HomeMy WebLinkAbout2554 and shnll ~x~r/arm. COf11~1It~ u~i~h und ul~idc hr/ rui•li uud r~-rr~ N~e~ u;;rr~~i~u•ufx, xfi~n~lutiu?~.s, e•~~ndilions a?u!
co~:eiu~nts N~erco/, a?td o/ lhis nw?l~u~e, then Ihix murt~a~~~ uurl ll~e ~•stuf~ lu~re•ht/ ~•rru~ed, s1~u11 cease, de-
termine and Gc nul! a?u! vaid.
~ t1~e mort~;u~or I~ereby ~tutlicr covenants a~id utirccs to ~un/ prorn~~Ny «'hcn due i1~e princi~xtl and
interest and oth~~r s~~nrs o/ ma~c~~ proceded /or i~~ suid nate ruu! ihis i?~ort~;a~e, or citl~cr; to ~?ur/ alf n~td
stn~ular tl~e taxcs, cuse.ssnic?ils. Iccic.e, liabilitics. oLli;;u~io~~.s, u~ul cnc•umGr~mc•es of i ccrq ?u~ture o?i suid prop-
e~tJ; io >>ermil, comniit or su(Jer no ~ri?ste, in~~wirment or ~Ieleriarativn o/ suid land or N~e improceme?sts
d~ereon at an~~ tinie; to keep tl~e l~uil~lii~~s nnic or I~erru/ter on snid lun~l ju1G/ iruured in u stun o/ nat less
than
in a com~xrn~ or co»ijxu~ics ucceplablc to thc mort;;n~cc, Nee ~~nlicy or ~wlicics to bc 1H~1~1 1,~~, nnd J?n~~ablc
to, saul n~orf~;a~;ee, und in ihe eoen~ uny s~un Qf Il1Ul1E~y bccon~es Jx~yuble b~~ vir~uc of sucli i?u~~runce the
mortgagee shall liace d~e ri~ht to recciue and up~~h~ the snme to N~e inrleGtedricss here~~y sca~rc~l, accountin~
to tlie u~ort~;u;;or for any surplt~.s; to ~w~~ ull costs, cl~ur~es, urul ex~~er~.tes, includin~ lawyer's fees and titie
searches, reaso~uilily inc~~rre~l or Jwid the ~nort~a~ee /?er.nu.se of tl~e failure o/ tl~e mort~a~or Io promptly
arul fedly roni~~ly u~itl~ d?e u~reements. stipulatioi~.s, co?ulilions a~ul c~ocenants of s~~id note u?ul this niart~a~;e,
or eitl~e?~; to ~~er/or~n, co»ipG/ u~it?~ uiul ahide 6y eucl~ ~tnd ecerr/ tl~e u~;reemenfs, stipulatia~u, CO111I1t101~.5 an~l
covenants set forN~ in suid nofe u~ul t1~is n~o?tro;;e or cillier. /n tlie evcnt the ~uort{~a;~or fails to ~~ay u~hen
due anJ tox, assessment, ir~sy~ronce premium or otl~er .rurn o/ mo~iey'wqab?c• by oirt~~c of sai~l notc and Ihis ~
mort~;a~e, or either, tl~e nmrttia{;ee may Jxu/ the sanfe, ~eifhout ~cniuii~~; or aQec.tin~; the o)~tion to /oreclose '
or an~ otlier ri~l~t liereu?uler, u~ul all suc/~ ~xtyments shall bcar interest ~rorn rlnte tl~erco/ at tlie l~i~licst lau~-
f al rate then afloeeed by the ln«s of the State of Florida.
~l any su~r~ o/ money I~erci?i re%rred to be not promptG~ ~wid ~i•itl~iri thirty dat~s ~icxt a/tcr
the same becomes due, or if each and euenJ the o~;reen~ents, stipulatio?~.s, co~ulitio~u and couenants of saicl
note an~l this mort~u~;e, or cither, arc not /ul/J J~er~or?~ied, complied u•iN~ and aGided l~J, d~en tl~e entire
suni n~entioned in suid rwte, und tliu mort~age, or, tl?e entire balunce untu~ul fl~ereon, sliall fortli~cid~ or
N~erea/ter, af Nie ontion o/ tl~e mortgu~;ee, become and be due u~ul Jwi~al~le> m~~thing in sau~ note or 1~erein
to tlie contrarr~ noteciNes~turidin~;. Foilure b~ the riiort~a~ee to exercise any o/ Nle ri~;lit.r or options I~erein
proouled sJ~all not co?~.s~itute ri icaicer o/ any ri~;hts or optiol~.s under sair/ note or tl~is mortgage accnied or
therca(tcr occruiii~. ~
~n ~itness ~hereof~ the said morttin~;or lias Irereunto si~ned nnd seuled tliese presents i1~e
day aul t/ear ~irst nLoue u-ritten.
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Si~;i t, scaled and i~ere~ iN ~ e ~~resenc' o~: ~
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~ STATE OF FI.ORIDA, ~ ~
~ Cou~Tl'oF St. Lucie ~ ~
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~ 1 HEREAY CERTIF'Y that on this day, l~cfore me, an ~
~ ofticer dnl~• auth~~rized in t}x• St?te a(orewiid and in d~e Gnu~t}• afore~aid to take- acknoN•kd~nknti, per.wn;?Ily appeared
~ James Robert Wallace II and Raeann Wallace, his wife
~ tn IIN' I.INI\lll tu Ir• tho ~x•ru~sg il~~u•rilH•d in :~n~l ~~IH~ ~•~iYUl~~~i th~• f~~n•~~~iu~ in,trnun•nt an~l they -:+~-~~~<?..~~c.t~l :
. ~ .
R ~ lw•Furi• nH• th.tt they ~~~~Y-~d~•d Iln• ..uui•. ~
. ~
~ \CI'1~\1•:5ti ~u~• le:~ud :uul ul(iiial x:d in th~• Gnint~ :ui~l tit:~t~• I:i~t alun>:u~l thi~ 14th t~~~v~; `
~ Jnne i~. 74. . ~ ~ ~ ` .
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s ny~f~ NOTAItY PUlll~ STATF OF FLORI~~AT,I~tG'~ .~j' :
: h; ~.~~j.l FLA• MY COMM15510N EXpIRE3 APR.%.1~'~ c'<• ~
' F. ~EL ' .c ,aj << lONDED THRU GENERAL INSURAN~E UN~„
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~ i BOOK 228 PAGE 25~
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