HomeMy WebLinkAbout1047 and shall per(orm, comply u~itl~ anc~ a~ide by c•uch and every !he agreements, slipulations, conditiuns and ;
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covenanfs (hereo~, anc~ oj f~~is morfga~e. Iti~n fhis morf~age an~~ the esfale hereby createc~, sho~~ ceasp. ~e• ~
lermine and 6e null and voiil.
~
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~he mortgagor hereby Jurther covenants and ag?ees lo pay prompfly when clue fhe prirtcipal and
inferesf anc~ ofher sums oj money providec! jor i?t snid note nnd this morfgnge, or eifhe~; to puy a~~ and
singular !he ta.res, assessmprits, lri~i~s, liabiliiies, obligntions, a~d encum6rances o( every nature o~ sai~ pro-
perty; !o pe?mit, commif or su~~er no u~aste, impairmen! or dete?ioration o~ said ~anc~ or fhe improuemenls
thereon nt any fime: to ~eep Ilie f,uilc~ings now or hereajter on said land jully insured in a sum oj not less
Ihan full insurable valu .
in a company o~ companies acc~ptab~e !o tF~e morlgagee, the policy or policies to 6e held 6y, and pnyn6le
to, said mortgagee, ancl in Ihe event any sum of money 6ecomes payable 6y virtue o~ such insun~nce Il~e
mortgagee shall hnue Il~e ri~ht to receine and apply the same to !he indebtedness here6y secured, accounting
to Ihe morfgagor ~or nny surp~us: fo pay nl~ costs, cha?ges, ancl expenses, inc~uc~i?tg ~awyer~s jees und litle
searches, rensonn6ly incurred or paid by ~hp mort~a~ee because ~f fhe jailure o) !he mortgn?~r to promplly
anc~ f u~~y comp~y wiiti the ag~eemenfs, stipu~ations, condiiions and coaenants o~ suid nole and tl~is mo~tgage.
or eiiher, !o perjorm, comply u~ith ancl abie~e by eaclt ane~ every tlie agreements, slipulafions, conditio:.s und
covenants set jorlF~ in said note and this mortgage or either. In fhe event the mortflagor f
ails to pay when
due any lax, assessment, insurance premium o~ othe~ sum oJ mo?iey paya6le by vi?tue oj said note nnd fhis
morl~age, or either, the mortgac~ee may pay the same, without waiving or n~~ecfing the option lo ~orec~ose
or any other ri~{~t 1?ereunder, and all such payments shall 6ear inferest Jrom date thereo~ at t1?e higl~est Iaw-
)u~ rate ihen a~~ou•ec1 by 1he lau~s o) the $tate of F~orida.
~L any sum o( money herein reJerrecl to be not pro:nplly paid within thirty days next af ter
tl~e same 6ecomes due. or i~ each and every the agreemenls, stipulations, conditions and covenanls o~ said
note and this mortgage. or either, are not Jully performed, complied wil{~ and a6~ded 6y, then the entire
1 sum mentionpd in said note, and IF~is morf~a~e, or Ihe enlire 6alance unpaid lhereon, shall ~o?tFuqith or
~ thereaf ter, at thc op~ion of the mortgagee. 6ecome and 6e dt~e and paya6le, anyti?ing in said note or' {~e?ein
to I~e contrary notwilF~sfancling. Failure 6y the morlgngee to exe?cise nny oj the rights or opfions ~erein
prouidecl sliall not constitute a waiver of any rig{~ts or options uncler saicl note or this mortgage acc~uet~ or
f{ttgreaf fer. accruing.
f~Fn~';
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•'r~ r f" ~n ~~tn~ lhe morlyagor has caused these presents to
. . • : ~ ~ (CORPORATF ~
be execu te
d in i ls nnme, an d i t s c
o r p o r
a t e s e a ~ t o b e F
~ e
r
e u n i o a
f
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xetl. 6 y ~ts
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~~n.~ t~~ prope~ oJ(icen thereunto duly au~horized, the dny and year ~irst above wrilten.
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l ~ :~TTEST•~~C~~w~,.4fl.---- R'c INDIAN_..RIVER__GARDENS,---INC-•------------------
i Pauline E. Sm ~~~a~
' $igned, s i cr in e prpsenc oJ= ~ ~
By -
- - mi ~h Pres~dent
James C .
~ ~
~ ` ~
~~te Ol FLORIDA
~Q(~~ Q~ ST . LUCIE
j 1 HEREBY CERTIFY tha~ on ~1us duy. 6~(wr ?.er. an o(Jierr d~l~ awiwriud in ~I~e S~de and Cw+Nr olonwid ~o !ak °~fv'°~9-
~ mtnis. Prrsona~~Y W~Peare~l
James C. Smith and Pauline E. Smith
I u~r« I~nown to me fo be t1~e Presirl~n~ and Seeretary ^~'P~~°'~~r ~°°'~°fOi'°~ ~°mrd °s
~ mortgngo? in I~e jaregoing inslrumenl. anJ ltial t~~y s~nera~~y oc~mou+~edg~ ezeculing I~t same. in ttit pnxnot y luo subscri~i~9 uril^~ss~s.
~ Ij free~y ond tro~untori~y urultr auttiorily du~y ve~lt~ in 1{~em ~y said cwpu?u~ion ond Itiat ttic sea~ of('ue~ ttienlo is ltit I~us c»rporde a~a~ o~
~ ~ ~ ~
I sa~d cu.porn~~«~. O , ,
~ / ~r o/ , ~~T :4: . .
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W~NF.CS my harul an~ o~~iria~ xa~ in ttie Counly and $Ide ~as! a~o~eaoid ttiis '
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I n. ~974 . y"'~•~~~ y%
fItEO ~OJNtY FIA. ^ / , 'v -
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St~ a~ `.~~~TR puRt l! - ~ ~•y~:v.-:- .
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cttF.x ~s ;F r~4 ~ Notary Pub c, tat~'~~ s~ric'f~r= _
i~ _ $~s RFG~~~ at Large ~!.C Q` :•;r
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10 ~ 17 M Commission Ex ires': t
kor~mr rue~ic sT~h ortro T u+~o!
M~ COMMISSION EXPfRES OfC 16, 1977
~O~ED THRU GENERAt INSURANC! YNDfRWRTTER3
1%irs Lu~riu,~f,1i prcpn.rd by: This instn:ment ~ti'2^ p'^~~, ^.a, by U R ~
I AJ~Irru +;c:.~G,ci V. ~;~„i11, i~ i~~. BOOK 2~~ PACE~U~c~
. ~•i -rc ~ .
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