HomeMy WebLinkAbout0870 anc~ shall pe~fore~, c~omp~y u~ii{~ anc~ nb~d~ by ~1~ and ei~ery t~e agreemenfs. ~Npu~altorit, condlftons and
covena~ts Ihpreoj, and oJ thts morf~a~e. Il~en lhis morlgage nnd ths estale h~e6y crnafed, sf~all ceass, de-
te?mine and be null a~~d votd.
f~P morfgn{~or hen+tiy ~urihe~ covenants ana agrees to pay promplly when aue II~e prlncipul a~d
inferes! and off~e~ suma o~ money provf~ec~ jo~ tn satc~ note and 11~it mortgage, w eilher: fo pay n~~ and
stngu~a~ !he laxes. assessments, ~evies. ~iabt~iliet, ob~igations, and encumbmncei oJ every nafure on aofd pro-
perty: lo permil, comRtlt o~ au~~er no wasle, impairment o~ cjeterio?afion o~ aaid lune~ or fhe improvementa
~ t~erecn af any fime: to ~PPP IIIP ~p1I(flllflS IIOW Or IIP~PQJfn~ on ~atd land (u~~y tnsu?ecj tn a sum o~ nof ~ess
~han Twenty-eight ThOU88I1d and NO/100---------'---------------------
t., «~n~nnnnv o~ companies accenta6le to Il~e mwigagee. the poltcy or policiea to 6e hetd 6y, and poya6le
to, aate~ morigagee. an~ in ttiP event any sum o) money bec~omea payabk by airtue oj sucR t?uurance ine
mortgagee s1~ull have the right to receive and upply tl~e same to the tnde6tedness here6y secured, accounting
fo t~e morlganor (or any su~pliu: to pny aII rnsts, ctiarges, ant~ expe?ues, inc~ucring ~awyer s jees and lit~e
searches, reasonably incu..~ o~ ~~d 6y ~hp ~~.t9ag~ because of f~e ~oi~urn oj fhp morfgagor lo prompt~y
anc~ ~ully comply u~ifti fhe ugreemenls, sftpu~attons, conditions and covenunts o( suid note and th~s mortga9e.
o~ eitl~er; to perform, eomply wtth and abide bq each ond every the ag?eements, slipulntions, condiftons and
covenants set (orlF~ in said ~ote and this mo~tgage o~ either. In ths event the moetgago~ jails to pay w1~en
due any tax, assessmenf, insurance premium or ot~er sum o~ money paya6le~ 6y virlue o~ 3aicl note and ttits
mortgage. o~ eit~ier, the mortgage~e may pny Ihe same. iutthouf watving or aJf
ecting ihe oplion to ~orec~ose
or any olher ri~I~t I~nrpun~er, and all such paymenta shall 6ear interrst ~rom date fl~erroj at ~f~e highest law-
~ul rate Ihen allou~ecl by the lau~s of the S~(IIP. o~ Florida
~l any sum oj mon~y. herein re(emecl lo be not prompf~y pnid within ~llr~ c~ays next aJter
Ihe aame bpcomes c~ue, or i( each ane~ every Ihe agreements, siipu~afions, con~/itions and covenants o~ said
note and Ihis mortgage, or ei~ke~, are not jully perJorn~ed. complied witk and a6ided by. then the enli?e
aum mentioned in said note, uncf this morlga9e, or the entire 6alance unpaid thereon, shall ~orlhwitF~ or
- Ihereajler, at Il~e option o/ the mo~tgagee, 6ecome ~d 6e due and puyn6le, anylhing in auid note. or 6erein
to I~e confrary notu~ithsla~ding. Failure 6y the mortgagee to exercise any o~ f~e rigtits or options ~erein +
providecl s{~a~~ nof coi~stitute a u~airer o~ any ?i~~ts or opfions unc~er saic~ note or Ihts mortgage accrued o~
t~ereaJler accruing.
~n ~itness ~hereof~ t~~e saicl mortgagor has hpreunto signetl and senled Ihese presenls f6e
aay and year jirs[ above writfen. ~ ~
Sig~ c~, ea~etl antl 'n the presence o):
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~ STATE OF FLORIDA.
COUh'TY OF ST. LUCIE ~
~ I HEREBY (:ER'I'IFY that on this day~ beforc me. an
o(ficer duly authorized in the State aforesaid and in the County atoresaid to tate acknowledgmena~ personaiip appeared
JEROME STABILL
to me known to ix the penon dcscribed in and who eaecuted the for~qoinq instrument aad he acknowkdsed
befote me t6at he e:ecuted the same.
~.';,_~IT'NESS my hand and ofiicial seal in thc County and Statc last afonsaid this 29~ day of
. ~ ~~t+iera A. D. 19 74. -
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~ ~,~i,L~•~,',~".= : My commission expires: 7 7'~
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