HomeMy WebLinkAbout0082 ancl s1ial! perform, comply u~tth and alikle by each and eucry the a~;~.~eme~~ts, sti~ulations, condttlona and
~ covenants ihereof, and o/ thi~ mortgage, then this mort~a~;e o~u~ the eatate herehy createrl. shall cease. de•
termtne and be nuU s~nd void.
. ,
~ tlis mortgagor hereby further couenants o~ui agrees to Nay promptly when due tha princtpol and
tntsn;st m~d other sums of money provfrIed for in said note ond tl~is mortgage. o~ eithsr; ta ~wy ail and
afngula? the faxea; aaaessments. leuiea, ~iabitit~es, obligations, and encumbrances of eoery nature on sald prop-
~ sKy; to permit, commit o~r suBe~ no waste, hn~wlrme»t or deterbrotlon of satd larul or the im~xonements
ther+eon ot any time; to kesp ihe buiklinga now or hereo/ter on satd iand /uUy lnsured in a aam of not leaa
ihan , ~
{n a company or companies acQeptable to the mortgagee. the pollcy or poiicies to Le hetd by, and paycble
to, sald mortgagee, o?ui in the event any sum of money becon~es payable 6y ufrtue of suc?~ fnsurarux ths
~rwrtgagee s1~aU haoe ihe rtght to reaine und upply the same to the indebtedness hereby secured, accounting
to tlu mortgagor for any'surplus; to pay aU costs, charges, ond expenses, includtng lawyeis fees and title
sea~ches, i+easonably incurred or patd by the mo~tgagee because of the failune of the mortgagor to promptly
and fully compty with the agneements, slipuiations, conditfona and coverwnts of ~oid note arid this mortgage,
or either; to per~orm, compiq with und abtde by each ar~d euery the agreements, stipulatio?u, c~vnditions and .
anvenants set forth in said note and thts mortgage or euher. In the euent !he mortgagor fails to pay w1+en
due aruj taac, ossessment, ir~,surance pnemium or oiher sum of money payoble by uirtue of said note and this
mortgage, or either, the mortgagea n+ay pa,y the some, wlthout wafuing or a6ectfng the option to foreclose
or ar~y other rtght hereunder, and oIl such payments shai! bear interest f
rom date thereof ot th~ highest Taw-
ful rate then oUowed by tl+e lauxt of the State of Florida
~ ony sum of money herein referred to be not promptly pak! within ~hirt d°~
ihe some becomes due, or if each and enery the agreements, sttpulations, condttwns an~ conenonts of said
rate and this mortgage, or either, are not fuUy per~ormed. complied u&h and obided by, then t)u eniere
sum mentioned in saul note, and ihis mortgage, or the entire 6alance unrwid ther~eor~, ahall. forthwith or
thereafter, at the option of the mo?tgagee, become and be due and ~wyalile, onything in said rate or here~n
to the contrary notu;ithstanding. Failur~e by ihe mortgagee to exercise any of the rights or optans herei»
proouled shaU not constitute a u;aiver of any rights or options under said note or this mortgage accrued or
tl~ereafter accruh~g.
~n the soid mortgagor has hereunto signed and sealed these pre~ents the
day and year ~rst abooe ivritten. . _
S d d ond del ~in t pr nce of: -
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STATE OF FLORIDA, ~ ~ ~
Couxz'Y oF St.-Lucie
• I HEREBY CERT[FY that on t13s day, before me, an
o~'eoer duly authorized in the State aforesaid and in the County aforesaid to take aclrnowled8menis, PersonallY apP~~ ~
Paul D. Eddy Jr. and Gail Eddy ~ -
to me l;um~•n to f~e the pc~u~ng ~k~srrihe~e) in and ~~•hc~ ~xiti•uted the• forr~oinR itutn~ment aixl ~ey acknowlecigecl
~~~~-,r' ' '
hefom uze thrt til@~/ ~•~cYti~trd the a:in~e. - ~~~iut~,~
~
V I T N E S S ~ ny h a n
d a n d ~?fficixl sc
il in thr C.~uu~ry and State lact •donsaid this 1].l~1 ~,3J~E/. ~ ~
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October n.v. ~~74~
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