HomeMy WebLinkAbout0779 and shal! pe~orm, compJy wtth and al~ide by each and eucry the u~;ree~nents. stipulotions, corulitions ond
cbvenants thereof, and o/ ihis ri~ortgage, then Ihis mort~o~;e a?ui the estate hereby created, shall cease. de-
termtne and be naU and void. ~ ,
~ the mor~gugor hereby fu?ther covenants and ogrees to pay Yromptly when dus the princtpol and
~nterest and other sums ot money provtde~i for tr~ sald note and thi,t martgage, or eitl~er; to pay oll and
singular ths taxes, asses.m~ents, levies, Iiabtitttes, obligotioru, a~ui eruwn~lirances of every nature on soid pro~-
erty; to permtt, ~ommtt or su$er no woste, impa~rnient or detertoration of said tand or the ~mprovement+
ihereon at any tims; to keap the buildinga now or hereafter on sakl Iand fuily truured in u aum of not lesa
tl~a~
{n c company or companles acaptoliie to the mortgagee, the poltcy o? policies to be held by, and payabie ~
to. so~d mortgagee, and tn the ever~t an~ sum of mo~ey becomes payable by visfue of such insuranoe the "
mortgagee sholl have "the right to r+eceive and apply the same to the indebtedness hereby secured, accounNng'
to the mortgagor for any surp~us; to pay aI! costs, charges, ond expe?ues, including lawyer's fees and Ntte
. ssarches, leusonably incurred or patd 6y the mortgugee because of the failune of the mortgagor io promptly
and fuUy compiy wtth tfie ag?eements, stipulotions, conditioru and covenants of said nots a~ut this mortgage,
or either; to per~orm, c~omPUJ with and abide by each and every ihe agreementa, stipulations, condnions and
cvvenants set foreh in said rate and thts mortguge or either. In the enent the mortgagor fails to~ pay when
due any tax, asse~sment, tnsuranoe premeum or other sum of money payable by uirtue of said note and this
moregoge, or either, the mortgagee muy puy the aame, without uatning o~ a~ecting the option to forectose
or any other right heveunder, and aU such jxiymenta shatl bear interest from date thereof at the highest la~w
fut rate ihen allowed by the taws of the State of Fbri~la.
~ Qny sum of money herein ~+efemed to be not promptly paid within thirty ~~~ef
the same becomea due, or if each and eoery the agr~eements, stipulotions, conditions and cvnenar~ts of said
note and this mortgage, or either, are not fuily performed, com~Iied with arul abided by, then the entbe
. sum meniioned in said note, and tbis mortgage, or ihe entire balance unpaid thereon, shall forthwith or
thereafter, ut tHe option of the mo~tgagee, become and be due and payable, anything in safd note or herein
to the contrary notuithsta~uling. Faiiure by the mortgagee to exercise any of the rights or options herein .
pronided shall not constitute a wpiver of ar~y rtghts or optioru under sa~d note or this mortgage occrued or
th~rea
f
ter accruir~g.
~n ihe soid mortgagor has hereunto stgned and sealed these presents the
day and year first obooe ~crttten. , ~
Signed s deii»ered in the presence of:
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STATE OF FLORIDA, ~ '
COUNTY OF St. LuCie
I HEREBY CERTIFY that on dus day, before me, an
o~eer duly suthorized in the Shate aforesaid ancl in the County aforesaid to take aclaawled~tments, PersonallY aPPe~ ~
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La~rrence H. Rich and Teresa, hie wife - '
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M mr l:nrn~~n to I~e the prrc~m g~k~ccrilxT in":liitT'a•hn exrctided tlx~ Fon•y:oinK iactru~nent a~xl t~~~~,•°•~~wokq~wledged
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hefom ~ne tktt t~ PSIY'II~IYI ~l~a• saiiK.
: ' tS,y of
~VITNESS 111Y IIi1IK~ 8M~ ()ITK'I:iI tit:J in the Gnu~ty ancl St~te last afon~aid t is .5~ V
OCtO~Y A_ D. 19 74 - • ~ ~ ~ ` . ~ -
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fILEO a~U REC040fD ~T~ ~ `
~ ST. LUC1E COUMTY FLA. MT COMMISSIAN EXp11t~~,. td.' 19?y
~ ROSER ~ "v~iaAS ~ TM~ ~
CLfRK ~:s~CU1T COURT ~
P.~Cfl~R Y' ~tr'EO _
- Oc~ 30 i2 s3 PM'7a
29435~
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