HomeMy WebLinkAbout0561 and sha~d pe?{o~m, c~o.~nplr ~ulll~ a.~d ab~d• 6r .ocl~ o»d ~~wr~r t1u aprNeunts, atipulntloris, eonditiwy nnd
eonarta~ts theno(, and of thts e~orfgnp~. l~sn f~is ~norigops and fti~ ntat~ ti~y cewcted. shnU c~a~e, t~-
t~rmine and 6~ null and ~aid.
~ Ihe mortgngor hewby Iurtl~~r covenanb ~d eo par w~P~ly wk.n dw el?. ~t~t and
int~rsl nnd othe? sums oj rrtoney proutdecr lor in said nole o,~d eh~ ntorteeg~. or ttth~: to pay au ai?~
sl~gu~ar f~e lnxes, nsseasmants, ~evies. lta6tGttes, ob~IgatIons. and er~cwn~nancys o~ ~t~ry naf.~?s on aaid pru-
peNy; to pernztf, commlt or tu~jer no wasfa. impatrn~enf or defsriorntton o~ satd ~and or tti~ improwm~b
fhPrecn af anr ti~ne; 1o IN?3p ~I~e 6utldings now or keMO~ter on satd Iand lu~y insunrcl in a ~wn o~ not ~sss
eh~ Higheet Ineurable Value of Propertf
in n rnm/wny or rnmpantes nc~ceptnb~e io !he mortgagee. fhe po~lc~? or po~icies to 6~ l~eW 6y. and pnpab~
to. said morfpagee, an~ in 11~e event any sum o~ ~noney ~c~oma ~~6[. 6y virtue b~ auc~ tnsur+anc~ th~
n~ortgagee stiu~~ hn~e the right to ?eceive and apply the some !o tl~e indebtedn~ss hersby secund, acrountt~+g
to 11~e o.ortgapor ~or any surp~us: to pny a~~ rnsb. c%arget. nnd oxpsraes. i.~clud~e b~,yK's lest and t!!~
sear+cl~es, .~ona6ly t~~~,,.~d or ~~d by ehe ~o~r9a~ee becnuse o~ t~e ~ai~uro o~ !~e mortgogor to Rrompt~y
and ~u~ly oomp~y r,velti !ke ag?eeacenta. stlpujattons, c~w~dlfiont aru~ cnvenanb ~ snic~ note and thts mortgape.
or eit~er: to per~orK, r.o~nply witb nnd n6ide by sach nnd ensry tl~e agreemenb. stipu~ationi. eonditions and
co~enants set forth Isr saic~ ~ote and t~is rreortgage or eilher. In tlse anent the r?sortgagor (d~ to ~r w~en
due nny tax, assesament, insumnc~e premium or ot~er sum o( monep payn6le 6y vi?fue o~ said note and tids
nwrtgage. or eit~ier. fhe mwtgagee may pay t1~e same, wifhout wdving or a~fecting t1~e optton to ~oreclote
or any otl~er r~gl~t I~ereu~eder, and aIl auch paymenb shaU bear tnterest Jrom date the~eoj nt tFie I~tgheat Iuw-
~ul rale lhen all.~wed 6y the 1au.s of the Slate o/ Flwlda
~l any sum of money ~erein re(emed to be not prompf~y patd u~tfhin fiftee~lal?a rtext n~t~
t6e same bernmes due, or i~ eaci~ nnd every the agreeme~ts, stipulottons, conditions nnd c~ovenanb o/ satd
note ~d thts mortgage, or eitF~er, nre not jully per~onned, rnrnp~Ied with and abtded 6y, then t1~e entire -
sum menfionecl in said note, and lhis mortgnpe, o~ ttie e?~tir+e lia~anoe unpaed thereon, s~nu ~orth~uit/~ or
therenjfer, at t~e upfion of I~e morlgagee, bec~ome ~d be d~ ~d ~,aro6[~, anything in said note or benin
to fhe contnary notu~itl~tanding. Failure 6y t6e mortgagee to exencise any o~ tke Ag~its or opHons ~erein
prouic~ed s/~a~~ nol constifute a wniver of any rigtifs or optio~u under saic~ note or this mortgage azcrued or
t6erealfer accruin9. _
ln fV~ol~ t/~e saicl morlgagor 6as hereunto signed and sealed these prwsenls tke
c~ay anc~ year jirst abone u~rilfen.
Sig , sealed and Iiae in ~ presence o/:
. ~r~f ~
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STATE OF FLORIDA, ~ j
cou.*r-rx oF St. Luc ie `
I HEREBY CERTIFY that oa this dar. before me. an
officer duly authorize~~~he State atoreuid and in the County aforcsaid to tak~ acknowkdgments~ personally appeared ~
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( J.P.MORaAN~and OLA MAE MORQAp, his Mife -
to me known to be the person described in and who executed the [~regoinq instrument andh$OC acknovrledsed
beforc me chat the~ executed che same. .
W17;~IESS my hand and o((icial seal in the Councy and Sate iast aforesaid tFu da~ d
A. D_ S9 71t
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S.L.SGKOL
~q _ POBox 35643 Miami, r~la 33135
l7irs l~r~nnr?cut p~r-parrd by: ~ R~1 P~E .
AdJmu ~0'~X ;
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