HomeMy WebLinkAbout2360 and shall pe?/orm, co»~p1~ icith urul abi~le b~ ~ac/i a~?d euc?y t)~e a~;rcc•rnci~fs, stip~dutio~u, cu~ulitio~u and
covenants tl~ereof, and o/ N~is niortga~;e, t1~en tliis i?iort~;u~e and tl~c estate )~erebiJ created, sliall cease, de-
tennine and be null ond uoid.
~ the mortgogor liereby further co~enants aru! agrees to pay promp~ly when clue ti~e principal and
interest anii other sums of »~o?~ey p~oniclecl /or in said note a?ul this mortgage, or either; to ~wy all and
stngular the taYes, osse.ssments, leuies, liabili~ies, obligatio~~s, oncl eruwmbrances af euery ~ature on sakl prop-
erty; to permit, commii or sueer no uaste, impatrment or cleteriorotion of said 1an~l or the improvements
ihereon at any time: to keep the l~uiktin~s now or herea/ter an said lurut fuAy iru-uretl iri tt sum of not less
ihan Seventeen Thous~nd Seven Hundred Fifty and no/100--------
in a company or companies acc8ptoblc to tbe mortga~;ee, ihe poltcy or poltcies to be hekl by, and Na,yable
to, sokl mortgagee, au! in the e~ent any sum of money Geconies pa,yoble by virtue of such insurunce the
mortgagee shaU haue ihe ~ight to receioe a~ui opp1E~ the saaie to the i?ulebtedness IiereZy secured, occounting
to the mongagor for any surpfus; to Nay alI costs, chorges, anct ex~~enses, ~ncluding lawyer's fees and titie
searches, reasonably incurred or paicl by the mo~tbagee becuuse of tlee failur~ o/ the mortgagor to promptly
and fully com~ly uith the ogreements, sti~nrlations, corutitions nnd cove?wnts of said note ancl thu mortga~e,
or either; to per.for?n, comply tuith and abide Gy each anc! every tl~e ogreements, stipulations, conditions and
covenants set forth in said note and this mortgage or eitlier. In the euent the mortgogor fails to uay uhen _
due any tax, assessment, insuronce }nemium or otlier sznn of money payal~le Gy virtue of soid note arul t1~is
mortgage, or either, the mortgabee may pny ihe same, without u;afving or a~ectir~g the option to foreclose
or any other right hereuncler, and al! such payments shaU Gear enterest from date tliereof at the ht~/~est ?aec-
ful rate then allowed by li;e laws of ihe State of Florida.
uny sum of money herein referred to be not promptG~ paid uithin thirty ~ys
the same becomes due, or if each ond eoery the agreements, stipulations, conditeons and couenants of said
note and this mortgoge, or either, are not fuUy performed, comylied icith arul a~iicled by, tlien the eniire
sum mentioned in soid note, and this mortgage, or ihe entire 6nlance unJwai ihereon, shall forthw~th or
fhereafter, at the o~tion of t1~e mortgagee, become and be due and ~xu~aGle, anything in sakl note or herein
to the contrary notu;iilistaruling. Failure Gy the mort~agee to exercise any o~ the rights or options herein
}nouided shall not constitute a uaiver of uny righis -or options under said note or t)iis mort~age accn~ed or
ihereaf
ter accruing. .
~~~f
~ the said mortgagor has hereunto si~rePd a~ul sealed these presents ihe
day und year first aliove ~critten.
Signed sealed and delivered in the presenee o/: ,
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STATE OF FI.ORIDA, ) #
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couhryt oF St. Lucie ~ ;
I HEREBY CERT1FY that an this ~ay, }~Cfore n,c. an ~
offrer d~~ly a~thorized in the State aforesaid and in the County aforesaia to take ackru~~+lec3g~r~nEs, ~rwna3l~ appca%~cl ~
t
Frank Rinkel and Irene Kinkel, his wife
to me k~N~~vn t~~ Iw ihe {x•rW~n S~I~~u•rilx•cl in an~! ~cM? E•<lY'U~f•d t6i• fore~:oinK imtn~oN•nt anil they ack~a~+~•kKl~l ~
I~rf~?n• ~~k~c they i•~e~vte~l tlu• .:~uK•. l.Otll
\VI'I:~EtiS my kuKl and uf[K~i:d se•:il in thc• C'.~mnt}• and titati~ laci afon•>aic! thi~ day of
October 74
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