HomeMy WebLinkAbout0585 and sliall ~~er/orm, cornply icith u?ul ul,i~le by encl~ ur~~l eorr~ Nic u~re~e~meuts, .ctipulutio~u, cuiulitio~~.s and
cove?xtnts tliereof. arul o/ lhis u~orfkuke, Ihen Ihis rr~ort~u~~~ au~! N~c cstutc l~crcl~y crcated, s1u~11 cense, de-
fermine and be ne~l! and coirl. .
~ the mort~;u~;or here~y /urther coce~wnts urul o~;rees to Jxry prompNy w1~en due t1~e princiJwl mul ~
interest and otl~er sums of mone~ ~~rovi~Ied for in soid uote a?ul N~is ~~iarfgage, or either; to 1wy all a?ul +
singalar the taxes, assess?r~ents, leuies, liabilities, oGli~atior~s, u~id encY~mbrances of c~:en/ twture on suul Nrop-
erty; to permit, con~u+it or s~~Ber no ~~uste, im~wirn~ent ar ~leterioration of saic/ la~u! or the in~~rooements
thereon at any time; to keep tl~e baildin~;s now or hereu~ter on suul lund Jufly irue~rcd in a sum of not less ~
thon Fifteen Thoueand and No/ 100---------------------------------"""
in a company or companies acce~~tul,le to the n~ortga~;ee, N~e policy or ~wlicies to be 1iek~ by. a?x1 jwyable
In cniil mnrfrinna~! n~u~ eD t~/P. nuent anu sum af tnoneu ~)CCOtNCS ~wuaGle Gu virtuc Of SlIC~I i?uurance ehe
mortgagee shall l~ave tl~e ri~;ht to receiue und app6~ the san~e to tlie indebted?~ess hereby secured, accounting
to the mort~a~;or for any nu~~lus; to ~wy a(l costs, churges, a~ul c>xperues, incliulin~; la~cyer's fees a~ul title
searches, reasorwl~ly incurrecl or paid by t)~e r»ortgagee beca~u~e o~ t?~e failure of the r~rortgagor to ~romptly
a~ul fully comply u;ith t)re agreeneents, stipulations, co~u~itions ancl caueri~nts of saul note arui tliis mortgage, ~
or eiNier; to per/orni, comyly u;itb anc! obide liy cach and e~;en~ the ~~;reements, stipe~?ations, corulitions and ;
couenants set forth in saut note arul this mort~age or either. In the evcnt the n~ortgogor fails to pay ichen '
due any tax, assesstnent, insurnnce premium or other seun oj moncy }w~/aGle by virtue of said note a?u~ tl,is =
mortgage, or either, Nee mortgagce may jwy tl~e same, ~c~thout t~aivin~; nr uBect~ng the option to foredose i
or an~ other rigl~t hereunder, qrul all such paymen~s sha?! bcar interest from dute thercof at the /~i~hest la~c• 1
ful rate then allowed by ihe laws of ihe State of Florida. ~
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a?u~ sum of money lierein referred to Ge not prom~~tly Jxtut ecithin 3p days neact aftcr ;
the same becomes due, or if- each anci evenJ the n~reements, sti~~ulations, corulitions arul cooenants of saicI ~
~wte a?ul ihis mort~;ahe, or either, are not fully performed, eomplied ecitJi mul abicied by, f1~en !he entire
sum mentioned in sau~ ?wte, arul t1~is mortgage, or the entire Gnlance uii>>aicl thereon, shall forthicitl~ or =
therea~ter, at die oJ~tion o/ ihe mortga~ee, ~iecome and Ge de~e a?ui Jw~afile, anJihing in said nofe or herein
to the conNan/ notuiihstanding. Failure by the mort~a~;ee to exercise any o/ N~e reghts or options herein
prouufecl shall not constitute a icaiver of an~ rights or optio~u u?uler sau! nole or d~is mortgage accrued or
ti~ereafter accruing. i
~n ~itness ~hereof~ ga;;or has 1~eretmto si ?ned and sealed tliese resents the ~
the said mort P
day anct year first aliooe u~ritten.
Signed, sealed d deliLered in the presence of:
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~ STATE OF FLORiDA,
~ cov~~n oF gt. Lucie ~
~ I NEREBY CERTIFY that on this ciay, before me, an
~ officer duly a~d}x~riud in thc Stste afore.~aicl and in the County aiorcsaid to tal:e acknow•ledgments, personallY appeared
Edgar P. DeFr~est and Lyda S. DeFriest, his wife
to me• kiN~~~ n to IM• ib~• ~x•rvm t6•tia•rilw~il in an~l ~clw ~•~~Y•ut~•~1 th~• (un•~oink inctrunN•ut :uicl theY :~i•{;~„~~~•letl}Ct~l
~x~t~?«• ~~K• d~:?~ they ~•\lY'l1~tYI ~IIP
~\'IT\P.1ti ui~• h.?ncl :ind u(ficial v~:~l in dtc ('wr~nh arnl tit:d~• I:nt +vil this 23 rd. day of
July a. t~. 74
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