HomeMy WebLinkAbout2261 and shal! Nt?/orm, compi~ with and aLkle Ly each uud eucry tl~e u~;ncuu~nts, stipulalions. cnnditions and
covenanta thereof, anct of this mortKa~e, then this mor~Ra~;e a~u! tl~e estate hereby created, dwtl c~ase, ds-
' termine arul be null and void.
~ ihs ~nortgabor hereby further couenants and agrees fo pay promptly whee dus tha principot ewd
inter~est ond other sums of money p?ookled ~o? in said note and this mo~tgoge, or eithtr, to puy aU oad
s~nguTar fhe taxes, assessments, leuies, ljabilitiea, otiligata~~s, aul encumbrancea of every natur~e a? ++aid ProP'
erty; to permit, commit or su$er no waste, impajrment or deteraration of sokl iand or ths im/x~~eu~ewts
. thereon at a?~y tfine; to keep the buil~linE;a now or hereafter on suid land fuUy i,uured in s su~a o/ oot leas
than Eight Thousand and No/ 100 -
~n o c~nmpany or companies acc~eptoliie to the mortga~ee, d~e poitcy o? ~wlicies to be held ~j, and 1~cy~oble
to, said mortgagee, and fn the event ony suin of money Gecomes payabie by vatue of suah inwro~e ths
mortgagee shall I,ave the riKht to receive and apply the sanie to the indebtedness her~eby s~uned ~caounting
to the mortgogor for any surNlus; to poy a[1 costs, charges, and e:penses, includin~ bwye~'s f~ts a~d Mk
searches, reaso~wl~ly incurred or pokl by the mortgagee hecause of the failure of ihe mortgag~or to pw~nptiy
and fuily comply uith tHe agreements, stipulations, cond~tiona and cooenants of soid note and tha uwrtgage,
or either, to perform, comply with araI aGide by each a?ul eoen~ the ogreeme+us, stipubtions, oonduions au~i
covenants set forth tn said note and thts mortgage or either. In the eoent t/ui mortgagor fails to pey s',J~w
due uny tax, assessment, fnsurance premium or other sum of _ mvney payatile by ~ue of said note a~d 't~s
mortgage. or either, ihe mortgagee may pay ihe same, without uaioing or a~ecting iht option to forodo~
or any other right hereunder, and aU such Nayments shaU bear inte~eat from date fheneof at tl~e hip.l+est laec-
ful rate then aUowed by t1~e iauu of the State of FTorida.
~f any sum of money h'erein re%rned to be not promptly paid w~ithin 30
the same becomes due, or if each and every ihe agreements, stipulations. annciition* and ~otnawts of
note and this mortgage, or either, are not fuUy performed, complied uith and ahidod by, thea ti+t ~tine
sum meniioned in said note, and this mortgnge, or the - entire balance unNaid il~ereon, ahdl ford~~cit1~ a?
ihereafter, at the o~tion of the mortgagee, Geeome and be due und payaGle, anything utt a,oid not~ or 1~nia
to the contrary notu;ithstanding. Failure by the mortgagee to exercise uny of the righ~s or options 1~en++e
provicled shaU not constite~te a uainer of any rights or options unde? said note or this rnortgagt aa~+~d or
thereafter occruing. _
~n ~it~ess ~hereof~ the said mortgngor has hereunto signed and a+ealed these p~eNs t1x
duy and year first above icritten. ,
Signed, sealed ancl deli~ere~t in the presence of:
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SGTE OF FLORIDA, ~
CouN'nt oF St. Lucie
I IiEREBY CERI7FY that on this daY, before me, a~
o~cer duly authorizecl in the State aforesaid and in the County aforesaid to take acknow'iedgnents, P~soaaU) ~
Joseph B. Miles and Arbell J. Miles
tct nx• k~x~~vn to I~ tFx~ }x•rxon di~ccri{x-d in aod ~vFw~ ~•uti•uted llx• fony.H~in{C inctnmx-nt a~xl ~e~ x~l~?r?~edlpitd
1?efon• ux th+t ~ey i•\tY'O~IYI ~IN• .:~nK..
~VIT?~ESS my }IiIIK~ all(I ITIFlflal u:d in Ux• G~nnt~• :mJ tit•rte lact aforcsaid this ~~1. ~°f
October ?4
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NOTARY PUEtIC STATE Of FLQRlDF-AT• 11~~ti.~, ~
FIE~iQR~1E~ MY C7YMrcc10N EXPlRfS t~iUY. S, ~97~ I
A Y F ~ ~D T!iRU GE!~`_RAL INSUR9i~ U1}'~=1wR~1~
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