HomeMy WebLinkAbout0471 and shall perlorm, comp~y wifh and a6ide 6y eacl~ and evory t1?e agree~risMr, ~tlpu~alioni, conclition~ and
coi~enants tke?eo(, and oJ thia morlga~e, Il~en ll~ta mo?fgage nnd tl~e ettale he.,e6y crented, shall c~easa. ds-
termins and 6e null and votd.
the mo?tgaew he?u6y (urthe~ rnvenants and ngrees ta pay promptly when due the principul nnd
tntereat and olhe~ sums of money provided (or !n satd nofe and t~li ~norfgage, or eifhe~: fo pay al! and
aingu~ar 11~e faxes, assessmenfs. ~euies. Iin6tlilies. ob~tgafioru, and encum~+ancea o~ every naturo on iak~ pro-
perty; fo permit, commlf or su~f
e~ no waste. impai?ment o~ detertorallon of .atd la.~d or the tmpro~etnenb
therecn af any time; to kppP ehe 6uIldings now or herna~fer on said land /ully iruurecl in a auin o! not ~eu
el~on Thirty thousand dollars ($30, 000. 00)
tn a company or companies ac~cepta6le to tl~e mortgagee, the pollcy or pollcie~ to 6e held 6y, and pnyn6le
to, said rnortgagee, and in the event any sum of money 6ecomes ~xiyable 6y vi?tue o~ aucl~ Insurance the
mo~tgagee shall haue t1~e rig/~t to receiue and ppPly ~he sa??.e eo ehe tnde6iednes, he~by :~~d, acoounlin~
to f~e morfganor ~or any su~p~us: to pay a~~ cosfs. ctia~gea, anc~ expenses, tncluding lawyera Jees anc~ fit~e
searchea, rawsona6ly incu~recl o~ ~~d 6y the mortgagee 6ecause o~ the ~ailure o~ !he morlgagor !o promplly
and /ully romply wifh fhe agreements, stipu~aftons, rnndIt[ons nnd covenontt o~ said note nnd lhis mort9oge,
or eitl~er: to per)wm, comply with nnd a6ide 6y eacl~ and euery !he agreements, stipulations, oondifions and
couenants set fort~ tn said note anc~ t~ts mortgaee or eit/~er. /n the et~e~f !/~e mortgagor (ui~s lo pay w~en
due any lax, assessment, insurancc? premium or otl~e~ sum o~ money payable 6q virtue o/ said nole nnd this
mo~lgage, o~ either, fhe morfgagee rr~ay pay t~e same, wittiouf wntving or a(~ecting fhe option !o ~orec~ose
w any olher ri9{~t herpunder, nnd al~ suc1~ payments shall 6ear interest Jrom date ff~ereof at 1he higl~est law-
juI rate thpn allowed 6y d~e laws oj the State o) Flortda.
~l any sum o~ mon~y herein re(errecl to be no1 prompily pai~I wilhin 3~ c~ays next o~ter
t/~R same becomes due, or i! each nnd every fl~e ngreemenfs. stipulations. condilions and covenanls o) said
note and t6is mortgage, or eitl~er: are not f
ully pe~Jormed, complied wtth and o6~ded 6y, then the entire
sum mentioned in said nole, and t/~is mortgage, or the entire 6alance unpaid thereon, shnll jorthwith or
therea~ter, a! t~e opiion oj Ihe mortgngee. 6eeome and 6e due and payn6le, anyt6ing in said note or ?~erein
to ihe contrary nolu~ithstanding. Failure 6y the mortgagee to exercise nny o` the rig~ls or options herein
proaided shall not conslifuf~ n u~aiver o~ any rig~ts or options under said note or t~is morfgage accrued or
t~erea~ler nccruing.
~n ~itness ~hereof~ the soid mortgagor has I~ereunlo signed and sealed these presenls fhe
cray an~ year (irst ahot~e u~ritten. _
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; , - ~ C!~i y - ~ Jerome Pres 'o~ .
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Frances Presepio '
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STATE OF FLORIDA. ~
Cou:~~nr oF St. Lucie
I HEREBY CERTIFY that on this day~ before me, aa
o(ficer duly authorized in the State a[oresaid and in the County a(oresaid to tak~ ackaowledgments, personally appeared
JEROME PRESEPIO and FRANCES PRESEPIO, his wife
to me known to bc the person S described in and who executed the [or~going inswment and they acEnowkdged
beforc me that t~y e:ecuted the same. " F
~YI1'\`ESS my hand and of(icial stal in thc County an~ Statc last aforesaid this 20th of ~
5~~~.$fi~Y' A. D. 19 7l} i
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~ ~ i.,"~_r:t Notar Public, State{C Fl ~ a
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: ~ My Corr~nission Expire .
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