HomeMy WebLinkAbout2461 a??d shall n~~f
orm. comp~y u~il~ and a6tds 6y each onc~ et~ery !~e agreemenfs, ttlpu~aNoni, condlttona nnd
co~~enanis thereoj, ~nd oj ~his mo~l9as~e, thpn t1~Ia mwtgage and the estat~ hare6y cn~aled, sRnll cea~s, d~-
lermine an~I ~ null an~ vof~. •
fhp morfga{~o~ ~~eroby ~urfi~e~ covenanfa and agrees to poy p?omptly when due the p?incipnl and
interesl and olhPr sums o! money provic~ecr jor In saia nofe ant~ t~1s moNgage, or eiftier: to pay al~ and ~
slnpula~ f~e fa.res, asaessmenls. ~evies, ~tabi~lliPS, ob~ldations, and encum6?ancea o/ every nature on aatd pro-
perty; fo permif, commit or su(~Pr Il0 ll~OSIP, impairment or defertoration of saFd land or the impro~emenb
Ihprecn at any lime; lo keep fhe 6uildinAs now or he?ea/!~r on said land ~ully insured tn a sum o~ no! less
than _
in a rnmpany or companies ~~ren~~61~ !o Ihe mortgagee, Ihe policry o~ poltcies ~o ~ hetd 6y, und paya6le
to, saic~ morfgagee?. an~ in fht? evenl any sum of monoy bec~omes ~,ya6l~ 6y c~trfue o~,sucti insutance t~e
• morfgagee sha~~ {~a~~e f~e rig{~f to re~ceiup and apply the sama to tl~e tnde6tedness tiere6y sc~cured, accounting
to the mo?tga~or (or any surp~us; lo pay a~~ eosfs, charges, and expensES, inclu~ing ~awyer~s Jee,t ancl litje
searches, reasona6ly incurre~ or {wid by the moNgagee becuuse o~ ihe ~ai~ure of fhe mortgago~ to pr+nmpl~y
anc~ (ully cornply u~ilh Ihe agreemenls, sfipu~aftons, con~ittons anc~ coi~nants oJ aoid nole nnd thb morfgage.
o~ eit~~er; to per~orm. ~-omPiy u?;th a~~d abide by ea~h and every ihe agreemenfs, sfipu~ations, rnnditions ancr
covenants set /orlh tn said note and tl~ts mwtgage w eifher. In 1{~e event Ihe mortgagor /uils to pay w1~en
d~ any tax, assessmenf, insurance premium or ofhe~ sum oj money puya~le by t~Irtue o( snic~ nofe- and this
morlgage, o~ eil~ier, I~e mortgagee may pay I~e same, urit~ouf waiuing or a~f
ecling the opfion lo f
orec~ose
or any otl~er tigl~f I~ereun~Ier, and alI such payments shall 6ear interesl (rom date fhereo/ al Ihe highest law-
(ul rate t{un allo~oe~l 6y Ihp lau~s oj fh~ Stnle o~ Florida.
nny siim o~ money herein re(erre~ l0 6e not promptly paid wifhln tbirty days next a~ter
the same becomes due, or i/ each ancl pi~ery tl~e agreements, sfipulotions, conditions and covenanis o/ said .
nole anc~ this morlAaf~p, or pithpr, are not Jully perjormed, complied will~ and ab~d~[ 6y, tl~en the entire
sum mentioned in said ?iote, and tl~is mortgage, or tl~e enliir balnnce unpnid tbernon, shall (orthwith or
f~erea~ter, al f~e oplian o~ f{~e mortga~ee, 6ecomp and be. d~ee and paya6le, anything in said nofe o~ ~erein
fo I~e confrnry nolu~ithslanding. Fuiiurp hv fhe morfgagee to exercise any oj ttie rig~ls or opt~ons ~eretn
pronicl~I stia~~ nof consfilute a u~aie+pr oj nny rig~fs or opfions under sai~ note or f~is mortgage accrued or
f~erea~l~r accruing. -
~n ~~LIl~s ~hereof~ !he saitl mortgagor has I~erri~nto signed an~F sealed these presenls thp
~ay aru~ year ~irsf A~i~P inrilfen..
„
ITED PARTNERS III, INC.
,~~7~~i~~,~ nn ~irerecr i~~ l~e ptesertce o~:
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a~ _ . Donald E. J obsoa, Sec-Treasurer
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S'I'ATE OF FLORIDA, i
COL'\iTV OF St. Lucie ~
I HEREBY CERTIFY that on this day. belon me~ an
of(ieer duly authorized in the State aforesaid a~d in the County aforesaid to tak~ acknowkdgments~ personally appeared
JOHN R. REA and DONALD E. JAOOBSUN ~
to mo known to bc the penor8 d~scribed in and who exccuted the (or~qoinR instrument and W~10 acknowkdged
beforc me that tbey executed the same.
~t'I7:tiESS my hand and of(icial seal in the County and Statc last aforesaid tbis ~~i~~/Tl~ day o(
November p. D ~g 74
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j Nota Public
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