher: to pay a~~ a~d
singular the taxes, assessm~nts, IPU[PS, lia6ilifies, o6ligations. and encum6rances o~ euery nature on aatd pro-
perty; fo pe?mif. commil or sujler no waste, impairment or deferiomfion o~ saic~ ~and or ihe improvementi
thprn~n a1 any ii~~e; to ~PP~ I~P buildin~s now or hemajter on coid land Jully insured in o sum o/ not Iess
lhan FULL INSURABLE VALUE.
in a c-ompany or companies acc~ptab~e to Jhe mortgaflee, Ihe po~icy or policies to be held 6y, and puya6le
to, soicl morlgagep, and in Ihe e+~ent any sum o~ money 6ecomes Paya6l~ 6y virtue oJ such insurance the
mortga9ee Shall ha~~e Ihe rifll~i to receive and apply Ihe snme to the inde6tedneas here6y secured, accounting
fo Ihe mo~fga~or ~or any surplus: lo pay a~~ cosfs, c~arges, and expensns, inc~uc~ing ~awyers fees and lil~e
searrhes, reasoriaE~~y incurre~ or pai~ by Itie morlgagc~e because o~ f~e fai~ure oj Ihe mortgngor to prompl~y
anc~ ~u~~y comply u~it~ fhe agre~menfs, stipu~alions, conditions antl coi~enants o~ snic~ nofe ona ttiis mo?tgage.
or eifher; fo per~orm, comp~y u~it{~ anc~ nbic~e by eacti and ei~ery the agreements, sfipu~alions, condifions nnd
covenanfs set fortl~ in said nofe ancl this mortgage or either. In the event the mortgagor (ails to pay when
due any lax, assessmenl, insurance premium or ol~er sum o( money payaGle by virtue oJ saic~ nofe ancr this
mortga~e, or eilF~er, fhe morfgagee may pay f~e same, withoul u~niving or a~jecfing the option lo ~orec~ose
or any ot{~er ri~{~t here~u~d~r, ~ncl all such paymenfs shall 6ear interesf from daie fhereoJ al the F~ighest ~ou?-
fu~ mte If~~n a~~owecl tiy f~~e ~nins o~ the $tate o~ F~ori~a.
any sum oJ money I~erein re~erre~ !o he not prompl~y paid wi!{~inthlrty (30~ i(ays next n~ter
IhP samp becomPS due, or i( eacF~ and pt~P1y I~P agreements, slipulalions, conditions nnd covenanfs o~ saic~
note and lhis morlgage, or eilher, are not ~uUy perJormed, complied witl~ and n6ic~ed 6y, t{ten Ihe entire
sum mentione~ in sai~ nofe, nnc~ t~is morlqage, or the entire 6a~ance unpaic~ ftiereon, s~al~ jorlhwith or
therpaJfe~, nl the option of tl~P mort~agee, become and 6e due and paqa6le, anything in said nole or herein
to ihe confrary nolu~itl~slanc~ing. Failure 6y rhp mortgagee fo exercise n~y oj ttie rig~is or options {~erein
provicrc~I sha~~ nof conslih~te a ~oaii~er o~ any rig~ts or options under sai~ notp or fhis mo~tgage accrued or
fl~ereajt~r accruing.
~IL ~~N~~J ~hereof~ ~~P SI~ICI morfgagor ~IAS ~P~PUR~O SIQIIP~ QII~ SP~~ecl tJ~ese presenfs ~lIP
c~ay ancl year Jirst a~?one u+rilten.
Si e~, sea~e~ ana P~ivere ir1 f~ie r~se~ice o~:
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~ STATE OF FLORIDA,
~ coL'1TY (~F ST. LUCIE ~
~ I NEREBY CERTIFY that on this day, betore me, an {
~ o(ficer duly authorized in the Stat~ aforesaid and in th~ County aforesaid to tak~ acknowledqments, penonally appearcd ~
JOHN H. BARROW }
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~ to m~ known to tx the person described in and who exccuted the foregoin,q instrument and ~it10 acknowledged
be(orc me that he ex~cuted the same.
_ ~~'17:YESS my hand and of(icial seal in thc County and State last afonsaid this 19th day of ~
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i My Commission Expires: ~
fILE~1 RK`~ ~EC'JROEO , L~., n
COUhtY ftA. Sta•e ^f Florida a•
S?• An~En ~~tjRAS `l~ NOTARY PUf3LIC. _ ~,+,~r l~. 19i6
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