HomeMy WebLinkAbout0751 and s/~aR ~r/orn~, compiy ~citl~ a~ul al,ide I,y each and eucrtJ t)ie u~;rceu~euts, stipulatioru, co~uHtioi~,s and
covenants thereof, atul o/ this morfga~e, then t1~is mort~;u~e u~u! t1~e estate hereby created, s)~all cease, de-
termine and be null and void. .
.
' ~ the mortgagor hereby ~u?ther coueiwnes a~ul agrees to Jxiy prompNy when due the princt~al and
interest oncl other sums of money prout~[ed /or in said note an~t th~s mort~age, or either; fo }xiy alt and
sFnguIar the taxes, assessments, leuies, liabilities, obligatfo~~s, and encumGrances of e~er,y nature on saul prop-
erty; to perniit, commit or sueer rw uoste, impalrnient or deteriorution o/ said laru! or the improve»ients
tliereon at a~u~ time; to keep tlie buil~lings noiv rn hereo/ter on said lurut fully insured in a sum of not iess
ihan ~
in a cQmpany or componies acc~e~tal~le to the mortga~;ee, t)~e policy or policies to be I~elct by, and payabTe
to, said mortgagee, arut in the euent any s~nn o/ mo?iey becomes pa,yabie by utrteie of such i?~,surance the
mortgagee shall have the rtght to rec~eiue arul upNly the same to tlie indeLtecIness hereby secured, occounting
to the mortgagor for any sury~lus; to >>ay a!l costs, churges, arul exper~ses, including laicyers fees and title
searches, reasonably ince~rred or paid by ihe mortgabee Gecause of tl~e /ailure o/ the mortgagor to promptly
and fully comply with the agreements, sti~uiations, corulitions n?ul couenants of said note arui tl~is mortgoge,
or eitiier; to perform, compl~ with arul abide by cach arul eoery the agree~nents, stipulations, conditions and
covenants set forth tn said note and ihis mortgage or either. In the eoent ehe mortgagor fails to pay u:hen
due an~ tax, ossessment, insurance }~remium or odier suni of ma~ey puyable by vir.tue of saicl note and thu
mortgage, or either, the mortgagee may pay tlie same, u~ithout u;aioin~ or a~ecting the option to foreclose
or any other riglit Iieree~nder, and aU such ~wyments shaU Gear interest from dute thereof at the hi~hest 1a~c-
fui rute then allowed by the lau;s of the State of Florida.
an,y sum of money l~erein refe?red to be not promptly Naid ~cithin thir'ty days next after
the same becomes due, or if each and eoery the agreements, stipulatio?u> co~ulitions and cooenants of said
note and this mortbage, or either, are not fully performed, com~~lied ecitle ancl abuled by, then ihe entrre
sum mentioned in said note, aru! thu mortgage, or ihe entire lialance un~ait! thereon, shaJl forthwitli or
thereafter, at the option o/ il~e mortgagee, become and be due a~ul payaLle, anything in said note or I~erein
~ to the contrary notu;ithstanding. Failure 6y tlie mortgabee to exercise any of tl~e rights or options herein
provuled shall not constitute a u;aiver o/ any rights o~ options under said note or ihis mortgage accneed or
thereufter accruing.
tlie said mortga~or hos hereunto signed arul sealed these presents the
day und year firsi aliooe i~ritten.
Signecl, seaied and delivered en ihe presenee of:
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STATE O~ FLORIDA. ~
covN'r~t oF St. Lucie
I NEREBY CERTIFY that on this day, beEore me, an
o~cer duly authorizecl in the State aforesaid and in the County aforesaid M take acknowledgments, personallY aPPea*ed
John T. O'Donnell and Lydia M. O'Donnell, his wife
y :u•kno..•k~l~ted
to nx• k~x~~cn to Ix• fM~ ~x•rson Sal~~crilx•d in and ~~}w~ t•~i~c•~d~•d tlH• fon•LOinK ia.tnmx•nt a~~d the
liefott• ux' N~:~t they i•~~Y•ut~~tl d?~• +auK~-
\VIT\F.tiS nry h:uxl and offici:d u~xl in thi• (:~umt}~ and St:~tr I:t~t afon•s:ud this Z~th day of
September A• i~- ?4
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