HomeMy WebLinkAbout2551 and shall pe~jo?m. comp~y wifti and a61ds 6y each and every t~e a8reemrnl~. •tlpu~atio~ia. co~ittons and
~ conenants thereoj, and oJ thia mo?tflop., then I?~b ~no?tgags and tl~s ~itaf~ h...6y cnated, ~?~all cpws, d~-
lermine and be null and ~wid.
~ thp morl9a~or hervby ~urthe? co~ena~li and agrees to pay promptly wh~n due fhs prlnclpa! and
lnle~es! and ofher sums o( money providec~ (or tn suid note and f~U mo?fea9s. or eifher; to pap oU and
atngu~ar ttie faxea. assessmenls, ~eutes. IIa6ilifies. ob~igotto~, and encum6rancei a~ e~?ery naturs on saicl pro-
perly; fo pe?m1l, rnmmit or auljer no wusle, impatrmenf or deteria+afion of ,atd !a?~d or the improve~nenb
f~erecn at any ftme; ~o k~P iha 6utldr~as now or ka~ajter on tard [and Jujly insuro~ In a sum o~ not ~es~
el~aR Thirty-two Thousand and no/100- - - - - - - - - - - - - - - - '
in a eompany o? rnmpanic?s acceptable to tl~e mortgagee, 1ks poltcp or-polides to 6e held 6y, w~d ~ya6b •
fo, said moAgagee. ana in the even! any sum o~ money bec~omes ~ya6b 6y nirtue b( such l~swanc~ ftie
mortgagee shall haoe Ihe rtght to recetue and apply the aame to 16e inde6tednesa ker~e6y. secured, aoc~ounttng
to ihe mortga~tor ~or any aurpliu: to pay a~~ cosb. c{~urpes. and expensea. inc~uc~i~g ~awyer
s~ees and tit~e
searc~es, reasunably inciurecl w paid 6y the morfgagee because of t~e ~ailure o~ i~e n~ortgagor to promptlJr
und ~ully eomply u~ith 11~e ag?eements, stipu~ations, rnnc~1fions and cooenants oj said ~ote and tRis mo?tgag~.
or etther to per/orm, comply with and a6ide by each and svery the agreements, stipulatiora. condifions and
covenants set ~orth tn said note anc~ ftiis mortgage o~ oit~er. /n !he eoen! f~a mortgagor ~ai~s io pay when
due any tax..assessmenf, insurance preinturn or other sum o/ monsy r~ya6l~ br ~t.iue oj said note and t~b
~nortgage, or eilher. i~e mwlgagee may pay 1{~e same, withouf waining or o/lecting f~e oplion to ~onec~ose •
w any otl~er ri91~t I~ereunder, nnd al! suck payments shaU 6ear intereet (rom date thereoj at the h~gheit law-
~ul rate . then allowed 6y Il~e laws o~ the State oJ Flortda
~L any sum of money herein re~errec~ lo be not prompfly paid within ten days next af ter
!he same becomes due, or i~ each and euery Ihe agreements. stipulations, eondittons and c~ouenants o( said
note ~ and Ihis mort9age, or eitf~er, are not jullq per/orneed, cornpljed with and a6ided 6y, then tl~e entire
sum r?untionecl in said note, ond tl~is mwtgage, or the entire 6alnnc~e unpoid ll~er~eon, sl~al~~- fortF?with' or
the?ea)ter, at the opfion oj tl~e mortgagee. 6eeome nnd be due nnd paya6le, anytl~ing in snid note or herein
to I~e rnnlnnry nofwittislanc~ing. Fai~ure by the mortgagee !o exercise ony o~ t~e rights or options. ~eerein
providec~ sha~~ not constitute a waiver o~ any rig~ts or options unc~er salc, nole or this moHgage accrued or , _
therea jter accruing.
~n ~~~QU ~~~1~ Ihe said mortgagor has hereunto signe~l and sealecl fhese presents t6e
c~ay and year ~irs! aboae u~ritfen. ~
Signed, se and deli~~ered in I~e, presence of :
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- R. W. Padrick, as Trustee
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STATE OF FLORIDA~ ~
couh~nt oF ST. LUCIE
I HEREBY CERTIFY that on t6is day. before me, an
officer duly authorued in the State a(oresaid and in the County atoresaid to tai~e acknowkdgmrnts~ pertonally appeared
R. W. PADRICK, as Trustee
to me known to be the prrson described in and who executed the forcgoing instrume~t and he acknowkdsed
beforc me that cxecuted ihe uma
WITNESS my hand and official xal in the County and Sute iast aforcsaid thu 'lQth dar
November A. D. 19 74 • .
I ~
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~Notary P c, tate of Florida
~ ~l~.:~ini~r,~~~'s:; ~ at Large
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• _ My Commnission Expires .
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G _ FIlEO Ati~? `
; s'~ F`~~~ ~':~~t•• UCtC COUNTY ~LA. ,
r i ~ =T' r Ail~TRA.S
:••'£l' ~Rx C!~~CJ~~ COU~T ~
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I7iis Lulruntcn[ prrpaird by: .
Atlllli~7f THIQ INSTRUNEtiT 4YAS P?~FARED BYi ~i~a~V~
SPENCER B. GILEE?cT, titto~ney at Law p R 233 z549
i~ & SfCONO SiRECf . fT. PiERCE. FlA 33160 ~~~~A PACf
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