HomeMy WebLinkAbout0481 ~n~ shall ~rJorm. ~-omp~y iuil{~ anc~ n~i~~e by eoc~ and eoery Ihe agreements. sllpu~altoris. condittona and
coi~enanls ih~~ew(. and a( fl~is morlga~e, then ihia mwlga~e and Ii~e eaiate here6y crealecl, shall cease, de-
lern~ine a~u~ ~?e nu~~ n?u~ i~oi~~.
T1n~ t~iw murff~a~o~ ~~en~by (urlher couenanls anc~ agreet to pay prompf~y w1~en ~U@ IIIR P~l/1C~EHII Olld
inten~sl an~ oltier surns of money proi~i~ecl Jor in sald nofe and I~ils mortgage, or either. fo pay a~~ and
stnflu~ar fhe fa.res. assrssm~nls, ~evies. ~iabi~ifies, ob~i{~ations, and encum6mnces of every nofure on said pro-
perly; fo ~rmil, commif or suf~er no u+asle, impairmeni o~ c~ele?ioralion o( said ~anc~ o~ fhe improvemenla
. ihPr~n al any lime: to ~r~ep Ihe he~ildin~s now or he?eu(t~r on said land ~ully insurecl in a sum o( not less
than highest insurable value
in a c-ompany or i-ompanies acceptable to Ihe mortflap~e, ihe policy o~ poltcies to be held 6y, and payable
to, said morlf~a~ee, and in the ene~~t any sum oj mon~y 6ecomea r~yabl~ 6y i~irlue of such insuranre fhe
morl~a~ee sRall l~a~~~ fF~e rig{~t 1o receive and apply the snme fo thp inde6tednc?ss {~ereby secured, aceou~ling
fo f~e moriganor ~or any surplus; to pay a~~ cosfs, c{~a?ges, and expenses, includtng ~awyer~s Jees and tif~e
sean•F~es, rposonn~,~y incur?p~ or ~~d by thp mortgagee hecause o~ the ~ai~ure of fhe morfgagor to prompf~y
an~ ~ully c-amply u~if~ Ihe apreemenfs, sfipu~afions, conc~iiions and covenanls oj aaid note anc~ thts mortgage.
or eilf~er; to perjo?m, comply with and a6ide 6y eacF~ and every the agreements. stipulations, conditions and
coi~enanis set forl~~ in sai~ nofe and this morfflage or eittier. /n IhP P.VPR~ I~B morfgagor rai~s to pay u~hen
duc any tax, assessment, insurance premium or other sum oJ money paya6le 6y virlue o( said nole and tl~is
mortga~e, or eil~~er, t{~e murtganec~ may pay ftie same, u~ilhouf u~aiuing or aj~ecling the option !o forec~ose
o? any oltier riryl~t herpun~er; and alI such payments shall 6par intvrpst Jrom date tl~ereoj a! the F~ighest lau?-
~u~ rnfP 1~~~n a~~o~ue~~ ~~y t~~~ ~au~s o~ t~~ Sfale oJ Florida.
«ny sum oJ muney I~erein re~erre~ fo he not prompl~y pait~ wifhi?~ THIRTY ~3~NaYs next n~te?
I~~p same hPCOm~s ~ue, or i~ each anc~ every Ihe agreem~nls. stipu~ations, conclitions ancr co~~enants of saie~
nole and this mortgaf~e. or pit6er, are noi (ully pe?jormecl. eomplied will~ ancl a6~d~1 6y, t{~en Ihe entirr
sum mentioned in said note, and this morlgage, or the enti?e balance unpaid thereon, shall /ortF~u~itF~ or
f~ereaJter, at th~ opfion oj f{~e mort~af~ee. F~ecome an~ 6e due and paya6le, anyt~ing in saic~ nofe or herein
to t~e conlrary notwillistanc~ing. Failure ~>y f{~e morlpagee fo exercise any of f{~e rig~fs o~ options tierein
prot*i~~e~ s{~a~~ not constilutP a tuair~r o~ any ri~{~is or oplions under snid note or f~is mortgage accrue~ or
I~ereaJter accvuing.
~n ~itness ~hereof~ f{~e said mortgngor has {~prnunlo siqnecl anrl sealerl thpse presents ttie
c~ay anc~ yc~ar f irsf ahore ee+ritfen.
Sigri : se lpd and dPlinered in tl~~ pres~ncp o):
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_ ~RLEY HcGILL
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STATE OF FLORIDA, ~
Co~~TY c~F ST. LUCIE
~ I HEREBY CERTIFY that on this day~ before me, an
officer duly authorized in the Statc afor~said and in the County aforesaid to tak~ acl•nowledgments~ personally appearcd
EARL McGILL and SHIRLEY ANNE McGZLL, his wife
to mc known to b~ thc pcrson S described in and who e:ecutecl the (or~goin,q instrument and ii110 acknowledged ~
beforc me that thep ~xecuted the same.
N 17'NESS my 6and and official seal in the County and State last aforesaid this 20 day o(
September A D 19 74 '
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" NOTARY PUBLIC
- L t{~?RM N,
~ - ~ pUBIIC 57~~ ~ flOR1DA AT U?Ii6E
~ . . ~ ~1 ' , ~ " ~ My COMMISSION EXPIRFS iAARCN 31. 1978.
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F1LED AftU kECORDED
~ "'~.t~~, ST.IUCIE ~OUNTY FIA. ~
; 1~' ROCER POtTRAS
~ ' CIERK CIFCUlT COURT
~ ' RFGOR~ Vfp~f'E)
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p ~ y~ ~2Q~6
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