HomeMy WebLinkAbout1399 nnd shall ~+erfo~m, complv wil1~ and a6td. 6y ~h nrtd ei~ery tl~~ agreements, ~flpulationi. conditiona and
coi~enan~s tf~e?eoj, and of thls morf9aAe, lhen fl~ti mortgnge and tl~e sstale I~e~6y cnated, rl~nll cv.ws~. d~-
termi~s an~ be null un~I voii~.
~ tl~p mortgagor heruby (urther covena~ts o~d ogrees fo pay promptly wken dut the principol and
inferesl and other sums o~ money provlded ~or in saicl note nnd lhis ~nortgage, or eifl~er; to pay ou and
stngu~ar ftie fares, assessme~~ls, ~eviea. ~Inbi~ilie:. ob~igaftons, and encum6r+anesa of every nafure on saft~ pro-
perty: ta pe~nif, rnmmit or su~~er no wasfe, impni~ment or deteriorntion o~ anic~ ~and or fhe improvemenla
IhP.rcn at any time: to k~p ehp buil~infls ~ow or her~~ler on said Innd /ully ins~ued in a aum oJ not less
~tia~ highest insuxable value
in n company or c~ompanies accrpta6~e lo the morlgagee, fhe po~icy o~ po~tciea to 6e tie~ by, nnd poya6b
!a, said mort~agee, and in t1~P even! any sum of money 6ecomes Poyabl~ by virtue o( such insurance the
mortgagee s{~u~~ ~ai~R t~e ~igtit to receive and opply Ihe swns to tl~e inde6fedneu here6y secur.rd, acrounting
to the mortga~or ~o~ any surp~~u: lo pay a~~ cosls, charges, n~d expenses, inc~udi~g ~awyer~s fees nnd fil~e
searcl~es. reaso~a6ly incur?etI o~ paid by Ihe mortgapee 6ecause oj tl~e jnilure o/ fhe mortgagor to prompt~y
and jully comply u~itl~ the ag?eements, stlpu~ntions, eoncritions and c~ovenanfs o~ said note nnd tF~is morlguge.
or either: to per/orm, rnmply u?itk and abide by each and every lF~e agreements, stipulnlions, conditlons nnd
covenants set fortl~ in said note and this mo?fgage or eif~er. ~n f1~e evenf the morfgagor (ai~s to pay w~en
due uny tax, assessmenf, i~uuranc~e premium o~ olhe~ sum of money pnyub~e 6~ virlue oJ snic~ nole and t~Is
mortgage.'or PI~hP~, ttie mortgagee may pny ftie same. wit~out u~niving or aj~e~:ting the opteon to (orec~ose
or any ofl~er ri~{~t {~erP~in~er, and all suc6 payments shall 6ear intpresf ~ro~n date therro~ at Itie I~igtiest law-
(u~ ~ale 1{~en a~~otve~ hy fl~e ~au~s of if~e Stafe o~ F~ori~a.
1l nny sum o~ money I~erein re(erred to be not prompt~y pnu~ within ten c~ays next nf ter
fhe same becomes ~ue, or iJ each and every t~e agreements, stipulnfions. rnntlitions and c~ovenanls o) said
notR nnd this morlga~e, or either, are no1 /ully perJormed, complied wil1~ nnd a6~dpd 6y, tl?en 1F~e entire
sum mentioned in said note, und Ihis mortgage, or !6e entire 6alnnce unpnid thereon, sball Jorl6wifl~ or
fhereaJter, af tke opfion o~ f{~e mortgagee. 6ecome un~I 6e due and paya6le, anyf~ing in said nole or ~erein
to f{~e con/rary nolu~iflufancling. Failure by Itie mortgngee to exercise dny of t~e rig~ts or options ~erein
pronided sha~~ nol constiiute n wai~~er o~ any rig~ls or options under said nole or Ihis mortgage accruec~ or
t~ereaJter ~i. ~uing.
~n ~itness ~hereof~ If~e said morfgagor hns I~ereunio siqn~ and sealecl t?~ese presenls fhe
day and year ~irs! a6one ioriffen. !
Signet~. spa~e~ an~ ~Ieli~~eretr in the prnsence of :
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STATE OF FLORID4~ ~
coc~~rv ~F ST . LUCIE
I HEREBY CERTIFY that on this day, before me. an
ofiic~r duly authorizrd in the Stat~ aforesaid and in the Cou~ty aforesaid to uk~ acknowledgments. personallr apptarcd
Donald J. Kerxt and Ruth E. I;ern. his wife
to me known to b~ the personS descr~bed in and who executed the for~goin,q instrument and t~y acknowkd~ed `
beforc me that t~l~2y ~x~cuted the same. j
N'I"1'NESS my hand and official seal in thc County and atc st a(or~said this ~ 3rd •••~f,
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- .1L11.~1 A. D. 1974 • 1 , ~ ( ,
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i~86403 RICNARD D. SNEED, 1R.
~ Attom~y At law
700 ~rg;nia Ara. s~~
( Tl1;s l~u~n~~„~rrr p,rp,r«! by: Sun Bank Bldg. - Sui±e 1Q2 80~I~.~ray PA~~t~ -
I Jd.~~~s ~d Berce, Fla. 3',~~Q .
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