HomeMy WebLinkAbout1905 an~ sl~nll pe?jorm, coinply wiih nnd a6ide 6y each and every Ih~ ugreementt, sfjpuJa!loni, condilions ond
corenanls the?eoj, nnd oj 11?i: mortgnge, tl~en If~i~ mo?tgage und Ihe estats hsr+e6y cnated, sl?a1l ceass, dt-
lermi~e and 6e null an~l iwid.
ttie mo?fgaflor hen~6y lu~tf~er rn~~enants and agrees to pay pro+nplly when dw th~ principol ond
inferesl and ofl~er sums o~ money provided jor in said nofe nnd t~eii mo?tgaAe, or eit~eer; fo pny all and
sin~ular Ihe faxes, ass~ssments, ~euies, lia6ilities, ob~igations, nnd encumbrancai oJ e~~pry natun on sntd pro-
perly; lo permif, comr?iif oi suj~e~ no wasfe, Impuirment o? detsrior+afion o~ sa~d la.~d or t~e Improoemenl~
!tie?~eon ol any time;. fo ~~ep ihe 6uil~Iinga naw o? h~~ra(ttr on said land ~ully insu~ecl in a surin oj ~ot ~ess
ihan Two Thousand, Seven Hundred and no/100 Dollars ($2 7QQ .00)
!n a compony or eompanies accPpfab~e fo fl~e morfgagee. fhe po~tcy o~ pollcFes to 6e ~e~d by, and puya6ls
fo, said ~no.t~an~. an~ in t~P erenl any sum o~ money 6PCOmes poyu6le by ~~iriue of suc~t ~nsurance the
moMgappe shall ha~~p the righf fo rrceive an~l apply Ihe same ~o IF~e inde6tednes: here6y secured. accuunting
to ll~e mortga~o~ jor anp surplus: fo poy a~~ costs, ctiarqas, anc~ expensps, inc~ucri~g lawyer s~ees anc~ ttl~t
searchps, rpasona{?~y incu~ or paid ~?y fhp mnrlgagee because oj fke jai~ure of ftie rnorlgngor to prontpt~y
and jully comply ujill~ Ihe an?pements, stipulafions, t~unditions and rnvenants oJ said nole and this mortgoge.
or eitti~r: to pPrlorm, comply u~ifl~ an~ a~~i.~~ ~?y POC~ anc~ Pi•ery fhe ngreemenfs, slipu~afions, concjifions and
co~~nanls set jo?Iti in said note ancl t~iis morfgaqe or eif~er. ~n !he evenf fhe morfgagor (ni~.s fo pay w~en
due any tax, assessmenl, insu?ancp pr~mium o? ~ther sum oJ money paya6le 6y ~irlue oJ snid note and lhis
morfga~e, o~ eit~~r. 1~~~ morfgugeP may pn~ fhe SARIP. u~ithouf waiving or aj~ecfing the option to jorec~ose
or nny oi{~er ~iqht hPrnunder, antl a~l su~ G ~>u~mrnts sI~aII 6ear intprPSt (rom clafe thpreoj af f~e 1~ighest law-
~II' ~AIN ~~I~'il A~~OIV~ ~V ~~P ~fill~S O+ ~~It' ~~t1~P OJ ~~O~I(~(I. _
~L any sum o~ money I~ernin rr(rr~~K~ ta I~P not promptly paicl wifhin thirty t~ays ?~~•xt of ter
i{~e snm~ 6n-om~~ duP, or if e~~-1~ nnd ~r.•rv 11~~ aq?rpmenfs. stipulalions. conditions antl rnuenants of said
notP and f1~is morf~ac~~. or ~i~l~er, nrr .i~,1 ~ully nP?(ormed. ~~mp[ied u~ii{~ and a6~d~! by. tleen the enti?e
sum mpnfione~ in sai~ not~, an~ Itiic morlga~r, or !~e p~~fire ba~ance u~poic~ ttie~on. s1~a~I (orthwith or
t{~PrPa~lPr, at t1u• oplion A~ I~P mor1~1~4~~. h~'om~ an~I be tlue. anc~ pnya6le, anyi~ing in said note or he?ein
fo Ih~ rnnfrary nolurifl~sfan~Iin,ry. Fai~urp j?v I~~~ murfRagep to exercise nny o~ fhe rtg~fs o~ optiona ~erein
prY,~~i~~K~ sha~~ nol ~m~sfih~fr n u•nirpr n( anv ri~~~~ts or opfians un~er sai~ nofp or (his mortgage at'cruet~ or
Itirt~n~i~~r ACCr111t1[~.
~n ~itness ~hereof~ 1~~~' ~OI(~ morf,yu~~or ~OS hprpunto signpcl an~ sPalpcl tkese presents t~P
t~ny an~ y~•nr ~irsl a~~o~~P u~rilten.
Signfi~. spa~ptl nn~ t~P~i~~er~t~ i~e f~i~ pr~c.~ni-~~ u~-
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STATE OF FLl)RID.A, j
CUt'NTY OF St. Lucie ~
I HEREBY CERTIFY that on this day, betore me, an ~
O~~If~f- d11I)' 1U1F10lIlyd in thc Statr a(oresaid and in th~ Counh• aforesaid to tak~ acknowled¢ments~ pe~rsonally appeared -
William L. Penn and Beverly J. Penn, his wife
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to m~~ knuwn to be~ th~ prrwn des~riFxd in ~nd who tzecut~d the [or~QOin¢ instrument and they acknowkdRed ~
b~(orr me that they executecl the same.
N'17~\ESS my hand ancl of(i~ial sral in th~• Counq• and St.u~• last afor~said this 4th d~Y ~
~ October A. D. 19 74.
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F~ f LED ANO REC R EO . - _ .
~ i~. WCIE COUNTY ~~A. - _ ~
IlOCER ~atTRA3 - " ~ - .
~ CLERK CIRCWT COURT `L~ _;•r'' -
~ RECORD vER+F~EG~V~ .
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