HomeMy WebLinkAbout1928 and shall perJorm, comply with and abids 6y each and ei~ery the ag?eeme~tt. ~tipu[atio?is, condjttona and
conenanfs thereo/, and oJ this mo?t~as~e, Il~en fhis mortgags a~d tl~e esfate here6y crented, sl~all ceaae, de-
termine and be null and ~wid. •
~ f~e mo~tgo~or hen~6y jwthe~ covennnts and ngrees to pny promp~ly when dw ti~e p?incipa! and
interrsi and o1Rer sums o~ money prot~iclecJ !or i~ satd note nnd thia moNgage. or eilher: to pay a~~ a~
tingu~a~ the laxes, assessmenfs, ~evIea. Ita6~l11ies, ob~tgations. und encumbrnncss o~ eve?y nafure on said pro-
pe~ty; to permif. cor?~mif or su(jer no wasle, impairme~t or defe?iorntion oj aald ~ond or Ihe improue~nenb
fl~erecn al any lime: to Itppp fhe builclings now or he?w~jter on said land f ully ins~ued tn a sum oj nol less
~haR full insurable value
in a company or companiea accepta6le to tl~e mo~tgagee, the poltcy o~ poliries to 6e held 6y, and paya6le
to, said morlpagec~, nnd in thP event any sum o/ money 6ecomes ~ya6le 6y ~irtue b~ such ~r~.turance t1~e
mortgagee shall hai~e Ihe right to ?eceive and apply Ihe same to tke indebtednesa here6y :ecu?ed. acc~ounting
to t{~e mortga~or (oR any surp~us: fo pay a~~ costa, c~arges, and expenset. tnc~uding ~awy~ s Jees and ttl~e
searc~es, ~~o?~a61y i~~~~~ o~ r~,rd 6y ~hp n~ortgagee because oJ I~e ~ai~ure o~ the mo?fgagor to prompt~y
and (ully comply witl~ the agreements, stipulations, conditions and rnvenants oj said note and ll~is ~tortgnge.
or eit~er; to per(orm, comply witl~ and abide 6y each and e~e+ry the agreementa. slipu~attons, condiftoru and
covenants aat ~orf/~ in snid note and t~ia mortgage or "either. In the event fhe mortgagor fai~a !o pay when
due any tax, assessment, insuranc~e premium or otl~er sum of money puya6le by virtue oj said nole and this
morfgage, or eit~er, I~e mortgagc~e may pay f~e snme, wilkouf wntt?ing or af
jecting fhe option fo ~orec~ose
or any olher right hereunde~, and all such payments skall bear interest ~rom dnte thereo~ at tl~e highest law-
(u~ rnte 1{~en a~~owec~ ~y I~e ~aws o( t~e $fale o~ F~oric~a. .
any sum o~ money herein re(pRed l0 6e not promplly paid within ten ~jays next a~ter
t~e same becomes ~ue, or ij eacf~ anc~ every the ngreements, stipu~nftons, condilion~ an~ covenanft of snit~
nole and this mo?lguge. or eilleer, arp na! (ully perlormed. complied wit6 and a6~ded 6y, fl~en fl~e enti?e
sum mentioned in snid note, nnd t1~is mortgnge, or th e entir~e bnlance unpaid thereon, shull )orthwilh or
t~erea(ter, at the optton o~ the mortgagc?e. become and be due and paqa6le, anyttiing tn said note or herein
to the controry notwithslan~ing. Fai~ure by f{~e mortgagee to exercise any o~ fhe rFg~ts or options he?eirt
proric~ed sha~~ not ronslilufe a waiver ol any rigtifs or options unc~er saicl nole or f~is morfgage nccrued or
f~ereajter accruing.
~n ~~L1`~ ~~D`~ t{~e sai~ mortgago? has I~ereunto signee~ ancr sealecl lF~ese presents the
~ay ant~ year ~irsf abone u~ritlen.
Si , sealed and clelinered ' tl~e esence :
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~ Clar ce E. ul
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Grete Pauleq ~
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STATE OF FLORIDA, ~
COL'NTY nF ST . LUCIE
I HEREBY CERTIFY that on this day, belorc me. an
o(ficer duly authori:ed in the Stat~ aforesaid and in the County aforesaid to take acknowledgmenu, pcrsonally appeared
CLARENCE E. PAULEY and GRETE PAULEY, his wife,
to me known to be the prnon s described in and who executed the toregoinq instrument and they acknowkdged
beforc me that they ~aecuted the same.
~13'1\ESS my hand and ofticial seal in the County and Statc last aforesaid this l7th day of
~$~1 A. D. 19 7~F.
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: ~ Notary Publ e of Flori. a
• ^ y ~ ; fILEC !.N~ RECORDEO gt Large
: ; ' ~ ~ ~ _ ST. LUCIE COUNTY FIA.
: ~ : : ROCE9 FQ~7RAS
C, ~ • CLERK CI~CtfIT COURT My Com~nnission Expires :~/Z(J
: 4 ~ ` ~G ~ _ P.ECORG 'l~f,tflEd
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~ - . . M~ur l0 ! ii PH'1a
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- llru I?wrr~~n~,~i prepnr~d by:
/~t~r~/[~f THIS IHST3UME:zT Y:~ ( t;~~%AC~ BY o Q ~ j~~ PACE1926
SPENCER B. GILBERT, A;t~~n~y at law
~p S„ SECOND STREEf , fT. P1i:::.f. FIA. 33450
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